Mr Math - This of course depends on when you call early 2021. Do not forget the CEO has a stretch target to get first production by Mid March 2021. It could be argued that this is early 2021. Of course if it starts to look like the stretch target will be beaten then the sp would probably go up sooner than some people may think. I personally think the £1 share will be met sometime in the next three years.
When we have the next update I would expect to hear something about the commitment letters and whether they ahve gone out. If there is no positive news on stage 2 then there is a risk of an adverse market reaction. However that does not mean that any positive news about stage 2 would lead to an increase in share price.
RE: where there's a"will"there's a way13 Jun 2018 13:20
Roulette - Politics the mine is in the North East which has a number of Labour strongholds so if they can be seen to help regenearate the area they may pick up some seats at the next election. What is more they would be able to do so without having to actually spend any money on regenerating the area.
Can anyone going to the AGM please ask if it is not entioned what does the BoD see as the mid term strategic outlook for the company and what are the main strategic risks to this.
I note that they had 700 visitors to thi weeks events. So there is clearly a ready pool of candidates for jobs in the area wihtout looking further afield.
Krispy - Thank you for this and please accept my sincere apologies for the delay in getting back to you but I have been tied up, not litterally, wiht other not tstr matters.
HMG are playing to spend money on making a loan to build a nuclear plant. That being the case due to the regenearaton benefits of SXX can a case not be made for HMG to make a direct investment/loan to build the mine. The benefits to the exchequer would seem to be better than with a nuclear plant.