Nope not what i'm saying at all .... he sold and then came and demonstrated to us his reason for selling .
Quote : from the 13th sep when sp was 0.7c
youd be wanting to wait for the cap raise before jumping in. current spot at historical high grade produced (say $17440 @ 65% grade) has aud revenue at $16008. assuming they recovered the entire 20% of contractor margin by going owner miner, doubtful ($17300 aud - 20%). they are running revenue at $13480 meaning a margin of circa $2200 a ton best case. so theyd need to process 45 tonne to make 100k. projects before new strategy was 550 ton per annum.. meaning a total possible profit per annum of 1.2 million. giving a value projection of 12m mc... at 10x earnings. if they banked every penny it would take 7 years to bankroll t1.
cr is coming.
******************** Unquote **********
What do you think he should have done , come in and show us all why it might be a good time to sell and then have to get in a sell queue with anyone who saw the truth in what he was saying ?
I've seen Blister ( over the last 2 years ) being both positive and negative about the company as information was released and sometimes i vehemently disagreed with him and argued back and forth but i always respected his opinions unlike some others here who constantly bagged the company even when there was no reason to do so.
All we have ever had to make a judgement on is what the companys' Anns told us , and the fact that Blister and others saw red flags on the last few is their good fortune .
ANW Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
