a 12 X consolidation from 0.007 so 8.4cents is the magic number to compare with.
hard to understand why still hopelessly stuck but I am concerned that this is discounting management rather than valuing the project.
Other reasons / excuses:
(a) imminent capital raise;
(b) overhang of major shareholder's stock;
(c) continued scepticism / uncertainty re Tanzanian mining laws
(d) the sands sector in the duldrums (see ILU is not starring at the moment). maybe consequential damage from China's economic numbers and/or US / China spat
Pick your poison I suppose.
Have a great day
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a 12 X consolidation from 0.007 so 8.4cents is the magic number...
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