RE: Ironing some things out21 Feb 2024 08:48
Hi sleepy,
Yes I do agree with lav’s comments here. For me the biggest thing is that it shows kod is being played by traders. They won’t want to wait for a year as they are an impatient bunch hence they can try to make some gains elsewhere and then potentially move back into kod nearer production.
Fundamentals still incredibly strong, who else is not only fully funded but has a load of exploration funds? Who else can pivot across lithium and gold? Not many.
Traders are playing a risky game here, yes kod has significantly declined in share price but remember how quickly it rose last April. I’m confident we will see gains quickly again, just don’t know when that will happen. Remember 12 months (heck even 15-16 months) isn’t long to wait if you’re holding long term.
I’d be a lot more concerned if we were riddled in debt or are running pilot mines, but we are not. Plus the lithium price as Lav has said at current levels we are still profitable.
It is frustrating to see the big decline in sp but I also see this as a time to top up.