IMOIf you're buying below 0.20, it is better than money in the...

First 51 Last

Share
Profile

Follow
gweston

979 Posts.

79

14/05/22

09:28

Post #: 61405254
Share

Originally posted by MIStragic: ↑

I don't think the regulator would be too happy with an MD issuing SP targets other than an anodyne " we believe we're undervalued by the market " type statements. The reality is he has many things he can't change e.g. the constitution of the BOD, the remuneration policy, past missteps like the funding arrangement etc, nor can he do much about the WA difficult mine operation and construction scene with high labor and tightening credit markets and significant inflation ... this makes it very challenging for a manager building any new mine especially an UG with its construction challenges and geological uncertainties, even if its fully funded, on budget and on schedule.
A sane person concentrates on the thing that they can affect, and recognises and accepts what they cant change. The MD and his team can only affect the mine and plant construction by energetic intelligent diligent application to completion of the mine and plant, on time and on budget, and achieving first pour ASAP. Even though the shareholders are feeling there's a vacuum, and that the ship is rudderless and drifting into an endless desert, all this in the context of a major market correction, G1A is sound company with the prospect of a real long life producing asset that a growing world economy will utilise - cant say the same about many other investment alternatives - G1A is very unlikely to become bankrupt and sink to zero value - whats in doubt is the quantum of that value.
Once fully commissioned, a better SP and liquidity should ensue. Its a long wait, and unsuitable for those who need to cash in shares before that time arrives ... but so many stocks are like that when an investor adopts a long term fundamental approach instead of a technical day trader approach. Unfortunately when one puts money where your mouth is, it can finish up in the toilet.
G1A is my worst performing stock, but, although looking comatose, its actually hibernating with a strong pulse - hang tough - G1A spring is a mere 6-9 months away.
Meanwhile perhaps the MD could give a monthly construction update ?

Expand

IMO
If you're buying below 0.20, it is better than money in the bank.
You will get min. 100% capital growth, and a div. In the near future.
A great stock for my super fund .
glta

G1A Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ADH

Adairs MD and CEO steps down after 17 years in company management

FEG

China's Xingye snags 19.99% stake in Far East Gold, eyeing latter's Indonesian gold play

SRN

Copper and zinc zone prove exciting news for Surefire close to WA's Yidby

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

DEL

Delorean unlocks $30M through Tanarra finance facility for bioenergy projects