Pet, I can see you point and it is extremely valid. However in a fast growing market you have spend to expand (land grab) or get left behind. Boom have invested expanding their operation overseas. If they were making a profit I would hope they would use it to expand via M & A activity as they need to keep growing. Look at early tech startups and look at who made a profit early on? Amazon? Google? Spotify?
All in my opinion.
If you cannot see it working I suggest you scale out and look for something that you feel happier with.
The whole of AIM is struggling the last few days, however Q3 will be a good catalyst if they deliver, so Kdogg is spot on, a great entry price if you have the balls to buy at lows
42Trader - I agree. The placing at 3p tells us all something. The sells are small beer but nervous PI (cannot blame for getting the jitters). I think news flow will ramp up in the short term and the SP will rise accordingly. Look at where it was pre-triton. It was set back for sure and has hit sentiment badly (just look at the posts on here). Given US activity and can see a few twist turns along the way. Not much downside in the medium term (they are not going bump) but plenty of upside.
RE: Question regarding director dealing5 Jul 2018 02:07
So many red flags here.
Previous grades were poor.
Most recent were worrying as at depth no mineralization found.
Lots of pumpers.
One who was surprised by the placing and price and then said he took some. Then a tr1 shows he reduced holding! What the actual f....
Now he wants to be director.
Has the ctag feel about it.
Lots of much better copper plays out there
RE: Trolls galore this morning......3 Jul 2018 09:39
Read the RNS.
Many people have just had confirmation of what they thought whilst the naive believed all the ramping.
Where is Mr "I own 10%" ?
He knew about placing and the price but still carried on pumping away on twitter. Shameful.
Now he complains about mates rates ... Laughable.
Wake up!
Basically they have drilled to a significant depth (way beyond what they expected otherwise why stop) and have not found anything other than something that sometimes resides above stuff of value.
Until further work it is basically a duster.
Coupled with a panic placing it does not look good.
What he means is is that US tech investors do not fixate on profit in early stage.
The are much forward looking and that is why tech wise they are much better than we are.
Hence why boom have become more US based as the UK is a crap environment for tech.