RE: XTR29 Jan 2024 14:09
I'm guessing this is the final dregs of those short term speculators, who came on board off back of that recent Manica deal announcement RNS - in 1.25 p to 1.45 p buying range approx. - dumping and running.
I think this Manica sale deal will be voted thru.. and I think Mr Bird will find a way of being around/calling shots - even if that involves him appointing a yes man CEO or COO or PM etc alongside him as Chairman - for a fair while yet, towards having one last go round at hard core rainbow chasing ....... in Aus and/or Zambia... etc..
For a meaningful rally, we need some serious momentum generation from our exploration plays asap.. be that any/some /some combination of POC rally/JV for exploration/Drilling momentum/ cutting a deal with AA to get out of that contractual bind at Bushranger/ cutting additional licence deal... etc ..
The strategy is clearer to me now, at least.. and while not my first choice strategy, I still think the exploration assets here are potentially very good.. and the s/p far too brutally low now versus those exploration assets ALONGSIDE the ongoing fairly guaranteed cash coming into our Bank a/c
PS: If I wasn't at my max. bet size allowable here already I'd be tempted to average down at anywhere 1p ish here.. ( and while I have played this well plenty previously, my current bet is of course suffering badly now.. )