Just bought a cache at 1.1c. Price may dip to 1c but I think that will be the floor.
Can't blame LTH (long-term holders) for cashing in at 300%. They would have bought for 4c and most cashed in at 12c.
It's supply and demand.
IMO it depends on what you consider the real value of the company to be.... for me value is 2c with transition from explorer to producer. And 3c for the 100,000 tonnes at 10-15g/t grades. In the near future (perhaps next year) at 700,000 tonnes per annum plus NZ gold and Ashford Coking Coal I still think well over 10c.
DYOR ... but Dugsab, Towie and the LTH crew seem to be pretty chill and still enjoying the ride.
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