Plonko do you think everything happens over night with Speccies. for example I held ESG for 7 years before I sold them, I bought them at 9c and sold at 92c. I have already mentioned SFR, EGO I have traded for 3 years and am still holding a heap (there management sucks but the resource is massive). BUY wonderful communicators but I lost 70% on them because they hit a duster. SGL held for 6 years they were good to me. But all of these Co's had exactly the same issues we are seeing here. Some work out and some don't. I am here for the resource and management will fumble through and they will make it work IMHO.
It is a speccie this is how they play out, there are delays because they don't have 30000 employees like BHP. Management here actually have to do everything not just send out communications, chasing the labs, talking to future JV's, negotiating mergers, in and out of lawyers offices, in and out of drilling company offices, in and out of geo's, creating RFQ's & negotiating contracts, answer as many calls as possible etc etc etc. I know I used to do and see most of this, Now I am not defending them just making sure that you know they are not sitting on their arse doing nothing. They just need to do better.
There have been announcements stating that the labs have delayed the results, last time and this time, and it is common knowladge that there are more mining and G&O companies than there are labs and drill rigs. But you have to stop worrying about the drill rigs unless you own Gas and Oil companies in WA like I do (It was just an example of WA's shortages etc).
200m dump .....What is preventing stock from movingyou ask, fear as to why someone dumped 200m and bunnies sell there stock because of it. People just sitting there picking up cheap stock why should they drive it up. Yes DSO is there, how much?? Infrastructure and what is happening with WA, Chinese etc
Mereger has to happen to benefit everyone so don't really care re that space as I believe the largest holder in AGU is for it so it will happen.
We don't need to be asking eachother these questions....
No company sits there and announces a blow by blow, they annouce the big things, in this case less than what they should... as an part owner of a company why would you sit here saying the same thing over and over when you have a direct line to management....call them and stop freaking out...otherwise you may need to leave before you make yourself sick.
Your last comment is great... that is exactly why I am still here and willing to wait as long as I have too. Nothing is worth anything while it is in the ground unless we know how much is actually there and have a way to get in to the Chinese.
The gamble is that we have heaps and I mean heaps lots more tenament to explore, and hope that the infrastructure is approved and finally built....hopefully with our input.
Long term speccie at the moment...or short term buy and sell regarding latest drill results.
Plonko at the moment IMHO the gamble is worth the price...hence why I am buying and averaging down my cost.
IMO It goes to S%&T then we may loose 50 to 70% it goes great it may go 5c - 50c+
I am in it for the gamble.
Good Luck All
Bobby
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