Final results19 Jun 2019 09:06
I did say fellas at the time of the very first delay in sept last year that Oaktree’s ultimate timescale on this project was set totally around the tungsten price being back to a level where this venture would generate and maximise their return bearing in mind the project originally was mothballed indefinitely as the price of tungsten shortly after they assumed control was 160 a ton was it ? The project only got fast forwarded as there was a huge shift in sentiment culminating in a high of 350 last June before its slumped again and guess what it’s almost reduced progress back down again to a trickle ..production was first scheduled for back end of 2018 and whichever we look at it that Rns today is yet another example of being a mile off the one we were all hoping for and wanting to see but am I surprised looking at the share price ? No ... look it will happen, it will be a winner I’m sure of it ..but only when they think the time is right and not before.. so yet more patience needed Qtr4 at the earliest now not sure which year though lol ..aimho of course