It's been awhile22 Sep 2024 08:41
As the thread title says it's been awhile, took the decision to stop reading and posting as much as this board has turned into a truly unpleasant space.
An update from me. I've done what I said I wouldn't after the last placing and added. Due only to the fact I never envisaged the price dropping to current level. Just goes to show how many traders and gamblers are in aim I suppose.
Currently holding around the 12 mill mark at 65 k invested average of 0.0054. 25k left of dry powder of the 90k pot I allocated to this investment.
Few things I need to get of my chest.
There is no reason why this could not get to 10p a share. 600 million market cap is achievable. But it could also fall flat on it's face, it is a risk. I believe the company is now in the best position it has ever been.
100 million capex investment for 30 million p.a is just a no brainer, simple buisness.
Last raise was probably the worst timed I've ever seen. But I believe they did have to pull the trigger. Maybe I'm naive but it's my money and if I lose it then nobody to blame but myself.
People talking of dividends etc you're just crazy to be thinking anything of the sort right now. If everything goes to plan and I say if this is nothing but a growth stock for anything other than midterm which I class as upto 7 years. An awful lot of debt , further exploration and capex before shareholders will see a divi. Most important is that the company becomes self sufficient ASAP which I think is why the blue star acquisition was made.
Those trying to scare with radioactive water stories need to give their head a wobble. I'm not sure they would be looking to other uses of this water if it was radioactive, it would simply be re-injected to where it came from.
I'm neither a ramper nor de ramper just simply an investor who believes this company has potential. And that is what you're paying your money for at the minute. Is it overvalued as it stands currently? Maybe. But is it undervalued if there's multi bcf down there and ML is approved? Most definitely.
Anyway stopping rambling.
GLA holders.
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