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05/03/18
10:31
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Originally posted by jimmityg
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I love it when a contrarian comes by - makes the thread interesting.
All his/her concerns are valid. But they're also same concerns you'd have for just about any other explorer with a MC under $25m. The difference here is that we've got some cash in the kitty, good targets identified, our nearology is excellent and management have shown themselves to be competent and good on releasing info to the market at a regular chop.
However, I don't know why anyone would predict that good results or even a take over offer from Vale (!) and then still say the stock is a dog.. I've made a mint trading this stock so I know it can come up with the goods. It's not like every stock I buy into I expect another AVZ. I'm quite happy with a few bags.. (though, depending on the quality of drill results, a few bags could be setting the bar low).
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Additionally, the Itapitanga target was identified by the chief geologist of Vale.