RE: Keep the optimism going24 Nov 2022 19:15
Ben you raise a valid point about why this remains in the low 7/8's after so much splendid news.
I do believe it was partly hype, partly concerted buys sells and some shorting ( though I am not of the camp that believes shorting is the key vehicle for this lowly SP if I am honest.)
I think it must be over hype a while back, sentiment currently, POG factors and the general global macro and geopolitical malaise etc plus I do believe NCM have not of late sung our praises the way they used to, taking the shine off our limelight. The relationship might be perfectly polite and now SD has shown his spurs, an increasingly more respectful one , as David has more than once, stood up to the mighty Goliath, but it will be a slow burn until certainty, then production and beyond plus luck and better climes globally. Boring but true.
We need the DTM and the DFS as well as sentiment and better times to lift us off again and in my view a new strike to make this a compelling buy into GGP who wish to move from explorer to miner .
I also cannot make complete sense of where we sit, but still have faith as it is a giant of a find by all accounts and a monster in the making. It needs some luck, sentiment and another catalyst to get the level 11's onboard in greater numbers.
All been said before but we sit, we wait, we hope and we watch and absorb research. All we can do. I believe it will come good, Just will take a whole load of more time