RE: IAMGOLD20 Jan 2021 20:28
It's just how the market works, those holding from 0.45 most likely already knew the potential here and so they may have been waiting some time. Fair play. The reason this will move to the next level is because of the value that can be unlocked from any one of the projects, derisked by royalties and interests in other projects. The majority of shareholders in these companies aren't looking for a quick 2x/3x but want 10-30x. That's the reason people invest in exploration, they are looking for the next major discovery. All anyone can do is buy where they believe to be undervalued or fair value and where the investment proposition just can't be ignored anymore. The fact some were buying such quantities in the 1.60-1.70s yesterday so swiftly suggests we'll be back there soon enough given the newsflow due this quarter.