Thank you for your reassuring response. I also like GP's terminology of "re-rate" (from Brr interview I think). Much more considered and appropriate language. Let's hope that the PEA is the catalyst for this. Enjoy the Bank Holiday weekend. See you ll in September :) GLA
Nice to see a rise here, not been too many of late. Not too impressed ref delay in Chile results. No doubt held back to avoid any clash with TSX listing, coup and aftermath etc. To me these results should have come out a while ago. Still it is what it is. So we closing in on PEA, let's hope we see a rise into that because really we have not had the kind of rise our find merits. Hoping for decent HM results before then too.
Just a thought - if we accept that the PEA at the beginning of October will be extremely good news for Marl and the share price won't look back thereafter, can we expect some director buying very soon? I think in theory such buys have to happen at least a month out before any market-moving RNS and Eric did talk about wanting to buy more in that interview he did.
Good morning General, Do not fear, that was a useful post with some good didactic material. It helps to illustrate why the MARL share price still struggles: there being a big gap between the splendid Hot Maden resource estimate, and an economic assessment of the extraction costs. Roll on the PEA! There is no point either hoping for day-by-day news: this is a big exercise, it will take some time, there will be a lot riding on it, and hopefully there will be blue skies ahead (in time for contributing to our Christmas cheer!). The much-vaunted TSX listing has had spectacularly little effect on trades and the SP so far, but market access to US/Canadian investors has now been put in place, and is there ready to capitalise on the outcome of the PEA whenever issued. I'm feeling very comfortable here.
Sorry if I am teaching grandma to suck eggs but having watched the following panel discussion (Brent Cook chairing) one of the pennies has dropped as to why the PEA is so significant. Metallurgical studies. We have the resource but how much of it is recoverable? (See Tim Couglin comment see 9:16 onwards).
Im in MARL, and happily in profit, LTH, I have also been in SOLG for as long and am just about to break even, If you are down some here its only on paper, im no investment GURU, but if i was you I would hold.... remember you only loose money if you sell below what you paid. I am sure MARL will really come good, its just time. Im happy solg is finally moving but i would not have sold here to boost there.
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