RE: Activist Investors?15 Mar 2024 18:51
I'm here for that big discovery SensibleGuy .. and that would of course underpin a significant rally here.. but my lack of trust/belief in management here has this as a trading share for me now.. selling down into any meaningful rally ..
Also, the bears/derampers deserve their moment in the sun here now.. because they've called it right for an awfully long time here.. and the Bulls the opposite.. especially clearly so recently
And finally, I've watched in here for plenty longer than I've held shares of any note here.. and while I understand fulmar to be an intelligent guy who posts the bull case well, I'll also now offer that he's gone from one of the posters I most believed in here to one I'm most cautious about.. he's effectively a mouthpiece for management here imho.. and very unbalanced in what he posts.. and as I especially now see management here are clearly weak in a variety of important senses, I feel I now have to be much more cautious on what Fulmar says here going forward.
(Towards balance, management did get the JV done and that exploration is is in the hands of AA experts now, thankfully.. and that's potentially great in itself !... but all the rest of activities management are now looking to focus on - Botswana.. other Zambia - has me worried that they'll spend a bunch of money for little return.. and with their large salaries on top too, there will be ongoingly proportionally large cash burn here as a rule imho .. so I'm stepping very cautiously here now.. however, between 1.8 p and 3p+ is a clear enough path in my mind.. and as I have a relatively low average versus the field, that's a trading opportunity in itself for me.... and here's to that play out occurring in the coming months, very please