Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Perhaps it’s too expensive right at this moment given the current restraints financially. But I would bet Prem has a very good idea given most explorers have their own equipment to evaluate samples. They just can’t give out what they know as samples have to be independently verified before a rns is put out there. (Another expense no doubt). Any investor in whatever, resource if invested previously in mining, knows that.
If as has happened, before I.e we do not have an rns and all goes quiet. It need not be bad news. Both gr and Chinese partner could be talking. However there could also be other options going on in the background. I find it hard to foresee, guess where this will go. But what is clear, too much effort blood sweat and tears by prem has been contributed. Secondly, Canmax has spent a lot of money on the venture. Neither would imo be short sighted to not fight to make it work. One way or other Zulu is a valuable asset and lithium remains in the ground. Fingers crossed.
It’s times like this when the road gets rocky but I’m sure as can be of the end result, whatever it may be. New joint venture, renegotiation of contract, takeover, additional loans or sp dilution.
I walk away from the b.b’s. Daily reading other than official rns’s is both distracting but also, worse, destructive. Walking away for the bit is calming. No stress, (no panic Mr Mannering).
I agree with timeisourfriend.
Delays and tweeks are common in a lot of new ventures. Building, a big litigation area where companies build into their contracts unexpected hiccups such as bad weather ect. Other mining, look at Ggp, a decline expected to be finished in record time taking x amount of years.
Look at covid, how many small companies that destroyed due to an unexpected
Event.
Normally this is written into contracts so perhaps that’s where GR fell down and is an area dealt with by a more robust expert. On the other hand you have to take yr hat off to the guy for taking a small amount of time for an enterprise that often takes 12 yrs or so, take some time either side. So definatly someone I would call a ground breaker. On the other hand maybe someone else doing contracts would be more useful to prem. I sold out half my holding but still have the other half which I will hang onto until we know outcomes. I’m torn this could easily go either way. Time wil tell.
Hsbc have posted the opening price. To buy 81 sell 76. That’s a spread which will
Give the mms a good profit if a positive rns does arrive. I like prem but what’s happening with the sp reminds me of something I read about prem. that is a market maker. Many trade this stock. I have to say do research is something I have always done. But the market I find is an entity difficult to read.
Thank you redtrade for your breakdown of Marks visit to fort Rixon, (prem), from stock box. Sounds as though Mark has every stone that can be turned over in his sights. Useful for all of us pi’s. Looking forward to any videos, info on mine plant, interviews. Ect. Hopefully next week will be a good one.
Perhaps the news that stock box filming should hit next week has woken up the market. It certainly would need permission from the company to film. Imv, that’s a positive and may also be seen as such from by the market.
GR is certainly excited and on a high. Nice to see in the video. Thanks for the link. I’m hoping for a slow but steady rise in s.p until first export of Lithium. Then a nice rise when first payment hits the bank.
For anyone familiar with the Lassonde curve we should be well into that in a month or so. After that if prem follows that curve, the upward tajectory is then sharply uphill. So all being well that will be within the next 3-12 months. That’s if If gr is thinking of becoming a producer rather than just an explorer. If that’s the case Then set yr exit price now at what suits you, and sit back and wait for those rns’s.