If you are a short term investor who holds stocks for six months...I wouldn't be worried...as you now have confirmed jv and confirmation drilling will take place later this year...
Sure the sp will languish as traders don't need to be in this stock given drilling later in the year..
But in the short term you will see a rise following positive confirmation of FIRB approval which is at maz a couple of months away....
And then in five months you will see sp creep up as we approach drilling...and this will be the big game in town so do you really think the sp won't be ..at least doubnle where it is now prior to drilling....
If you had uncertainty about drilling taking place for Artemsis because of uncertainty about jv then yes you might be better taking losses if short term investor..but otherwise you have a very high confidence of the sp being significantly higher as we approach drilling..
The cost at this point is the opportunity cost...of holding with possibility of not much rise in the sp and possibly even falling further a couple of cents....if you are a very short term trader or day trader that is too great an opportunity cost...
But if you a short to long term investor....relax..come back in five months and start looking at the share price and start to think about drilling...
Looking at the charts this looks like it doesn't have much more before it should reverse...but I am not about to claim a rapid ascent after that for a little while yet!!!
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