Bj82,
Unfortunately, until we see positive movement in regards to the DFS or settlement, then the share price isn't going to dramatically improve. The company has let us down, I dare say once again, by another missed deadlines. It might be out of their control but it would have been nice to read something official rather than seeing another one pass by without word.
My point of my post was to back up The Boy Wonder's post regarding several jigsaw pieces with actual numbers. I am not trying to make a fairy tale, those days are gone. However, given this is sitting at 2.3 cents or $20 million fully diluted (if it ever eventuates), then surely it must be a buy.
Remember, SPM paid $40 million at a fire sale for the original assets, the plant has then be refurbished and Wanguo agreements signed, etc.
The current price is nonsensical and there will be no doubt buyers placing bids up on Monday, especially given the uptick in metal prices. Even if settlement does not happen (and I have no idea either way), CSD is dirt cheap.
I'm still holding onto what I can see as huge potential if they can pull it all together. Yes, I'm annoyed but I still think CSD is the best chance to seeing tin produced on the ASX. In fact, we are actually already doing so, just in limited amounts. Lol
If they can get the SPM assets, then it will be a powerhouse mid tier producer... IF.
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