RE: Sticking with it19 Jun 2019 10:53
“anybody that obsesses about the mine ,marvels at the engineering of the project is wasting their time if the object is to be a successful investor”
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Whilst instinctively inclined to concur, in this instance - and somewhat paradoxically - looking to what is actually developing on the ground could very well lead those feeling unsettled now to becoming successful investors in the years ahead.
The share price is undoubtedly under pressure. And there’s every chance that may remain the case for a while yet. However (there’s always a however), the very cause of that pressure - namely the component parts of ST2, should also afford a degree of comfort and succour also.
Put it this way, whilst disappointment and disaffection are currently the order of the day, it is the willingness to countenance such a reaction in his investors, that should demonstrate to any who may have doubted it, Fraser will do WHATEVER it takes to drag salt to the surface from the guts of North Yorkshire. As such, worries currently impacting on price, such as the need to get the bonds away, should be ameliorated.
Granted, investors in this company may never actually see the full return they had hoped for. The converse is that the current price - which to my mind at least, reflects perhaps over exaggerated concerns - certainly does not reflect the fact this mine will be built. And over-played Gina concerns aside, current shareholders are extremely likely to enjoy a share in that.
One day.
Regards,
per ardua ad astra