RE: Invested but not as bright as others19 Nov 2022 16:08
Many of the valuations or price expectations that are regularly posted on here are either blatant ramps or just delusional dreams, based on nothing other than it will make the poster a nice round sum. They always ignore the mining jurisdiction risks and the large increase in the number of shares over the last 4-5 years.
It’s usually the same posters that claim we probably have multiple more tier ones in our tenements… based on absolutely nothing but blind hope.
There is a reason the markets and analysts attach barely any value to the rest of our portfolio.. and that’s the odds of finding another of truly tier 1 scale discovery, are enormous.. yes, we have some value, in that we own the rights to explore such a large portfolio of tenements, but until we restart exploration, and have drill assays from them, in reality, they are just plots of jungle and farmland.. Nothing more.
The suggestions that our share price will soar over £1 or even get close, based on a sale or JV in the near future, is just head in the clouds stuff.. of course I’d like that to happen, but it won’t.. I would rather sell my entire holding soon, if we can structure any deal that sees our share price rise, closer to, or even over 50p, than wait another 6-7 years hoping that it may eventually see somewhere near £1..
Our current board have achieved no increase in shareholder value over the last 4-5 years, and I cannot see them suddenly finding the competency required to do so over the next 4-5..
Just my opinion.