RE:RE:RE:RE:RE:RE:RE:Catalysts to Development & Share Price
DoggerJT wrote: FrankCowperwood wrote: I saw a lot of succeful exploration companies like PMET in Canada. Their stock price overshoot on retail enthusiasm to make easy money. Then comes realization that good things take time and it settles much lower as speculators getting out the stock.
PMET is 2-3 years behind FL (and many other peers) and CAD 1bln mcap. On top of speculative discovery interest PMET had a lot of restricted stocks and warrants that helped squeeze the price too. I see pre-production companies with similar caps. It's not sustainable.
The only way for PMET shareholders to have some upside next couple of years is a bid from Australian peer or major.
FL price is driven by development milestones and new resources it's fundamentally more sustainable.
That's perfect, Frank. My focus, and I believe managment's focus are on the long term, and real development... not retail investor mania. Well said.
Sure, Dogger. Just take a look at shareholder charter in both companies. PMET < 10%, FL > 20%. Walkers can't just walk away from the company, their and LT holders incentives are the same. They were through bull and bear markets, as well as learned from Nemaska. That's why they don't rush into hype, but keep building as fast as possible.