once SBC’s remaining 53m units are offloaded, will be good to go hopefully. Their dump on market has kept the sp down. MQ hasn’t sold a single unit from his 40m + soi, nor has Wingfield @Skell sold any of their 200m soi.
Undoubtedly frustrating as it’s been almost an year since Toll treaty was signed with Shibanye, but IDC’s $16m is a really good sign of the times to come. Will test our patience as things linger on with limited cash on hand, but just like they’ve managed to get EA, MR (for both Au & U), SS, DFS & TT, our last hurdle in funding will come through eventually as well. My bias opinion only of course, DYOR. They’ve been in discussions with multiple parties for long, hopefully term sheets announced soon.
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once SBC’s remaining 53m units are offloaded, will be good to go...
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