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11:53
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Originally posted by Mickafisher:
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Yes newbie thats the whole point. The markets since covid are not holding markets. The australian market is a dogs breakfast of traders and get richers which quite honestly beat the absolute shit out of long holders. At no point this year have we been better of than where it sat exactly 12 months prior with all ths "derisking" that includes an mreThat includes renard optionthat includes two drill updates one infill one outcroppmet has put out 7 sets of results (or more) this year to our 2 with us having an impending "mre upgrade" in the next month. its absolute trash! Even after abermarle withdrew theyre still giving their holders updates with an avg daily volume of over 5 million- 8x ours. And yes they'll take longer to production you think their holders don't know that? There's a reason they're still over there and why pmet is worth what 7x us? if i have to sit through the rhetoric of hyper rampers on this forum than you guys can sit through the other side of the coin. I havent sulked and said i should have sold this stocks a dud bla bla, ive said its not good enough- and quite frankly it's absolutely not. They're taking the absolute piss. and if they dont clue on to how the market works then theyll be forever at the bottom of the pile even with all the derisking they put out. Imagine getting to production stage with 150mt at 1.4% and still only worth 700mill. Thats what will happen if they dont switch on and anyone sitting here saying "oh but significant updates are enough" and "it will sky once it's all derisked" are absolutely delusional.i have never in 10 years seen a code not hammered for its lack of updates especially when theyre a junior or explorers- which they still are!
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And fyi i still have a target of $7 by 2026 but imo thats a shit target given what they sit on and what theyre doing. They need a story teller to create hype around what theyre doing.
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