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so by that logic hotels should buy food farms, or phone companies buy rare earth mines, there are huge complexities involved with mining, that’s why no one wants to get into it, if they can. Would you rather buy the meat from a shop, or set up your own butcher shop. you do all the dirty job, ill pay a premium at the end.
wolfi - but it wont
I bought this simply because I know Richard Upton, professionally, when it comes to real estate this man knows how to maximise profits. I don’t really care about a broker’s report. This will hit £2 easy, and possibly more
i really didnt expect for it to fall this much today.
looks like ganfeng has been diluted down to 25.83%, i thought they wouldve had a anti dilution clause.
I got to work expecting a 20%+ uptick, but only 2%, the only reason I can think of is we need tens of millions of pounds, and we’re still pondering over less than £10 million raise. PS needs to get proper money in and throw away these £7m approaches away. My concern is no one wants to commit a lot of cash to this.
i had this stock in my sights about a year ago when it was 30p, i am wondering why i didnt invest, looked at the financials, quick glance, sales of £4m and £346m m cap. yes in true sense i missed out, but it seemed risky to me.
so many things spooking the market, first as everyone says the 500m shares problem, second the the final cost has stayed the same, they brought on ganfeng for two reasons, one was the funding and two to get the cost down, ganfeng stole this company from under our feet, or PS's feet, and not only that there is no cost saving going on, ganfeng will eventually take this private once zinwald is separated, but like i said before, we will not see production in the timeframe bcn says. money still to be made here.
I thought ganfeng was meant to reduce the cost, how come its remained the same at 420
i have read it and theyve been recycling the same droll for the past year
VSA is paid by bcn, biased article
sold out of this about 3 weeks ago around 35p, bought in at 22p. i thought it was a mistake because of last spike. but glad i did. either way ill buy back in around 25p
there is hardly ever a mining company that sticks to its schedule, and this is no different, whenever the date PS is saying, i think 2021, wont happen.
it has already gone through, if the government has approved, thats pretty much it. but this fall is due to him to never telling us of the 4 stages
where did the other two stages come from, maybe withhold information, if you want to be precise, market likes transparency. he had done about 4 different interviews, 2 RNS, i think 2 conferences, it was always one stage, re government approval and ganfeng signature, now its gone to two more stages
no paid derampers, CEO lied to us, simple as, market doesnt trust
this is what happens when you blatantly. market unmoved but bcn down 8%, on what was meant to be amazing news and the last bit of news before finances are sorted, but now we need to two more signatures.
how many interviews and conferences did PS do, never did he mention a 3 stage process, it was always end of june sign the docs with Ganfeng and end of july government approval,also regarding VSA buy rec, don’t take that as some kind of 'god's word', VSA is paid by bcn to make that report. One thing is worrying to me is if this is such an amazing deal, why are there no II's jumping on this, we've heard nothing from them in a very long time. I personally dont think 2021 target will be hit. it's extremely seldom a miner works on schedule.
so it rises 80% with no news and then once its released jumps to 180%, second part is fine, but talk about corruption and insider trading.
That’s such bs, when it starts to rise you love that AIM 100 even 200% spikes but if it’s falling it’s always the MMs playing games, it’s falling because there are still 2 stages to go so not final, as we were led to believe