My thoughts ATM2 Dec 2019 11:46
Morning all ,(apologies in advance for a long post ). As it’s quiet just my 2p worth that’s all ,but I’ve been here a long time and intend to stay a long time as I’m absolutely sure this ship will sail in one day whenever that may be .. hopefully soon
However over that period u get to see or understand more about how the Bod or JM ,tends to think( or u think u do lol) and I have to admit I used to get a bit exasperated as we did miss a few timescales here and there and some of the excuses i felt were a bit lame on such occasions but -hit happens as they say
Fwiw I think the Bod are pretty adamant that the real fireworks for the nickel price is still a couple of years away yet but what they’ve always known is exactly what they’re sitting on here and well b4 it went public ...so they knew if they could spin the timescales out to the optimum inflection point then one day they will hit the jackpot ..and so will we ...if we are still here when it does happen of course ..
For those more recently invested here the original plan going back a couple of years was to have had financing sorted a while back with production scheduled much sooner than it is now ...but as it stands the ultimate finance package isn’t even going to be finalised TIL mid 2020 so production won’t realistically start TIL 2022 maybe , but coincidentally that’s exactly the optimum time when Jezzer thinks it will be getting close to peaking ....so his plan all makes perfect sense in truth
Turning to the recent £25$ investment by Orion .. u have to say it’s a superb endorsement of Jezzer’s strategy being shared by Orion but more relevantly right now is that it also offers another huge upside to the board because it buys them more time to feel their way thru this critical period where there is undoubtedly a stampede of interest from all quarters all trying to get their hands on either or both A and Vermelho.
It’s a perfect situation isn’t it ,?
they’re still getting paid ,they’re still moving things on and knowing that as every day passes their hand is strengthened as the EV momentum grows by the day .
As most of us know a deal could land any day at any time but its not absolutely time critical essential is it ? as we are well stashed with cash with little or no chance of any extra funding being needed so if it comes ,it comes ,if it doesn’t it will come when it’s ready ... and they know that !
just to be clear I’m fully loaded here I’m going no where I trust the board implicitly I think they’re right in their thinking if what I suppose is correct, but it’s all just my opinion ,and that’s all it is so festive cheer is wished to all invested here GL &All the best