RE: .2323 Jun 2021 12:04
Ian, is hard not to be frustrated and angry with this stock.
GF done some really good things, but not enough to improve sentiment. GF never ever comes up with any news at the right time. Now, even though he stated in an RNS (13 April) that they are expecting to have definite confirmation of early revenue generation from the waste rock by mid-May, over a month ago - still nothing even though the SP is rotting.
The SP retraced from the highs of 0.56p to 0.3p and failed to advance because GF did nothing to feed sentiment, the market was looking for a showing of gold … but never materialised even though he has been in the mine for over a year. Even on a webcast, he used a gold sample and said it was from a previous expedition (why wasn’t it a sample that Alba found?). He also showed a sample of concentrate, again it was a piece from before that they found (why wasn’t that a piece of concentrate out of the pilot plant?).
SP hovered above 0.3p for more than 6 months and it eventually broke below 0.3p. Why? Because GF promised bulk sample assay results at the end of Q1 and when Q1 came he downplayed the expected assay results and delayed laboratory analysis. SP tanked.
The sad thing is that when the bulk sample assays were later announced they were brilliant (up to 165 g/t from concentrate) but the SP failed to gain ground because sentiment was severely damaged.
Now we rarely hear about Clogau, no tweets at all and we are waiting for the overdrew confirmation of early revenue generation which I suppose may come when the SP rots a bit more and breaks the 0.2p support.