RE: CERP V PRD14 Apr 2019 18:16
Lgo - the other share you are talking about is completely different to this.
I was in pre discovery and derisked on the rise for a 6 bagger when they struck mineralisation.
You were late to the party there, and thus the big gains were gone. It is now in the orphan phase. Approval to mine or takeover is the catalyst there. Odds on that happening for any mining company are slim. Plus there is the minimum 7 year time frame from discovery to production. It's just been around 4 years so far.
That company is completely different from cerp, in that they have no source of income, and don't string investors along pretending to be profitable. Only a fool would pretend they never need to issue shares for money.
Cerp/lgo on the other hand, have probably taken over a hundred million in revenue and keep racking up the losses.
You're comparing apples to oranges, and don't know the difference between the two it appears.
I don't know the other share you were alluding to. If it was their partner, I derisked there on a 3 bagger. Currently they are the only two aim stocks I have a few quid in, and they don't owe me anything.
You got to know the game. Derisk on discovery. Pile back in on decision to mine. I read a study a few years back which said 95% of gold miners double in Sp from that stage. (Provided reputable consultants were involved of course). 5% never make it to production.
I've also worked for some of these juniors, so I think I have some small grasp on the issues ;-)