NES 0.00% 0.3¢ nelson resources limited.

Not sure that the Company does itself any favours with the Ann...

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  1. 1,461 Posts.
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    Not sure that the Company does itself any favours with the Ann headline "Exciting New Gold Results..." this headline is just a recipe for disappointing Shareholders when we read the details of small intercepts not deserving of too much fanfare.

    In relation to Company sentiment I understand the Shareholder views of both optimism and disappointment, because both are reasonably valid.

    ~ Some posiitives : we have hired a skilled geologist, we have our own rigs, we have tenements with at least some prospectivity, the Company has grand plans, it is still early days for this explorer.

    ~ Some challenges : the share price has halved in a short space of time, the expenses are piling up, results to date have been disappointing so far.

    On balance I still think this is a long term bet to hold until end 2022 and await results of their 2022 drilling campaign. Just my view - all bets are risky, albeit no doubt there may also be some better bets out there ! The Company is currently reviewing what they have found to date and working out where the best potential targets are for next year, so it will be a while before new drill results.

    GLTH
 
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