We need to exercise patience. I am not worrying about the news, but more on status. This is what is important to me. I can see that news would be important to some as it is clear that people are waiting for news in anticipation of higher stock prices. However, you should be treating your investment as though it was your business. This is so important. It is clear to me that we are heading in the right direction and there is a plan on how we get there. I am also confident that the business is thinking about what it needs to do should the plan fail (mitigation).
This assures a high degree of comfort. There have been many occasions in the past and present where I have watched my investment go down -70% only to recover, without any fundamental reasoning. Take ORD as an example. We are at the same price we were 12 months ago when we had JORC upgrade, MOU for offtake, MOU for funding, appt of IPO consultants etc. How is that possible? The answer is the market has no confidence. ORD is riddled with day trading and short-term positions and when the market turned so did ORD. The LTs are still with us because they know the story and they are experienced.
However there are some important things coming up, but I must stress this is my opinion (again have already stated this):
1. March: Yuqida JORC. Am expecting 80-100% increase on this tenement. 2. March: expecting further resource estimates based on acquisition of nearby tenements. 3. March: ann new gold asset. 4. May: ann intention to spin-off gold assets into a separate listed entity. Possble float Oct '12 5. June/July: resolution of Caledon/CF (but updates along the way).
VAN Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
