Not too many small cap explorers are flying at the moment. Your sentiment for this company is based on buying at the wrong time. I also bought at the wrong time but have since brought my average down to 57c.
Most small cap explorers have had a similar performance to Titan. Yes there were delays with the Dynasty JORC delivery but we have since seen that it hasn't had much impact on our shareprice. The sentiment just hasn't been there for junior explorers.
Market waiting to see the news about the Linderos Gina deal becoming official and the company receiving the first payment. This is taking longer than I had hoped but then we can see some drilling there and hopefully see the first Dynasty JORC Resource upgrade. Possibly another JV for one of our other copper assets.
Gold at all time highs so hopefully some money will start to move into the junior space. We already have the resource in the ground at Dynasty alone. It's just a matter of how much more we can prove there. Then we have 3 other copper assets with Linderos drilling funded.
There has been a lot of M&A activity recently in the gold and copper space and we have seen some increased interest in this company. I think we have the right assets in a pro mining jurisdiction to attract more interest from the majors. After the recent Regis ruling, we have seen that Australia is no longer a safe jurisdiction for miners.
I understand why you are negative on this company given you sold out after holding for a few years. I personally feel that we will see 1$ which for me will give me a decent return. Time will be the ultimate judge as to who's sentiment was right.
TTM Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
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