I like to evaluate penny stocks from a psychological standpoint. I like to put myself in the shoes of management, get in their heads, understand their credentials and understand their choices.
Age is also a big factor, this is a career for these guys, not a flash in the pan. You wouldn’t want to shoot yourself in the foot with a company you represent if you have 25 years left in the game would you? Who the hell would touch you should things go majorly wrong based on their advice and representation.
My take on the whole situation,
As I previously mentioned, this is a career for these men. If you want to go around and start comparing yourself to Sirius and Oz Minerals at industry conferences and come through with zip, you’re going to look like a damn fool in the industry, and that goes for Friedland and Co too.
Management hold a fair chunk of stock, it’s in their best interest to make the ‘big discovery’.
On the 20th of May, 2 days after the announcement of drilling completion at Mars, Apollo starts tweeting about gold and Friedland. That’s giving me an insight to how they think.
I think HPX will push for deeper drilling at Commonwealth Hill.
I think Mars will deliver. You wouldn’t drill 35 inclined holes unless they think they have something major. 35 holes is not a small fee. Gold has been confirmed. They’ve separated Mars from Bundi and Wirrida for a reason.
Good luck to all.
AON Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
