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Paul don’t think any of us doubt the potential, PEA assessment and they are one of the most advanced European li projects. However where and how does the funding come? You think pis get a look or just gets placed cheaper?
For me they messed up by not cap raising when we had bcn money forcing m&g hand and others at that point. Instead they've destroyed the sp and the next cap raise is going to be painful. Doesn’t mean it won’t re-rate higher when done but we could have been so much better off ahead of BFS where then got to get financing In for the mine. Next 2 years could be horrid for funding and I think they’ve not done a good enough job. We drastically need a eur chems, autos company support.l ahead of any material finding. If the mine is operational and producing by 26 need that in place to fund well.
What’s the plan, hope they can get away with sneaking into dec and no update? The way they wrote the MOU agreement was like they had found a golden goose. In fact no follow up is just poor, it’s almost a month since that was signed get on with something tangible.
Actually really starting to lose patience here, doesn’t move literally stagnant. As much as being a long term holder and wanting to see this out, at what point is the cash burn and distinct lack of updates too painful? They commenced drilling 5th Sept and updates expected in “coming months” - they really need to get better with communicating.
I appreciate we have to wait for results before shared but surely there should be more going on here? I literally don’t see how they can encourage new money when they can’t even get the stock to move slightly up and sustain it?
It’s dreadful really.
Mr c I enjoyed ganfeng numbers…profit soared by 614%….not hard when buy assets at a fraction their value!
Spot on John, as you said it’s like a tender. I still feel it’s a step to making the company wholly sellable, the bod are just so poor in achieving anything of value.
Those posts last week on “something brewing” because we were up 4% were now below that level!!!
@ Marco sorry think you’ve misread what Iv said, I’m making the point discussions we’re ongoing way before todays announcement and the price as a result is poor. Fully aware this didn’t just happen today. The q is whether institutional involvement is of something deeper and whether you can read anything into the Much smaller but higher price for supplier.
Reality is we are locking this away for a bit but as per their comments, seem to be indicating revenue generation is around the corner. I would assume investor was only bought on with belief that environment agreements will be met…ie they are round corner also to line in with revenue.
At least that’s my interpretation!
This rns has nothing to do with previous delays so I really don’t get why that’s being bought up! It’s only seemingly a complaint now because the sp down. Personally I’m a bit more aggrieved on level, I feel like these discussions would have been going on waiting for recyclus to be announced, and therefore 1.25 discount v 1.5 could have been done 1.5 discount v 1.7.
Think they’ve given shares away too cheaply there that’s what I’m most annoyed on
Seagulls your bang on, the fear of cap raises on every single company on aim because of horrid prices is going to be painful. Really not sure that’s anything has changed to my investment thesis so will just add a little more.
Totally agree with your thesis John, I think this bod is just angling for time as always and doing it all at a snails pace. Which is fine if they think there’s a large recovery coming but the reality is they seem no closer to securing funds and developing.
Are they just putting pieces and agreements in place for someone larger to step in and take out? Seems to me for a while they’ve preferred that route…
Agree think a NA listing is really important here, so glad to see that especially as we didn’t see any benefit from weaker £. Also pleased to see legally trying to see if can recover the option cost, there’s a lot of positive here and it’s moving at a good speed.
It’s a step in right direction but let’s be fair that’s all it is. A positive would be an off take agreement lined up with this as in its current format the underlying issues remains…where is funding coming from and what level?
It’s up 4%….like peeing in the wind.
Agree with ontarget and they stated in interview that had sufficient cash. So don’t see why the need for a capital raise given prices. Seems the standard response on these boards - capital raise needed despite company saying the don’t.
Not sure I agree the statement extraction is years away either, completely at odds with what they’ve said.
Personally think market reaction was wrong, but it shows that even remote misunderstood or let’s say weaker news is taken so badly in these markets. Don’t see that changing anytime soon so pick your investments and add when it feels low, for me I’m going to consider adding here at these levels just trying to see if we’ve got a week of global macro weakness to come as feels it.
I’m actually surprised that if you are a us investor buying a us Based company, drilling $ assets…surely you take advantage of this being listed in ££ and buy a truck load of it?
Ha let’s not get started on the U.K….wonder if imf will bail us out like other emerging markets?!
Bankboy you write like 17.5-22.5 is a good result? That’s terrible the last capital raise was around those numbers. I can’t see anyone being happy with the result.
Once again I’m so surprised by governments….you have China threatening Taiwan, Russia stealing and forcing votes on sovereign territories, further right govt in Sweden now joined by Italy (Mussolini ex party)….
Yet these govts aren’t securing their resources?!
Are they literally just inept and can’t see that globalisation is getting worse not better? Even power being restricted between neighbouring countries in Europe….
Have to hold on here just for that optionality alone.
It’s not pretty reading, but back to being locked away and ignored.