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I did predict a range between 17 and 19 so no shocks in my house.
I'm betting that the cliff top will be packed this morning as the lemmings form an orderly queue.
Pleased with the RNS although I did expect Mr. Roach to take more out of the pot.
The $300,000 bank loan is encouraging with more to come.
The first production is now deferred to May, no big issue.
Very pleased that the Zulu" pit stop" has identified issues and how to fix them.
Going forward from here.
Acker
I noticed a few lemmings went over the cliff today.
RNS maybe tomorrow with details of expected placing, be quick in acquiring the discounted stock, the price won't hang around for long.
Mist is lifting, and production is not far away.
Commercial production is still anticipated for June at a spod price, after discounts, at around $1200.
Lots of good buzz about spodumene prices.
Light the touchpaper.
Acker
Raaydaar
The placing price comes, or will come at a very fortuitous time, IMO many will be holding back ISA investments until the price is known then rapidly sweep up the SP.
From that event, I am looking for the SP to continue to move north.
Time will tell, it is Prem anything can happen an offer from the Arabs may be placed on the table.
Acker
Raaydaar
I am under no illusion that it would not take much to rock the finances, it will be tight.
However, will run with it and give the CEO the benefit of the doubt.
Confident that, on this occasion, all will pan out by end of June
Acker
Raaydaar
Expecting the CEO to move quickly with placing.
Will use enough shares to pay "payable creditors" and some working capital. Expecting news this week and am looking at the placement cost for 17/19. I would like him to hold some in reserve, however he would like to max out the credit card ASAP.
Acker
Raaydaar
You appear to have an insight into the works program at Zulu when you say it will take time, how much time?
Are you going beyond my suggestion of June 2024 if so, please explain the specific delays that will occur that cannot be rectified by the plant manufacturers and mine assessors.
Acker
Whywastetime
Beg to differ.
As soon as Zulu produces the market will start to pay attention and this will generate the start of the re-rate.
Expecting the market to become more confident during April and May and a sizeable rise during June.
George has admitted his mistakes and his sharp learning curve during 2023.
At 1p/1.50p by Xmas, you should be able to take the family to Butlins.
Acker