Current Price Action16 Jul 2020 11:03
The last week is completely irrelevant in the grand scheme of things. Having been here fully supportive of Mike, Neil & Team (and being very critical at times during meetings / calls) I am positive that as soon as the stars align and the guys can actually be allowed to do the work they can (hamstrung previously) they will prove with no doubts at all just why they have the reputations they do which are reputations of substantial quality amongst their peers and industry execs.
I ran some figures on Monday (semi-basic) and the upside for return is nowhere near the current SP. Due to governments changing, permit issues in Georgia & C19 delays we have been so very unlucky and that’s why we were languishing down here. The opportunity was always here it’s just with no spark to ignite the opportunity it was never going to get some attention. Well we’re in Oz now and the game has changed immensely. The rise to 4p is not even worth discussing because it is a drop in the ocean. The true value and trend would suggest to me that within a relatively short space of time our Mcap could 50 bag from January lows of 0.008p. That’s a 10 bag from here but do not expect this to happen in a straight line manner.
I’ve added continuously over the 18 months of delays as nothing fundamentally went wrong with grades, resource, etc...........hopefully my research, calcs & belief in the Directors (based on many hours of direct communication) will prove to be as I expect - A long wait but very worthwhile. That’s what investing means to me and always has so good luck whatever you decide and a very well done to anyone who has taken profit over the last week. Every trade made whether in & out for a day or as a LTH is part of the cycle.
ML
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