RE: Not unreasonable…2 Jul 2021 13:21
Roger65
Do you still hold a few million?
I know you sold a few not long ago which i remember dropped us a point or two.
We went into the FSP on 1st July 2020 and a year on, we've had progress at WK and a JV with Rosegeo. However, we don't know how much work has been done on the flanks, MT and i think an update on that is well over due. We would re-rate if we got info on that and we have what most of us believe is in the ground (PGMs are still in high demand). Our current share price is below where it was when we got news on flanks license mainly because the market doesn't know much about what's at the flanks or if things are being progressed at MT. The BOD have said the sale process is running concurrently with BAU (business as usual). If that's the case, you have to say work at MT+Flanks would not have been paused for sale and hence, we can be told any progress made on that front over the last couple of years. I very much doubt they're still going on legacy data.
If Roger65, who holds millions of shares as well as others are frustrated, i can't blame them as no one knows how much longer we have to wait to get ANY news that may add to the share price here. Like Roger says, we could be months away, weeks away etc. We have no clue on what's coming next. EUA have raised twice and are all cashed up but work done on 1st asset at Rosegeo JV is inadequate to lift the share price. Proven numbers have not been provided as well as follow up steps. FSP then sale process has meant limited transparency and add delay to that and daily mm manipulation and you have frustrated PIs as shown by number of recommend on Roger's post. Its got to a point where any small raise is being sold and sentiment is on the floor.
I've received a warning from LSE to stop posting live data.
JTM, you need to refrain before they give you a temp ban.
GLA
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