Some thoughts...8 Aug 2018 21:43
I have been through all nex and lse trades from today and there are only around 20ish that are over 1m shares. I can account for over half of these personally or through close contacts so I am sure this fall is temporary.
- M2 is surely getting a JORC otherwise they would have released the other holes
- M1 is a sideline so I am not thinking about that
- M4 could be massive and it should also be pretty much complete by now so results soon
- and M2 ST is not a “duster” they have just not been able to drill through using the hoke as per RNS today; what do you think the SP will do if they announce they have hit the zone they are trying to hit on this next hole?
- at the current MC cash is about 50% of the company
- recent director deals, more land, no placing imminent
The story is very much alive! The board are not perfect and I would fully support change but at the same time they could be much worse. I also have taken screenshots of many of the silly posts and tweets directed at me today for when I write my blog post in a few months time detailing the ups and downs of long term AIM investing!
Its a set back and no where near as bad as the closing price today.
Lets see what happens tomorrow!
Kindest, Andrew