RE: Interesting Day12 Sep 2022 16:08
No worries AIM.
I know you generally call a spade a spade, and like most times, your close to the truth of course.
The thing that makes me hang on is that a producing mine, with 2% odd Cu very much in the cross hairs easily. Even with the macro and Cu down to $3.6 a lb. Would, IMO, be a heck of an asset in years to come all being equal. I suppose similar to here, and indeed HZM in thier respective spheres.
However whilst the turnaround case, and to be fair the mining side has been doing fine in my view.
The money men their have misjudged it badly. Hence the current price. Remains to be seen if can be made viable even with the resource now performing of course.
With the resourse scale and grades though. That's the hope. But we will see.
Present price what, last I looked. About 10.5p. crazy technically.
But it could be 2p if they can't sort the monies etc. So now a big risk reward.....
Been tempted to add more. But holding off for clues of the intentions. I would take thier mining guys to work on any of my shares, certainly here. But the past finance department there is barge pole stuff sadly.
Count yourself lucky ACPers that the gent to which AIM and I allude has not shown interest here.... Is all I will say on that side..... I respect aspects of his approach. But he has been shameless there frankly.
Anyhow. This is an ACP BB. So apologies for the diversion. But it's a cautionary tale perhaps of relevance to all?
Cheers.