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09/08/19
09:49
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Originally posted by Therookie88:
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@liquid111 you mis understood me.. the DFS itself is a great milestone and I hope the price rises instantly but i won't be suprised if it doesn't, at the very least hoping for a bit of interest and some more liquidity... the DFS is a pre cursor for binding offtakes and finance.. TMT have made it no secret they are looking for a partner to help fund the project, to me once the DFS is ticked off then we will see the real action, look at WKT for a recent example, they released a DFS shareprice @ 13.5 and didn't move on the annoucment.. within a month they signed two binding offtakes shareprice ran to 45 cents... PLS did something similar off memory also. I expect CNMC to show there hand shorty after the DFS as there MOU deadline is fast approaching, then we may see FOMO affectand others enter the ring... remember we will stand alone and be the only greenfield PURE play resource with a DFS anywhere on the globe and will be for some time. tell me who else has a better chance?
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AJM was similar I think. DFS didn't really shift price at all in the low/mid teens for Pilgangoora, but the BOA and financing news lit a match under it.