RE: 3p4 Oct 2024 21:06
Early explorers seem to be the ones who get well ahead of themselves, especially when they churn out top grades after top grades, I’m guessing this is because it points to likely finding of a tier 1 project, with big possibility of a buyout, rather than your 100k producer.
Yeah GGP hitting £1.5b was crazy, but times were different then. I luckily sold at 30p upon scallywag failure.
Yeah I see many churning raising regularly, Vast, prem to name a couple yet traders are able to make a profit there, I saw them two both at top of the risers boards this week.
Here I think will be different, Apta Jorc within 4 months, Pepas drilling and being taken to resource, then I reckon we’ll partner come in or raise funds in a much healthier climate with much better fundamentals. If we see 1m plus Apta and Pepas taken to resource wouldn’t rule out a £40m ish market cap, which is 8 folds from here around 20p. I personally see that as a given eventually, if it takes until the back end of next year to reach that sort of level so be it.