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Once Azule deal completes the underlining value of the company limits the downside risk hugely imo. Low volume drift might occur, but then a Paul M RNS bomb might drop with some special surprises any period now. Another transformative year coming up.
Start of year
2021 ~9p
2022 ~14.5p
2023~25p
2024 ~38p
2025 ~60p+
Finger in the air stuff, it would be embarrassing for the GSE/Government if they allowed listing and then not to Ratify. So both are significant in my mind as the GSE is small and allowing ALL to list therefore Ghanaians to purchase only not to ratify(lose money) won't happen imo.
It’s always concerning when the share price drops in the smallcap space, so many examples of bad news dropping which inhindsight was obvious.l in price action. In the mean time i hope i don’t get margin called :-)
Donmac I’ve been growing mine since 14p :-) in the sector which has negative sentiment, a yield holds structure for the share price. It’s not a tech story. 8p would be a 20% yield, which in turn regulates the Share price to 10-15% yield for a mid cap oiler these days. Shel handing out 4%...
We’re at 19p…Ratifaction and $70-100m Offtake would be massive risk lifted. Since 2017 most people won’t be doing too well at current share price. The company was meant to be fully funded until production. Take nothing for granted until it happens especially in the Junior mining space in Africa. I’d be very disappointed if we’re not in production next year.
I’d snapped your hands off for 160% upside :-) rough market in the Junior space plenty of potential hence my investment but would be leaving a lot of risk not to accept 100%+
I’m of the understanding that the MIIF 20p shares came to market last week, not that they are allowed to sell them for a period of time, so maybe hedging and the ~10million warrants are the churn. If the share price doubles Ghanaian Cedí will get half the amount of shares. That’s my conspiracy theory :) Can only increase demand for the shares.