RE: I Christmas conundrum22 Dec 2020 12:53
we are indeed waiting for the PFS, but one can forget how long this is taking from when we first started drilling Alpala, we had no drill results for a year at least recently, not good for an explorer, obviously.
Unless the strategy is changed, which I believe it will and why I'm still invested, nothing will change.
Those who have been saying it's over valued over there for over 6 months, really haven't looked at why they continue to rise and why we continue to drop, its not just a matter of being unfair etc.
There are very good reasons why we don't rise and its about funding/uncertainty and an unrealistic chance of doing it all alone without massive dilution.
We have over 70 tenements, currently after one and a bit we were already under pressure at AGM by majors.
On current strategy how can we continue for years funding exploration without massive dilution? 70 tenements?
The answer is we can't and the market knows this.