Eris29 Nov 2018 11:16
Event he directors are baffled by the price especially after the progress that has been made. Hopefully after news they will buy more shares.
During the period, we have made positive progress on the Abbeytown project and expect this to advance as we move through the second half of the year. In addition, in Sweden we have successfully executed a number of drilling programmes on the gold portfolio fully funded by our JV partner Centerra Gold.
The share price performance of the Company is extremely frustrating, especially when considering the cash position of the company which was €2.59m at the end of September, the progress being made at the 100% owned Abbeytown project, the corporate support of a major industry cornerstone investor, Osisko Gold Royalties and an active JV partner in Sweden. It is a challenging time for the junior mining and exploration sector, not least due to the decrease in metals prices, in part due to the US / China trade tariffs resulting in diminished overall investor appetite. Over the course of the coming months, as we report further results from Abbeytown, combined with our aim to identify other projects that fit the Company's criteria, the board is confident that the share price will strengthen as we build value.