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20/09/18
22:28
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Originally posted by Load
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I wasnt talking about traders, but from an investment view point. Long term projects that take this long wear thin with LT Shareholders, such that some revenue is required for confidence to be restored. SP was at .004 16 months ago and was on the way to returning there. 2.16 billion SOI so they've had a lot of CRs.
IMO, the best entry point is after production. Ive just bought into one a yesterday at 60c has been producing gold for a while and the market is asleep on it. It'll be over $1 in 2019. Why? Consistent revenue.
I know about the grades, they've returned many highs assays, but the proof of the pudding is the consistency of the feed grade to the mill. We will see.
Didnt know they were planning off site processing. Where are they taking it? Hopefully that will start bringing some revenue in. Only taken a small position so far.
GLTAH.
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I recently read some good advice by a respected poster about ‘things Ive learned the hard way’ -
near term revenue unlikely to happen? Dont bother
one billion+ shares? Too many CRS = incomptent management. Dont bother.
doing business in an oingo boingo country? Dont bother.
little SH value after 5+ years on the ASX? Dont bother
consolidation coming up? Dont bother.
chart shows a consistent down trend over years? Dont bother
This mutt ticks quite a few of those items.