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I'm surprised it didn't land this week
My previous frustrations over GH are dispelled now MIIF on board. MIIL is defacto ML imo, royalties are agreed and satisfactory by now or MIIF wouldn't have joined.
I'm eager to see procurement announcements from KM and resource increases (in time).
Rubber stamp time is upon us. We're set to procure, have funds, have the build manager, lets go.
Today as funds available. Its a reasoned choice, I try to remain objective / 'dispassionate'.
The unknown is the free carry / royalty. However I happen to believe that it will be reasonable; body language, comments, demeanour, participants, character of those involved. They are all factors. Something like PREM fails many of those hoops for me.
Directors buys, recent MIIF, and obviously ML is about to land, all factor.
Personal logic, other may differ, and thats healthy. Anyone is always is urged to remain with in limits.
The anomaly between the sp and everything else continues
If u believe, all one can do is sit tight and add when u you sensibly can
To think, we never even actually recovered from the BO non event, an anomaly in itself
A strange path we tread indeed.
Wouldn't be surprised that free carry settles at around 8%. Closed negotiations continue, unless its someone at that table no one knows. Our project economics are good enough to carry that, we want to get out the blocks and start ordering long leads ...
Secondly, one for Teddy - I think MIIF are clever and will want to get in just before ML to swerve exactly the rerate you prophesise.
September is and will be exceptionally busy here. gl
I want to say there is an unwarranted disparity in the sp with all our forthcoming news.
However deep down I think the reason for the muted sp could be the risk of dilution from forthcoming MIIF investment. Has anyone a view on this, it's difficult, we're very low already, I would really hope to minimise dilution, but MIIF are entering at a very opportune time ndeed imo, everyone plays their best hand..
Normally we have become rather muted on more conferences, however in line with carps comments below, and noting PLL current campaign which I also think will promote us, personally I'm hopeful its a pre cursor to the significant announcement we now all await
Despite the ongoing small increments of positive events and news here, the SP will not relent, more accurately money stubbornly sits out.
Many others have moved on less, many on ASX. I'm left to think is our time will come
I wouldn't necessarily expect an immediate rerate with the ML (others will differ on that)
I believe the rerate will come post ML with new institutional money, Q4 ish and beyond.
For certain IIs/ funds, no ML is clearly valid bar.
Events in Niger will also be on any sensible persons 'wider radar', however marginal. keep it real regards the part of the world we are in.
Imo PLL right place right time.
In other news, in light Mr Ayisi recent comments and other references I truly believe the ML will be with us soon. All we need now is to sort world macros out (China) and we might make a few quid. To say our road has bumps possibly putting it mildly. Gl
Thats quiet possible, no problem with acknowledging that. TBH I've spent time away from it lately. Worked for me.
FWIW, sold none, dipped in and added a few sub 20 last week, yet always sensible.
All posts should be caveated 'nothing is s dead cert'. gl