The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"but no GR pulls another from left field and decided to go it alone, with no proved track record of producing a working mine"
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Not sure they will be looking to set up and run the mine so much as (which, in my view, will ultimately be the situation) prove up the resource and sell it for mega bucks. Keeping as much of it now, makes way more sense. And the 10% dilution (if it ever comes to that), is squat all given the current SP.
Surprised people are worried about this :D
The problem for GR and AP also at VAST, has been that Zimbabwe has not been open for business until recently. Their hands were essentially tied/ cuffed by political issues. That has changed dramatically. EPO is a game changer.
The funding and the interest will be there in enormous amounts and at the right time.
ZULU EPO is potentially the biggest lithium hard rock project/ deposit in the world, considerably bigger than Pilbara and potentially 2, 3 or even 4 times bigger than the utter monster Bacanora.
Then add the GOLD.
Says it all really.
You don't want to give anything away until you have worked out how much you have got --- if people are able to understand this.
ZULU EPO is potentially the biggest lithium hard rock project/ deposit in the world, considerably bigger than Pilbara and potentially 2, 3 or even 4 times bigger than the utter monster Bacanora.
Then add the GOLD.
Says it all really.
You don't want to give anything away until you have worked out how much you have got --- if people are able to understand this.
The SP will be much higher by 14 months but incrementally rising all the way. First though, we will be rising today after yesterday's panic sell off. We have a positive outlook, very positive indeed, with news potentially within the next week, on those offers. All of these further pointing the way to what's to come :-)
From a £40m to £60m maker cap, this route was always the correct one. Getting funds by self financing off 0.05p per share and a £10m market cap would make anyone wince. This is now a different story. We get to keep more until we are ready to negotiate fur more, with upcoming offers (next week), pointing the way furthermore.
We'll be well BLUE on the stock today.
Market Cap £41m. £1m is nothing at all. Even £4m easily manageable. Get the ball rolling, fund out what it's worth before giving some of it away on a JV deal. We've got related proposals being sifted through (including direct funding into DFS and Offtake), which we'll be hearing about in the next week.
Watch as we rise back up.
Am with snowking here. For now, they only need sat £1million to get the ball rolling on the DFS. Even £4million is nothing now, given the market cap. And we get to hear what route and pathway they are looking to take in terms of those offers within perhaps a week.
Sell off over cooked. Should see it start rising again and quickly!
The option described in the RNS will return far greater value, if people BUY and HOLD. With EPO in, massively derisked!
People have been holding this stock for years. Now, a plan to return greater in much less time. 14months to DFS?
Load up and chill!
Headed towards being the very largest in the world and by some magnitude.
Then there's the GOLD.
https://www.mining-technology.com/news/premier-african-minerals-zulu-claims/