Expecting some position taking ahead of the guidance provided from the board regarding funding completion at end of Q3. Just looking at the cash in isolation, $130m to land in a company with approx £20m market capitalisation should have significant positive implications for the share price. The fact that this will unlock the wider story and kick start the process to becoming a multi mine operator by 2018 (as per guidance from the Company) unlocks the path to 5.85p target offered by Edison
Great time to buy, SP has been trading sideways and has formed solid support around these levels. Indications are a test of 0.8p in 4/6 weeks time. On the right news, you can expect a breakout towards 0.8p.
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