RE: Mineralisation at new target20 Nov 2019 10:10
So are you saying that the drillers don't see this as an investment if they are selling their shares? That flies in the face of what NvS was saying.
The "market / SP is where it is because it reflects where the company is at this moment. For me that is exactly what the interview highlighted. In a nutshell, a lot of unknowns ie :-
- size of the deposit . Huge amount to do to get any positive reaction. As Matthew said, (paraphrasing obv) very little to hang your hat on at the moment including the Anglo Am ranking stuff, NDAs with big players (par for the course), talk of it being a takeover target, bloody ell, what isn't?
- uncertainty around the sale of the gold assets, will the stage payments be met? I may be wrong but what happens if the purchasers don't do any / much further work? This sounds a bit lap of the Gods stuff.
- A definite requirement to raise money, issue shares, bit of processing (maybe). Great that we have got a little dosh in (assuming it is in the bag) from the sale of Casa / Sturec as NVS said, "Good not great"
Etc etc....
Having said all that, I really am not anti the company it's just that where it is seems right to me at the moment.
IMHO.