RE: the months ahead23 Jan 2022 10:18
Morning Stew,
My thoughts as of today - please note this is on current sentiment and taking account the constant delays and pi@s poor communication .
I believe we will fail to announce a deal by mid feb ;this in turn will mean we will see another placing ..
( Keep an eye open for those 50k sells at COP ..)
£££ from last one will be running low so
GR will need additional finance to continue exploration works .
I just hope he decides to do it when SP is at peak and not the usual 0.17-0.18
This injection of money will put Prem in a stronger position to continue dialogue, ultimately with a deal being signed by mid March.
I can see us selling around 15% for 10 mill if test results are no better than original scope (just my own opinion before anyone jumps down my throat )
60% will be used to complete works with the remaining amount being used by GR to fulfill his dream - this action IMHO will cause the SP to lose most of the gains .
Hand on my heart I don’t see us hitting that 1p soon..
I see us getting to 0.6 Peak , then he will announce his acquisition of MNH and SP will drop to 0.4 ,over the remainder of the year we could if all being well with rest of exploration push back 0.8 by COP 2022.
We all know Spod prices and all that , but we are only worth what someone is willing to pay.
Above is just what I think , if we get verified result that show high quality , high % then it
Could break that 1p quite easily .
Have fun all , off to Ogmore for a walk !