Sentiment6 Feb 2020 05:15
Looks like sentiment is finally starting to change, hearing investment management folk are also starting to take positions, why they arent looking to hit the 3% and issue a TR-1 they are quietly building in the background, there are also a number of individuals building substantial holdings butting the into the 9 figure holding range.
Not to sure if you are noticing that for every sale there is a buy, PIs may well be selling but dont be fold there is a lot of consolidation at these levels and these PIs IMO will be rewarded.
Why the market hasn't priced anything into the MC shouldn't be a deterrent, the market in my opinion is waiting for concrete news, this will be in the form of a number of RNS:
RHA Production
RHA Off Take agreement
RHA Revenue
Money from NEIFF
Zulu EPO
Zulu JV / Partner
Zulu Drilling and
Circum Cash
REM Progression
Granted there has been a lot of set backs but I honestly believe that we are at that point which we will finally turn a profit, EPO will be granted and a JV partner is already lined up as per previously noted "Premier African minerals has proved to the government that it has funds and the capacity to develop Zulu" this was noted in response the EPO sign off. IMO this means they have plant and equipment on hand from MHN, they also must have a potential JV Partner as they would need to prove where the cash is coming from.
I am personally looking for a massive re-rate here, like many a LTH been here longer than most but finally can see the glimmer of hope and light that was so distant at the end of the tunnel. Almost a Sun rise and perfect picture. GLA
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