thanks for the chart Geobrand2, seems to be in the skinny end of the triangle, really not sure who is selling but seems very very similar to the trading in August before SP took off.
news flow in the near future should help to rerate MZI, personally am amazed at current SP though.
off take agreements should be signed off on soon and per recent announcements due diligence by consultants for the 2 banks mentioned should be completed.
matter of banks looking over their consultants work and finance should be tucked away in 2-3 weeks time?
regarding the 2 banks, obviously it would be nice if the aussie bank was one of the big four, but re South African bank, Base Resources also listed on the ASX, recently arranged project financing for US$170 million through Nedbank, so there is a possibility this could be the South African bank. article here, one of the four big South African banks.
imho, time for accumulation games fast coming to an end!
all my opinion and as always, DYOR!
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