General comments/chat, page-28478

I voted NO on the relevant resolutions. I don't own that many shares though.

There is not a stock on the ASX that isn't bot traded. I'm in a small cap where there have been seventeen trades today for a total value of $23k and yet ten of those trades appear to be low volume bot trades.

I'm not surprised that the share price is where it is. It doesn't seem like an unreasonable valuation being made by the market here. The lack of a mining license doesn't help. The fact that it is in the hands of bureaucrats and outside the influence of management is a risk factor that the market should be pricing in. It is one thing for the long term holders to look through that risk. It is also another thing for those shareholders to see blue-sky potential of opportunities not yet scoped into economic studies and development plans. But it is also understandable for the market to discount that and focus on risks.

Let's not forget that many of the long term holders are either free carried like myself or sitting on very low cost bases, multiples less than the current share price. That is a different scenario to an investor pricing and timing an investment right now. The chart does not say buy right now from a technical analysis point of view. So we are stuck in the doldrums until there is a catalyst for a move.