RE: Back above 3p soon26 Oct 2020 11:52
Morning Etank - That's always an interesting conundrum and probably one we all think about in most of our investments. i'e why isn't share XYZ higher than it is? My own personal view is that production is a long way off and only then will the true potential be realised. I know it's not fashionable to compare other stocks, but that was exactly what I did when researching here as i've ben a long term holder of HZM. Their assets are probably better than here and much further advanced, so i thought here I was getting in at a decent price.
For the future, yes the TEO, Binding Offtake should provide a spike, but personally I can't see a massive increase in sp until maybe finance is arrange or the 100's of millions of dollars are coming our way. Also remember I have a a very conservative way of looking at future potential, so this is not me being negative, just realistic in my mind. I'll leave it to others with their sp predictions. Incidentally I have nothing against positive sp hopes, as long as posters come up with their reasons. Just saying 'this will be 20p by Christmas' with nothing to bak this up just leads me to ignore them.
We know we have two different goals - I am hoping AH will arrange a buyer sometime next year and I think you're looking more long term. Good luck with that as i goes if we're still here in 3-5 years time, then you could reap a very healthy reward.
I tend to not do share price predictions as there are so many variables here but I do think we've pulled back enough now. If the off taker is Glencore then surely the market will like this?
Anyway, in the true spirit of aim, this will probably start to move back up as expected news becomes more imminent!!
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