RE: It's funny ready all the comments7 Jan 2025 13:38
Unsure how any of this is funny. People invest their real monies into this company. It is all smiles and jokes when the share price rises.. but not so when it goes the other way.
If I am correct drilling has NOT been completed on either Juno and Namibia so it is misleading to write the company is sitting on these massive "assets". It is not true. Investors are speculating that either will have something commercially viable however that is not a simple and fast process, as you can now see. Both the gold and oil sites need a tonne of money spent for licences, permits, surveys, approvals, and then drilling. Hit something then more drilling needed. The spend is never ending. All with the hope of hitting the motherload.
Hence the term speculation as it is not investing at this stage of the company's lifecycle. Far too many variables and unknowns to know which way this company will head into the future. Writing words such as making a company a billion pound company is easy to say.... far harder to execute. And from less than £10mill market cap will require at least £500mill in capital raising and a lot of debt on top. Just look at Greatland Gold over the past 5 years and all of their raisings and the journey they went on.
Invest into GBP and other junior explorers is the risky end of the market. Nothing is guaranteed. Most fail to make money for shareholders, they are a grave yard for investors that Rick Rule often discusses. Most fail, only a couple succeed.