RE: Institutional Investor26 Jul 2021 11:36
Nonsense is one word Wiseinvestor, unless of course you inferring I have no sense with the french for no:P
I agree with that post, barring that one thing obviously, but I have to ask. Was your old target 4p or 8p? As if it was 4p you need double the insitu value to get there now. It's all good and proper having Y billion USD of X in the ground but if the market gives you a 0.05% of 3 month spot price of X value the MCAP may not move as much as some hope it will, and I include myself in that list of hoping for a large move. But that % move has to spread around a larger sharebase now no matter the drill results.
I'm being rather cautious after 4 years of investing, that started with SXX o.0, in AIM I was personally targeting ATH for a top slice in the trading account, the ISA is not to be touched. So we are not all that far apart. I just cannot help but feel the CEO has robbed all the LTH,some still hurting from last placing, of a chance to take some off the table if we could have just had some news on our copper assets first.
Oh on a side note. Another holding of mine recently RNS'ed drill results that included 17g gold per ton. Damn thing barely moved, I think we also need to remember Mr Market is by default pessimistic and he seems to be in a funny mood lately, even by his standards. Sure we have all heard the speculation on GGP and EUA boards RE II's and market manipulation as well.
Good luck and good health.