Yes Wilky I agree, but I've a few AIM listed shares that always promise jam tomorrow, well my toast's getting cold, even moldy,should have sold last year with my £200k profit, but oh no greedy MF that me!
On the one hand now BCN/REM have been partially de-risked you would expect some upward momentum, however should we see a typical AIM spike and selloff it would be a great opportunity to load up the wheelbarra' with a few more shares.. either way in my book its good news
The fact we are dealing directly with Tesla, and have signed a supply contract (with all the necessary boring caveats) is flipping phenomenal. Ridiculous. Extraordinary.
AIM is a sentiment driven roller-coaster, but the share price will catch up sooner or later.
This Tesla supply contract (TESLA!!) is no casual agreement over a coffee in Starbucks. This will have involved a lot of work, discussion, figures, facts and negotiation. Tesla (TESLA!!) will be pretty bl00dy sure we can deliver in order to have signed this thing.
While I completely empathise gfb258 with what you say, that seems to be part of the AIM game and mm's will try to deprive you of your shares one way or another at this stage of the game, but I will hang in here because I believe true value will out in the end.
once "proper " news arrived ie like last Friday, we would rerate to the high singles, I hope on Tuesday we do get moving, but I just have this funny feeling that it'll be a damp squib and we'll still be 1.1p (ish). I cannot understand AIM sometimes, no news then off we go, no news and up 25% for 30mins then back down, Iknow peeps will explain why, but still, it is very infuriating.
I'm sure they will do it anyway but what I feel would be prudent I the not too distant would be an RNS to set out clear targets and time scales over the next 2 years to meet Tesla's criteria and get the mine up and running, then as we hit each milestone they can update the business, works a treat, Harriett Green did it with TCG, Adam bond with AFC, the market loves to see clear realistic targets and the business hitting them.
On the condition that, over the next two years, the Sonora Lithium Project reaches certain performance milestones and successfully passes product specification qualifications, Tesla - or its authorised purchasers - will buy lithium hydroxide to feed the manufacturing of batteries at Tesla's Gigafactory in Nevada. One of the key milestones will be the confirmation that the Sonora Lithium Project will be able to supply lithium hydroxide in accordance with volumes and timeframes to be established by Tesla. The Supply Agreement has an initial five year term commencing from the date of the first order by Tesla, with an option to extend for a further five years.
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