Heres what I think...8 Jan 2021 17:41
We know all the negatives of management, and AP in particular so not worth mentioning.
However the assets speak for themselves, and all we need is one piece of solid news to get this moving back to our entries.
Remember we are not exploring in BP anymore, we are actually mining and delivering what's in the ground. We wouldve have about 3 shipments now and production ramping up as we speak. We forget how significant that is at these prices! O doubt the SP sadly doesn't reflect it. But its huge particularly because its much cheaper for us to mine than other companies.
Secondly, we know its undervalued due to management alone, not due to a poor mine with a short life span. We haven't even touched the remaining expansive areas!
I think, long term we may see 9/10 screw ups occurring, BUT that 1/10, that single good thing WILL BE WHAT MULTIBAGS THIS at these prices.
It is simply a matter of time, not if, but when. I genuinely believe that, which is why I've held my 40k in here which has painfully reduced more than half.
You can only mess up restructuring or something else so many times until actually you (even accidentally) get something right.
I think it's unfair that we think the entire BOD share the same management vision and shareholders value as AP.
In saying that, the scoundrel has got the mine into production and compared to other companies, has done it in less than a couple of years which is great (although id like his face up on a dart board if you ask me).
I'd rather an institutional investor come on board thoroughly, with due diligence than just come in and cause chaos, fight over lock in agreements and all that. Its best they enter when the restructuring is done and whatever they need.
I say we hold through this storm, and hopefully continue with our recovery and consolidation.
Just as bad news can and has landed, so can good news which can turn the sentiment around.