focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Well I think that clarifies the matter as far as I am concerned. Thank you very much for the kind explanation!
Zinc will be very much in demand going forward so bring on the mine and let us see a triple digit share price.
Well it is a little embarrassing not to have understood this matter yet having been invested such a long time but there has been some confusion.
From the PEA:
4. Redcorp owns 85% of the Lagoa Salgada Project. Empresa Desenvolvimento Mineiro SA (EDM), a Portuguese State owned company holds 15%, upon which M&FI/Redcorp has a right of first refusal. M&FI agreed to the repurchase of the interest with EDM. The Portuguese government has witheld approval of the transaction. It remains M&FI intention to conclude this repurchase.
Can you explain?
We really need clarification on that 20% of LS.
By my calculations if ASND take themselves up to 80%, we will be left with nothing after all these years.
What a jolly up this would be after all these years!
On a good run at around $3,200/tonne last I looked.
Mine calculations have used a lower figure so the current difference makes the economics at LS even more appealing.
As far as I understand, zinc will be much in demand and the price set to drift higher so at some point I am expecting some fireworks lit under the Mafl price.
When? No idea but one has to be in to win.
Very interesting El.
Imagine if this proves itself and Fdbk is transformed to a covid hot stock.
The overhang from the placing is almost cleared and I fully expect this to shoot up towards double digits. Some more news and it will happen very quick.
A company doesn’t win such large contracts and then sits idle. Very undervalued on revenue basis.
RNS 23 June (placing shares) - 15,679,876 shares.
RNS 28 June - 17,881,891 shares.
Today’s RNS - 20,681,891 shares.
Not rocket science. They’ve been adding on the open market.
Extremely muted response for what WSG has achieved in the two large contracts. It won’t surprise me to see multiples of the current price in due course.
Simply means they’ve been in the market for another 1% since the last notification on the 28th of June which was actually up to the 22nd June as per the date of the threshold crossing.
Buying in the last few days took them to 6.24% and they have added a little today taking them to 6.25% and have now notified the market.
Who can blame them though, two large contracts and more to come I feel.
WSG is a screaming buy down here.