Exploration stocks are very risky. Those who indulged here are already down 60% on their investment as at yesterdays closing price - in less than 3 months! They can't sell until July.
The winner so far is Kestrel Capital who netted 36,400 Dollars as a finders fee.
Hii ndio inaitwa kuchomeka! Buying Paka would have fared them better!
However, with the volatility in the sector, they could be up 50% next month. Wasife moyo

Hehe. Yeah. Plus pyramid schemes are free to conduct their biz

CMA should not pretend to protect investors. You can't do that by dishing out 10k fines.

I wonder if the GEMS market will have a couple of exploration startups.

As you rightly mention, exploration can be a hit or a miss. By 'protecting' investors from losses, you are also shielding them from windfall gains. Risk should be an individuals choice, in my opinion.

By the way, I am not condemning Stockport in any way. Just showing the risk in the sector. They have yet to begin drilling, so the jury is still out. Plus they operate in a very prospective region.

Find me a candidate for investment

ditto