Don't mind this at all. At least acknowledged decline in SP and the opportunity cost that was taken on by underwriting in retrospect.
There has also been an opportunity cost in holding this stock (for some). Blind Freddy can see that if been in it for a while.
No point employing experts and not listening to them. One out of retirement.
Last jump was essentially from geological hole. Latest drilling is to test model which yep, remains intact. Modelling now been extended to new targets. That's a good thing not a whim!!
Team is 100% confident and working tirelessly in difficult environment to hone in on ore body. 100% confident that each hole adds to geological knowledge and may hit what looking for, such is the game. Each hole that doesn't hit is not necessarily a duster. It's not that binary as company has presented in more than one video by those in the know.
Appreciate open letter. Will appreciate any substantial movement in SP when it occurs even more. Wish this for all SH regardless of entry point. Wish it too, for WA as it aims to be a world force in Ni sulphides. BHP aren't stupid and they have made their intentions clear.
Looking forward to some updates from drilling and what company see as a result .
Meanwhile, as predicted market settled from biggest drop since Sept 2020.
So now it's just stock and sector specifics again. Should be an interesting couple of Financial quarters.
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Ann: Chairman Open Letter 2022 and Company Update, page-18
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