Personally I am expecting we shall see the following:
Institutional Investor buy in (there are II’s holding here already) before funding of demonstration plant
Funding for Demonstration plant (not expecting dilution on this)
Contracts and construction of plant 2Q18
Offtake agreements, if not already announced as part of funding for demonstration plant
Updates on construction milestones.
There are a couple of broker notes worth reading. Based on the demo plant they have targets of 56pps to 63pps, which is a minimum of a bag. But that overlooks a pertinent point. Getting in at this price means more shares for the eventual exit which will be way higher than that one bag, getting in now willl double my profits at the eventual exit price over getting in once it has bagged as I will have double the number of shares.
This one is a no brainer, resource is there, easy extraction, world class management (done it before many times, including 100 baggers), guaranteed market, premium product, I could go one and on.
But given news will start soon, I am expecting some good things starting here….
Best time to get in is when it is well under the radar
SO4 Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
