RE: £27 Aug 2025 22:37
It's a bit hyperbolic!
I'm really cheesed off with the movement in the shareprice like a lot of others, and the continued slide this week just rubbing salt in the wound, now down 33% from the 360p peak. I was planning to take some profit at 18p/360p, but I took a f'ing screen shot rather than sell. We've all done it!
The project is certainly not doomed though, it just feels like a few months back when we were waiting for news to fire a rocket up the SP. The news we were all hoping for was join the ASX, shares get bought up buy hungry aussies, get amazing Q4 results and storm up over 400p, but it's not gone to plan. I think only good news can kick this off again proper, and I gather no drilling results will be released until the next quarterly results.
That leaves simple price movements, sooner rather than later this SP will be seen as 'too cheap' and we'll have a couple of bluedays, then we'll shoot up to 300p before the usual slow decent. The next results will put a floor under this, we'll produce a shed load of gold, the pile of cash will be large enough to fillup the telfer open pits, and we'll get some exciting drill results, not just from Telfer, also EG and the others.
PS, ASX200 inclusion in Sept will be a good too.