Of course it is L&Q!! Their spokesmen went on record. More worrying is that PSL did not get a quote from their "Partner" in the RNS so these are the only facys. The reason for that is now obvious - PSL has over embelished the importance of this early trial which does not properly reflect the process this Housing Association is currently undertaking. The last RNS is not a reason to invest
RE: Don’t be late to the party24 Oct 2018 09:43
I would agree were it not for managment putting their poor spin on the last RNS news. This leads me to think they are not close at all (certainly the Housing Association ) deal is not near term as L&Q has said as much. And in my view if the Board is so overly keen to paint a positive picture they must be thinking about a fund raise to make up for all the rill out delays. Seen it too many times now.
Good enough for Deutsche Bank, good enough for Edison, but is it good enough for NigWit to call time on the competition...? We might never get out and out confirmation better than this
I'm afraid Latino is right about this one there is no short term revenue prospect from this deal, and being a Housing Association it won't be funding private development costs - the RNS would certainly have said so and I think thie artickes of association would also possibly prevent that type of investment.
RE: Please let us do the security16 Oct 2018 06:00
Hi HB - that's a very interesting article. I stand to be corrected but i seem to recall WSG were looking to recruit French-speakers a whike back weren't they?
Ps. The company has said time and again that there probably won't be any announcement as this wi be prohibited by NDAs. What there will be is revenue in the account, which will ramp up as sales increase. So save any comments for the accounts.
Hi crow2 if some or your output or that of jplay and nockynoo has been removed then i am sure it was for a good reason. I am only suprised there are any comments left in.
Hi ARahim
The cyanide free method has not been commercialised and I think it could only ever work at a very small (artisan) scale. But it did not and does not change the local political resistance to mining which was very strong. The small scale mine was needed to preserve the licence rights but it has no other commercial significance. The ounces are stuck in the ground hence the company looking to new African prospects
ARahim - you have not understood the purpose of the small mining start and the reason Sturec as shelved. It has was never possible to get consent for a commercial mine or even garner a modicum of.local support.for such a project. It is dead duck for ARCM. Go back and see for yourself.
Golddoubloun - For political reasons Sturec is worth virtually zero. I have said this many times so why does not anybody here seem to be able to grasp that simple fact. How long is it since they tried to offload it? They at least did that with the ither assets before focussing on the magic of Sturec. CASA was then ging to be the next Sturec (a company saviour) and so it goes on with fund raises galore. If you want a reason to understand the market reaction then that's it.
Such a simple thing to sort out too, eh Banjo2? I mean its not as if every major economy in the world is affected.... let's blame WSG for world politics. Good grief man.