I guess this is not a good idea. Sell Perkoa und make a step back from producer to explorer again ? Not really a step in the right direction....and not in the interest of us shareholders. Wait another 3-5 years to maybe see start of production at Kitumba ? No thanks....
As Simplesimone stated: We do not have the full picture and therefore I am quite disappointed that the have released only the half story today. I guess we will see another trading halt in February and then we might know what is all about here.
I really hope that the underlying assumptions of Glencore were right and that with the enhancements the profitabilty of the operation can be really improved. Furthermore it would be nice to see some news coming from the surroundings of Perkoa in regard of new exploration results.
I was always of the opinion that such zinc ressources occur in clusters and therefore there should be more zinc in the area. Obviously an additional ressource would substantially change the picture. But in the last 12 months we have not heard anything exciting.
Some shareholders are of the opinion that this is a good opportunity to buy more shares. I think, this is completely depending of what we might read in the coming days in one or the other broker update and before we do not have the full picture I were not surprised to see the SP fall further.
A$1 is not completely impossible under such circumstances especially if we do not see the one or other positive announcement from Kitumba(Mumbwa) that might stop the fall.
Obviously at 1 A$ I would buy...and top up. Nevertheless I was hoping to not see 1 A$ never again and was rather prepare myself mentally to cope with the A$ 2.
Overall a disappointing day. Trading halt was okay...but I really really wonder, why it was not possible to wait till February to show the full picture. This time dear Scott the things went wrong in my view !
At the moment we do not know if the glass is half full or half empty. I am not amused.
I guess this is not a good idea. Sell Perkoa und make a step...
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Last
2.5¢ |
Change
0.002(6.52%) |
Mkt cap ! $174.7M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.5¢ | 2.4¢ | $348.7K | 14.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 346700 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 2977988 | 7 |
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| Last trade - 15.50pm 08/11/2024 (20 minute delay) ? |
| BTR (ASX) Chart |