Is there anyone here who was around in the early days of exploration in Norway? I bought in at around 1.2p and watched my investment soar to a heady 2.6p. As a novice investor I thought "this is OK" and then watched as the value fell to the 10ths. of pennies.
I consigned my holding to the boneyard.
Recently I decided to revue, now with the focus on Li and on a different continent and with Chinese investment it looks as tho there might be a way back into profit. "Catching falling knives " comes to mind, or averaging down?
This rambling is mainly for my own benefit but does anyone have any comments?
Someone showing some confidence in the company - Robert Wooldridge (Chairman of the Company) has today purchased 26,520,195 ordinary shares of 0.03125 pence each in the Company ("Ordinary Shares") at a price of 0.2825. The market seems to like it judging by the price increase. JJII
Thought I'd pop in over here from ... over there. You're cutting a solitary figure here highbloodpressure. As you say, the stock is totally de-risked - £3.8m in the Bank and another £1m coming in soon. Today's RNS is excellent - Ngoulana is massive. We'll be pushed to production asap by Suay Chin, our partner, who has a large Chinese outfit (Mangrui Chemicals of Shandong) bankrolling them. They sought to buy out the smaller Lithium asset of our neighbour, Birimian Ltd, for AU$107m earlier this year. We'll be getting the scoping study quite soon now and, with that, the fine detail of the Off-take Agreement. I sold out of BCN to add to my shareholding here ... we'll be in production a lot sooner than BCN.
Well well well, the results are exceptional - actually testing bacanora quality with cash in the bank this share price is an utter joke! Ill be buying a load more if it stays around .33p much longer aslong term this looks massively De risked
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