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mms increased bid

Grouchomarx

I hope you're right !!

We are sitting stationary at less than half the March 2020 Placing price. The SP went from 4.6p in March 2019 to circa 1.4p and then the Placing/Share re-organisation was sprung @ 0.875 and the Bid went all the way down to .245 (24.5% of 1p)...

Today after the long awaited RNS we are still 54.29% lower than the March 2020 Placing Price.

I'm 3 or 4 years Invested here, and am currently 77.05% down from a small profit in March 2019

HappyRob

Trust??

Maybe something to do with previous goings on, or the deceitful RNS put out purely to bolster the SP as a consequence of their panic due to inexperience prior to the Placing? and the destruction of the SP from 4.6p to .245 ??

It might be different when the audited accounts are released...

All imo pdyor

Says it all

You've got to be in it to win it !!

and clearly holding it down currently

The Truth.
The SP was 4.60p last year and fell to a Bid of 0.245 minus 94.67%, so still -90.22% from the high sadly.

Grouchomarx
Every little helps !!

We'll soon find out what the market thinks !!

TheTruth.
1p would be very nice, but doubtfully even close for the most proactive lth's I feel

I read the RNS carefully twice, and it's always good to here others reaction !!

Still too cheap, and still a buy imho

"the Company having cash reserves of approximately £1.7 million at 30 June 2020 (31 December 2019: £1.3 million), which the directors believe will be sufficient for the Company's requirements until Q2 2021"..

...

JohnZ
There may well be other news to come, but can't see where from atm unless the Tanzanian Government have a Aha! moment. Nah, forget I said that!

If everything goes to plan and we don't get the customary kick in the teeth, we could be in for an interesting few weeks with changing sentiment, renewed expectations, and as anticipation grows !!

All imo pdyor

JohnZ - That's what the Company expect.

22nd July 2020
"The Company expects operations to restart at Rukwa by mid-August 2020 "

Looking better !!

All imo pdyor

My bet is that on this occasion the bod will get an RNS out asap (around the glorious twelfth) as moving forward and looking towards further fund raising to implement their expansion plans, it's now in everybody's interest to get the SP moving upward !!

All imo pdyor

JohnZ
How many shares do we hold in common?.. lol

Teaye72
Yes it is JUST around the corner!
They say "Fortune favors the brave" they also say "A fool and his money are soon parted"

I have no plans to sell, but after holding for so long and now with an exit average I genuinely don't know what I will do until I do it. I need to hear what they say about the future. My holding is such that I don't need much of a rise past my average to make the last decade very worth while. It's easy (for me) to hold when down, but in this particular case I don't know how long I could hold here with a decent profit?...

All imo pdyor

JohnZ
I hate to admit it, but that is my ultimate aim!

Added Kibo and Katoro yesterday and during the week. LSAI feed and added 20+ m here in recent weeks amongst others. Thinking about Lithium “the new gasoline" and researching Ironflow and some new Tech's atm.

All imo pdyor

If this rises as we hope and you manage to hold, you will have tripled your investment by the time I break-even, as will many of the newer investors. I'm sure there are still many holding with averages in 4's 5's and 6's and possibly even higher that are preying for something spectacular to happen like a merger, a take-over or a u-turn by the Tanzanian Government in light of the advancing (see my recent post) reposted below)) $455m Transmission Interconnector.

Considering the Company had the RCPP kicked from under their feet we appear to be in a position that many thought might never happen, and some clearly didn't want to happen.

It's not possible to predict where this might go, as there are too many variables including the new partnerships and Interconnector etc. Also a profitable Company will be more attractive to potential buyers, and even more so with the numerous potential possibilities still in the pipeline.

As the Company moves forward with their Mine Expansion Plans, and considering those other possibilities this, (in answer to your recent question) has the potential (imho) to surpass 2p in the nearer term, and higher depending on what transpires in the coming months and years.

Clearly looking better !!

All imo pdyor