RE: Clueless PIs28 Mar 2019 12:54
Munch...`HE can act NOW to issue rns saying why sp is collapsing..... that will calm investors.
If you don`t mind me noticing, you seem to be the only one on here coming out with `panicky` posts, you were doing it yesterday and I did wonder at one point whether you should be involved here to the degree you obviously are.
Its been discussed at some length what is happening here, a forced seller is dumping stock across many AIM stocks and we happen to be getting caught up in it.
The reason for the extreme drop is because onlookers and potential investors are waiting for confirmation of the toll agreement or other news before being tempted to jump in, so the share price has to drop to match where buyers feel that the risk reward is good enough at a market cap of £13m.
This situation will pass in due course, but its no good tearing your hair out and throwing spears at MC for a situation that has developed largely due to no fault of his...ie the Nicaraguan Govt upsetting his people....for example
If that hadn`t happened last April the Condor sp would be in a whole different place. The long delay in the Permit wasn`t his fault either, he did everything possible to comply with environmental criteria but the Govt seem to drag their feet.
He`s also done all the right things to include and calm local residents fears of outsiders coming in and `stealing` their gold without them getting any part of it, so they`re onside now.
The gold hasn`t gone anywhere, so the only way to take advantage of this lull is to buy some of those cheap shares if you have any spare funds, the MM`s are not going to be sitting on large sell orders forever, and will re-rate this when they`re done.
Sit tight fella, or go out for a pint in a nice sunny early spring beer garden somewhere.
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