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Fwiw my take is every thing takes time particularly in politics..hopefully the ratification vote does come in the coming quarter and everyone in the ruling party toes the line as the number of members of Parliament are finely balanced at the moment in Ghana..subsequently I hope the ruling party also win as there are murmurings from the opposition that they are not happy with the terms of the deal to say the least but a lot of that could be the usual finger pointing and gesturing that you get with most political parties.. get the ratification out of the way and finance forthcoming from Piedmont ( hopefully no hiccups there ) and we should be out of the woods and onto a bit of a highway so to speak !
Selling at this stage, no chance, reiterate my first sentence
Its a valid concern (to me), but its outweighed by the positives
Nothing is a 'no brainer' (hate that term), objectivity though is good
We wait
Swest if you think that then sell?
The board has thus far delivered a heck of a lot of progress and they're telling us this quarter beginning next week they will have all permitting done, the final offtake done and miif investment done. I'll let them deliver on these components of the overall project.
Cash wise the company isn't exactly spending much, just a bit of drilling and admin for permitting that's finishing up and with money continuing to come in from both Piedmont and MiiF they confirmed in the new q&a and shortly the big bucks from the offtake.
I feel very good odds of a 3rd improved bid coming in shortly so I'm holding tight.
There are so many positives here and I won't go on to list them again because its been amply done
My concern here is riven from the fable of Achilles
What exactly is the timetable for the Government, 'Q2' is just us/ALL saying . Someone on here said something recently about the elections in December and we being used as a mere pawn, a football. It struck a chord.
Theres a deathly silence around the specific subject of timescale, are we in a queue, is that queue published. No.
With sincere regret, I'm not sure thy know what they're doing.
Great optimism and caution all in one for me. I have no doubt whatsoever about the Project, but if we're sitting her awaiting for an election in Dec, secondary consequences await, including another raise ..
If anyone has hard data on the ratification debate or vote timescale please post
Spodumene up again and last trading session today before the news rich Q2 kicks off next week. GLA.
Just because it went to 70p during high Spod prices doesn't mean it would get that in a takeover at bargain basement Spod prices.
I'd take 50p and sorry to those with a higher average price. I averaged down from 35p to 24p as I'm long term anyway and am happy to pick up cheaper stock if its available to lower my average price.
All time share price was like 70p so really this should be the minimum price paid for the asset. 40p far too low.
Remember will be not only one of the lowest cost producers in the world but also highest output at 365,000.
Resource upside is also very significant.
Agree each to their own. A 100% return at these levels in the space of a few months, very nice thankyou why not cash in.
Ratification imo is acting like a handbrake on the sp. That needs to be cleared up so that the other catalysts can have full effect, if and when they all happen.
Plus a keen eye on the daily spodumene price. Got the jitters yesterday when it fell slightly but glad to see it rose again overnight and is just short of $1100/t now.
I agree, been topping up in the late 18s and 19s, feels like the right thing given the amount of positive news on the horizon (hopefully). But only time will tell. Either in or out now. I’m in for the long term, fingers crossed! GLA. CJ.
If you can be bothered to wait then it'll be pounds rather than pence. But no doubt traders will take 40p if offered.
I'd rather wait 18 months and reap the true value of our asset.
Try £'s, pence too low in a years time....💥
So, it looks like if you are here for a few wks/maths pence will suffice, and if your in for yrs, pounds is the name of he game...😁 Nice deviding line to determine longs and shorts...
I think you can view the actual bids that we have had in one sense as a positive which Neil also refers to and that is Assore were prepared to pay substantially more than what we were/are valued at and also added at a higher price than where we are now ..I think we as shareholders can take the positive that management said we are not putting that to investors as it under values the company substantially ..so where would anyone go from there if they wanted to take out ALL ..well if it were to be a recommended bid then I would suggest it has to be well in excess of 33p and if a company were to go hostile then of course that could mean a bidding war and we could end up way way higher but lots of ifs buts and maybe !!
Try 60p, 40p too low.
Yes, not would be the perfect moment to try and take the company out on the cheap, before the last de-risking milestones are complete. They know the board will only entertain offers over 33p after two rejections of that price within the last 6 months.
If a bid came in @ 40p would equate to an uplift of 110%, don't get me wrong be nice ......but is that really likely from where we are now??
The new Rock Stock channel interview shares below is a must watch for ALL shareholders. Paritcularly around from the 27min mark when discussing a potential 3rd bid or a bid from another company. Seems likely to me going by what's said.
Neil also mentions for himself personally that buying shares at around 20p he see's significant upside and even states 100% in a short space of time...
Bid coming at 40p?