Member Info for hazrat

I agree. Amazing how often these anomalies turn out to be from a thin scattering of resource that is no use to anyone. Production is far more important than this news at the moment. Lots in the news about a growing clamp down on child labour in rare earths / cobalt production which is good news. Both because it is morally right and also because will increase competitor production costs.

Fairly small trades having big impact on SP. All I can think of is earn out shares being sold which is creating downward pressure. Could also be general fear over debt in the UK with Brexit reducing demand. No bads news available that I have seen to justify the drop.

AGM Tuesday might prompt some news

SA law changes to ownership structures.

Didn't say i had traded on the news, merely gave an opinion for the drop.

In fact, submission won't be made until H2 17. Therefore, sales unlikely until 2018 depending on how long approval takes and if further testing is required. Good news for those with patience but i am not shocked by the drop.

Probably on the way down because sales not forecast to start until second part of the year. Other places to put money until then.

I disagree. Management just don't have anything to report at the moment. Fund raising had reduced risk, takes time to make the deals and develop the products.

So what is the implication - that if the shares are going to be listed, then the deal must be about to be approved?

I have seen it mentioned that this indicates that the deal is about to be approved and I hope it will be but I can't find any hard evidence that this is the case. Other than that, why would that information drive the SP up?

Only my opinion but the share price dropped sharply when the company announced a few days ago that it only has until end of this month to close the deal and if not, it will have to repay the Chinese 3m, money it does not have. There is therefore, a risk of insolvency. People are now buying the share in the hope that the deal does go through, the company is saved and the share price rockets. The Chinese might not force the company into administration if there is no deal of course, but it is a risk. It all hangs on the Kaz Government granting approval for the deal. The Government had a good relationship with the previous CEO, I have no idea what they think of the new guys and the change in management could be part of the problem. This is purely speculation but I can't think of any other reason at the moment.