Short answer is that we have gone backwards because 27c was overpriced for where we are at in development. Kidstone is still a while away. If ppl got ever excited and bought at 27c, that’s on them, not on management. As we turn over the first dirt and head towards energising, 27c will be passed.
if you want to complain about a 20% retrace from all time highs, maybe you shouldnt be investing is small caps to begin with?
Now if development stalls, or goes massively over budget or anything like that, then Ill get concerned. But no management team gets paid to ensure the sp never goes backwards. Thatd just be throwing a heap of $ at marketing that could be better used actually getting to profitability sooner.
GNX Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held