re: what will july bring? Geez I was close with my June predictions - didn't see 4C & Chemaf coming for some reason.
With LME copper inventories now under 30k tonnes and dropping fast & the spot price over 166c/lb there must be a change of sentiment for this stock with the first positive announcement made by BT. These could be:
PROBABILITIES:
1) Confirmation that the second ballmill At Dikulushi came online in June and that they're now processing 540,000tpa of ore thru the two ballmills.
2) Dismissal of the Chemaf legal action regarding the Mutoshi JV.
3) Additional debt finance of $10mil thru RMB.
4) Update on progress of the Kulu project that should be in production by September.
5) Drilling results from both Kinsevere & their Mutoshi cobalt project.
6) Quarterly report stating that delivered copper was 7 mil lbs & 350K ozs of silver for the June qtr.
7) Names of the two new Resident Managers appointed to Dikulushi & the Kulu projects.
POSSIBILITIES:
1) Confirmation that the Aust Federal Police are satisfied that the Company doesn't have a case to answer re the Kilwa incident and likewise advice from the Canadian govt authorities.
2) Further drilling results from Kulu upstream.
LONG SHOTS:
1) Details of debt financing of the first SXEW plant cost of $70mil.
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