RNS27 Aug 2024 16:13
Well............the clowns that suggesting 10 baggers were exactly that, clowns! The results were very good, but........a lot of the value was already priced in by the SP rising over last month. A lot of normal AIM hype involved by usual crew. They need a JV for this now and I am very hopeful they will secure one after all the tests completed. I expect very good results but with "fractured" you never know if it will flow.
The raise, and further dilution, was very unexpected for me, given last 12 months, and the timing is a joke! Which idiot decided it was a good idea to pee on our parade of good EWT results with dilution/raise at same time? seriously? There are an awful lot of shares in play here now. I agree with some that more money will be needed for this unless they get that JV. Finding Gas/oil/gold, anything, is one thing, getting it out of the ground and to a market is another all together. Mining shares are for the patient, if you believe in them. Or, of course the traders of which there are plenty on here!
I, like I think others, sold some first thing this morning and on a free ride here now. I will keep what I have for the longer play. I think 12-18 months for a decent pay off. Good luck all