RE: Incredible value at 6.4p1 Nov 2024 23:04
Its been hard for me to figure out the share movements these past few weeks.
Everybody surely knows by now this is a 10p company today. So why is Candy selling? Could be any number of reasons. Tax, interest rates, new boat, new house, risk management, wife is fecking off.
Maybe he feels price will be around this level until more resources come online and doesn't want to wait 12 more months.
But then why are Drachs buying? Perhaps they have a much longer time frame than Candy and Co. (5 years)
Do i share that same time frame? I'm not sure. I am massively bullish on gold but we will still see a decent correction and if that coincides with the declining LOM next year then I can see the struggle to get to 10p.
This is a serious company going places but I don't have unlimited capital and often reduce holdings on what I perceive to be spikes. Ideally they will announce something gold related in the next few months so I can happily put this one to bed and let it grow. Without that I think the share price could be very volatile here going into 25/26
Late night jibberish but sometimes helps to write it down