I think anything is possible in the current climate of fear. with such a large retail book, mostly looking for quick high returns, management are certainly copping it and with good reason.
I’ve revisited my original investment decision, a longer term hold.
I am a bit suspicious adn are in the scopes of a big player like Imery…the resource is high grade and plentiful and the NZ operation is running out, Ukrainian supplies have dried up. Great white is nearly ready to go… how many disgruntled retail investors would jump at a 15 c offer?
To many non holders mouthing off creating fear and loathing, management misunderstanding the market ( as opposed the their investors)
It’s a sh*t show at present but I’ve decided it’s worth a punt as a penny dreadful. Management are unlikely to cook the golden goose, in my opinion.
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