RE: Where do you see this going?19 Jul 2020 11:14
This company has terrible record of placing after placing, (not the only one on AIM....)
Now having said that,it is very clear now that with the latest injection of further funds that they surely got sufficient cash for the near term....(no wonder after 2 placing in less than 6 months....)as such the current SP is even below both latest placing which IMHO makes it fairly attractive for a punt,bearing in mind reasonable chance for some positive news regarding drilling results and a possible JORC before year end....
I had small holding here taken after the previous placing in February, and added few few more last week...will sit on that with anticipation for decent news in the near term which I feel is very likely.
They will have to act fast as the we are well into the summer so they got just over 4 months before they call the drilling season off with the harsh winter conditions in Nevada....
Hopefully they will come with something to show by the end of this year.
GLA.