The chart looks exciting and similar to our story too.
- Ascendant bought a mine from Nystar that they were closing;
-Negotiations began in May 2016 (it didn't require as much refurb work as big red);
-Purchase funding and transaction was completed in Dec '16 where the share price rocketed to $1.70 (this only confirm that big red is still a bit of a secret and severely undervalued in my opinion);
- Mine is currently operating at below optimal efficiency in the start up phase and the price is still sitting at a modest 62c.
I'm confident that future news; offtakes, POZ and ultimately return to production will have our chart popping and re-rating similar to this.
DYOR.
R.
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