RE: Just dropping in. 0.8p minimum. Thoughts?2 Nov 2021 20:16
IK
No I can't spot any flaws, I believe we have seen the drop off due to lack of news in the summer and then the market knew we needed funding.
I was expecting the placing, always disappointing to be diluted, but, the word that jumped out of the placing RNS was "oversubscribed", as soon as I see that I know the sp should recover quicker than in normal placings.
As you know I have been here for a good 12 months now, but, I still believe this is one of the better copper/ gold stocks out there at a bargain price. I predicted 1p many months ago here, I still think this is achievable with some good news on one project, and we have many to choose from. I have likened this to UFO, the same story, sp up and down, hitting highs of around .030 then back to lows of . 007/8, then it took off to over 3p on excellent news. Now back to a more reasonable level of 1p.
Added in the mix here however is our Mankayan asset, which as you point out should be listed on the ASX in the not too distant future. The key however, is the licence renewal, due this month. As soon as that news hits expect this to rise considerably, always a risk as we need that renewal!!!! CB has commented that he can't see any reason it won't be! This should be the next news.
Good luck with your buying, I'm sure you could do with replacing that McLaren!!! Good to see a lot more interest here, but, with the sp where it is, its not surprising.
Surprising thing is, where has quack a day and his sidekick disappeared to? Come on give us a laugh.
Mr T