Funny, was talking to my lebo broker/trader and he was saying after yesterdays price action and candle we are looking at possibly little to no action on the SP for about 5-6months.
Watching the video, we are expected to get mining permits around the end of the year for hopefully a Christmas present, not to mention the EU grant as well.
This means that news flow around the JV is totally discredited (which I hope isnt the case). We have DR going to India in the next couple weeks and hopefully providing a production update that we have been waiting for...
Interesting how a broker who hasn't followed the company and solely looked at TA matched up with some FA newsflow... But I wish he's wrong, and we get some strong movements and offtake news in the immediate terms to get us back above 3c.
Ann: Madagascar Govt sets programme for issue of Mining Permits, page-34
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