I am excited to see that the SP is moving out of the gutter, but where is the promised offtake what is actually going on except the roadshow in Europe generating buyers & interest.
I personally like TS & have spoken to him a few times over the years, but the inner pessimist says this could be Marampa all over again, he needs to hurry while cobalt is piping hot.
Also you need to consider that the marketcap also fell from circa 500mil to 20mil under ts, & although we are heading in the right direction significant equity erosion has taken place over the years, and our NTA is now around zilch.
Dividend Cancellation, while I agree it was prudent(although disappointing) turning from a postponed to cancelled, you state that it has been made up on our sp balances, not true they were trading in the 10.5c-12c level when this was announced & we haven’t even got back to that level yet, so most of us that bought with a view of getting a divi are still underwater.
The long termers have been smashed & those who bought in recently are the only beneficiaries recent SP rise.
I believe if he can pull this one off we will all be laughing, I am very excited about this projects potential, but i also think while the SP is rising it’s easy to get carried away & forget that it can fall just as fast.
I wish everyone a prosperous 2018 & let’s hope we can hit a home run finally & throw a 20c party !
