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I'm just counter acting the rampers. I've seen it for a decade or so. The big question is have they got anything worth mining. So far they haven't. They've bought cheap claims, so they can be keep themselves in a job. IMO. As to predictions, back to 0.6p if nothing comes of their latest drilling campaigns. We've been lucky to get some funding from Aus govn, otherwise they would of placed several times.
The one thing we don't know is how good are the claims. If they're rubbish, it doesn't matter how good management is. Most were bought for a song. So I'm not holing my breath. It will take many years and much cash to drill the prospects. Then, may be better management might buy better claims with a real chance of making money. IMO.
It's just a pump and dump, IMO. New director, same old third rate claims. You can't put lipstick on a pig. Watch the, "it will be 3p by the end of the, month, year." Leave the party soon. With their 10-20% profit. (good for them!)
I think KOD has more chance of producing something tangible. THR just buy third rate claims so they can drill (and raise). I'm assuming they'll buy some more soon as they'll be running short. Nice business model, alas, only for the BOD.
Trouble is it's too long a game here. This funding is all well and good, it reduces the dilution. Are they going to make good use of it? They haven't in the past. My bet is they'll buy some more prospects in the not too distant future, to keep their gravy train rolling.
You've got one thing correct, it's going to be a long hold. They as yet have had no decent resources. I don't ever expect them to either. They buy them on the cheap, raise and drill. They've been doing it for at least a decade now. Nice little number for them.