RE: The future25 Mar 2021 07:31
Hi Goldrider,
Well I’m invested in lots of areas; junior explorers is one area. I’ve only got £12k or so here, but have had similar in Hum in the past. I bought into hum very cheap and got out at 40p....I didn’t like the direction it was going in terms of mgmt style, went with my gut, against the prevailing opinions and have been proven right thus far.
Cora is a different animal; it’s fully funded for drilling, has terms agreed on production of FS (unheard of ordinarily) and my rationale for being invested is that the original investors (whom have enough to fund this) only floated this on aim in order to facilitate their long term exit, not necessarily to raise money. It was the liquidity at the back end they wanted, no horsing around with a sale etc.....let the market sort it out on the journey...
It’s a hunch, but I’m usually happy with my hunches.
This is nowhere near my biggest investment in a junior; I have one that’s seven times this size which feels like a punt at times. So don’t think you’re alone in taking big punts