A long way to go yet20 Sep 2019 15:16
Good post below from advfn ...
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"The tweeting shareholders (mad stork, BigGib and Bel) talk about £3. Shares usually don't reach fair value, until some positive news pushes up the fair value to a higher level, so that the original FV is attained. I think £3 looks reasonable, given current information. So I think a reasonable target currently is £2 to £2.50. But I expect a steady stream of good news, as the company mines deeper and uncovers larger stones and attains higher grades. For example, KV1 has an estimated cpht of 6.2, whereas in Q2 it attained 4.46. That suggests upside of 40% to grades, with a corresponding improvement in the quantity and quality of large stones. As that transpires, I will raise my fair value assessment. At the moment, I have every intention of investing long term to start receiving dividends - the ultimate prize for early-stage investors. By the way, call me "Tim"!"