RE: Performance and pr8 Dec 2019 09:54
My technical knowledge is not great, but I have also had the same thoughts, ie why should the sp be so unloved.
I approached this slightly differently...
CB and MC picked up 183 million and 85 million shares respectively in the placing, done in the full knowledge of the results at that point.
Whilst the met results are still outstanding, management must have had a significant amount of confidence of the expected results to have remained personally involved, it’s not like they have earned vast fortunes.
There’s a significant amount of background preparation for a mining project to begin, no point in pursuing permits if you didn’t intend to start.
The management looks set up to explore and prepare rather than mine. I personally believe Jesus is the only one with any real desire to take this much further, ie to actually mine.
The setting up of a data room points towards timescales shortening and moving the project towards a sale.
There is history of avoidable mistakes, and no one can deny that shareholders have had a significantly awful journey so far, but in my opinion, the balance of probabilities makes a compelling case for sticking with it. Dyor wdik
Numpty pi