Well, if they have funding around the corner the consolidation wouldn't really matter.
On the funding note, I did a little research and found this (old) article showing the lithium opportunities in Zimbabwe,
http://lithium.today/lithium-supply-by-countries/lithium-supply-zimbabwe/
Seems like the best punts for Wimmer to invest in would be ASX : PSC. LON : PREM or ZMDC.
Prem had a recent 12.5% spike just before the wimmer article came out, could've been insiders getting in, although it has since dropped right off (could be because of the high amount of retail shareholders dumping on the chance to get some money back) and it is located in London which Wimmer is aswell. Could be fairly likely the connection was made there. Although It seems they are behind PSC as they (from what i could find - loved to be proven wrong!) havn't completed their DFS yet. I also couldn't find anything about SEZ status which would be extremely attractive for a foreign investor like Wimmer which of course PSC has.
ZMDC s operation looks despair from a fraud accusation on the 21st of May kicking off, it is also wholly owned by the government, although maybe if the government sold it off which Zimbabwe is doing as it needs the cash, it could be a good takeover opportunity.
still think PSC looks the best with the completed DFS and SEZ.
Time will tell I guess, place ya bets.
Cheersz
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9.6¢ |
Change
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Mkt cap ! $54.88M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.4¢ | $147.6K | 1.502M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 9.5¢ |
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Price($) | Vol. | No. |
---|---|---|
9.6¢ | 59999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 0.095 |
2 | 81524 | 0.094 |
2 | 103228 | 0.091 |
3 | 250660 | 0.090 |
1 | 11494 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 59999 | 1 |
0.098 | 20000 | 1 |
0.099 | 75000 | 1 |
0.100 | 294736 | 2 |
0.110 | 196482 | 4 |
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