Just stating too align that confident deal will go through, they have stated this through RNS B4, its just that there track record is not good in getting deals over the line that worrys investors, but 4 ironveld at this stage too still be confident suggests too me deal is near and will be signed, construction too production can start soon GLA
The tell tale sign 4 when deal gets signed was the Loan agreement end Dec 21, that loan will see them into early April, so I'm assuming deal if done is very near,
In parallel with Mobility, significant traction and material progress is now being achieved on ATOME's large scale green ammonia and hydrogen projects with further announcements in this regard anticipated to be made as appropriate during the current half year.
Notice M E been with ironveld 4 well over 3 years now, even if deal not quite signed off mayb they will rns too say deal is almost at closure just too reasure investors, again all guess work, still feel M E should have used different wording when 1st announced deal back in October along with interview as saying deal soon,
As I say investors will come in 4 trade leading up too drill, not convinced this will gain same interest as many other oily company's 88 ect because of Paraguay
Align seem confident, I'm sure update coming this week or next, hopefully money recieved, GLA, may see some buying now coming in, asume most nervous investors now sold out,
Agree almost hedged there oil, not reap benefits high oil gas prices, more they can export out better, risk plays big part in valuing company's, still say this is cheap valuation market cap,
Argentina is poorly run country with 52% inflation and rising, IMF has just allowed them default on there loan, massive corruption, not sure many investors want be involved in this country, was always high risk investment 4 PL.
estimated chance of success of 30%, back last year talk of drilling H1 end rainy season, traders move in leading up too drilling, no real update since on this drill, need see clear path too this drill,
Both company's kzg iron due rns let's hope both produce positive news, been terrible ride 4 L T investors, feel 4 both company's make or break year, both on borrowed money stay afloat,