You seem to repeat this just about every post. It’s the same thing over and over: you can’t see the SP budging at all this year.
You mention this is a LT hold for you but JP touts 1 million oz’s by Xmas. He may well be full of it but on the hand he may very well achieve it. You must be giving him zero chance of getting there - or making any significant new discoveries - as you can’t see the SP budging and in fact expect it to drift.
I’ve probably looked at this company with rose tinted glasses at times, but the question I’d put to you is: if we don’t significantly increase our JORC resource this year - meaning our management is full of cr*p - why the heck would you want this company as an LT hold?
If the market values us at 17 cents with the amount of oz’s we currently have on the books, you don’t think we’d get a re-rate if we doubled our oz’s by Xmas(?)
Two things get the company some kudos from the market at present: self-funding, and the ability to go mining when needed and do it profitably.
So if we add increased resources + new discoveries to that mix....again: you can’t see a re-rate(?)
Drilling of IP targets at Blister Dam this year...no chance of big discovery(?)
Scoping studies for mining at Anthill and Jacques / Peyes, maiden resource for Binduli, resource update for Jacques / Peyes, resource update for Anthill - all due before Xmas....no increase in SP(?)
Would like to get your reasoning on why you are sticking around and putting up with the opportunity cost of doing so.
You think the only thing that will move the price is a ‘big discovery’ or ‘Vanadium news’ (whatever that means). Just on ‘Vanadium news’, there is newsflow indicated for between now and Xmas but you must have missed it, as you’ve said you can’t see anything that will budge the price.
