The funny thing about this share is when people invested in the romantic notion of opening up an old pre WW2 world class gold mine, this share was above 1p. The grab samples looked fantastic, and sure the mine needed to be made safe. Then Ed and the gang wonder off and start green field using epithermal geological methods for prospecting in a totally different location. and with that a cash call, in which the BOD also participated, but yes sub .5p and then again sub .3p. More recently releasing more shares or paying for drilling services on script for .12p. It dose not seem to matter where they stick the drill over the vast area they average 1.2gt, "though still no bonanza grades Ed". However when the RNS comes out with a resource and reserve statements we can then start to value this company. Everything up-to and including this point is fanciful. understanding the potential profit and cost models, considering plans and actions will see this company grow or at least the asset can be sold for an appreciable figure. I think July - August will see Ed deliver on the first JORC statement. and that's the time to decide if you want to be in or out of this company. Until then, if you are holding at a loss I would wait.
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