Absolutely I want the SP to go up. How you expect it to go north on the back of the last 3 months is beyond me.
1. The company very sneakily lost 900,000 ounces of gold in their approved MR but not once indicated a potential downgrade until 2 days after the approval is granted. Just 18 days previous they were still promoting the 4.47 million. There had been ZERO indication there may be a downgrade in those numbers, regardless of them now trying to repeg and get approval.
2. The build up to real mining is appalling. Do any of you realise when this thing is actually now going to be rerated as a profitable gold mine?? All along they had shouted about being able to get down to the shallows, please don't mix this up with the Mickey Mouse early mining initiative. When the production numbers come out it's now almost 3 years away from anything rather than 18 months that most expected given the existing infrastructure underground and lack of it needed above ground. One of the longest and biggest holders pulled the pin on exactly this point.
3. They are way to small and don't have the capital to be getting distracted in WA or now doing a Uranium Drilling program. Where on earth do you think they are going to get that additional capital??? I'll tell you, another CR which will further dilute current stock holdings.
4. People here have had access to information well before it is announced on the ASX. Some of them have used to their advantage on the market, some have been so stupid they even announced it here.
5. Yes I have been more actively looking as I have had 2 weeks holiday in lockdown. What I have found about the people within the company isn't great reading. If you can't see how bad the optics of having someone with access to sensitive information in a position of trust that has been charged by ASIC for insider trading, well you are just blind in your faith or something else
So yes, of course I want to make money, but the company is not looking after you or me with the current pathway. It is simply looking after its own pockets.
I will continue to express my opinion both good and bad especially in light of some of the outrageous upramping that takes place here. The market is always the determiner of right and wrong!
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