Thank you for the question, CS. I don't know whether you are being serious or just trying to set me up for the kill. But I will do you the courtesy of a reply.
Do I prefer.
"
a) go from 25c to 15.5c while progressing solidly through milestones; orb) go into liquidation, evaporating your holding altogether."
The short answer is a preference for "a". That's a no brainer. In reality, I am totally against "b", and dislike "a" intensely.
If the project development is as intended, I am on record as saying that the fair value for this stock is about $0.30 per share. My opinion is supported by my assessment given the information to hand. (see my earlier calculation for discussion if you will).
Look at the long running saga and present situation.
There has not been a significant upward surprise since the heady days of search and discovery. Every milestone passed has been solely owing to the hard graft of the BOD, nothing spectacular or unexpected. A few negatives in the mix.
What is happening now, is that the market is coming to grips with what appears to be a monumental timetable blowout and host of future unknowns. Stage 1 completion and EIS resolution, both on the critical path. See IW post for possible unforeseen environmental complications. No debriefing to hand leads to uncertainty.
BFS, FID and the whole question of financing are also bang on the critical path.
IMO, for the share price to get good traction just about every important announcement from hereon will have to be an "upward surprise" or at least no negative surprises, or else. EIS in two months, Stage 1 in three months, BFS and FID early 2023, mammoth funding and share placement arrangements by early next year. The next six months is absolutely packed with activities.
I am all for discussing the next six months if anyone is interested. It will be a most interesting time.
As I intimated, I don't think the market would be kind to negative surprises. IMO. J L.
(20min delay)