RE: Almost back to the placing price19 May 2026 11:06
a gold miner, which we are told is fully funded for production and which has institutional involvement. the share price should be showing a steady gain. instead it's on a four month decline and has fallen 40%.
the issues.
1. can fathead be trusted? no, of course he can't. these miner bods are all the same. they'd stab their own granny for a couple of quid. is 'arry building a mine? or has he gone on a massive ******? he is australian after all.
2. news. lack of it. doesn't have to be an rns. there's a wonderful thing called the internet that lets you put out construction updates out at minimal cost. use the bloody thing.
3. ethiopia. an untested jurisdiction, as far as large scale mining goes. huge reforms have been made of course, but even that can invite some dodgy geezers. the natives also have a habit of killing each other horribly. doubts are valid.
4. it's a miner. things take forever. i'm currently in bezant (lon:bzt). it's much closer to production than kefi (first concentrate in q4 or sooner) yet the share price is lagging, as we await details of finance on a tiny amount in mining terms. there was also, like here, an unexpected placing. see point 1.
5. perhaps it's a dog. stock market history is littered with companies where logic suggested the share price should soar, but didn't. as someone once said, the market can remain illogical longer than you can remain solvent.
6. rampers. there seem to be a lot of them here. i'm always suspicious of those who are relentlessly positive and refuse to see any possible downside. their depressing activities are counter productive. shame they can't see it.
personally, i've sold half of my holding at a modest profit. i sleep easier that way, and there will always be a chance to get back in if the sp starts to go in the right direction.
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