RE: Strummer28 Nov 2021 20:30
Thanks for the detail AIM.
Appreciate the info. I have to date only built a small stake of 850k shares here. So far at around @4.78p. But as mentioned was trying to build up a to anything under 5 ?
I can see, & as discussed, that this one is under current & constant selling pressure that's seemingly holding the price down. Though as per my recent experience, buying any volume still was going NT on me last week. So it remains despite this rather illiquid....? So figure that even with the heavy selling someone is loading up as our friend jetisons them, which is an interesting sign....
I will likely be targeting a few more while it's under or around 5p in the coming week(s).
Like a few others, and as you may have read there. Despite the hoopla I personally found the recent package on HZM was a bit of a let down. Whilst I added a few on the dip, and still hold a decent amount there. I am interested now in leaving that to ride and looking elsewhere frankly. Areas likely closer to production like here are of interest.
I already hold a decent amount too in a Cu recovery play that I think may be very strong come Q4 next year ( they have v good grades, but mines in real need of industrialising and proper turnaround). But they are already producing, which I am completely coming to see now as a major boon the way this fickle market is...
Here I see something a bit between my Cu play (Rambler) and the longer term ( still strong resource though) that JM holds at Horizonte etc. So the faster we get to the build here the better I would think?
Anyhow. If Bwana reads it right the selling pressure may ease soon here perhaps (?). So I guess I may have less time to build a larger position than I first thought....
Will monitor over the next couple of weeks. But again. Thanks to you all for your inputs.
Cheers.