Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Who honestly thought we would still be waiting for approval for ep145 farmout?
GRV far too liberal with the word imminently bureaucracy has two speeds, slower and slowest can easily see this dragging on all year with the environmental approval too. It certainly won’t all be wrapped up in April. As March approaches there are red flags regarding the status of the JV which can be dissolved by either party after 31/3 and funding for Mosman. Lets not ep155 was supposed to be at the production stage this April thats not turned out to be the case for Georgina. The latest jam tomorrow statement has certainly expired.
If it gets too close to the deadline there will be a big collapse in share price. The next two maybe three weeks are crucial. Another extension will hit hard as mosman will be looking for funds again early Q2. The word imminent was used a month ago now by GRV soon it will just look like the classic jam tomorrow mosman linked statement.
28m is a buy
Greenvale a bit tool liberal with the word imminently on 23 January. Looking like its anything but. another month and Mosman could be shaking the begging bowl again.
Extra c£1m per annum gross
Greenvale liberal with the definition of imminent and the spectre of the confetti canon firing before 31/3 as the SP will implode if no approval prior to deadline. Approval could drop tomorrow but the longer these thing drag on the less the likelihood of a positive outcome.
Greenvale website in about 3 hours
Undoubtedly lots of off book action going on
24 jan greenvale stated government approval imminent big volume PM and a 150m buy today. Anticipation growing of news
I hope the placing beneficiaries and the institutional sellers are keeping up with TR1s i suspect some are overdue
Can’t dry up liquidity too much but maybe small limits on the discount to current market price and short lock ins. Possibly a mandatory percentage of discount stock to current holders.
75 million shares
Placees dumping by the billion for the percentage one has to bare in mind that technically another placing could come before JV approval its just such easy money. MSMN board are in the most utopic position with zero responsibility or accountability to anyone. Greenvale are bringing up the baby so its party time for AC and the team.
Keep an eye Greenvale website JV approval imminent.
FCA totally impotent or even complicit so AC really will not be worried about complaints he is too busy enjoying himself. Greenvale are doing all the work and Mosman are the embarrassing passengers
News of JV Approval will drop sometime in the next 2 hours AUS time no need to wait for mosman at 7am. If not same time tomorrow and so on
10-12 weeks before the next discounted placing so theres a spike in there somewhere
Not wise to purchase above placing price especially when events point to JV approval not being as straight forward and imminent as has been implied a couple of quiet weeks and this hits new all time lows
Placing wins, which brings the JV into question. Is it really that cut and dried? Do Greenvale even have the money to meet the obligations stated in the agreement. Greenvale is hardly a mining behemoth after all. 3 poor RNSs in a row now and sentiment at an all time low.
Problem is everyone knows the modus operandi here
Two horse race to the post between a heavily discounted raise and JV approval confirmation. Pretty underwhelming RNS. One would hope JV approval is imminent but is anything that cut and dried with Mosman? Buying pressure has dropped and its heading into bear country.