RE: KRS29 Aug 2018 11:34
Hi Wassatt
I’ve only been in this Investing arena for a couple of years since retiring, so limited knowledge, but here for what they are worth are my thoughts!
We’ve got the good guys, Institutional Investors, Private Investors, then if you like the bad guys, day traders and the Market Makers ! (ok not true but that’s how I’m sure some see it!)
For our share, many have been long term holders waiting for the explosion, holding, hoping for a breakthrough (in Togo and now the Pilbara!)
Then others probably like me that came across KRS by chance and liked the idea!
(holding for the dividend and potential to own part of a Gold mine!)
Our current I.I.’s would have had done their homework very early on regards to the potential, when they put their companies money to work!
So far so good, as for the news from Togo which is welcomed, it really has to come to fruition before the bigger market takes note.
As for Calidus,we are one of many down there and all have similar stories to tell.
We will need the upgraded results to well exceed the million oz mark to get the market excited.
Then, we will see both shares trading big time; some long term holders will take their profits, others will sell out and play the market on the rise and possibly risk the dividend payout should a buyout be called early.
But for sure, whatever happens we will by then have a company that will be expanding, it may take three to five years, but it will grow into something worthwhile investing in, (which is why we are called Investors!)
Regards
pc
GLA