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This is either a massive bargain or something's going on we don't know about.
They went woke and went broke - shifting to full green metals, intl women's day showing how many women directors they have.
Yeah great, but the share price has gone nowhere in 20 years.
Only thing keeping me in (down 40%) is the director buys.
I’m pretty sure if you’ve held for a while and you’re selling now then you’re doing this investing thing wrong.
You get significant dislocations and illiquidity in microcaps in times of uncertainty. We don’t know the impact but fear kicks in and people want to dump at any price.
Far better to wait for news than let fear take over.
Gedabek is winding down anyway, contribution to 2028 production is negligible.
Strip out cash and inventory and we have a 60m market cap. That could be about 2x 2028 profit
So it seems there has been some protesting at a village near Gedabek due to mine pollution which has caused a mine closure. Clearly not good news as most of remaining 2023 revenue coming from Gedabek (Gilar opening at some point this year). Not much news out there, agree need and RNS- if mine reopened over the weekend should see a jump back to 90p otherwise likely more of a drop to come
This is a very good articulation of the issues with this company.
Yes it looks cheap on a historical earning basis but we literally have no idea if this level is sustainable, are we managing the decline of existing assets with speculative development opportunities, or do we have a solid path to significantly higher production....is it very unclear. At least give us some scenarios with production, capex estimates - it's just a black box at the moment with some acquisition of Canadian rights on the side.
Give us a vision, an aspirational target with a NUMBER - not just "mid-sized copper producer".
Haha gotta love share chat boards
I just think SSTY need to get ahead of the curve and show they are taking it very seriously and state that all rooms are disinfected twice a day, put hand sanitizer everywhere, state that all guests must close their bunk curtain thingy, etc, etc