Drizzy! IMO nothing has changed from the 8/9p valuation of last week! Yes a report was issued via RNS concluding the true value needed, however our backers will have known that well in advance of Monday. Their package won’t have changed since the news dropped and it’s possibly why thing hve been slow. IMO 10mcap is too low here, yes of course there’s a mountain of debt or costs to overcome but the value of the asset cannot be dismissed. 20p seems a fair value!
River that’s quite interesting! One thing you missed, of law stipulates they start from scratch in a worst case scenario would the Brazilian government be swayed by a large brown envelope from the backers as the financial gains all round would be too great to essentially shut it all down
RE: Investment Strategies La Mancha & Orion22 Feb 2024 13:53
The mark down to 3 Monday was harsh, those backing this project know the true value required for the project and will have for some time. IMO nothing has changed only an RNS telling the minnows like you and I what is needed here.
Not going to change the package needed is it as it will come from Glencore/La Mancha/Orion who already knew well before us!