RE: Back to Upper 19's2 Jun 2019 18:16
Hi Swest.
I'd agree with the JV likelihood increase as must be imperative now to retain capital when resource stocks that need funding are being battered.
I know Bonker and Munch say you'll see 9's, 10's but I cant see it below 14 on both a technical and fundamental level.
Looking around the AIM resource sector: BMN, ARS, VAST (oof), HZM, GGP, IRR, SAV etc have all come well off mainly as a result of commodity price difficulties. I thought we were due a boom this year! Nonetheless I think most have decent value now, not least Ironridge. Gotta get Chad motoring though, asap.
Credit to all long termers who've managed to keep a sense of humour and perspective during the downtrend. I hope you are all rewarded.
ATB