RE: Looking ahead27 Jun 2021 10:36
imo
Dazaliam has been right on several occaisions , he does some stuff. The licence application he said would take several months but didn't know about the change of government happening so soon. So far he's been about 50% right. The Licence RNS on the 5th of May stated they were finalising the application. Most on here thought this would be in a couple of days but did actually start until the 17th May. I'm not sure once the Licence has been granted where the SP will go. Maybe it will go to 1p-1.5p which will be excellent for me. But many will sell if it gets near to 1p. The company will not like that and may not have any further developments to bring,which will be needed to hold the SP up. They could be staggering this good news until they are actually digging away and extracting the product. From there it will take a good while to become profitable.
My forecast is
.6p once licence is in the hands of the PM; Early July
1.1p once Licence has been granted. Mid-Late August.
.7P once the sellers have dipped out. Mid Sept
Once this happens and the SP may dip lower expect a JV or Merger this one would expect would raise the SP again to it's high again . Not any higher as the JV/Merger company acted once the sellers had played their part in reducing the price for them.