RE: Down on? Nuffin?13 May 2021 15:21
Glad to see I'm not the only one picking up bargains (hopefully) today. I bagged some profits in CEY the other day above 120p and have stuck them in here today.
No idea on the initial price reaction, I guess a lot might also depend on what's going on in the wider market if there's a meltdown (which I don't expect, yet). But looking into the next 9 months I expect every announcement will result in a step change in the price until we're up and producing:
> EIA
> Mining Licence
> Offtake agreements
> Financing arrangements (whether part of the offtake, placing or financing) (I don't expect much of a placing if any, the 76% equity holders won't want much dilution. But there's only 172m shares right now anyway)
> Construction start
> Production start in 9 months
> and there could even be a rerating of the existing JORC and further exploration...
I mean that's a lot of upcoming newsflow, so I anticipate share price rising (with opportunities) to the end of the year.