unfortunately im yet to see much exploration success. managemetn have continually done mediocre raisings and lack the necessary promotion skills. i have warned about a cheap takeover and i hope im wrong but given the history of raisings primarily to tembo and co you would be silly not to at least consider the possibility that tembo would be happy with only 2-3x return. i would have preferred to have seen a 10 bagger for this. remember that the reconstruction (what 2 years ago) was pretty much around these prices! i think they are strucggling to fund the project as well. i mean we have been talking about funding via prepaid offtakes for a long time and nothing has come to fruition. plenty have said that funding will be a given but we're still here cum a big fund raising to build the blody thing. all imo and i welcome the criticism.
NZC Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
