focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Thanks for this MSUK. Also on the yearly chart, the 200DMA is now rising, and the 50 has pretty much flattened out, so dare I say it (probably shouldn't) if this carries on next week, a Golden X could be on. Fingers crossed and all that, for us longies.....
Yes I've been reading them....thank you.
PYC starting to hire additional staff to help manage new contracts is a positive and hopefully paves the way for further expansion....
No-one who was around at the time will forget when the original "personalised medicine RNS" came out and the SP exploded!
"Furthermore, the Board took the decision that, effective from 11 April 2024, the mine will be operated on a care and maintenance basis FOR THE TIME BEING"
and goes on to say:
"Avani Resources Pte Ltd ("Avani"), the Company's largest shareholder, main offtake partner and lender, is currently in discussions with Bens Creek on the terms to provide additional financial support to the Company....."
This is far from over.
GLA
The market doesn't seem to be pricing this to fail.....
Often after this type of RNS, we'd see 50% + drop. Let's see what happens when the dust settles. Their world is going to need steel for the energy transition, Avani know this and so I'd guess will continue to support (rather than shaft).
There's also been a lot of activity on the ASK side today, on Level 2 today. In fact 3 times more than on the BID, so it would seem there will be some upside in this. Fingers crossed (if you're long)
GLA