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I was watching Tern when people got frustrated and sold it down to 2.5p, since then it’s hit 27p. Maybe those poor souls should have held on. I never thought they would hit 27p and be worth 60 million.
Just wait for the end result. Maybe bumpy ride till them, but it will happen. I’ve seen Tern get dumped all the way from 8p to 2.5p only for it to quadruple on a killer announcement. You just never know when it will happen. My guess is by end of June.
Until mafl tell the market their financial arrangements with THC for funding the drills, market will value LS at cost. I’m hoping they pop the answer before the sale. Worse case it will come out when sold. Time wise 2-3 months my gut feeling.
https://www.google.co.uk/amp/business.financialpost.com/commodities/mining/apple-deal-to-buy-cobalt-directly-from-miners-could-provide-path-for-struggling-canadian-companies/amp Apple deal to buy cobalt directly from miners could provide path for struggling Canadian companies
Think they’ve bought shares in both companies as they are trading lower with plenty upside. Imperial metals is from BC, where JV comes from. Same policy as with glencore and cap energy. Buy low sell high.
I see some people are still negative on the prospects here. If that is the case please sell and move on. Those who have belief in the management, who have so far delivered a report that shows the huge potential of the 3rd biggest mine in Portugal, are prepared to wait for the end game. It could be a sale of asset or shareholding in the mining company. In either case they are increasing the value of mafl as a finance company.