Yes it was a good conversation. One I greatly appreciated. Michael gave three reasons why he believed the market isn't responding positively to the story. I agreed with two of them but understood the other reason.
This project isn't your typical ASX Pilbara Gold mine. The company is taking a staged approach to development given the five different mining areas. Keep in mind those who understand NPV that the Qala Shallows has been discounted at an 17-20 year mine life. Typical projects in the Pilbara are 7-8 years at a time.
We had a good discussion about the two markets of investors. Day traders and longer termers. One typically makes the most noise given their investment strategy. Be careful what you read online especially from people claiming to be true believers/long termers. Will use platforms to spruik whilst selling. That's the market though in general i guess.
A few folks were competing to HELP US get finance and he's happy with how things have and are progressing.
Again really enjoyed the chat and has put me at ease. I'll load up with some more if it drops below 3 which it might. I believe others will too.
Call the company if you have any questions.
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