History Awaits.....26 Aug 2024 07:41
Friday's sp action just goes to show that anything can happen in the stock market.
This is just an example now, and I know it has nothing to do with the sector we are in , and I am in NO way saying this is going to happen here, but I am just showing that mad increases do happen on the stock market. I remember reading of the biggest percentage move I know back in 2011 by Gateway Industries that went up well over 20,000% in a day....and that move was based on the reputation of the billionaire businessman involved.
A positive EWT result here, based on solid facts could be a massive white swan event for Tanzania, and it must garner world-wide news if it turns out to be a historical find, which makes us THE largest helium source globally.
Tanzania may not be the richest country in the world, but it is very much up and coming with China remaining one of leading sources of foreign direct investment (FDI) in Tanzania, which significantly contributes to the country's development. Tanzania is one of the most preferred countries when it comes to foreign investment and the most politically stable in east africa, a country with a resilient economy and a climbing GDP.
The Ritz-Carlton will soon be in Tanzania, you don't get world renowned, hotel brand positioning like that if you have a failing tourism destination. Tanzania will make history by being the first sub-saharan african country to introduce the Ritz-Carlton.
Remember just in February HE1 this year went up over 1,000% within 3 days on news that wouldn't hold a candle to the news we are now expecting.
Our sp is now 1.7ish, if it were to move to say 6-10p on great news, could we be on the verge of making our own AIM history?
Lets see.
Good luck. 👍
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