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I’ve just been on the advfn board and wow, even worse than here haha.
BH26 - I definitely agree with you and that is one of the main risk factors in my mind. However, the issue before was primarily around the potentially callous upending of the locals which resulted in the protests. Now it seems, at least to some extent, those issues are beginning to get resolved and the sentiment of the population is softening.
Let’s hope so anyway
Professional - yeah I get it: milk the isa pumps, short for the raise and then buy in after perhaps.
I lack your timings and trading skills though it seems so as a hobbyist investor I’ll just let this one ride, no biggie.
One day our interests may all be aligned and we can ride off into the AIM sunset with our riches lol
You’ve changed your tune Lee Matt (which is fair enough)
‘I can see this 5 bagging by end of April,
15p+ is a real possibility.
Brad has played a blinder with this. bought in heavily today - average at 4p’
It’s always next week this, next week that with this stock.
In the meantime it continues to slide. As the RNSs have stated, any JV is conditional on the results of the EWT which is not until Q3
I’ll look to get back in closer to then
I think it’s fundamentally simple.
Things are looking promising but there is of course risk from various angles. For me, that risk is outweighed by the potential for massive upside, hence I have made my bets.
We can talk for days on end about what the SP will do and some will get in at better prices than others but if we do get approval then none of that will matter. If the outcome is negative then it won’t be ideal for anyone haha.
We just need to wait
Knowing my luck, if I sell in order to take advantage of the expected discount the approval will arrive and SP soar haha. So I just keep some dry powder to buy if appropriate at that time.
The current spread also doesn’t help grease the wheels
To be clear, I’m not overly worried and as others have said as long as the raises are being put to good use then excellent.
Are people assuming that the raise would come after the next set of results and news flow I.e may/july ish?