Ann: Quarterly Activities Report & Appendix 5B - June 2021 Qtr, page-37

CRs do not wait for appreciated prices.
That chance has passed. We could have looked at that scenario with a pumped price after the SML granting news and raised higher, probably around 17 cents.

It seems that a broker was sold entry at 10 cents, as I see it. Price action has given in to that realisation.

It is extremely frustrating for long term holders to face yet again more waiting period time and realise they could have sold in those two spikes to 13 cents prior earlier this year without exposing themselves to the risk.


The stock is much derisked but negotiations with the Tanzanian government have proven to be extremely slow.
To meet the anticipated timeline outlined in the quarterly is very important. That means a period of 4 to 5 months of ongoing uncertainty for the stock though, so moves up are extremely unlikely now before a CR.
The arrangement for the broker seems to be firmly in place.

Once that is wrapped up and dealt with, the news will flow and the broker will pump the price and offload.

Early next year we should look at a much improved situation in terms of price after
framework details are signed of and offtake details emerge.
Another waiting period, I am afraid.

all IMO