As a short / medium term investor maybe, but Justin obviously has a longer term view on things.
Spending $1-2m on drilling that may or may not achieve anything (what if there's nothing there?) that pumps the price with no real plan to execute long term isn't what I would want to see if I was a long term investor. In fact that type of behaviour would see me selling out as I know they're solely focused on SP appreciation but not necessarily delivering on real value.
Yes you could argue money has been pissed away in the current state, but strategically the direction is clear - lets build up a world class manganese asset. The companies name is Element 25, not Multi Element Pumpybois
As a short / medium term investor maybe, but Justin obviously...
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Last
28.0¢ |
Change
0.015(5.66%) |
Mkt cap ! $61.57M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 28.0¢ | 26.5¢ | $19.53K | 73.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19230 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 41666 | 1 |
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| E25 (ASX) Chart |