RE: Gold up considerably since the 10p IPO5 Oct 2024 16:00
(unmined) proven gold reserves these days count for nothing on AIM. I have been investing in gold shares for over 50 years and when I first 'dipped my toe inn gold shares investing exploration shares moved up and down with the gold price, reflecting assets as yet unmined. It was an oversimplification no doubt but now there seems to be little or no logic behind AIM gold share prices. About the only factor that dictates 'gold in the ground' assets is the risk that the company will run out of money, or can't find a buyer willing to take over before going into production. I find it completely illogical that a company with proven gold assets, not this share in particular, cannot command higher share prices but thats the way it is. Even crazier is the fact that share prices and cash raising in for example technology and other sector shares, often with little hope of making a profit in the near term, can be so overvalued with such little asset value underpinning their overinflated share prices. Just seems that misplaced sentiment and overoptimistic future valuations are all that counts these days to make money on the market, AIM in particular.