2004,
SP is reflecting the attitude of the broader ASX market(IMO), ie it’s a buyer’s market and patient buyers are being rewarded by waiting for inpatient sellers to sell.
It has been just over a month since the last JV announcement, so assay results for drill hole 1 at Likuranga should be out very soon, surely. Note this was the core that showed visible copper to 550m. Even if we say 6 weeks turn around a result could be out within the next week or 2 based on the announcement on 26/11/11.
Add to this the Assay results from additional holes in Andewa, which should be seen before Christmas plus Tassie at a stretch, it won’t take much IMO for the stock to move north on some good results. And let’s not forget the Andewa ‘show and tell’ later in month for new, potential and old investors, only wish I was going, hopefully Liniu can keep us updated.
I would prefer to be relying on a drill rig and a lab to move this stock, instead of a politician in the EU or US but unfortunately the pollies and doomsayers are winning. This will change with investors attitude and clearer results.
Key here is patience and free cash to top up, two very difficult things to find at this mad time of year.
Pease or Peace 2004 and hold tight the world is in the hands of the most popular not the most intelligent.
CK
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47 | 61028544 | 0.003 |
36 | 41267332 | 0.002 |
9 | 53790000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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