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I suspect a few will be caught out by the speed of any rise in SP on the whiff of positive news....
Another update from Bolivia must be pretty close....
Mcap still £40M so plenty of scope for the SP to fall much further short term. Placing price will determine how far it falls....
There was so much enthusiasm by the rampers just 3 weeks ago when the SP hit 0.4p. Now a douse of reality and 0.1p fast approaching....
SP is holding up quite well after a very poor RNS....
Fantasy, remember the RNS (13 Feb 24 BEFORE the pump to get the Placing away?!). Hmm, now the end of April......
'The Company can now report that all the other parties in the funding syndicate, have advised they will this month go to their respective committees to approve the proposed transaction.'
The SP is holding up pretty well given we're probably waiting for a couple of months (optimistic?) for GOI post election JV approval.
Number 2 this week, number 1 this year (maybe)
Great price to buy in and won't last....
Yep, tick tock tick tock....
Everyone wants to see GOI approval sooner rather than later. The election is just a (small?) bump in the road imo. The key downside to ongoing delays that may last through the summer and into autumn, apart from the obvious delays in the exploration programme, will be the need for the BoD to raise cash prior to the receipt of the $2.5M. Lets hope that LTHs don't suffer too much dilution.....
Don't know how they will announce the result before the end of the election period I.e. 1 June!
Can buy well below the Placing price of 2p just 3 weeks ago. Pretty tempting risk v reward trade/investment....
You've got to be patient! lol
Yep, as i suspected the GOI approval is going to happen later this year (hopefully!). The £400k loan (11 Mar RNS) is unlikely to be sufficient so expect some dilution further down the line. In the absence of news I can see plenty of red days over the next few weeks and sub 0.1p seems inevitable. GLA
Saudi update next week?
TW is still keen (extract below of recent article)!!
'.....Tulu Kapi, project financial confirmations and launch towards development anticipated by the middle of this year. We are assured that all is on track and we will get that final “funding secured” RNS soon. That will see the shares race ahead as the doomsters are shown to be talking tummy rot. But you are bored with Kefi ( another sign that it is such a STRONG BUY!)' He then went on to 'tip' 3 other gold stocks....
The chances are TK finance will get signed off eventually just not in the timescales put forward by HAA. We all know now that his super optimism recently was to pump the share price to get the Placing away. LTHs fell for the much used tactic again! I suspect we will have a (positive) Saudi update in the next week or two to suggest that the company continues to make progress in both jurisdictions. Rinse and repeat.....
I think most here now recognise that GOI approval is not going to happen until later in the year (hopefully!). More patience required....
BoD silence for over a month! No wonder the share price is now in freefall. Wouldn't be surprised if this was suspended. Folks are getting out with something rather than risk their whole investment imo....