RE: The situation14 Sep 2018 14:59
That's a smart move imo. Most people lose money when they buy at the top of the market and sell when it drops. Sounds daft but that's the way it often goes. As long as the company is sound and has assets of value, the risk is low and the potential rewards are considerable. Everything I know about this stock, and having spoken with the exec team, leads me to believe that it is significantly undervalued at the moment.That's why i've been quietly adding here and there.
The important thing to remember here is the freefloat is very small. That's why if you look at the historical charts, it has moved up so quickly on the right news.
The key thing to watch out for imo, is the maiden JORC resource on the Lithium in Ghana because that, I believe will have a very significant impact on the Mcap. Due by Jan i'm told. Meanwhile, we have a substantial gold licence in Chad and further drilling and news will come from there. Should that prove up to be the multi million Oz that we are confident of, on it's own it would cover the current mcap. Opinions are my own and DYOR