I can only imagine Kera's envisioned a higher S.P by the time a successful release of the PFS is complete. A lot of investors would have to.
Management have been diligent in meeting objectives they set out, substantially increased reserves and appointed key people to kick start this project and they have cash in the bank to, yet the price doesn't reflect this.
You're probably right though, this time of year always sucks when you're holding a stock that hasn't performed and tax loss selling kicks in.
Short term pains for a long term plan.
Perhaps Keras have revised their strategy.
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