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09:49
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Originally posted by Therookie88:
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@liquid111 you mis understood me.. the DFS itself is a great milestone and I hope the price rises instantly but i won't be suprised if it doesn't, at the very least hoping for a bit of interest and some more liquidity... the DFS is a pre cursor for binding offtakes and finance.. TMT have made it no secret they are looking for a partner to help fund the project, to me once the DFS is ticked off then we will see the real action, look at WKT for a recent example, they released a DFS shareprice @ 13.5 and didn't move on the annoucment.. within a month they signed two binding offtakes shareprice ran to 45 cents...
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AJM was similar I think. DFS didn't really shift price at all in the low/mid teens for Pilgangoora, but the BOA and financing news lit a match under it.
