RE: Anza28 Oct 2023 10:51
Have to agree too. The turner pope Q&A session was certainly staged and I can't imagine that current shareholders sent in those questions re Nigeria. My question definitely wasn't asked. Essentially I wasted an hour of my life watching it and didn't learn all that much. Company has towed the same line for a year now and adding a project doesn't mask over the elephant in the room.
I suppose the only grace is that they will have to raise next year so the red carpet news flow wise will be rolled out which is much better than what we have had for 12 months. Of course the only news that matters is Anza. I do believe though Anza will restart in some form. Not going to try and guess when but I do think we are closer to the end now.
I have been adding small amounts every week or two for the past 6 months and agreed with bhargav, potentially could drop to around 3m mcap although I think they seem to have news coming on a few fronts that if not terrible would stop that from happening. Interestingly though,poor results from the tin adventure for instance, may enforce to the market that they were right all along regarding these minor vanity projects. Brad needs decent results to keep his geology street cred. We have as shareholders been starved.
Re Anza - felt it could potentially be sold to fund these other projects before but I didn't really get those vibes from the webinar. Also big sells going through, made me wonder that Newmont might have been selling, but I don't think that is the case either now.
Just have to see re this lithium adventure. Is it a vanity project or not/ time will tell. Lithium does have the potential to push the mcap on though so it is a good space to be in. I would be made up with this, if we had Anza drilling and fully funded. What a different company it would look......even with the poor meek management we seem to have.