RE: Imminent13 Mar 2019 07:36
If thats your trying to see positives china id hate to see your looking for negatives :)
Reasons to be cheerful..
CSD production to begin immin....i mean soon. Lets say two to three weeks and is a few weeks over in rainy season such a big problem in the great scheme of things?
Sale of Misisi (Casa) and Sturec was never promised to happen in a certain time frame..it will happen when it happens. NvS says hes working on it but wants good value which is good enough for me. 'If' we have to take a bit of further dilution its not the end of the world but according to the man, we have enough funds to keep us going until the back end of this year..lets say October or November, which still leaves us 7 to 8 months in which to sell one or tuther or both.
He also said that if both are sold then we should have enough funds to take us to the end game.
Ok its a bit dissapointing that Kalaba isnt the motherload but I think to be fair we were probably getting a bit over excited and expecting too much without really knowing the size of it. Its not a Kalumbila but its big enough to provide a decent steady income to cover overheads while we focus on what we hope will be the real motherload, Cheyeza West and Lumbeta. No guarantees on those either but you dont get guarantees in a small cap AIM mine exploration company. Lets face it were all taking a big gamble but we have a great chairman and team with plenty skin the game. One thing I like about NvS is that hes not the oily second hand car salesman type. He comes over to me as an honest stand up guy who isnt going to put a sales spin on everything he says.
Macro factors looking good for copper with a predicted steady rise for the next year or two.
Sp short term I really dont care about. Im in this for the long term and expecting a few multiples.
Steady news stream to come...CSD production, sale of non core assets, further sample results and first drilling results from Cheyeza West and Lumbeta.
First drills planned to go in end of this month, weather permitting.
Depends on your mindset wether you see positives or negatives. At the moment im feeling confident in my investment here, so seeing more positives than negatives.
That could change at any point in the future. If you dont like to take risks then forget the rewards.