Patience required.
The share price will trade sideways until the deal with ECE is consummated. The price is being depressed so as Sumich doesnt look like he's sold the farm at a steep discount.
ECE aren't investing 41 million to mothball Machinga or Kanyika. To think otherwise is naive/ignorant/paranoid in the extreme. China only produces 3% of the worlds niobium/tantalum. ECE have the expertise and funding to bring Kanyika online. Projected operating profits are in the vicinity of US150m per annum for Kanyika.
The share price will shine after
1)Blessing of ECEs investment
2)Favorable BFS report
3)Project funding
Lots of upside to come but patience needed.
Great long term hold imho.
January will be good.
lost interest, page-41
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