A spike would be true to form at about the same time as a new CLN gets announced. The cycle is depressingly predictable. You just have to get out of a dayish trade just before YA do. Still a massively risky gamble, even as a quick in and out.
"I reckon we will see a rise, maybe to 0.3, ahead of 10 Sept news"
Good luck with that ! The delays / extensions, to me, feel similar to the Greenland episode. My best guess is that we may get a revised proposal once NMC have established whether or not they can extend the mine or can purchase MFP's share as well.
RNS 18th July stated:
"We are working closely with NMC to deal with any remaining issues they may have"
So clearly there were some issues with something during the initial DD period and the extension of that DD suggests to me that it's all a bit more complicated than originally foreseen. Doesn't mean deal is off, just that nothing is ever straight forward imo.
However, if by now, NMC had decided that they were not happy to buy just RRR's (AGM's) 50.002% of the mine and wanted MFP's share as well (speculating here), then I would have hoped for an updated RNS to that effect. I personally suspect that this is what we will get on or around the 10th Sept but who knows, as ever all we can do is wait it out. The fact that NMC are paying the 100K for exclusivity is certainly better than nothing, and that differentiates this from the Greenland deal, but as the deal is for up to $5m, that deposit seems to me to be quite tiny in comparison.
my treble up at the local bookies. In my treble i did Lenigas to step down from chairman at polemos (he did it today), also did Lenigas to step down from chairman at LGO (he did it today). Lastly i did Andrew Bell to step down from everything at Red Rock.
I reckon we will see a rise, maybe to 0.3, ahead of 10 Sept news. If we sell El Limon, then sp up to 0.4 and breaks 0.5 the following month when cash in the bank. But if no sale I reckon a collapse to test some very low new lows, followed by more dilution and even lower SP... Sound reasonable? As ever, I see AIM as a gamble more than investment - personal opinion so don't shoot me down! But the odds of a bankable small rise in next couple of weeks are good imo, although longer term the odds are much worse!
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