RE: Is the target price still15 Aug 2022 21:07
@GBPlums.
You have to observe. That it's almost to the week 12 months and counting ago, that this share was being blitzed daily on this BB, & despite a few of our protests. At 7am each day, by one of our friendly (not) Amateur Geo's.
Who was, every morning, repeating the mantra, that the first Cu prospect was the great breakthrough..... The numbers and progress are nailed on. Etc etc and repeat, ad nauseaum...
Woebetide anyone that questioned the grades etc. "Nonothings" was the insult thrown at any of us querying the info...
Closely backed up then, by another repeat poster who responded to concerns, again by a few of us on the very low Cu grades emanating from the dribble of Spartan drills above 500m.... That you are all "idiots".... You have no idea!!? So what,...You may say the grades are very low, yes...... BUT.... If they are large enough volume wise it matters not, with this type of geology....etc etc.
Then we have the ring leader piping in with more.... Your clueless.... When again a few of us queried that, OK, but surely open pit won't work if it's really all well below 500m.... isn't the drilling far lower to expose this supposed huge Cu resource going to entail stuff like... block caving or far more expensive extract methods logically, even if it is there in the end..... So how will that work financially?
Again we were idiots....Yes, it may take a few lower level drills than 500m now to expose the huge resourses ... But no issues, your still nonothings...and to prove it, the next movement will be fast and furious on this SP.......mark my words .. The next movement is a huge rerate..... Blah blah. Circa Autumn 2021 those were the facts we were told repeatedly by the Am Geos.... in case people need reminding!
I think the price then from memory was about 1.1p !
So what happened. No drills to prove or otherwise the first Cu prospect below 500m.... Not that I can see at any rate (but I am an idiot granted) in a whole year!
If everyone was so confident. Have to ask, why do we leave that, ignore the touted as even better Cu prospect No two, and go off to Greece for a new metal in Zn.... Delay, delay.....emmmmm have a guess....
I think if you have been in this for 4 years plus you know the answer already ..
This BOD are not interested in proving out a theory. Rather gathering multiple long, very long term prospects and spinning plates till they require more funds. Not going to prove a wrong theory wrong, better to be light on feet, and keep em guessing, hoping we haven't seen the history here ......
evidence of both the actions and dismal SP should be more than apparent by now. As has been the disappearance of most all of our Geo "experts"....
Oh and as we all know, to our cost. The "next rerate" has us some 12 months on from the hoopla... What... 75% down on even the pretty bashed about 1.1p level, and that was 100% itself down from 2.2p odd off the Plateau P&D peak price year or so back from that....