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24/04/18
20:10
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Originally posted by Gouldians
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I don’t care about the licence issues.
Do people actually think the investors in the last few rounds of capital raisings are going to just give money away without due diligence. Do people actually think management would raise money to drill something they can’t access??
My issue is the lack of SP appreciation so close to assay and potential JV/TO outcomes. Do people actually think in a week the SP will be bounce with assay and conclusion of due diligence discussions?? These are pretty much “known”. Assays around 1.5% as the deposit is fairly homogeneous and offtake or TO is eventually going to come...yet we still linger at 21.5c.
Perhaps something else is not quite right. ML paid and now silenced so management take it upon themselves to pay for AFR adds?? How about just releasing results and letting the market do the rest.
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Good observation. These guys will have their own geologists and legal dudes go over the project before they commit. The will stump up the cash on much more informed opinions than the average punter here.