So now we have the farcical situation where a £334 trade 'pushes down' the SP from 18 to 17.75 (1.25%) or a drop of around £1m in the market cap. Basically, the trading today has been pretty consistent and not particularly weak (though fairly unexciting). Someone is not for the first time playing games with the SP, and these short-term fluctuations are pretty meaningless when you consider the innate strength of the company. Patience will out.
Of course this stock is undervalued, but we KNOW the story and a lot of people don't know, and havent even heard of Shanta. The fundamentals are there to see, and as I've always said, these short-term fluctuations in the price going from 17 to 25 to 17 to 18 to 24 etc etc should be disregarded. There's good work being done out there, and at some stage within 12-18 months, the company will have a £250m valuation at the least, i.e. SP will be 40-60 +. We are talking about a quality mine with top management. Best to ignore short-term movements. It's very tempting to keep checking the price daily or more often than that, but it is confusing and annoying when there seems to be no logic in these movements. My advice is to stick in there and if not already fully invested, take advantage of these current ridiculous levels.
I agree. Think this is really an opportunity to top up, whole sector has been hit last few weeks, it will bounce back.... Can only see the production update being good to after the last figures. No was this should be sub 20p
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