Yes, farmboy agree with your POV. As I said, our Future Fund should start investing in Australia's future - our very ore in the ground. Instead the mom's and pop's super$ are highly tied to bluechip stocks like the 4 banks.
...indeed it was three steps forwards and one step back and that is healthy. But look the A$ is at 97.8c and silver A$ is at $29.60.
I am happy to see resource smallcaps up on a day the All Ords is down..
What we need is wider coverage and I do wish the management consider seeking dual listing on AIM which would help increase stock exposure. Really, $65m valuation is ridiculous for a stock at doorstep to production of a widely sought after precious metal - you have to compare against stocks like Iron Road (IRD) and Central Petroleum (CTP) both having market caps of $65m and $56m respectively to see its comparative value (or undervalue)...Unfortunately it is not the pick of D&D this month.
CCU Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held