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Yes it's called being realistic, if it stops someone making a ridiculous decision all the better IMO
You can't get much higher risk now, the BoD has already killed it for LTH, why push innocent investors into taking a big gamble.?
If the asset was really that great then there would be another company INVOLVED here IMO
So it's just a gamble
Bit of a stretch to call it a reshuffle lol the Directors left in June/July last year, most likely because there was no money available to pay them.
The financial reporting is basic listing compliance, currently months behind schedule, trading update is also months behind schedule.
The devil is in the detail, has the company signed any legally binding contract / agreements?
The only thing I've seen of any significance is an independent mining plan.
If we're looking at people who should or shouldn't be investing, as a rule of thumb I'd say the biggest losers are the one's who think they're better. LMAO
Nothing seems to add up, they go for a prospectus whilst breaking listing rules, they go for funding whilst not disclosing the financial position, they expanded into Tanzania using money & shares they really needed for Kilimapesa.
It's the same old addage, if the results were good we'd know about it but non disclosure breeds uncertainty.
Joe this is a little £8m AIM company now that's flooded with shares around 0.25p, funded drill going to SPUD early January.
You're making a fool of yourself trying to be some sort of encyclopedia on drilling.
This is nothing more than a punt.
Currently the market isn't putting any value on it and they don't have any funds to do anything with it, I'd say at this time it is a technical duster.
As for selling at spud rise, this is looking increasingly like a crowded share, so anyone thinking of offloading larger sizes will be behind those in for a punt.
It's all about timing your opportunities, this and my US stocks have been a real godsend.
And who cares what you are going to do?
No one actually knows how the shareprice will perform, it could stay at this level go lower or higher.
It's only worth a punt IMO funded drill whatever the outcome will need more funds