Thoughts on this please. The way I see it, at the moment the share price reflects the fact that the mining concession is in the bag. That still could be wrong but let’s face it most people would believe at this point that it’s a done deal. So when it is rubber stamped why would the share price go significantly higher? Nothing changes, still years off production, just a rubber stamp that is at this stage expected. And they still have to capital raise and dilute. My tip is, and I seriously hope I’m the idiot, is that the sp will jump a little but not a lot. If people and institutions really think the stamp is going to make that much difference wouldn’t they be snapping up shares now, it being we all think a pretty safe bet? I think a dollar would be optimistic. Like to hear others thoughts and good luck to all long sufferers. I’ll be more than happy to call myself an idiot.
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Price($) | Vol. | No. |
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