RE: Pens poised8 Mar 2024 18:53
Hi Karl I would say a lot of long termers were aggrieved by the phase 2 happening, getting "drill drill drill" and then being in this limbo for so long. Omi sold the dream and then that dream fell apart and unravelled extremely quickly.
That was extremely frustrating for myself and many posters. Some have stayed, some have gone. Never in my wildest dreams expected that the share price to be in the 2s. I do genuinely believe that this price represents an opportunity. I also understand why people are put off buying. It's up to every one of us to decide to stick or twist here.
It is clear that the company have their work cut out to build confidence with the market which has been so sorely lacking. It really has to be part of the strategy moving forward. They can't keep taking shareholders for a ride.
Though with the share price in the 2s it does not take much money or effort to build a reasonable holding. It doesn't take much effort to average down if that's what people chose to do and at this price the risk/ reward point seems palpable.....Much better than buying at 40/30/20/10p which many have.
Yes plenty for the company to sort, alot of ifs and buts. Certainly not a perfect company by any stretch of the imagination, it has its issues which is well documented - but it's cheaply priced, gold is flying and they might just be about to get the keys to project that was significant for number 1 and number 3 miner in world to get involved and spend money on it.
That tells me, along with Apta and previous Pepas results that there is alot of potential at Anza. At this mcap, it has a chance of multi-bags. I'm not saying it will, but it's got a chance.