News: Blackthorn to have 100% of Mumbwa after BHP, page-4

re: News: Blackthorn to have 100% of Mumbwa a... D64

I don't know if I have all the answers you want. Nevertheless I don't think we've had any surprise curve-balls out of left field as it were.

I believe the following:

1) Perkoa has always been a going concern and in fact it's on the up and up;
2) Mumbwa was a hopeful project for BHP; however, after what they claim was sufficient drilling, they simply don't see the magnitude they usually deal with so have decided to withdraw - it's not as if it's a huge shock anyway. It was barely even a 50/50 coin toss. The drill reads were never really front page news but there's still good mineralisation nonethless;
3) Director buying is not always a secret signal pending good news, I've seen them buy on falling stocks as well too many times;
4) The market never sets itself to a practical level such as Glencore's buy price. As trading is largely emotional, it will usually always fall to it's recently known base or floor;
5) Roadshows don't always bring the excitement that Hollywood blockbusters do, investors always take time to digest news as they look around for countless other projects to invest in;
6) If the reason you bought the stock has disappeared then it's time to move on. I too was excited about BHP, but all of a sudden Perkoa is just as if not even more interesting, and it's closer to production.

I bought in more today at the very bottom (today's base - who knows where it'll be tomorrow).
I think Scotty has done a pretty fair job in talking and explaining where we're at rather than spin doctoring and leading us down the garden path.

Still good so far, not too much turbulence.