Don't wish to irritate anybody, but if you're talking to, and presumably wanting to be understood by, everybody, including the relatively inexperienced (and I doubt I'm the only such person on here), then perhaps it's best to communicate in plain language, rather than one containing references foreign to some of your readers. Only trying to help, no offence intended..
Is it not possible that LC has been told that the Tz Gov is happy to sign/grant the PPA/ SML and he's said "Jolly good, chaps, but can you just hang on to 'em a bit till our AGM and I can announce it that morning and bask in the glory when I'm centre stage in front of my delirious fans. If it's not done and dusted by then I think he will be expecting some serious, and justified, agro which I'm sure even he, with his rhino thick skin, would rather not face.
Hot Copper is worth a look this morning as there's a link by Fishinnick to an article about a new assay method which delivers results in minutes and with the capacity to do 50,000 assays a month. The problem for MOD/MTR tho', is that the facility is in Australia, but with plans to take it to Africa. Perhaps 1 of our more knowledgeable readers will have an idea about whether the facility will be any use to us.
Despite Bonkers' response to a post I made this morning, it seems to me that the market has seen this improved resource figure merely as an incremental move in the right direction, more consolidation rather than anything to celebrate with a significant rise in the SP. This resource upgrade has been talked about and expected for weeks and played its part in the sp rise to where we are now. It's helped us hold onto our current price in a falling market today, but to take us up to the next rung on the ladder we need some exciting "new" news. I don't doubt it will come soon, just not today.
RE: The goal post just got shifted02 Jul 2018 07:07
Potential investors here will have to be more impressed than those down under, (if we're going to hit 3p) where MOD is currently up only 3.5%. I'd have thought the news would have been better received, - I suppose they want new discoveries rather than more news on the "old" one.
Could be the discount to NAV the blog's been telling everybody about for ages, plus the fact that the time horizon has shortened (we think/hope) to make it interesting enough for a lot more folks. I'm not that bothered what "it" is as long as there's substance to it and it's not just another flash in the pan.
My question was more rhetorical really. I know there's no answer on account of there are no answers about any of the remaining questions (or you could use the word "deliverables"), just endless speculation, all nicely presented with a delightful rose coloured tint.
I would think those are buys as I've just tried a dummy sale and was only offered 2.85 as opposed to 2.82 ish earlier this morning. Still, we're hanging on to yesterday's gains so could finish up again by 4.30pm