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yeah its a fair point. I bought in at 0.7 all them years ago. Ive average down a few times . just with current market conditions I think its a decent play
are we talking another 5billion shares will be issued? half the current market cap? I'm looking to see what this cash will be used for? is for the a bigger stack in MNH - are we looking a merger? GR is 72 now so I cant imagine he'd go on forever. Is this one last pay day? it would take the value of the company down to around 8.5mill. So 30% fall? I'm a novice when it comes to specifics. Sorry if its is widely incorrect. I have never seen a company more diverse without actually doing what they are suppose to be doing... Mining. Why don't we just focus on the Mine and the EPO. There is so many false dawns. Im strongly considering taking a 50% loss and trying to recoup my cash into another share which is only struggling to the virus.
if you haven't been here for a long time be careful. I originally bought in 0.7. We have been waiting for news for years and years. This isn't a over night job. We then have to find the capital or JV to actually get this going. People keep saying it will rocket fingers crossed. The company operates in Zim its not stable hence the drops. ive had to average down massively. Every time there is a peak some more news comes out which hammers the company. Its not a simple here as a mine. Its very stressful and rather disappointing.
I am down nearly 90% on this share. I believe its clear we don't have any reason assets that can provide a creditable revenue stream. This company is a joke, well its a cash cow not a business of any kind.