From my admittedly limited understanding of Zimbabwean Politics I think its less important which party wins, but more important how the international community views the fairness and legitimacy of the elections.
The British foreign secretary has provided a declaration that if the elections are fair it will allow Zimbabwe to rejoin the commonwealth.
The opinion of the IMF n World Bank is obviously extremely important, as is the US.
Also, I have read just about every news story out there in the past few hours and its pretty clear that certain websites have a strong agenda and bias towards certain parties so id prob take some of the quotes stuff with a grain of salt. You know, fake news and all that.
I cant remember exactly how much cash PSC have but its $20m+ so PSC has an EV < $35m, a large JORC resource, earthworks already begun, offtakes for 70% and a clear intention to use the remaining concentrate to produce Lithium Carbonate, which goes for 20-25x the price of 6% spod.......and the CSIRO in Perth confirmed that they were able to produce 99.98% battery grade lithium carbonate, of which they have 13kg stockpiled, (which is a huge leap from a vial of industrial grade that some of the briners have recently presented).
The downside is getting pretty limited at this price IMO.
From what ive read the election results should be known on the 4th August.
$30m is not a lot for the remaining capex. We're not talking $2B here.
Ok, Fire away Savvy and Ballrash
PSC Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
