Do we buy and sell in free markets, solely determined by matching buyers to sellers, with the price increasing and decreasing accordingly; or in manipulated markets, whereby a few in-the-know market-makers collude for exploitative price-control?
The rerate for us as a producer - because that’s what we are! - will occur sooner rather than later: at present, we are below the market-value of some explorers - go figure!
And, moreover, I would rather Fira than the sycophantic Twitterer Richard (self styled gentleman) who has been recommending SML stock for the past couple of years - had you followed his servile posts, you would not be sitting on a loss; the lesson from which conveys clarity: do your own due diligence on a share before you commit money to it.
Sammy, Take Fira with a fistful of salt - he wants as much as you for SML to be successful; but with the appalling non-performance of the BoD over the past few years, his resentful sarcasm serves as a reminder on why this company’s share-price has significantly regressed.
Quite realistic, IMO: with the continual flow of positive RNSes, coupled with similar ones to follow, particularly with the big one for the licence, that target could well be surpassed.
Gorsuch, That’s how I interpreted it, too, on the first reading - didn’t instil any confidence into me; but, PW has declared on his Twitter account that he expects PEPR approval, in Q2.
Probably wasted a significant amount of time: SML has a superfluous number of overpaid directors with, prima facie, few responsibilities for one simple logistical operation - which one director alone could oversee.
Dotcom, The Manners would not publicly disclose their frustrations on SML’s persistently enervated performance over the past few years: they are themselves in half in the public eye and it would be, well, what should we say - bad manners to publicly censure one of their sizeable investments.