PFS - will it sizzle or will it fizzle?, page-5

@Chimp360

IMO I think it will be a fizzle. Theres a huge amount of expectation built in and I think there's a huge NPV being expected. The stock may have a brief lift but I think it will then be sold off as the market begins to focus on the inevitable short term capital raising.

IMO it won't attract institutional investors. Sure it's another box ticked but there's a long way to go. I also believe the capital structure is already a problem. There's over 1.2 billion shares and options on issue already with a lot of capital yet to be raised. IMO institutions would want to see a consolidation with far less shares on issue because it's a slippery slope down the dilution path and sometimes it's better to take your consolidation medicine early in the project development.

On that issue it's interesting to note how well a smaller Tanzanian Neighbour has traded since they recently went through a consolidation.