Rhyme OR Reason?, page-11

Investing in a mining stock is not only about resources but just as importantly the belief and trust in management , If you look as far back as September 2020 announcements you will see that was when investors started being frustrated and losing started losing a little faith in some of the management If you pay close attention to the upgrade of resource announcement it was a little fluffed , That was than confirmed by the fact that 2 days later there was a conference and the big boys did not show faith in the managements presentation You just have to look at PDi and see how the sp changed pretty much after they announced new findings and after they attended the same conference . No doubt the resources are there !
I often come across sitiuations like this where the resources are great and appear to be economical viable to mine but prices remain fairly stagnant or retrace further . This of course is a 2 wedge sword when the sector is in demand the share price does not move at the rate of its peers so you potentially lose opportunity cost by not investing and seeking opportunities elsewhere . and than when market sentiment is weak in the sector the s/p retraces harder and faster that the peers that have management are happy with .

There are quite a few gold stocks out there with more OZ resources than aut , Albeit with lower grades though . that were stagnant during the previous bullish sentiment towards gold and still oblviously remain stagnant now that the sector is not in trend .

I do believe that aut will come good as its jurisdiction and resources are far too compelling to ignore . The main near term catalysts are still 2-3 months away so that is where we at. For me personally I sold the last big chunk of my parcel shortly after the resource upgrade announcement . I am still invested here but nothing compared to before . However i have also sold most my gold holdings from the other stocks i hold . Because as we all know market sentiment is just not there for gold at the moment , Gold will be going a little further down before inevitably going further up again to continue its next leg of the bull run.

May the force be with you all and may you all prosper from your endeavours !