RE: Tati RNS?6 Oct 2023 14:28
Only you know your feelings legal , some will agree some will disagree , some will overload you with rubbish to convince you that your investment is 100% safe and the only way you must see things is their way.
Tati isn't the only project that has had bonanza grades , tati was once a company seller and now having work on it that warrants appeasing share holders.
Molopo yes it's good news we are drilling , the assay results could be transformational in terms of confirmed grades etc , but all year we have heard j.v, company's coming to us blah blah blah , my opinion is they have been forced into this move. Can't say we haven't got a j.v and can't leave it idle after promising the market there will be news before the years out.
Loads of messages around suggesting the reason that people are selling with a loss is because the s.p isn't looking great , I'm afraid that's simply B.S , there could be a host of reasons people are selling off. I think some might be selling as they simply no longer believe and they are jumping before they think it drops more , if that's the case its a wise move., others might see short term value elsewhere before jumping back here. , like i said a couple of examples and there are many more.
Other comments suggest the company are in a better place then 2 or 3 years ago, company wise maybe , project wise hmmmmm
Is molopo in a better place as it currently stands then last year ? Its been stagnant and now finally a drill is going in the ground , who knows when.
Is silver peak in a better place?
Is hanetti in a better place
Is tati in a better place then January this year.
Canada while a large campaign is also only air and soil , nothing transformational yet I'm afraid.
Remember im on about individual projects.
The company has some ipos , thats great means the company is bigger and risk free financial wise. But how far along are the actual projects. Pilot mountain has moved on how much the last few years. What about projects in the other ipos has some moved on with pace., I'd argue no.
I have heard a gizzilion times the chances of hitting the jackpot on a project is like a needle in a haystack , yet the same moan that the market doesn't price in the projects potential , the 2 don't mix.
I'm happy to hold long term , see what happens , my concern is how much raising needs to be done and how many shares will be in issue before all these ipos are online. Once ll online i fully agree pow will be very very attractive.
Because unless the molopo drill intercepts s.p rocket fuel , we will not create value in our current projects with the type of exploration we are doing before moving into the ipos
If the ipos are our value driver them then get them done ASAP.