I disagree with your "lost and far from home" description.
I see a Company that reacted quickly once Gold Links went bad and sold the asset to preserve as much shareholder funds as possible.
Post Gold Links, i see a Company that has focused almost 100% of its expenditure on the Colosseum project. It has increased the resource by 300,000 ounces, and importantly, it has increased the measured and indicated amount of the resource. I also see a Company that is moving forward with its plans to commercialise the Colosseum, it is undertaking a scoping study to determine best way forward and will then embark on a feasibility study.
What i see is a huge difference between the market capitalisation and the actual value of the Company's assets and i guess that is why Johnson and Baghdadi continue to invest, but as i said earlier, why they haven't privatised this asset in absence of market appreciation is the question
DTR Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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