We have both iron ore and bauxite assets which must be of value at today's prices,we ipo on those assets alone no lithium or gold in them days. I'm aware of the capex required to move those assets forward but irr must have been aware also as that's why the company was formed.maybe their going to sit on them and develop in the future when their a cash rich company ???
If investors took the time to read and study the company's RNS over the years ,they'd be well aware where this companies heading too,well planned strategy from Vince and co.
The value of the ewoyaa lithium 14.5 mt has just risen by 42 million dollars due to the lithium price increase,be nice when the assets the company owns are recognised by the market and reflected in the share price,just a matter of time.
There's a plenty of lithium in the world, but where in the world and the quality of it are major factors on the price you can expect to receive and the profit you can expect to make, a resource near port will be far more profitable than one thousands of miles away with average quality.
You'd be crazy to sell when you're the only company drilling for ironridge,and will be well aware of the quality of resources they are finding.there's also more drilling to be done with the existing resources then there's chad to follow.
Vince deserves credit for delivering the resources to market at the right time,just needs to sell or jv the lithium ,and be cashed up to advance the gold with Chad looking like the jewel ,let's see.
RE: Market Makers played the MUGs last night5 Dec 2020 11:39
Disappointing share price after another good RNS, also hold solg thier share price was 10p in march now heading to 40p ,hoping 2021 will see an upturn.