RE: This Company is in Big Trouble........1 May 2022 19:27
Just enjoyed little bear's erudite post on the 'non-thread'... but to add my wee thoughts, we have been dropped on purpose to a 'target' price after the reduced guidance of the recent RNS. I know, I cannot prove that, but the drop (58p-41p) represents a roughly 25% drop and I suppose you could say that the guidance drop of 36-39,000oz to 30,000 is a roughly similar percentage if you take the guidance at 39,000..... but, I still smell a rat. The explanation for the drop (Julia vein faulting) seemed pretty reasonable to me. I've read a lot of BS ones.
Recent drill intersections have been more than fine. Coringa intersections have been fine and progress too. Coringa is NOT priced it at all. Nada.
So I think it is safe to say the 'market, is 'cautious' about Coringa... of you could think something else...
I think when this goes, it will rise very steeply. I've watched it for years but only bought shares very recently. I cannot believe the SP is so low. Almost back to early 2019 lows but with current POG! Crazy. Time will tell but I think this has been worked to a level. Will we see 30's... who knows. I'll definitely add some ore if we do!
If POG goes on a H2 bull run as many predict then this will be well north of a pound in short order. £2 with Coringa....