It's not important what shareholders think - is how market is reading promise versus delivery.
Finalising offtake for 6 months may reach expiry date.
JV missed in June - maybe another 6 month finalising
Fines delayed for extra 3 months and no guarantee it will take longer since other announcements were not met on time.
Drilling into 5th month of 7 months campaign - no major announcement to indicate better LOM.
With that in mind, many investors know that no SP action will take place so some selling and going into more action packed stock or staying away with fear that $0.13 is still too high ATM making A40 bottomless diving venture.
Most of us are still holding and hoping that all talk is no BS and one day we get into high $30's but at the same time we all would like our wealth to be steady or growing not keeping fingers crossed that in few years time we get back where we were 12 months ago.
Should I be looking for the first time into A40 - my decision would be to wait and pay a bit more on signs of delivery those announcements than risk capital ATM.
A40 Price at posting:
13.0¢ Sentiment: None Disclosure: Held
