We all know the history of this company.
The reality is this isn't the same beast.
Martyn is an extremely experienced guy. He knows this region inside out having worked on in underlying for 2 years. He has very good relationships politically and also with the Russian partner. Geophysic equipment has arrived and Australians arrive shortly. JORC is on going and they even have access to perfect assay samples from the last 70 years. The drilling by the Russians was second to none but their ability to understand the potential resource from these samples wasn't great. And they only went about 40 metres down.
Martyn is solid and I am backing him. He will deliver. You can remain bitter about historical events or you can earn your money back in the new resource. This will surprise a lot of people by year end Mark my words.
The perfect storm could also be brewing in general. Gold expected to rise significantly at a time when we are using open pit mining to help finance the drilling fdeal main targets - most companies don't have this luxury
Is that the co remains a shell which has to be doing something at some point in the future. Thus it may not be the next few days or weeks but it will happen.
Furthermore, there have been many many large share purchases by specific individuals and I can't believe they would throw money at old rope - something must be brewing.
Thirdly, David Lenigas invested £200,000 and apparently he doesn't know why. DL doesn't invest in anything he a)doesn't understand and b) doesn't expect to rise significantly.
Good luck all.
I think the majority invested recognised its fundamentals also. Shame SP hasn't moved. I was expecting a rise to 2p by now and yet we still languish sub 1p. Very frustrating but a SCREAMING BUY
I tweeted ZarMir asking whether he expected a correction in the Markets and he responded with an interesting tweet - markets blackmailing the Central Banks to prevent rate rise - all markets massively oversold but if any truth it could get worse
It's strange how the SP went up despite there being more sales last week. I expect the SP to rise but I think it depends on how the rest of the market responds. All over sold.
Volume Sold 2,578,817
Volume Bought 4,363,275
PE Ratio 10.256
More buys than sells and SP drops
PE ratio low relative to most companies
Decent dividend
Has to go up soon.
Just needs a catalyst