You (@Oldgoldminer1) are spot on with your behavioural assessment of WWI and if the WWI behaviour keeps going to script there will be 3 x CR's a year Mar/Apr & Jul/Aug & Oct/Nov and a 'marketable' announcement (with a fresh new PowerPoint) every quarter, and the same 'motherhood' statements from the Chairman for an eternity.
And the trend of a 1Bn new shares every 3 years will continue and your dopamine levels will spike to the moon after every CR, as you bash the keyboard, calling 'suckers'!!. To use your analogy, if we allow this to happen we (WWI holders) would be dairy calves, off to the veal market without even sucking at the teat.
The Gold price is rising because of Central Bank and Country Govt demand, the biggest and most secure money! Without getting into the 'why' this is happening, it doesn't look like slowing/stopping anytime soon and it appears as though $2k USD is not stopping their demand.
Gold equities have not kept pace, there has been a divergence because Institutions, Shopfronts and Retail have not seen a need to invested in the Gold supply, over EFT's, Green Commodities and Tech/AI, once again, not going into the 'why'. As Gold stock runs low, production capacity is maxed out, the Gold Price will multiply further, causing suppliers or producers to become more attractive.
Uranium has demonstrated this recently, stock ran low, production cap is/was maxed out, commodity price went 2x, now Institutions, Shopfronts and Retail are looking for uranium equities.
Scott has a great track record of success and doesn't look like the 'dairy calf' type, the longer this runs without activity (he thought or was told 'on-track' for production '22), the more anxious the partners will get, particularly if the Gold price keeps going up and up and up.
We want the Chairman to start mining and the more the current behaviour continues (you are 100% right on that) the more this movement will gain momentum and once powerful brokers like Wingfield Partners get jack of zero activity and/or the same current behaviour (because they want a return on capital), it gets real.
That is to say simply: the more you continue to be right, paradoxically the greater the momentum, the closer to change and therefore production.
I sincerely hope you (@Oldgoldminer1) can detox the dopamine levels, Madge likes dark chocolate with almonds because she finds alcohol, c*caine, p*rn and social media too addictive.
The easiest solution is for WWI to push the button on mining, let's get it going Chairman!
WWI Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
