Reflecting on Tuesday's Nexus announcement, I must say how disappointed it was to see the SP drift lower. I ask myself why as I want to learn for future investing, and I simply do not know, and I don't think others truly know neither.
The announcement was simply brilliant.
1. Great drilling results confirming the real probability of a 5 Klm strike length at Wallbrook along Corridor 1
2. Amazing drilling results at Clement along Corridor 2 and "in the Right Rocks".
When adding Corridor 2,3 & 4 to what we already know about Corridor 1, you need to ask why the SP has declined. The team at Nexus also expected to see a much higher SP after the announcement was released. Remember the gold is in the ground, and isn't going away. The Team is going a great job with continuous updates to the market. What more could the market ask for?
Recognising there are a lot of variables in play around the world markets presently, I have decided focus on what Warren Buffet has told us, again and again, "we should be greedy when others are fearful".
So, I shall continue to accumulate as we will see the SP return to its highs again. Nexus is simply too good.
Wishing everyone a wonderful weekend and best wishes with your investments. Remember to be patient and the rewards will come.
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