It's crazy. 40% down over the last few days, and with no 'negative' news. Consolidation should be neutral, but I guess it raises fear of further placings. In short, this is all obvious, and I would (like to) credit the BoD with some common sense and good judgement. In their shoes, I would be either following the consolidation with a very positive RNS the day after, or even just before.
Either way, they have a lot of recent options at 0.14, and they won't want to be seeing this go downhill.
We need to have a published mining plan and confirmation of JORC. That should see this fly.
Having read my own post, I think I should be clearer. In short, I am expecting a clear plan and commitment to actually start getting some of this ore out of the ground, and I don't want I hear another excuse for not getting the diggers out!
If a buyout is on the cards, is that going to be a good thing? Bottom line is I was looking for a decent multi-bagger here, and if it's a buyout, the possibility exists that it could be acquired for less than that? Mind you, they wouldn't offer to buy until we know what's in the ground, and by then it could go into the stratosphere?
Not sure I can explain the drop today following buys over the last couple of weeks, and good news that has come out recently. I realise it's not earth shattering, but down 13% at one point this PM seemed a shakedown to me.
I am still hoping to see a decent rise in this shortly, and hoping Greg is going to update us on the plan for Kvemo Bolnisi East Project following August's RNS. News should be about due.