RE: Lot. Of sells10 Mar 2021 17:15
Have been asking myself the same thing the last two weeks.. am I missing something? The SP being lower now than pre- permit news is absolutely mind boggling.
We just have to keep reminding ourselves that -
in less than 6 weeks the company will be producing gold.
Only 10% of the license has been explored
The main shareholders have immense experience in this industry and the start up operations to becoming a producer.
Ghana has been gifted 600,000 doses of the covid vaccine so that should rule out a large covid outbreak locally.
This should in theory be totally de-risked with all permits in place and all the experience necessary to push forward.
Have a read of this interview podcast on YouTube of the CEO discussing plans, it should rekindle your confidence..it did mine!
https://youtube.com/watch?v=E3kMzLV_JeE&feature=share
I can't really put my finger on why the SP is falling so much at the moment, a few theories would be the volatile gold price currently, the unprecedented rise in crypto and Tesla could be tempting people to pull out shares to free up funds, and the change of broker and loan defer announced last week maybe spooked some investors.
Just remind ourselves that GRL hasn't gone boom get but when regularly producing gold and turning over millions per year the share price and market cap will inevitably rise with it.
Hope this helps you have a good night's sleep tonight lol.