Hi Oscar,
Announcement ??? May 2020 is the most likely date management has intimated for the Plant feasibility study, however you can expect slippage of time as the info will need to be assessed prior to release, probably out 2nd or 3rd week in June 2020.
And, as with all the recent releases don't anticipate the share price to rise, few, if any investors will fork out more money to meet the requirements the company needs to raise from SHs to persuade Bankers/ big investors to join the cascading spiral. Cash conservation will become management's priority, will it be too late?
I believe so. Why put money in when all a piranha Coy has to do is keep waiting a while longer in order to BUY - UP the intellectual property of L-max, LoH-max and S-Max and the rest in a fire-sale as Lepidico becomes so desperate for cash just to pay the bills, salaries and the contractors. Namibia will in this scenario have little or no value and fade into oblivion.
AG didn't do too badly after all by selling his position.
In hindsight, would have been nice to take those invitations to gift my holdings to those willing and posting that they would gladly pay 2 to 3 cents per share. Well as they say play the game take the pain.
Very bearish!
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