RE: 6p23 Jul 2020 00:39
Obvious point to make is that current % loss is largely dependent on the “L” in LTH.
As shared before, I’m a relative newcomer to EUZ (18months approx) and have invested heavily in recent months trying to bring down my average. After the last few weeks, I’m still now 55% down, according to HL (ignoring it!) but with a sizeable holding.
The history of this share is clearly classic AIM: the faintest wobble of the news dial (positive or negative) can send the SP off in either direction. But to date, from what others have shared and I have read, most of this company’s history has been about chasing the dream to have the chance of becoming a mine. Honestly, I can’t imagine what 10 years‘ worth of listening to “jam tomorrow” statements is like, but as I said, I’m a newbie.
What is clear to me, is that things appear to have changed in the past few months versus a year or so ago in terms of the reality of the potential resource as well as the need for a tightening of the ship necessary to sail this project forward... whoever happens to be at the helm.
Nautical metaphors aside (rarely get my feet wet, tbh), I’m finally optimistic about the next few weeks.
Hopefully JSE is sorted in the morning, we can lose that ridiculous spread and see some competitive trading.
GLA.