Another point that has been ignored/forgotten lately and was a big reason for the merger is:
- Instos/ Brokers buying
With our previous structure, we where not appealing/ didn't qualify for certain funds to invest in TAW/Amal...those restrictions have now been removed...don't be surprised if we start getting some steady buying starting soon from that part of the market...IMO this will commence once/if the next offtake is announced, followed by more buying once we make it into the ASX300, followed by more buying once resource has been expanded successfully, which will allow funds that don't invest in a 9 year mine life project.
A40 Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held