RE: Hammer time up 13% and near 4p12 Aug 2022 19:50
Can't imagine if copper is hit anything interesting will happen. I am invested in another Australian copper explorer, they have an asset called The Big One its called that believe it or not as the asset is big, I initially bought in at 4 pence they are now 0.8 pence a share!!!!
Am I jinxed? Am I bad luck?
I'm also invested in Copl, they just found 1.8 billion barrels of oil, with proven extraction reserves of approx 990 million barrels of oil, initial buy in 32p even with averaging down price today 13.8 pence.
I'm doomed.
So in my honest opinion this is going nowhere, last time I said on here there was going to be a placing one of you said don't be stupid the sp is to low for a placing. Guess what happened a placing!!!!
I tell you what's going to happen again and moan all you like and say I'm wrong some sort of fund raise or placing is going to happen.
No way in a million years is a JV coming. You need to look at what's going on with other mining stocks. EUA for example still mining, still trading, multi billion £ asset. 6 pence a share. Why buy here a company not producing???? When you can buy EUA at 6 pence, once the Russia & Ukraine war is over the SP will easily multi bag.