RE: All the talk of9 Jan 2020 14:34
Tricky,
All that really needs to be said is that most of us invested believe that the company value will substatially rerate upwards when 2m oz turns into 15m oz. How you dont beleive that is mind boggling.
Ofc the market wont value the 15m oz yet as its not cast iron (its only estimated/flank isnt agreed with all agencies yet etc...) but thats the game we are playing for.
Couple that with all the MM games / tool posters (maybe yourself included)when the share price did try to rerate itself upwards from 4p - I would suggest that the big players were caught on the hop & did all in there power (& still prolly are) to rein it back.
Lets face it the rise from 0.5p has shown the market is waking up to this & it'll only go one way (up if in doubt) from here on flanks, news of sale/ or news of going into production (tho not as fast as sale news granted), so where is the risk.
The only risk is if you believe that the BOD are russian cowboys & have lied about everything so far (inc reserve levels), I am choosing not to believe that risk as I have NO EVIDENCE to support it.