Boris Johnson eluded to this when he said there are some advantages to a dictatorship !
Also, is it just me or is the level of adverts on this site driving you crazy !!
Similar story for me, I sold down just over half my holding at around 85p to buy a car (not an EV). And since then its just wallowed in nothingness. Trouble is with the CEZ holding would the Chinese want to buy this ?
I'm no expert in Mexican law but if there is any justice system operating the case is pretty strong in Ganfengs favour, and given the massive experience Chinese mineral companies are in dealing with these sorts of thing, I am sure they will fix it. After all in Africa, Chinese mining companies have to deal with super-corrupt governments that can turn on a Dime. They usually build a school or a nice Road to get around issues !
I could see this situation developing months ago. Mexico is practically a failed state with gun and drug violence etc and the govt is acting rather like the govt of a dictatorship in having a knee jerk reaction to foreign entities taking mineral resources from them. The only fix I see is some brown paper envelopes to various people in the Mexican govt. This is the norm in these banana republics.
To look at this share you not only need Rose tinted but also malt whisky scented glasses !
"Can't believe the market doesn't react to all the positivity and shouts of riches to come when apparently according to some it reacts to any perceived negativity in the form of facts is expressed 🤯" --- Very true but the 'crew' keep on with the evangelism !
They (Putin & The Chinese) all laugh at how we get better by the day at tying ourselves in nots with bureaucracy and democracy the EU are masters at the former and the UK are masters at the latter. Whenever we try to do anything teh well-educated wokeists come out of the woodwork and throw in the spanner.
Bannor - I would slightly re-word your post like this "Sonora could've been producing years ago if Secker hadn't been bought"......
EV - if you are saying Sonora will be nationalised will this not mean our stake in the JV is gone too ?
All mining stocks are in the toilet at present due to the Chinese economy being sickly. Fact is many people saw this coming years ago. Saw a documentary about how the wealthy Chinese were desperate to invest in something so they invested in thousands of high-end apartments in hundreds or thousands of high rise blocks. These have all sat there for 3 years with maybe a couple of % occupancy and now everyone has realised their half million dollar ap#partments are not worth much cus nobody can buy them !
Ive said this about the ill fated BCN and KDNC and I'll say it again here, why do people keep banging on about Tesla when there are plenty of other Li users. Who cares if the Germans scupper the Tesla project -- I dont!
Oldbut - Very true mate. Its been a horrible 18 months for everything and now the Chinese economy is faltering mineral co's are also catching colds. Like you I have the advantage of 'time in the market' . But I would hate to think of the situation some folks are in that invested say late 2021, and I think I have a friend that put his SIPP into one of HLs fixed investments around that time and now cant retire for a bit longer.
I think even the Kazakhstan people dont fall for Putins bullshine !
Well I'm taking a screenshot of the chat today as I'm having a bet with myself it will be 95% similar in 5 years time !
Im not sayin nothin just resorting to hope !
Bannor - be careful you sound a bit negative here this is not allowed !
Degsie - I know I broke the golden rule of never saying anything negative but do YOU honestly believe in this idiot of a CEO we have ? Look at another company he is involved with UKOG and see whats happening there. If I was 20% down on this share I would be out like a shot but it keeps dropping like a rock and people like you keep scalding anyone that bad-mouths it and accusing us of just being no shareholders. And we still have the 'Crew' posting 'Strong Buy' wake up !
Degsie - are you a shareholder because I sure am ! Thats why I am so angry with this carp havent you figured yet !
I'm amazed this hasnt had a name change and a share consolidation say 100:1 yet. This is what dog-dirt AIM companies like this usually do....
"Lithium IS THE happening thing make no mistake about it." - Funny we thought this 8 years ago and still go on thinking it !