@ans25 nice research thread mate. good work.
@galaxy1 @apkjm
I think you are both 100% right, and both 12.5% wrong
At our current market capital $23.5m, there is a lot of room to move upward before we arrive at fair value, realizing our fair value for each and collectively our 3 , yes THREE projects.
Until this fair value is realized, each of our projects can and no doubt will contribute to value increases as each progresses.
Noting that fair value will also move upward as developments occur.
So, whilst I agree with each of you, I think something has also been missed by each of you. I do get at what your saying, but think this is a long way down the track, and at a substantially higher price, at which time, there will be a clear leader and preference for the management.
Management Focus:
They have options, and the nice thing about options, is that just having them is of huge benefit to the company and shareholders...plain and very simple!!
Most companies only have one project of average prospectively and hope....We have THREE, already proven of their main category of potential (excludes Lithium in SOP project for now, as this is unproven, yet the SOP is a known, and known with Director first hand knowledge)
As developments occur, they can swappy-changey their focus depending on the needs, expectations, outlook of each project, as information materializes in regard to each of the magnificent THREE, meaning that each project can and in my opinion reach its full potential. The only thing I don't know, is in which order the final steps, for that end game winner (Lithium, OHD, or SOP) will be.
How might each contribute to the appreciation of the SP:
Morabishi:
Camps set up, investigations underway
Sample taken and sent for assay
Previous sample results.
Targeted drilling commences
Drilling Results (ongoing ++)
Resource potential (covering partial District scale of area)
Initial JORC
Staged rights confirmations
Take up of right to earn 100% (26% we have first rights to, after earning our 74% by the staged earn in)
Take-Over
Confirmation of Niobium, Tantalum...and anything else we can extract value from.
SSH Notice
Directors Buying
Early MOU's
CTL (OHD)
PFS for build costs
Further funding news (non-partner...i.e. World Bank/UN or Other like Organisation)
Further funding via partner (JV)
Research Grant Funding
Results from Testing Phase Two. (Monash) - (Many possible aspects of this)
Development commences for 20mtpa trial plant
Income potential numbers from trial plant
Biodiesel Potential
Take-Over
International Licenses Obtained
More - Interest in the process and project from outside, and whether this interest is solicited or unsolicited.
Cheap Coal contracts entered into.
SOP (& potential Lithium Brine)
Award of Licenses applied for x 8
Preliminary Assessment and Field work commences (be very quick progress given great access and location)
Drilling programme (be very quick progress given great access)
Tests for Lithium Content confirmed
Confirmation of shallow potential (SOP and Lithium)
Obtaining of other previous work/information from area.
ANY:
SSH Notice
Directors Buying (soon would be good due to timings of news expected and Christmas Period acts as part of that time)
New Acquisitions
Most of the above news will happen according to normal progress understandings per each project when individually viewed, and when viewed collectively (simultaneously), the news can come very thick and fast, with each piece of news providing a boost....1 Morb news, 2 CTL news, 1 SOP news, 2 SOP news, 1 CTL news, 3 Morb news etc.
IMO we are going to have a year of "2017, A GREENPOWER ENERGY News Feast".
There is nothing cryptic in having THREE projects with each one a potential company maker.
There is nothing cryptic in what is happening to the Share Price or why. (Accumulation due to ALL of the above and potential of ANY ONE of the projects, LET ALONE THREE)
There is nothing cryptic in the volumes being crossed to maintain that accumulation. (months now)...must be getting close to a Catalyst Critical Event Rerate ( A Good CRITCIAL) (CCER)
(You can replace Critical with Crisis ..if you are not in yet) The FOMO will be the Crisis...LOL.
I maintain my view that the above lists can start to kick in at any time, although I do believe we have a strong case to move back towards 4.4 ...and on to 5cents, before this really gets rolling.
Helpful Info
ASX Trading Calendar
ASX Trading Calendar 2017
Please note:
Friday 23 Dec = Early Close (14:00 Sydney Time: 14:10 After Market)
Mon 26 Dec = Closed
Tuesday 27 Dec = Closed
Friday 30 Dec = Early Close (14:00 Sydney Time: 14:10 After Market)
Monday 02 Jan 2017 = Closed
2.6 cents in 2017...yeah right!
Whilst I am upbeat, and confident. DYOR is a must.
