Rise 1/2 the Spread.21 May 2018 18:16
Never knock a rise but lets be clinical.
BA has given very positive news but I was never in doubt it would be.When you look at this excellent RNs it does not differ a lot from other previous ones.The wording with exceptions such as place,percentages and signposting to a map is all virtually similiar.To me the main pleasing point of change is the US$ 800/900 per tonne for Lithium up from the pasts 600$.
Even the 0.00075p (+4.84%) rise is identical, but drifts back within 1/2 weeks. BA is a cracker and does all the work and the reason i knew the news would be excellent is that I have said on many occasions you could not plant a tree without hitting Lithium onthis site.
I have concerns,24/7 with 2 drills in operation is laudable but could have been put in place 12 months earlier,give a month or two either way.The sample going down to 3000 tonnes is most likely but every day that passes means a day closer to the rainy season.I state the quality and quantity as excellent, but they are the norm for this mine.We still remain in the pocket of SR which everything is done to impress.
Other things concern me and I don`t want to be a killjoy believe me I want to make money just the same as all here.
Talk of 0.15p being the bottom makes me cringe, I hope so but have heard figures bantered so often as the bottom it is just silly.BA is busting a gut without little if any support.Weather rarely if ever holds to August.Genuine other corporate
interest is non existant.Proposed processing plant is questionable.I as others know how the Chinese negotiate.
I will stop as it is a good result and will mentally celebrate,but please retain some scepticism.
Don`t forget the gold and no replacment for Newcrest as yet.
GLA.