Hi there, Robo.
First of all, my concerns are not just for TTR, but across the board, and certainly no negativity is aimed at Steve or his team, just the circumstances we find ourselves in.
I agree that gold should rise considerably if the proverbial hits the rotating gizzo, and that it would be good for TTR's fundamentals. It may or may not increase TTR's prospects of gaining finance due to risk factors. But if TTR was away and running, it should do well from the increase in GP.
But what would that do to the share price? I think a lot are under a misconception when they think that their gold stocks would be worth a motza if everything crashed & gold went through the roof.
Think back to the lows of GFC1.....gold stocks performed not much better than other stocks, did they?
And my pet stock at the time fell from $1.60 to 8.9c low during that period. While trading at 8.9-11c, they were making $$$$$ galore, and paid off $40 mill in debt....none of which reflected in the sp. It is still only trading at 33.5c as I type despite having terrific fundamentals. I'm referring to here TTR's cornerstone investor, JML.
So, I learned from that......
If the worst happens & the POG goes up, TTR's sp may not follow & in fact it may fall, along with the sp of others, no?
And you and I might be sitting in a hovel, with a single 6ow globe burning comparing roadkill recipes, lol.
And meanwhile TTR is performing well and making lots of $$$, which are not reflected in its 2c share price.
That incident with JML shook me, as I couldnt believe what I was seeing on my screen, while reading the financial statements.
My case for my fears & uncertainties rests.....
If I survive the next few months with any dignity (or survive at all, lol), I will suggest a nice meal & lots of drinks at my favourite spot in S.A. - the old mill at Hahndorff......one day.
cheers
GZ
Hi there, Robo.First of all, my concerns are not just for TTR,...
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