A long time coming. I hope the team celebrated the moment with a glass of champagne. Hopefully psychologically this will help attract investors, but also free up management time! Fingers crossed we see a consistent rise now.
Hey Girdz, no I haven’t. I sold at 58 and haven’t rebought. I’m still watching closely with cash in the wings. I could miss my chance, but that’s the game isn’t it. I feel completing PC is a turning point and also eases the nerves with regards to the political situation, which is why I sold out. My risk appetite has changed a little too, which is why I haven’t rebought yet. A few years ago I no doubt would have been back in already. Political tensions have eased and the asset is still great.
If the granting of permits is likely according to MC and they are usually awarded 3-4 weeks post PC, as per previous examples. Why is the SP not moving up on a purely speculative basis as we get closer to that date? What am I missing?
Unfortunate?! Lol how long has this been going on for, what ya really happened in the last year! The one job of an exec, is to clear these problems quickly. The longer you leave issues like permitting open, the greater the chance of these things happening. This has taken far too long and this is what you get. The good geo results aren’t down to management. Poor management has led to this. This is where having leadership with finance background can let us down and should be a lesson to us all. The whittle study etc was amazing.l because MC is not a geologist, his sole job is to fix these sort of potentially ruinous situations before this sort of thing happens. Great resource, poor management? I’ve held these shares for a decade, but not for now. I trust MC’s integrity, which is huge,, but he has fallen short for me.
Very much under the radar with low volumes and 11m mcap. With of lots of promising results over several projects, I can see this receiving more attention in the future followed by a rise, certainly worth a stake.