will stall the sp for sometime to come though, market makers won’t want it higher as its counter productive for them negotiating with JV to get to 100% (which Zeff mentioned a couple times in prev interviews that they’re aiming for but couldn’t get JV accepting a price)
once the lawsuit is quashed/both parties settle at price, then we’ll see some stronger movement north (hopefully) on MRE upgrate later this yr, also need a SS to put the $2500 mark mentioned earlier to rest for more realistic PoG for profitsbility (from memory he mentioned they’re expecting < $900-1000 usd aisc so lets see).
While stranger things have happened (& we see things fly when sector is in demand -eg AZS 19.5-40.5 in 2 days as nickel sentiment was good from wsa TO potential) & one can hope PoG > 1900 could potentially fire up most gold specs let alone one with a mre thats awaiting an upgrade, one should be
ready for a slower longer growth instead (with bulk of that reliant on it becoming a mine given most spece never eventuate to one), should it go on to producing in 3-4 yrs time though (& if pog is good then), lots of ifs & buts I know, their aim of having a 100k oz annual for 10yr Lom should mean multiples of current mcap (despite the capex to go with - open pit helps ofcourse), but till then, will be a bumpy ride nevertheless.
while one can’t blindly trust what directors say (rushed up mre for perf shares classic as everyone knows), hopefully them buying $200k on market at 10c & for that area to be sold into thrice with each time seeing some support, hopefully it’s at the bottom/close to it for medium term.
dyor ofcourse, I’m no expert & still learning (realising I know less than 1% of the info out there).
despite being a holder, not sure about sentiment myself as I wouldn’t be avg down given past experiences, so prob hold for now & wait for tide to turn (if at all expecting it & have the patience ofcourse, rest, no harm in ppl moving on to other potentials, always a catch 20 at this end of the market with sudden bursts in either direction)
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