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Yeah
thats why you always sell on the news,on aimer explo's.
because the next news,could be 6 months away
and you always get a downtrend,inbetween.
So much jam,
never mind I think im only 80% down here, more due to market conditions and the useless pandemic scam and scare period we went through,
Sorry my error re Mick!
https://www.rangefront.com/blog/8-steps-mineral-exploration
An explanation as to why investing in exploration tiddlers can be a long and emotional ride.
Unless you bought EEE at sub 1p a share in which case it's great fun!
Correction, he resigned nearly two years ago.
Why, he's resigned, not on the board anymore. Hasn't been on the board for about a year now.
Mick....is the problem!
Cash balance as at 30/06/2023 - $1,711,000 per the quarterly report. A few more POW shares sold too in the quarter.
From the last Quarterly Report Thor had cash balance of $2,316,000. Be interesting to see their latest figures, due anytime soon. Also Thor holds shares in POW & IVR.
The PIs recognition that a placing will happen at some point in the near term does,without doubt, hold back their interest both from LTH and Traders points of view with regard to profit opportunities.
So its on watch list to review at the time of the placing.
‘Strong exciting anomalies…’
And do you know what, these anomalies have to be drilled, I wonder if Mick is beside himself with rapture and joy?
Gone up nearly 12% but bid price hardly moved? depressing
Strong exciting anomalies.. seem to have heard that phrase a few times on the way down to 0.2.
Exactly and I do not trust the management team.
According to RICK RULE...
there is "Stealth" buying going on in URANIUM.
They expect a shortage coming up in years ahead coz everybody is focussing on Lithium or Cobalt.
Not many large URANIUM deposits about !!!
Yep, looking at cash burn a Placing seems inevitable before the end of summer. Probably at a heavy discount in today's market. As hoopy said can see this sliding to sub 0.15p short term until funding uncertainty is cleared up...
I can see a 1,000,000,000 share placing at 0.2c (Aus). That will still not beat Micks multi billion placings of the past.
This week maybe, but again very little obvious progress.
1) Utah/Colorado Aeromags/radiometrics survey results Uranium/Vanadium interpretation RNS 31/05/23 now due. Still awaiting drilling permits.
2) Alford East REEs in ionic clay? Gold/Copper
3) Envirocopper no news for over a year on push/pull lixiviant trials, OZ Minerals funding Gold/Copper
4) Molyhil relying on Investigator Resources Drilling to starts in August
5) Ragged Range Nothing to date, nothing on Nickel, nothing on Gold, nothing on Lithium or the other last grasp metallic elements they're hoping for.
All in all very disappointing, wait & see what they say this time.
Personally I will keep hoping the Uranium play turns good.
Looks like this is going to be at 0.15 at best.
Awful sector and has been for too long
Where is this going to end. This share gives me that sinking feeling. Too late to be out - so just resigned to whatever will be!
You can drill away till you turn the world into a lump of Swiss cheese, but sooner or later you need to return value to share holders, else what's the point!