RE: reaction17 Oct 2019 10:56
Stroga, that's not quite true. Now that the company has signed with Ganfeng, it has moved beyond the "hope" phase, although the need to the additional funds is still an issue.
For me, the current sp is what I've been anticipating since the deal was first announced. The placing price was 25p, which is the value placed upon the company by Ganfeng. The market is simply asking the question; "at this stage, why should it be worth much more?" The fact it has traded above that price is simply a reflection of retail punters driving interest.
It has taken forever, but the fact is, the company has moved forward, but it still has a long way to go.