Today14 Jul 2021 15:38
IMO, SP gone down in last few days primarily because:
1. South Africa riots.
However, Phalaborwa is not a city. Therefore, IMO, I do not think it is affected by the riots and violence which I expect to be managed by the SA government very soon. This has taken off 10%. Just like how the riots have affected SLP and THS.
https://en.wikipedia.org/wiki/Phalaborwa
2. Markets have been volatile last few days.
3. George's journey to Burundi.
IMO, it would be premature to release any preliminary info on agreements prior to lawyers reviewing details on both sides. So, instead of guessing that the "quietness" means no deal, I am of the view that both parties could be in drafting of final terms and getting it reviewed by solicitors.
Of course, I may be wrong. If so, SP essentially reflects operations without Burundi at present prices.
However, if I am right, the SP could jump to 18-20p?
This was priced at around c14.5p-15p at the time George went to Burundi.