Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
These delayed trades just proves the huge amount of interest here. Large volume over the last few sessions which tells me this is going higher and people want in. I know the perfect entry price is always the aim but long term you are best off doing your research, taking a position and then letting it run. Lots of news coming this quarter. I'll keep adding if drops much lower than this. Our partner IAMGOLD doubling their exploration in neighbouring projects is a big hint on what's to come. GLA.