RE: ATG20 May 2019 15:35
Hi Swest.
Been a while. How are you?
I'm still looking in but still not invested so I may have missed bits and pieces here and there.
But I wonder what exactly the company are doing.
When's the drill program in Chad going to start? How many rigs? How many stages will there be? How much will it cost? Who's going to fund it? Will there be a JV? What about the copper?etc.
When's the Ghana Jorc coming? Is it commercial (we all think it is) Will it be sold or developed? How far are they from proving up the bigger sites?
And, tbh, if I was in I'd be wondering when I'd be looking at any return for my money. I think my average was 30-odd pence tin 2017 so not a brilliant investment on my part.
More funding seems likely to be coming at some point this year, although may be smaller amount than I'd have originally thought due to seemed shelving of Chad, so what price that is and who it goes to will probably dictate the direction of travel.
Above all, though, I'd just like to see the company do something positive. Advance a project to a stage where you can put a definitive valuation on it and use it as the baseline.
16p shouldn't be breached, all things being equal, but if it is (as I said a while back) there's quite some room below.
What are your thoughts on things, mate?
ATB ATG