RE: Confetti19 Dec 2024 20:34
Sentiment, sentiment is what its all about in mining. If you follow the progress of GGP from Havieron exploration days when the share price stood at what we are now it peaked around 40p in the space of 9 months purely on the strength of drilling results. Alot happened in between then and now and the SP has tumbled right back to 6-7p. Gold production is about to start and I look forward to my investments on the way back down rising again steeply next year. All this was done on the strength of a huge gold find. That company is completely different to this and their way has been to drill the whole of Havieron out before going into production. A slow process. From my understanding KAV has a completely different approach and has many potential production targets. The great hope currently is the open cast gold mine in Zimbabwe producing in the next year providing $650.000 a month cash flow once the 'quick' build plant is in operation. I take this with a pinch of salt but the prospect is there of considerable short term cash term. There my comparison with GGP ends but my point is that if this KAV gold production is likely to be realised sentiment, sentiment is all, will quickly rise and so will KAV share price. The two companies are quite different but the 5,10 20 bagger you speak of will be attainable as I keep repeating sentiment is all, underpinned by cash calls or/and the much vaunted Zimbabwe .cash machine.