RE: ALBA18 Aug 2021 18:03
Copland, you are right in what you say. IMO the problem with the SP rotting is the way GF handled it - His over the top expectations management and most of all ignoring the market expectations.
The fiasco with last years bulk sample assays has broken the SP back. He promised bulk sample assays at the end of Q1 this year and when Q2 arrived he downplayed the expected assay results and announced a delay - this resulted to the very strong support at 0.3p that lasted for many months breaking. Now the 0.3p level has changed in to an extremely strong resistance. The irony is that when the assays were later announced were excellent but did not manage to break the 0.3p resistance. A series of good news after that failed to do so too.
When the market looses its trust it takes a lot to regain it back.
Where is the gold? Surely they should have shown some by now? Last time the mine was open, two guys with shovels were in there producing gold and selling commercial jewellery within the same year. How come GF with all the modern technology has not shown us any gold samples yet?
Easily revenue generation looks like is not going to be that early, in last webcast GF said they will revisit the waste rock for more sampling in a couple of months - why not get the permit and get in there and get the pilot plant working now? This should have already been done months ago to boost sentiment.
In one of the webcasts, long after the pilot plant was in operation, he showed us a piece of concentrate and said it was from previous expeditions - why wasn’t that a piece that came out of the pilot plant?
Ok, enough said. No choice but to wait now and hope for the best.
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