I had kept an eye on this for the geology and seems to fit into a pattern of ASX and indeed worldwide base metals miners and developers being ignored by the market despite the rise in the price of copper and other base metals remaining static. Even developers in first-world jurisdictions such as the US and Austrlia have struggled for market traction, but I thought US jurisdiction might have made this a different story, especially with the re-election of Trump and more trade and tariff uncertainty and attempts to get government and permitting issues out of the way of mining projects in the US.
Take the points from other posters about management possibly failing to capitalize of the possibility of adding (multiple?) new orebodies rather than suffering from what some could call "tunnel vision" and drilling only Antler.
In this case it looks like Central Asia Metals Plc could see value at Antler that the market could not, or refused, to see.
CAML quite the interesting company with a surface SX-EW operation in Kazakhstan, and the Macedonian underground base metal mine and head office in Carnaby Street in London. If and when Antler happens in the future and if CAML is doing it, I think it will be the first new build mine for them to construct, although they have considerable underground experience from the Macedonian mine.
A very small investment from me quite a few years ago - and has only wiped its own face as an investment in the last few days thanks to the CAML offer yanking the share price up violently, so a tiny bit of capital locked up without growth for quite a few years despite all the drilling.
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I had kept an eye on this for the geology and seems to fit into...
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