Checked the 1-month chart now, slow yet steady upt
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Posted On: 04/11/2023 6:03:28 PM
Checked the 1-month chart now, slow yet steady uptrend.
The 2,5M the company will re-pay to officers and directors, comes from the first financing - then it was worth a lot more (see 2017 financing by the CEO and others).
I like this fact - as it is a motivation factor for all parts to make it a success story.
The institution's (funds) large shareholding is a guarantee the mine will be built.
With the huge resources, due diligence is a big part of considering investing.
As EU regulations and laws apply, things take time - but the upside is a certainty.
Given the increasing importance of self-sufficient in gold and copper, the EU Commission has a big interest in this project will be successful - big money and politics go hand in hand - the Romanian government can not afford to fail - that is why they early backed the company on all levels (it`s bigger than only Romanian interests itself).
Imagine the value in a year, when they are getting close to starting to producing
The 2,5M the company will re-pay to officers and directors, comes from the first financing - then it was worth a lot more (see 2017 financing by the CEO and others).
I like this fact - as it is a motivation factor for all parts to make it a success story.
The institution's (funds) large shareholding is a guarantee the mine will be built.
With the huge resources, due diligence is a big part of considering investing.
As EU regulations and laws apply, things take time - but the upside is a certainty.
Given the increasing importance of self-sufficient in gold and copper, the EU Commission has a big interest in this project will be successful - big money and politics go hand in hand - the Romanian government can not afford to fail - that is why they early backed the company on all levels (it`s bigger than only Romanian interests itself).
Imagine the value in a year, when they are getting close to starting to producing
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Robert
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