Waiting game continues...28 Jun 2018 13:48
The funding issue is nothing new as such and I believe will be sorted, as usual, due to greater powers than RY that clearly wish the resource to be developed (eventually) as part of the wider picture to develop the whole of the AMUR region which ties in nicely to accommodate the battery story.
But what I find more 'disturbing' is that too many PI's are still conditioned by the system we live in.
They believe shareholder value is at the core of management's duty of care - in theory perhaps but clearly not in practice as time and again the opposite happens (as Schach quite rightly pointed out the regular destruction of shareholder value through dilution and other means).
There are too many cleverly invented financing schemes that are becoming the norm and only benefit the few and so that should be a sign to PI's to wake up and realise that market dynamics have changed big time.
When proper financing finally comes, and come it will, LTH will sadly not make the large gains they perceived would be forthcoming (due to the change in the way the game is played).
AMC has become a story of two halves - on the one hand, a proven resource with great numbers and support from the state and yet on the other a SP that continues to be depressed (manipulated, controlled) - now at 4p when in fact we should be nearer 40p.
So the waiting game continues.....
So how do we make money in such a company? The stock is difficult to trade and just as 'difficult' to hold LT.
Either way, RY has engaged in a buying programme for the shares and so he know full well the financing will be sorted as has always been the case. The question becomes will it bring shareholder value for us? Answer, not until get proper financing sorted.
So the waiting game continues....and it's bloody annoying to say the least.