bonks - all well and good, but people have been saying that for years and still the balls are kept in the air. Of course there's an element of 'cry wolf' to this, and it could happen that we eventually become so complacent with the status quo that we are blind-sided by events. Still, if you bought gold in, say, January 2009 and held to the present, you'd be just about breaking even - not a great return on what so many thought would be the investment of the millennium - and who knows, may yet be? There's also a lucrative industry grown up around this gold bug business, one that feeds on and reinforces the apocalyptic vision where physical gold somehow saves the preppers.
Personally speaking I would say that completion of Manica will indeed have a positive impact on share price, mainly as there has been zero upside from the JV deal on Alluvials that will start mid 2016 producing some 30koz of gold per annum, 15koz net for XTR at a very low cost base.
That being said, I do expect finance to be completed at same time, by my reckoning this confirmation will land within the next 10 days, hopefully sooner rather than later.
Let us not forget we have news on copper dumps during this period also (December), perhaps a JV at same time with the Chinese actively seeking such deals, should be a very exciting end of year, IMHO.
When the news of the deal comes out in the next few weeks I think Jan will want everything in the RNS. If the deal is approved yet no financing in place, I reckon there will be little to no SP movement, knowing aim, maybe a fall in SP. However, he probably knows finance has to be in place to progress Manica, and has mentioned financing negotiations around 2-3 months ago. The market is treating XTR like it isn't going anywhere, so JN has to over deliver and what he promises to reassure the market IMO.
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