Yes, and every shareholder should be giving them an earful and bombarding them with phone calls and emails about our expectations and to start escalating activities on multiple fronts. It is not good enough that the share price is at the lows during this generational gold boom period. I cannot believe that some of my early exploration gold 'speccies' are performing much better than HRZ. It is one of the only producing gold stocks on the ASX which is actually going backwards.
Grants email is [email protected]. Generally, he is very responsive and seems like a nice enough guy, but I do get the sense he does not understand what retail holders expect and want. Clearly all the attention is towards the big end of town. I get that in a way, because if you want to establish yourself as a company with growth potential, you need to keep the institutions happy, however this should not unfold at the detriment of retail. Maybe further feedback may wake him and the other directors up.
For example, I did mention that Nimbus was primed for further attention and escalation of drilling, and he said that was going to happen but that a lot of shareholders want to focus solely on the gold and keep it gold focused. To me that sounds silly, because Nimbus is going to have a higher profit margin than a lot of our gold assets with the way silver prices are breaking out. I also asked why retail did not get a chance to be involved in the recent raise and he replied that in previous raises retail failed in the uptake. I gather he was talking about the raise in 2022 (share purchase plan) which had a 1/4 uptake. Well at the time, gold prices were about half of what they are now, we had a shift towards battery tech, lifestyle characters were still in management positions, and there was uncertainty with Covid. It would be a different story now!
I really hope the news flow ramps up. I am getting very impatient myself but apparently the institutions are all holding tight and in this for the long haul. IMO the recent selling is tax sell time related. I am going to give them the benefit of the doubt for the rest of the month due to the annual selling pressure this time of year, but if nothing changes July onwards then I am really going to start getting angry. By the way, I just voted against the tranche 2, we have to start showing them retail are a powerful outfit.
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