RE: nextsource/FAR20 May 2021 16:48
Sorry X,
My last post from my phone did not make sense!
What I meant was that Sir Mick of VB probably had the Tesla supply chain deal either lined up or he was the final influencing factor. Lets give Next some credit as they may have been working years on that deal. This looks like a deal Sir Mick wanted.
Something tells me that Sir Mick has got Ferro in the palm of his hand but does he really need a Vanadium miner? Sure it ticks a lot of boxes but the Vanadium market is complicated and volatile. Read through the Ferro RNS announcing the deal and check out the announcement on VB website. It is all outlined very clearly.
Personally I would take a small punt if it dropped to 27p. If you look at the SP action on NEXT Source (which is fairly flat) and consider how much further they are ahead then it tells you the Ferro SP should drop IMO. The only reason its high is because its on AIM. If it was on CAD then it wouldnt turn investors heads as much. Also, I am a bit nervous about jumping in with both feet until we can see what Sir Mick is really up too... Yeah, maybe 25p.
What do you think?