RE: INVESTING21 Oct 2018 11:08
Good post.
I think that perhaps a lot of pi's may have been carried away with the hype and promise of quick returns and loaded up accordingly, hence the frustration at times that despite good news, the SP has not reacted accordingly.
For me, there was never any belief short term (during the EWT) that 10p parties, or whatever were going to happen.
Medium to long term, sure, given good testing and moving into production, or with a JV.
I had originally hoped for 3.5p to 4.5p SP on the Portland and maybe 6.5p to 7.5p on the Kim results, so even relatively conservative expectations have not yet come to fruition. Anything approaching the 4p level in the next 6 months will be a good return imo.
Too much has changed since last year and (for me) still a lot of unknowns and questions to be answered for II's to start piling into any of the weald players with confidence and help boost the SP.
Constant reference to 11p last year does not help either.
Still positive, but patience definitely needed, and perhaps a little lowering of expectations, certainly in the short term.
Both the rampers and de-rampers having to keep coming up with new reasons as to why the SP is not soaring, or slumping as amusing as ever. Despite the bickering on this board, it is always good entertainment here, even if my posts are getting grumpier as a result of the infighting.
Some good posters with a good knowledge in amongst all the noise.
DYOR and beleive in your investment decisions.
Looking forward to some good news next week.
gla