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16/07/19
19:13
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Originally posted by ericson:
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I agree . The market want something and it is more than words . But what exactly ? NF (as I’ve always said) is handling this very well and is far far better than he’s given credit. The teams and personnel he is on boarding are first rate. Now I see he’s in Frankfurt and read also that includes Switzerland of all places - glencore has Swiss base but is that the reason ? Again (as said many times before) NF laid back presentation style belies a steely determination and cunning that a few are know starting to twig . He’s dewatering the pit ; Jorced up a massive resource; got the metallurgy underway months ago; built a great team; turned dignificant holders into strategic partners and know is on way to dfs done by highly reputable engineers . He can’t control the sp but he is doing everything he can to make its final value as big as possible for us all . So back to question . Why market not buying ?
It’s not entirely clear but I agree that these interviews are a must NF and all around the world to keep the profile growing . Europe is a hotbed but I’d also include a trip to Saudi from a finance with profile perspective .. at least reach out to see if there is interest in the middle easy . They are great financiers if they start to believe in something .
So IMHO lack of general market buying :
1. Lithium prices down with sentiment
2. Chinese influence perceived as too great
3. No western backing or investor
4. Drc seen as too many negatives
5. Not listed on Lse (London time zone)
6. Transport and power require 165m
7. 60-65% ownership only
8. Having to deal with Drc government snd officials and comminiere and dathomir for rest of prospect ownership
9. Price manipulation to stop any surges in sentiment building
10. Fear that avz May run out of money
And so on ...
That’s the list that needs working on .
It’s a waiting game , be patient .
AIMHO , DYOR
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11. Your mate NF not meeting any forecast deadlines in a torturously slow state of progress. - when the market was interested, ML was touting 2019 production, but now production is some time in the distant future. So the market says, nothing to see here, I'll go and make money where I get more certainty