yeah I was disappointed as well (less with the retrace, more with the price at which they did the 2nd CR). To be fair,
a) Most other goldies from spec to large caps had massive drawdowns, RRL, NST, LCL, MZZ & so many others (despite them announcing pretty good profits or massive drill results etc)
b) We moved from the spec phase (1 to 11 I say as 14 was just a blow off top for 1 day with minimal cash in hand) so understandably lots of speculators including some large holders from those 1c 2c entries took profits to move on & prob enter closer to the late construction/ main production phase).
c) Not everyone understood the phased approach on DFS clearly perhaps, many prefer shorter lom with increased annual output to show a larger npv (& perhaps the jurosdoction makes it a trade for most instead of invest).
anyways it’s history now. Lets see how the future unfolds. Hopefully it moves in the right direction as the next lot of events occur.
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