Theoretical LowToday's share price action of -7% is normal volatility. In fact, the decline of almost exactly 50% from the intraday high of 5.47 in the 12th of April 2017, is normal volatility for all stocks. Mining, and especially exploration shares, should have a volatility of 70% or more, where by volatility I mean not standard deviation but maximum lakes within a year or two. Today there was the statement out of Yuma. He never changes his tune. The big bad foreign miners are making too much money and we need more, because the money we got so far is gone. Presumably, Gecamines needs the money to make those pricey acquisitions and large capital expenditures they are well known for? To create more jobs in the Congo? To help the little people?
The tax changes are significant, but not unprecedented, as they happen in every country at some time or other. They were also coming for some time, though many thought they would never materialise. I'm not sure I see further tax changes as a risk, nor title. The main thing would be financing in this environment, and the risk of civil war. It is getting tenser in the Congo as the election date nears and militias smell weakness in the regime. The drum beats are echoing through the jungle. If all hell breaks out in the DRC, and it looks long-lasting, I don't see why the stock wouldn't got to 1.50, which would be a billion dollar cap, or maybe a dollar, which would be about 600 million. it could happen. Force majeure would mean they would hoard their cash, not spend it on Platreef, which would be madness. And wait for the dust to settle. The future is uncertain.