RE: Depressed20 Oct 2021 20:49
Good post Longwait.
You're quite right, this now becomes a good opportunity at these levels. You may get a better price, but at some point early next year, we're drilling. It's the same amount of time to wait as we have since phase 1 ended.
If people are selling from buying in at 20p plus, because they feel this will drift, to chase the next big thing, then they must have money to burn!
In the next 4 months this will likely be over 10p as the drills start and then 15p+ in anticipation of results, then either 20p+ on discovery or back down again where we are now if no discovery waiting for the bigger rig to arrive.
This is pretty much the same time since the first drill started back in June.
It's really not that long to wait. I accumulated from last December when I saw this as an excellent opportunity, I had to wait 7 months to derisk, but worth it.
This will be history repeating. Newbies will come in, price will rise and those complaining now will have missed the opportunity.