Older, no worries. If you were to ask me if you would profit from buying at today's price my answer would be yes. You seem to have plenty of experience and you'll know that research is far more valuable than a poster who is also a LTH !!!!
Not all of those trades are sells. Look at earlier posts and you will see that people have bought and it's showing as a sell. As for this company it's been on a downward spiral for years punctuated with spikes that always seem to revert back to a price which is in reality below the company value. The reason for that has been a constant lack of progression and jumping into bed with partners who have,basically, shafted us. The current situation sees us looking at three drills on three different projects and all three are considered to be good prospects. This is now a forward looking company with something tangible in it's portfolio. History will evidence that when this does get a bit of interest the sp rises quickly (it also falls quickly) and hopefully when it next rises it will be on the kind of news that will maintain the rise. I'm a long term holder here so my opinion is slightly biased. As always do your research etc etc.
Agreed. As a LTH I see us being in a much better position now than we have ever been. Everything that we had before was either fanciful (Z34), rotten (NBM), pitiful (Rosa Blanca) or sheer madness (Island Magee). We now have a much more balanced portfolio with real prospects of success and any one of these drills being successful will transform this company. As far as I'm concerned we have bought into projects that have a great chance of success and we are in partnership with companies who know what they are doing. How long are we going to be at this SP? As soon as the drill hits the ground you won't get these for less than a penny IMHO.
The sp is down to market reaction to the drops in major markets. Unfortunately for us the MM's seem to take every opportunity to drag this down. We need good news but if we do get some very soon it could be less effective due to the drops in the majors.
Unfortunately I think the next RNS will say that they haven't managed to deliver anything before the year end and that if we are all patient they might deliver something before the next year end. Possibly. Maybe.