I disagree; the PPSA isn't just a formality. It's a major regulatory hurdle that could fundamentally affect the project's estimated value. I recall reading several articles earlier this year suggesting that the Zimbabwean government could end up with 60% of the output or revenue once production begins. If this percentage increases, it could significantly impact earnings and overall profitability. There's no doubt that signing the PPSA will substantially de-risk Invictus and we could see a significant re-rating as risk-averse investors jump back in. However, my point is that it is far more than just a formality.
I suspect the 35 pension funds behind Mangwana Capital will need to see the PPSA completed before we see any investment from private equity.
I was still buying last week, but I think I've hit my threshold until I see some meaningful progress from the company to take this project going forward, been a minute since we've had any news.
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Last
7.1¢ |
Change
0.002(2.90%) |
Mkt cap ! $107.6M |
Open | High | Low | Value | Volume |
7.0¢ | 7.1¢ | 7.0¢ | $65.34K | 925.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 316370 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 543581 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 316370 | 0.070 |
3 | 36100 | 0.069 |
3 | 116800 | 0.068 |
5 | 247731 | 0.067 |
3 | 302857 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 543581 | 5 |
0.073 | 558900 | 5 |
0.074 | 351688 | 4 |
0.075 | 203333 | 2 |
0.078 | 115267 | 1 |
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