Maybe worth considering that Bradda Head does have c. $16m in cash and highly experienced and competent directors and other backers including Jim Mellon who hold a c.20% of the company. Whereas RRR has A Bell who is highly experienced in blagging and dilution.
So to summarise, you think going from a c.50koz producer back to a c.80koz and then up to a c.110koz producer during the course of this year and into early next will have no effect on the shareprice?
Not sure they were terrible - yes you can find projects with much higher grades but that doesn't mean these were terrible necessarily. But the SP reaction would only make sense if some very high expectations for this particular project Wikeiup were baked into the shareprice. Bearing in mind this had already dropped from 15p+ to sub-8p I struggle to believe that was the case.
Also worth remembering this is just one of at least 5 different projects (more if you consider the several different areas that make up Basin), and also this company is very well resourced for the next few years. Looking at some of the selling this morning you would think Wikieup was the be all and end all of Bradda.
Have you tried reading news releases, watching the recent Youtube video etc, or maybe contacting the company directly? Might be more fruitful than asking on here?
RE: AB tweets meeting with inhouse Congolese legal team27 Jun 2022 11:20
I have taken a tiny stake here as befitting a Bell stock. Seems like a reasonable chance of some action here in the near term, but then again it always does :)
Did you read it? "the voting figures provided by the Guernsey company secretary to the Company within the RNS announcement on 16th June 2022 were incorrect."