Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It will take more than "a hint" of good news for this to rocket.
Bog standard "good news" will probably give us a tickle of a rise which will then float back down over the subsequent week or so - this is generally the pattern you see on most aim shares.
I'm not deramping, i want this to do well, but at the moment credibility is shot.
It will, imo, take a sustained flow of good news to raise this and give stable base.
Right now, 100% takes us to 0.7
Good news may spike 10-15%, maybe 20% optimistically.
Obviously a mega hit may do it, but again, it will need to be followed up with some kind of plan for exploitation (JV etc) which, let's be honest, would likely be viewed with skepticism by the market until pen meets paper.
I'll be happy with a slow grind higher, ticking off milestones through solid fieldwork and a demonstration of shrewd business savvy.
Obvious, but every time they dilute, it will need evermore spectacular resuĺts for diminishing impact.
The shares in issue her are the barrier to this delivering a decent sp.
Every dilution just puts this further and further in a hole.
The conduit merger has always been a side hustle, i certainly didn't invest for it .
Maybe its worth a short term spike for beer tokens, but let's be honest, after that spike it will settle down again while we wait for the main course.
Untwist your knickers, unlike covid vaccines, real biotech stuff takes a while to do properly...
Speed, however, is of the essence.
There is a lot to go at, but we do need something tangible reasonably soon - yes we are "fully funded" (usual ECR caveats there) but stating the obvious, if we raise before the sp has moved significantly north from here it means each subsequent result needs to be ever more impressive...