RE: Fluctuations..4 May 2023 17:04
Croq, negative/positive are not categories that people should be placed in. Currently in every area of life everything has gone a bit football type mentality, win lose, right wrong.
Anyone who has invested must have seen something to make them invest otherwise clearly they have an issue.
Most of the serious investors think in terms of NAV and NPV, under normal circumstances the share price will follow.
The problem I see are those who don't know the difference.
When companies spend millions drilling or continuing with a concession down the derisking process normally it is for good reason not hunches or guesses.
If a drone attack on the Kremlin changes the world and impacts this company, it is hardly Merc, Bernard or Hainan got anything wrong.
Although the current mentality will no doubt point the finger somewhere, it seems to be the way today.
Jorc resources, BFS with an NPV and maiden jorc values are very real, as can be seen by Hainan's interest and investment.