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Talk about 'act in haste / regret at leisure' - the Govt. (following the Treasury 'mandarins' who have little, if any business experience and with their eye solely on the opinion polls) are beginning to see the folly in self - preservation, at all costs.
They'll have to quickly recognise their mistake in expecting businesses to invest in anything worthwhile in the NS suffering a 75% tax rate as 90% odd allowances as an offsetting sop just won't cut it. Would that just a few MPs had a modicum of business nous in putting the Country first rather than their own employment.
Rishi Sunak and Jeremy Hunt, both with business backgrounds, know the score here and shouldn't have succumbed to the short term political expedience in all this, having now seriously compromised the appeal of investing further in the UK's domestic energy production in doing so - ergo, shame on them - sasa.
Quite so, Theorist - most seasoned investors, through experience, endorse the old mkt saying that 'the short term trader is a long term loser' and I can't recall even one 'successful trader' who really made it, big time, either....
The dealers / MMs love 'em, though, given the plethora of turns / comms they generate from them - sasa.
Echo that sentiment, Gazzleberry - a well researched / informed, 'no nonsense' poster is TDT and although I gave up on this one myself a while ago now, it's good to see quality appreciated and such views shared amongst all...
ATB guys with greater patience than I had, despite 12 years hoping, too! - sasa.
No wonder Joe Public has near contempt for politicians; 'sound bites' are the clarion call to pander to the 'financially unwashed', I'm afraid - agree with your comment both before and after, NewK, if Labour gets in next time .
Such uncertainty engendered in the interim doesn't help sentiment surrounding the likes of Serica one jot, of course! - sasa.
Hi TDT - Well, Askari hasn't got the financial muscle on its own as far as I can see, still less the expertise / general knowledge of the area, any infrastructure, a producing tin mine already to subsidise their forthcoming Lithium production shortly, unlike AV and his team who have all that to hand, so why are they there and why now?
One can only conclude that Huayou Cobalt's 10% interest in a 'tiddler' there, is more like a 'scouting party' party for them, as you surmise; they certainly have the experience in rapidly bringing such projects like ours to fruition and the fire power, of course, should they choose to table an offer for AV to consider.
Given he's always been keen to develop Andrada's valuable assets there himself (with so much more to be discovered, too) any offer would have to be a very good one to gain his agreement and moreover, a recommendation to his shareholders to accept it, etc., to stifle any competition for us.
How much? No idea but substantially higher than today's valuation, that's for sure! That's just my view and all should DYOR, of course - sasa.
Useful stockhead article there, TDT, on Australia's growing interest in Namibia - thanks ...
Perhaps more pertinent for us, is Askari's recent acquisition of two EPL areas right next door to Andrada's prolific activity at the Uis tin mine and Spodumene hill where the Chinese group, Huayou Cobalt, has a 10% odd holding in Askari.
Should any implications be drawn from that, I wonder?
Interesting for me, anyway - sasa.
I don't generally highlight alternative stocks on resident boards, so I'll just conclude the O/T by saying that Andrada has impressive management (which we're not used to here, of late) a massive 'in ground' asset value, with cash of some $10m now in hand and, according to the CEO, more than a dozen 'interested parties' keen to get involved with them which Barclays are advising them on - details of the best offer(s) are expected in this Q3, as mentioned.
A potential 'multi bagger' in the making, imv and I'll say no more - sasa.
Hi NewK - me, too (moving my Serica divd money elsewhere) now...
I favour tech metal miners at this stage, fwiw (Lithium, Tin, Tantalum, etc.,) as the EV / battery demand / storage required for the green revolution, etc., gathers pace and especially so Andrada Mining (ATM) in this regard, having particularly big deposits of Lithium in Namibia being rapidly developed. Important partnering news due in this Q3 - well worth a look...
Just thought I'd mention it, for those not inclined to add to Serica any more - sasa.
What is brewing, toptiger, is growing hopes of a positive statement(s) in this Q3 from AV post the innovative, non - dilutive (for now, anyway) £10m odd fund raise via unquoted bonds to existing major backers behind Andrada, putting the co in a much stronger position to get the best terms from the many 'interested parties' keen to get involved with us.
Moreover, the extra cash now speeds up their development requirements to get the lithium into production, asap and if AV delivers again shortly, as hoped, I can see the sp breaching its 'high' of 9.5p very quickly and then some, especially if the momentum traders get involved here, too.
Just my take, fwiw, short term - sasa.
A good post, surprised but I think you're being too charitable about our politicians; I'd say that the lot we have nowadays are both incompetent and disingenuous. It seems to me that they're solely interested in 'sound bites' to further their careers; get noticed and you'll possibly gain ministerial office / hopefully stay in power or get into government to boost salaries.
Every five years or so, they have to 'hold their breath' and many would be unemployable, outside of favours, if they lose their seat, given the lack of experience of the real world outside - sasa.