the time is right mr reid
Yep you could be right, although it would be much easier for the damn things to move up to a realistic NPV style market cap without me having to head up the drill team.
I hate being wrong, and I have spent a bit of time researching these boys.
I might have to pull up stumps if this stock can't charge on what they have. That is why I doubt myself sometimes. The value of this stock is just too damn easy to figure out, so why has it not gone into orbit.
A source very close to me tells me that Colonial dumped their stock because they had been instructed to get out of 30 or so similarly capped stocks, irrespective of the upside, downside or whatever side they may present. I though it would have been a lot easier for them to cross them to homes who like the story rather than dump on the market.
In saying that, the stock has held up very well considering this is the case.
A resource grade upgrade should propell these well past the dollar mark on such a tight capital structure.
Beyond this, a process of continual resource upgrading will just keep it kicking.
If the overhang is done and dusted then the time is right to light the fuse.
So Mr Reid, flick the switch
LETS ROCK
PS, People please do your own research. IMO this company is extremely undervalued on its NPV for the Maun Copper deposit. I am indeed a shareholder. This is my big tip for the year. I may be forced to hang up the boots if I am wrong.
DNL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)