RE: I hope I'm wrong6 Aug 2018 21:39
I think it's natural when the price is continually dropping (or at least when it appears to be: we're actually about where we were in April and again a couple weeks ago) to start searching for reasons beyond what we know for why there's so much selling at such a low level.
I've raised serious concerns with how the company have handled this year and I've heard other voices of discontent. Equally, there's clearly plenty of investors who are very happy with progress and see the future in entirely positive manner.
Ultimately, we all want the same thing, albeit from different levels and on different timescales. But the key is this drill.
They know, don't they, Toro? We've all noticed Vince's demeanour change when talking about Ewoyaa and the glint in his eye. That video clip I RT again today with pegmatite covering everything/everyone by the drill. There's no way that the company are expecting disappointing assays.
I would imagine that, much like the Ghanese government who said "Make this happen as quickly as you can: we've got your back" or words to that effect, from Vince's interview in April, Sumitomo will have suggested the same in terms of funding. Having provided for the company this far, they're not realistically going to leave high and dry with the resource within grasp.
I just hope that a deal can be done asap on the back of these results, that provides clarity for funding to develop the whole Cape Coast. The amount of times I've read the word 'placing' recently has dramatically increased and there's a definite sense that it needs to be put to bed once and for all by the end of the year. Either with a big raise at significantly higher than this or an asset sale.
Sidenote: the Japanese work a crazy amount of hours per day. An affinity clearly shared by the management team here.
'Scuse the ramble.
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