RE: Largo12 Dec 2020 13:52
Yes and no Sanchez, Largo basically say "we're gonna make some batteries" and the sp soars rightly or wrongly. A playwright cannot moan if no one comes to see his play if he has not garnered enough interest or written something that attracts the target audience...
What the BOD have done is amazing and perhaps this is where their entire focus has been, arguably rightly, but they are so quiet about it and there are so many questions about BE that I think the market is completely discounting it at present which has most likely affected the cost of funding this year to shareholders. They barely mentioned Eskom and the fact they were in a position to tender for this possibly transformational tender, after years of talking it up, and we still do not know exactly how they are tendering and thus the market cannot attribute potential value.
Yes there has been a big seller or two (why....when so close?!) but there has not been enough interest to counter this, I think blaming the audience for not understanding is a little dangerous in my view as it suggests bunker thinking.
I think the current situation suits them to be honest, for what ever reason, and as said I do think think will be changing soon thankfully.