Calling the bottom has unfortunately been a never ending battle ...... 4c, 3c, 2c, 1c, ...... The joy of spec stocks.
I still feel the MC is lower than it should be, with all things being considered. But the biggest hurdle facing the company IMO, is actually re-instilling confidence in holders/investors, as so many have had their fingers burnt.
But they're taking the right steps IMO, and hopefully they'll turn things around. Jason is very optimistic, upbeat and looking forward to getting stuck into exploration over the coming months ..... but most importantly, he and Mat have acknowledged that the direction needs to change, and look to be backing it up with more than empty promises. This is probably the most crucial CR and ultimately, few months ahead for the company. It will look cracking on their CV's if they can pull this off.
I did mention the whole Kyarra fiasco, to which they completely understood the frustration of seemingly not having actual exploration/result reporting match up with what is announced and expected by SH's.
Fingers crossed for everyone that is still holding. We all deserve alot better and hopefully this is what we'll now get.
I'm actually really looking forward to the announcement of rigs being deployed over the next month, then the Paterson. I almost forgot what it felt like to be preparing for actual holes to be drilled
Anyway, enough sounding like a broken record...... lets hope the CR goes off without a hitch and the next lot of posts are about actual exploration.
Cheyne
MCT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
