I think there are a few reasons people aren't onboard with this...

I think there are a few reasons people aren't onboard with this one.

- The market is full of uncertainty at the moment
- This is an illiquid stock
- The company is a start-up and funding could be challenging if markets continue to struggle
- Has yet to commence drilling

I agree though plenty of positives with a medium term view, diverse mineral exploration tenements, strong management and quite a good capital structure [although i would expect further share issues to raise capital further down the line]

It is Xmas and some may just be looking to opt out, although at 12c or less thats a hefty loss from the IPO.

Spec buy and thats the nature of the game when you invest in the early stages.