UK interest3 Jan 2020 08:32
Uk/EU interest seems on the low side looking at the LSE volume in the first trading weeks. Forget the chart for a moment, look at the Scoping Study numbers and potential catalysts (permits, new lense at Rupice, district scale discoveries, land deals, improved economics, 1Mtpa upgrade, etc.) . Yes you are buying at ATHs, yes you have missed a great run no denying that. Most targets out there (analysts and fintwit) are +3 +4 AUD/share, still a nice profit potential no? This has been in an upwards trend since IPO and will continue developing at a fast pace. So two things here: 1/ Look at the numbers high NPV, IRR, low CAPEX 2/ look at the fast pace from IPO till today and project forward where we could be in 2 years.
Disclosure: Bought all the way up on ASX and added on LSE at 80-82p
Cheers, Pete