Ann: 2019 AGM Presentation, page-49

Price has fallen almost 20% since AGM (just last week!)

IMO the hard questions were avoided at the AGM (as always) and shareholders are selling. It appears from the posts that people came away satisfied, but with the price fall and a market cap of ~70m it seems like the market thinks differently.

Mgmt claims of unique IP, equipment worth 50m, multiple gigafactories etc are all seemingly being discounted because mgmt have done nothing to progress anything to show an economic benefit to shareholders.

Can't see any change in the sentiment on the share price unless there is a major injection of funds to progress one or more of these projects....another 10-20m will just be wasted on salaries and consultancy fees within the next 12-18mths....they need 20-100m in funds to start building a mine and/or a factory (although IMO a factory will be a waste of money....sell the equipment, sack the consultants and directors, and spend every cent in Tanzania to show the govt you are serious about building a mine).