I disagree with you. POG is showing continuing strength after a prolonged period of weakness and is expected to increase further. ASO has a decent find that can be expanded further and since the scale of operation will be less than the nickel, it should be able to get mining going at an earlier date and at lower capital cost. Revenue from the gold will feed into nickel development while the Ni resource remains in the ground and hopefully shows appreciating value from an improved commodity price in time.
There is nothing wrong with making money while the sun shines. The current approach is killing the share price and spoiling the company's ability to raise funds without sacrificing a lot of value. We are heading towards a share consolidation which is always a sign of weakness.
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4 | 780779 | 0.013 |
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Price($) | Vol. | No. |
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