RD9 - forget about the trivial debates on this blog and stop worrying about the SP - lots of good companies with promising projects are in the doldrums at present. Every time you get a bout of WTF - read the most recent presentation. This is a great deposit, fully funded till first production and although running behind schedule, its making good progress despite being in a difficult environment created by COVID restrictions and shortages, there will be lots fo impactful milestone announcements over the next 6-12months. The current low liquidity makes its difficult for an institution to get in or out, without affecting the SP in a noticeable way. The market is nervous and a lot of insto's and HNW's are hoarding cash in case October has another 'black day'. G1A is a slow burn, but this duck will have its day. So whatever your entry point, the only meaningful question one should ask is where will the SP be in 12-15 months ... selling during such moments in shares SP cycle will get money, albeit at a loss to many, but then what ? Do you have another stock, that is in its final maturation phase that will get the same return ? Consensus analyst's SP target is 40c+ ... Eventually Galena's PR will improve, but the management must first generate a list of milestones that will attract the desired audience.
"Galena Mining Limited (G1A) - Action stations at Abra Abra is advancing towards production, with mining contractors mobilised in September and plant works to commence in Dec. Q ‘21. With the stock trading at less than 0.5x NPV, we see positive construction updates and prospective exploration programs as a catalyst for a re-rating. Maintain BUY with PT A$0.48/sh"
G1A Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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