It's all very well people posting on what's been "achieved". Since EPO award the market has spoken and is not impressed. I too am not impressed with the progress.
The next RNS could and SHOULD be a game changer. If it contains the correct information (much of which Bick referred to), the SP should start to rerate upwards sharpish. If it doesn't, the SP will, astoundingly, fall back into the low 0.2p's. And it will continue to be the fault of the management who will have proved they continue to be incompetent and to have learnt nothing.
However, I for one am going to try not to be comment on the nosediving SP, GR and the history failings until then. Let's give GR and the management one last chance to prove they've learnt from everything.
Hammered - good post. For all the positives we all see and hear about week in, week out, despite an anticipation of seeing this reflected in the SP virtually every day the market has opened in the last year, disappointment has followed.
Except for that still unexplained weeks or so of buying a few months ago, SP has stagnated or retreated relentlessly.
We all sit and wait and hope the next RNS provides the stimulus. Then the next one. Then the next one. Here's hoping the next update is comprehensive, provides some kind of certainty and the potential starts to be fulfilled.
Excitement clearly building in anticipation of GR's update tomorrow.
Almost 9 million shares traded in the first 90 minutes. Must be a fantastic update. Wil GR have red or white wine with his dinner? Can't wait to find out and see if shareholders think he's made the right choice. I can think of a few who'll be delighted whichever he choses.
Jenkoo - I think you are missing the general point. Nobody here is expecting GR to RNS anything before Thursday, For GR to hit a target would be a miracle. So I'm not sure why you think people here are expecting news early. Nobody has said anything of the kind.
And I should add, we DO NOT have a plan. If we did, it would be in an RNS and the market would know what that plan is. We have a possible plan and no clarity on the specifics of it.
Acker - I spare a thought for the PI's who bought in around 0.5p. Couldn't give a **** about our investors being under.
I'm of the opinion Suzhou are actually delighted the SP is remaining so low. Lowers the price they will take PREM or Zulu for.
I don't think it's any coincidence we've had NO official news whatsoever since their investment. I realise this view will upset Jamgoo with his 1.3 billion shares (did he mention this?), but I think the lack of results or any other concrete information is entirely unacceptable.
Jamgoo, Snowking, Degrasse, Noel, Lloyd et al can go on as much as they like about how it’s an easy ride to millions.
The simple fact is we are almost 50% DOWN on the SP on EPO award day over a year ago. Having a pop at people pointing out the clear and obvious, and ongoing failings in the this last year is pretty stupid IMO. Particular when the market seems to agree all does not seem to rosy.
SP is going nowhere fast until news with hard facts that are good arrive. Hopefully sooner rather than later.
Don't expect an RNS on Zulu next week. GR said 2 weeks in the interview which will be next Thursday. Based on history, I'd say expect one between late the following week to the end of the week after that at the very earliest and who knows what it will say.
Every time the market pulls back and PREM does on the same day/week, people always put it down to general market sentiment. I don't buy that for a minute. For starters, that logic never seems to work in reverse and no-one ever even tries to apply it. The SP is surely falling simply because the market doesn't trust GR in either his timeline or what he says.
I for one will not be surprised if the next RNS is not on Zulu and GR announces in an interview instead that the Pilot Mine idea has been scrapped. That will cue Snowking and the Telegramp group to say it was a terrible idea, always was daft, they never thought otherwise and that GR is right to ditch it.
I, along with the market I reckon, will only believe something when it is RNS'd and not before.
Been digesting the "interview". There are 2 key take-aways for me.
1) GR is not longer running the show - positive in my book (the MNH comment in particular gave this away) 2) My view on the future has firmed up. Probably before 2023 PREM will be sold
For me, it's a no brainer to stick around. If I could afford it, I'd probably buy more. The sell price will be a pittance compared to the value of what's in the ground. Nevertheless, the sale price won't be less that around a 70% gain from where we are. The downside risk is minimal. Even if not bought out, the probability of the SP being less that 0.5p by year end is low IMO.
Where else are you going to get a minimum 70% return on your money in 9 months with such a high probability?