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I cannot believe this market ?
I will stay with ASX. A lot better regulated and I thought London was one of the world’s leading financial markets? (By the way I am from London although I live in Perth.)
Well at least we made Kitco news. If people are spooked by the lack of news on infill drilling results I would not be too concerned. In my opinion everything has probably been delayed due to the obvious obstacles (winter, COVID, Labs) I would imagine CEZ have to endorse everything wrt announcements that are not EMH corporate specific, and that will take time with disrupted workforce, and being a government department? Say no more. Anyway infill drilling results do not normally provide major surprises either way. Looks good value at these prices.IMO.
But all that said KC should provide updates - even if it is to say “there has been a delay”
It takes a long time for our partner, being a government agency, to agree to anything. The reasons for the delay could be numerous. Lab delays, partner bureaucracy, weather etc etc. KC did say last year in an interview “don’t expect any surprises” and I agree. It’s just infill confirmation. This pull back is profit taking, and who can blame anybody for that. Personally I am in in for the long haul, battery metals are the future.
Do not expect any surprises from the infill drilling results - 6 due next week. These will not drive the share price and in a previous interview Keith said “we don’t expect any surprises”. To be honest why would we?
However offtake news and engineering milestones during 2021 will be significant IMO.
There will always be traders and investors that have waited long enough and will cash out. A period of consolidation 40-45p or 70-80c is healthy enough.
But its early to sell when there are 6 triggers that could elevate the price. Maybe not in order.
- infill drill results, probably no surprises here, either way
- listing on the OTC attracting US speculative money, no dilution envisaged
- listing on Prague SE, no dilution envisaged
- off take agreements, this provides financial endorsement
- preFEED / DFS, this will validate within sensitivities CAPEX and OPEX costs
- EPC costs, certainty about CAPEX
Patience is a virtue GTLA
Absolutely, i believe the listings without dilution, and we have not seen Prague or OTC yet will create a share deficit. I honestly believe this is, based on higher numbers than from the old PFS, A $500 capitalised company. Of course IMO