RE: 19 trades15 Dec 2017 19:14
All the news releases the last 6 months have been great for LTHs, signs this young company has now laid down the foundations to build on. However, none of them have been news that would bring ‘the crowd’ back and say ‘oh, I must buy shares in IRR today’. The only news with real figures in has been the Chad trenching results that seemed to take forever to come. And they were obviously factored in earlier in the year with VM going on Stocktube and saying ‘I think Dorothe may be a multi million ounce deposit and echbara could mirror that’ you have to think that at 100 mill market cap, Chad (still only in the trenching stage) is well factored in, so when the results did get released there was very little market reaction. One thing I’ve learnt these past few years, business takes time, mining even longer and possibly, mining in Africa, even longer still! So, with partnerships in place, licenses secured, a lot of rock chip sampling done and seemingly a lot of trenching done, what is the next step to get the SP going up again? Drilling and results to back up the hype behind the trenching figures. I believe the SP and market cap, over shot the mark and the market now realises this, hence the steady trickle down and muted reaction to ‘good, company building news’.
We can tell, from Twitter and our RNSs that this team is not resting on their backsides, they have been all over the globe, building their reputation and getting the brand out there. Hopefully, the next 6 months will produce some figures to bring in fresh money and get new shareholders to hold for more than five days.