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What’s everyone’s thoughts on spud price, and behaviour afterwards? April’s highs of 15:50 and double the fund raise at 16p might be sticking points?
Totally agree. What planet are people on? Some serious scaremongering here. We’ve been told to go away with a plan (which we have), and as per DB’s interview, most of the concerns have been addressed in the production application which the committee haven’t even heard yet. Remember, the application to leave the testing went it in April. Loads of work has been done between then and July which addresses all the issues raised. These weren’t mentioned at the planning meeting. I can see a rise from these levels on other news before anything more gets heard about Wressle.
Today would have been a good time to buy after that decision. As pointed out, it wasn’t the production application and has very little impact in reality. It’s the production application we’re really waiting on, and it only means slightly more costs putting an appeal together rather than filling in the site. Hopefully we won’t need it once production approved. Some valid points raised at the meeting in the link within the comments below. From comparing these with the CEO interview on 4th July it appears most are considered in our production application. IMO, this, along with imminent news on bisc drill makes me think that today’s dip would have made for a very good entry point and a 2-3 month hold for big gains. DYOR.
Dead as far as I was aware. They’d sold off most of their assets, had a lot of debt, and the mine they did have was coming to the end of its like. Made a bit off them a couple years ago, pleased to get out when I did.
I’m amused at how the MMs manipulate the price. Last few weeks we’ve seen a few sharp drops followed by days of even bigger rises. It’s almost like they try to panic people into selling them scoop them all up. 2020 by end of week might not be on the cards, but certainly expecting it pre-results, if not 230
Unlikely. Can see it sticking around here for a week or so. We’re in a better place than this time last year, bugger company with more revenue, share price will reflect that. Maybe people holding off until Q1 results in couple weeks. I’m certainly expecting 220 by then.
Appears a low market cap for the size of the stones they’re pulling out the ground. Another 115 on an RNS today already beating the total number of 100+ recovered in 2017.