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There are some minor problems to overcome now and I am pretty confident these will be resolved.
Judging from the past it has taken a bit longer to resolve some local political issues and if the board have overcome these i see a very good and successful way forward.
After the Friday RNS it has been more palatable how the ride is going.
The RNS which was released on Friday doesn't give the thumbs up to do get MB to start preparations for drilling .
What it does is show shareholders that things are progressing very rapidly. The formalities will be completing in due course and that PM will be in the driving seat
This fact alone is enough to push the sp up slowly and steadily and those hoping for a 5x bagger and more will have to wait some more time.
GLA
It seems that the BB is now 90% discussing who said what to whom and when .
No amount of ramping or deramping or name calling has ever affected the sp in any way shape or form.
We have seen the truth ourselves from what has happened yesterday .Only officially released bulletins will bring this SP to where we all want to see.
Lets all concentrate on the real issues folks.
GLA
For a good jump here a decent further RNS is required to confirm no more hurdles to overcome and PM is ready and waiting weather permitting to start ground preparations. There has been some big steps in the right direction to get there already and we should be happy the trend is up and we can see a bit of wood from the trees.
GLA
About time Master.
Years of waiting and patience should bear fruit and it looks like there is light definitely at the end of this tunnel. I am sure I speak for a lot here who like myself have stuck in and this could be the beginning of the end of the 7am itch to see if something is posted by PM
GLA
Professional it would be fair to say that some very fundamental progress has been made today . So in that sense I would agree with some here who are excited and feel we are getting there at last.
The SP hasn't gone north without a good valid reason. What we now need to see is if we have any further hurdles to overcome before we can actually get the black stuff out of the ground.
That's a debate for another day.
GLA
Well let's look at it logically.
If this RNS is clearly implying that drilling has no further hurdles than this SP is way too low and the stock is undervalued .
There is a possibility that something is not crystal clear and one or more hurdles need to be overcome
GLA
Well folks we have waited and waited.
A few more hours or a day or two will clarify the situation.
I see progress has been made but this doesn't somehow mean we are all ready and dressed up to start drilling .
The shows not over
I honestly and truly believe this can turn around and all we LTH deserve a lot more after what we have been through but it will take a long long time. There are no quick fixes here . Greater things will come but we may need to put in a little more in terms of a time and even cash to get those long awaited rewards.
GLA
@doc
Yes I agree that I was bullish about the investment prospects here and it seemed at the time that WOS was a good poster and his analysis were accepted by many.
However every decent investor who has an ounce of a brain reviews his investment strategy and starts to look at the picture within a given time frame. And I have done exactly that.
To me personally it doesn't matter if Wos is right or wrong or something else.
I am posting ALWAYS about how I personally feel this ride is going.
GLA