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Worst thing to do is sell, you should wait and sell on a rise, ie close to end of November.. Itll go back to 3p as there is always others who get suckered in.
Sorry to read today's news, looks like hard days ahead until LC can get this over the line. More bluff and bluster from the great man. Fear this will fall away over the coming sessions and weeks as the market judges LC by results and the need for more cash.
GLA LTH
Well said, earthling.
I looked here out of curiosity today following almost a week of Andy's posts on another board telling folk to sell up in that particular 'dog' for the 'guaranteed pot of gold' he was telling everyone was expected here today.
Truly shameful behaviour, especially with his comments in the post this evening.
Don't know the company, but feel for genuine holders here. Hope it comes good for you.
ANDY
You really should be ashamed of yourself ramping this share all over the site on many BBs about multi bag guaranteed here.
Don’t know how can still show your face
I suggest everyone reads your post history and stay away from your next ramp
I wont post here much anymore unless I buy back in, I understand holders dont like constantly reading bad messages about the company they own shares in and I get why, I just wish to f*ck LC could get something right for once! Hopefully he will?
Its the delay after delay after .........well you get where I'm coming from. It breeds mistrust in what LC says as he says one thing then never delivers. When I read that RNS I wasn't overly surprised but reading more it just came across as he knows there will be no deal in place come end of Nov? Maybe just reading into wrong, I also worry about the venture as a whole as could the JV partner not just cancel the whole JV agreement? Maybe someone with a bit more knowledge in this can explain if they can?
Read the kat share news above .not the Rns .sounds up beatvto me .in fact solgold which had covid delays actually rose today
Exactly Sensa, the RNS smells of even more delays, I give LC some credit for that because atleast he is sort of giving us a headsup that delays almost a cert again this time wereas in previous RNS's he basically promised it would be done by today! I do wonder why the JV partner keep hanging on to Kat as a partner, it does come across as odd as surely if its that good of a project then the JV partner could have got rid of them now and went it alone? Something just doesn't add up but maybe thats just my anoyance at him screwing up once again with a dealine! I'll keep an eye on the sp and see if theres an opportunity to get back in but I wont be taking a punt here unless the sp is far lower than it is now which possibly wont happen. Also gutted but we live and learn!
I invested in conroy 20 years ago .they eventually managed to get a jv partner in july this year .I have confidence even lc wont drag this on that long
Definitely plan to top up if it drops lower, fundamentals are still here. Only thing that worries me is that it will be delayed again and from wording on the RNS I think it will be.
I wouldn't mind if LC just said it'll be sometime before next March for definite then we know. Committing to shorter deadlines then extending is killing his credibility and investor confidence.
Once I top up and average down I'll very likely derisk at earliest opportunity after that. Reckon there will be many doing the same. Not expecting significant upwards movement in price from this kind of level. Likely drop lower towards 1.5 then pullback to 1.8-2.2 range again
Although I thought a deal would be done so what do I know.
Gutted today.
But they may have started their due diligence a while ago. Due diligence usually isnt that big of an issue. The price is definitely oversold now and will rise a little again once the panic is over. Hold and wait.
hasn't even completed yet as Trek mentioned which can take a long time,cant see a bounce this week