Well, another bad day on the market, and GOA dumped into, so we're at a cent.
Given the lack of information regarding updates and continually falling share price, spoke with one of the directors today. Can't report on any specifics naturally, but did discuss the funding arrangement with Bergen, as well as the status of the various prospects including Jolly Tar, Crater, Croydon for example. The indication was as expected that once information can be released to the market, it will, but that obviously no concocted or half-baked information just to say something would be delivered - can't argue on that point, so that was reassuring. But does appear that as many posters have indicated, that results for Nev33 are reasonably close for delivery to the market. On the whole, despite the sp and general market sentiment, the directors appear pretty upbeat in regards to the prospects going on. Further they are extremely busy and appear welcome to discuss any issues or concerns. All in all, while not happy with the current price, and not sure who's dumping but doubt it's Bergen, and while down a load of cash on paper, there are just too many decent looking prospects underway, and I'd expect a few reasonable announcements during the year that may pick up some investor sentiment amongst us holders. So will continue to hold out and see how things unravel. If I thought I was hurting in terms of paper losses, the directors are hurting alot more it appears. Anyway, this won't stop the occasional cynical or ascerbic post when getting annoyed, but good to speak with the horses mouth. Sorry can't be any more specific, but I would recommend getting in touch with the directors if the need arises since they appear pretty open and aware of what's going on. Plus can have a good technical conversation if so driven. Sentiment - still holding, but if weren't for the losses, would be a longer term buy. Regardless, personal sentiment somewhat better.
GOA Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held