The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
SP back to 2p today?
Certainly is..... watching so many holders whip up into a negative frenzy and implode to create and fulfill their own losses has made interesting viewing.... CB making what he believes are positive decisions for the business sending the share price the other direction.... end result is a stronger business at a really attractive price..... if only I hadn't averaged up and then down as now have nothing left to throw at this so will just have to wait. A new batch of investors will see the value and come in unjaded.
There was a suggestion of an interview with Alan Green, maybe for next week. He’d just done a Uk share magazine podcast for ECR last week so you’d think they’d want to space it out and have something new to say. Makes me wonder if there is a comm plan... which is what Alan Green does isn’t it... present the investment case
Or does he have some more potential news to start to turn sentiment back to positive to share with Alan Green... would be a smart move to keep something up the sleeve
I think what I like about CB is he is emotionally invested, so was a bit rattled on the interview. However he has a plan and a way forward, drill, learn, drill, negotiate, drill, drill, drill, drill, drill, drill, drill, drill, drill, drill, drill.... then panic.... I don’t understand why so many holders crystallised losses before doing the above
Too high hopes for instant SP gratification. Long term investment case still sound and to play for... but big difference between buying at £0.007 and £0.04 for almost same state of play. Pricing in fair bit of upside, pre-outcomes is quite speculative. Thinking back to the Alan Green podcasts last year when I got in things haven’t changed that much; except now have a drill rig and more cash.
Not particularly, Id rather wait to see what a fully funded and equipped explorer can find... I wouldn’t forfeit a tennis match either if I hit the first shot in the net... but that’s what @Lochrabzalad has done & is entitled to do that. No issues from my point of view - I just think it’s a waste of time to keep ranting.
And I don’t understand what you are trying to achieve now... comfort from mutual dis-satisfaction of a collective of stung shareholders who got in high based off high hopes?
Maybe time to get out this share then, sounds like your investment case has broken down which is one good reason to exit
do you not think that JV less likely at the moment? I think he wants to get the drill rig running for a few months now which is why the raise. Get a better position for a JV deal?
Having said all that it would have been awesome to hit the motherload straight off. That news came today on the Avacta COVID lateral flow test clinical trials... could be the pharma motherload instead. Would have been nice to have x2 belter RNS
Yes but knowing the results as they are now do you think the cash raise was a good idea or not? How would the information have helped you to have it earlier except it’s reassuring you on ur investment. Is it more or less reassuring to have released the results earlier and then any raise would be likely lower price. Time is what the CEO wants here to do this in the best way his experience tells him. All points to buying time to have space enough to go and do that. Patience is what we need and a bit of trust in the experience of the individuals. That’s why today was a relief because the realism of time required in now apparent to all.
Have to say I’m feeling some relief after today. Drill results are finally shared & given the ok but not blockbuster results good to know we have cash raised to keep plugging holes and firming up the opportunity. Craig has bought time to get properly busy with that drill and block out all the noise of anxious shareholders who piled in at 4p hoping to get jackpot news and pile out again at 10p 3 months later. We all still have the same opportunity ahead of us just without the instant gratification to worry about now. This path is less stress and what difference does it make if CB didn’t heavily communicate during the last few months? The only difference is those who bought in late would have jumped out.... now I guess they more likely along for the long haul. In my view selling the potential which is what CB has done is not a promise of instant glory.
Are we there yet?
The only thing Avacta are testing are my nerves
Be happy.
Good days will come
Some stocks will, some stocks won't
Some stocks need a lot of lovin' and some stocks don't
Well, I know I've got the fever but I don't know why
Some say they will and some stocks lie
So here I am in front of you
Not really knowing what to do
My heart is feeling something new
Nervously I turn away from you
I see the looks you're sending me
Is this the way it's meant to be?
It's something we should talk about
Just give me time to work it out
Some stocks will, some stocks won't
Some stocks need a lot of lovin' and some stocks don't
Well, I know I've got the fever but I don't know why
Some say they will and some stocks lie
I find your company to be
Something completely new to me
Now that I know you socially
Obviously I'll fall heavily
I've seen those looks you're sending me
This is the way it's meant to be
There's nothing left to talk about
Oh, how I wish you'd work it out
End of the day this is going to come down to a basic question; is there a crazy amount of gold to be dug up or not. If there is then ECR will find it and when they do they won’t be giving it away. So is there a heap of gold or not? Craig put us out of our misery!
Craig stacking the deck in his favour. Not his first time around the block so he's happy to play a longer game & he now has more time from the funding to call the shots and not allow pressures to force him into a negative deal short term. Over the long term this is more important than the price of the raise in the short term. Blind faith and progress..... just roll with it!
Its an unexpected bonus opportunity to buy in at a decent price..... a bit of clarity and if some positive gold price moves and I think we will be moving up fairly quick