RE: Amapá valuation 📈 - attributed to kdnc investment / development / ownership (%)…11 Jan 2025 21:55
After years of holding and constantly averaging down, I really am quite optimistic. I feel it would take a complete nincompoop to screw the current situation (but then there certainly are some out there!).
Some observations from the actions/activities of the past few days:
1) Recent trading volumes have exponentially increased
2) Seems IIs have started taking an interest as I note considerable bot trading going on
3) I genuinely believe that Amapa is in the bag and, as OB said, the LOI is about life after Amapa.
4) As for the raise, even if weren't done for the Gold/antimony (which is still only an LOI), it would have been required for ongoing operational costs anyway. Unfortunately until a JV/buyer lands, this will continue, but let's hope this was the last one
6) As for the delays, as frustrating as they are and as painful they have been for me, in approx. 20 years of corporate life I am yet to come a reasonably complex project that has not had delays/cost overruns. The Amapa project is by no means a small/simple project with many moving parts and several different stakeholders. Could we have avoided some obvious errors, yes of course but I am willing to give the team the benefit of the doubt
The one odd thing for me is that there ought to have been some TR1s as there were 2x single trades of 9m+ shares, so something seems amiss.
For me personally, its do or die from here. WHEN the SP reflects the true value of the asset, I shall be ready to offload.
DYOR and GLA.
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