OK, I am puzzled. Have been a holder for a while now, and topped up at regular intervals. Yet I can't seem to make sense of how the market treats this company. From what I can see, the facts are that we have a large Vanadium resource, which going by the announcements is carefully managed and explored. This seems to me a well run company with smart management and a somewhat understated way of putting the word out.
Yet the shareprice seems unwilling to move from a barrier at around 40c.
On what I thought was a normal announcement (everything on track more or less, and actually, we found two new methods to recover resource with higher than expected recovery grades) the share got sold down around 8%.
For the way this company is managed I would actually expect that the market slowly discovers this company, and we'd see gradual increases in share price. Yet, even on a 2 million buy last Friday, no one seems to sit up and take notice.
What do people think - is this suddenly going to fire, or is it just a slow ride and patience game from here on in?
OK, I am puzzled. Have been a holder for a while now, and topped...
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