Fugeki, i share your opinion about the MC of $30M. It seems crazy to me that anything under 10 times that lacks logic.
Since the last share issue, cash reserves are probably enough to bring us up to production given that in the 2017 year we spent $2M on exploration etc and cash reserves being $8M.
Is it so long term that the SP is so restricted? Wish i knew why the price dropped 50% in the last 5 months.
21.3c back in November and the share placement actually improved the company's financial strength despite watering down our equity.
Then IMO, there's the possibility of a take over.
I've also got a small interest in GGG and the political situation in Greenland doesn't phase me at all.
Any thoughts>
Time to top up again at 11c
Cheers
PGM Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
