I have to say when something is trading at a little over half of what it managed to get a successful placing away within the last three months. Either the institutional backers didn't do any due diligence or at 0.23 this is an absolute screaming buy !! Just had a little top up but sentiment returning to your SML's KEFI etc etc but it has bypassed us to date. Undervalued in December "and hoping the market wakes up to value its assets" ......jeeeezz 0.23 on narrowing losses.
Just had another look at the Interim Report dated 16th December. It now seems that the commissioning of the copper & cobalt plant is expected to happen in Q1 2017. That's a fairly wide target, considering that originally this plant was expected to be built by the beginning of last November. It just keeps going back and back. Problem is, this is not within VC's control as we only hold a minority investment, so all we can do is sit back and wait.
It's just that I think ccrider might have been spot on. It's no master plan, the mm make lots of extra cash by their actions, as an investor we all should be aware. Always a buyer for any stock, one man's rubbish and all that. Atb
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.