Fresh money to accelerate the development to production is highly welcome imo.
I doubt it's a new strategic investor. That shouldn't be in the interest of Huayou and they have for sure the "first call". And after they confirmed last week the intention to invest further in DRC cobalt i wouldn't be surprised if they increase their stake right now...
After the first Huayou cap raise SP climbed from high twenties to almost 50c within some weeks. High time for a deja vu.
NZC Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
