RE: Updates17 Jan 2023 11:21
We don't know the final outcome here yet so we shouldn't prejudge ....
We know the buyer had completed their due diligence and from the RNS assume happy to progress,
We saw the company was getting on with the day job, buying more plant and machinery,
We saw they built three more wash plants,
We say they were applying for more licences,
We saw they had an option over nine more mine areas that the company took a two-year option over,
We saw that the company was going to install a massive dragline Crain to increase output and have green credentials to boot.
We saw that the company was approached from outside to see if it wanted to sell some of its assets,
There were so many good points for investing in this company at the time,
Only Putin and his war machine have put a spanner in the works....
We have been informed that the prospective buyer is from a BRICS country,
The company is not under any sanctions presently, and why should it,
The Directors and senior staff own 20% of the company,
We will have to see what pans out in the future before we can say anything negative about the company,
Currently, the company operates in the wrong place .... And this is due only to Putin and his war machine,
Back to hindsight, and if only I had sold at 35 - 40p
But with the talk of EUA v2 and future dividends, our hearts overruled our heads....
The traders have won so far,
The investors, NOT so much,
Still holding, but think greed may have played a part here!
Good luck everyone,
Can only blame Putin, or yourself if greedy,
Or both in my case :-)
Good Health everyone,
Cheers.