Ok so it’s recovered well to be fair. 17 to 22 is around 25% up which isn’t bad and if I remember correctly it dropped below placing so has recovered quite well
RE: Is All Fair in Love & War Like Mr. Doc Says?9 Nov 2024 22:16
Stas is correct, I’m not currently in as when heron 1 came online the sp barly moved but if heron 2 was a duster the sp wouid drop 20 odd % and let’s be honest if it’s a positive update re Helen 2 it will spike up a few % then settle in the red by close of play. Heron 2 not getting into production until next year is also a risk. Right now it’s safer to be on the side than risk the bad news.
I feel it’s under valued but too many pitfalls before this one becomes ‘safe’ so to speak.
It’s gonna be hard to attract people with the bb so negative, I know it went up Friday but I bet it will pull back later next week so will give you a chance to buy in.
I’ll be honest I haven’t looked at them in ages, will be good to see how it rises upto the drill campaign. Did they raise at 19 pence do you remember dai?
Gex looks ok however I do wounder how much the romours have hurt this one. The permits seem strange but seems standard in Australia so I can’t see them not coming through.
The uk is full of beuacracy so if we nationalised the mining you mentioned pp they be getting gold plated pension, big annual rises huge amounts of sick leave only to realise in 5 years time if they got a company to do it they wouid if saved 80%!
PP I agree, I suspect the BOD have averaged down so when the offer comes in they will make a profit. Im sure when ALL approached them and offered them loads of cheap shares they snapped their hands off. Right now a 20 pence offer would look generous when previously 30 plus pence was rejected.
Im not sure what the offer will be if it will be higher than before but I wouldn't be surprised if the offer isnt in late teens this time round.
Reading the RNS yesterday it does feel verty much on the knife edge and the money issue is evident. He spoke about a JV and stuff like that, I think it be a good deal for a JV partner but not for share holders they are better off diluting until they achieve the grades needed to hopefully boost SP. I think those buying in at a penny will never see their money back but new investors may make money from here.
That’s true dai, if we can’t buy it we can’t drive the price up prior to the drill. If they don’t offer shares to sell but short the stock surly that’s not legal as your actively causing the sp to drop??