All is not lost19 Jul 2024 13:42
Hey SM , 17.6 to current price is not that bad.
Unless you really have a much better investment, I would not bail out just yet.
There are 2 issues with this co, firstly , sorry to say Nigeria is a high risk country, a bit lawless in parts and the second issue is the LOM.
A lot of companies waste a lot on 'Admin' and they do need to tighten up on that , but it's not the world.
I can think of better investments but if the POG goes up to say 3000 next year and they discover more gold , this share should double . Don Durrett's has it down as a 4 bagger at 3000 gold , that's 60 p . I wouldn't be too downhearted 👍