RE: ARCM29 Apr 2019 13:24
China id like to give you some soothing words of encouragement but i know its likely to fall on deaf ears.
Try not to worry about short term price movements. The action will be in a few weeks/months and if your patient enough and all goes according to plan, then you should be richly rewarded for your patience.
I think youve mis-quoted Nvs in the post indaba interview. What he actually said was...
"Our neighbours are sitting on a 1billion ton resource at half percent copper
If we can get to a few hundred million tons, or potentially bigger, then that would be the game changer for us."
He also finished the interview by saying..
"There havent been any recent discoveries of copper in Zambia and we believe we are sitting on one of the largest prospects of copper developments there is. So if your keen to take an early punt..this is it. Were relatively small but we could grow very quickly."
So you could put a negative spin on that or just focus on the share price but I and a lot of others here can see the bigger picture and dont mind waiting a bit longer for the share price to srart rising.
Peggy your spot on with your statement..
"i am sure NVS and co know what they are doing, i cant see them hanging around for to long,i get the feeling that they want to make money for all concerned and move on to pastures new."
Quite right they are an experienced team and know exactly what theyre doing. They want to prove up and sell up..but at the right time at the right price...not cheaply.
Dont know what say a 300 or 500million plus ton resource would be worth..what majors would be willing to pay for it.. and dont want to guess the eventual price but 200 million would be circa 31p ps.
Thats my "hope" and id be very happy with that