I still don’t think the market is happy with Botswana and...

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28/12/23

16:53

Post #: 71644870
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Originally posted by coto ↑

It will likely just hover around these levels until the market changes and big money arrives. Seems like we have a solid base at 0.5/0.6c now. Like I said, I hold enough low cap companies which are proving up resources and actively exploring which are going nowhere right now. Whereas if they were performing as they were 5 years ago they would all have tripled in price minimum with the good results they are getting. The market is shot, the money, confidence and liquidity is not there right now. There is a cost of living crisis and most people are living paycheck to paycheck. Not a lot of retail are able to afford to invest in the share market now. Especially in riskier low cap plays. It wouldn’t matter if we were drilling in gold, REE, Li or copper. I hold plenty of low cap gold stocks which are getting good results and the share price is still at their lows. Horrible market right now which requires lots of patience and thinking long term. Especially close to Christmas I am sure a lot of people are taking a loss to get any cash back they can to afford a nice Christmas break. For me, the current lows present an amazing opportunity and I am lucky enough to have a great geo job right now paying big bucks, so I am actively buying up at the lows across my entire portfolio with a 5 year plus investment strategy. No doubt by then the cycle will be different to how it was 5 years ago and I will be enjoying things a lot more.

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I still don’t think the market is happy with Botswana and Brazil. I strongly believe that Si6 should at least put some work in the Monument gold project in WA as I firmly think the market wants to hear about this project rather than those two others Si6 have. SP has not moved on exceptional results that is telling me that Botswana and Brazil is not the go.

SI6 Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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