Very well written psk. my thoughts exactly although I could never verbalise it as well as you have.
I have always felt that PEK having Ngualla was a bit like me going to the pub and pulling home Megan Gale! Lol!I enjoy it while I had her but would not expect to keep her forever! Lol! Really as you point out Ngualla really belongs with a BHP or a Mitsubishi, and they can have her as long as they pay!Bigtime!!
And like you i want value out of Ngualla, but I would love to keep the gold. Have you seen the neighbours, not just SFR here, moreso Barrick in Tanzania! I think our gold dvelopment potential is huge, I rate it up there with Ngualla but it will be much easier and quicker to turn into cash.
One other little snippet of my talk with Alistair that came to mind was an expression he used. I didnt ask him what it meant, but I have my own interpretation. I heard him use this expression once before at a broker meeting with MM and him last year. At that time the SP was about 14c I think...eight months later the SP was 97c. Im hoping for the same luck this year...the expression was........ "watch this space!!"
Tretch
PEK Price at posting:
43.6¢ Sentiment: Buy Disclosure: Held
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