guys.... whether a leak or not the activity this last week gives me more hope than if we'd had the placing & no buying followed....whether more than one interested party or one very very interested party something is at least happening finally & all things being equal we should find out a bit more this coming week....might even try a little top up unless it goes chicken (as in Cockney rhyming slang... chicken oriental = mental) first thing Monday....
Sorry, your right Bannor, it stated in the finals that they had relinquished the exploration permits as they couldn't get a JV. Have done some quick calcs, to achieve the required 30% share holding in order to place a bid for the Company it would cost about £233k less if the proposed bidder took up all of the placings and then bought 16 million @ 0.0249p on the open market. Given the amount of buys @ 0.0249p it makes me wonder if there's not a bidding war going on in the background (more wishful thinking perhaps but still stumped about this buyer at 0.0249). Either way IMV Jibber is spot on, there's been a leak, the BoD know more than their letting on and the price is also being manipulated whilst someone fills their boots.
Good posts guys. The thing is, we still don't know the extent of Mutsk, it remains undefined, so we could be sat on something even bigger than expected. The BOD doesn't seem to know in which direction to explore next though. Smashin'.
Hence a 3D model would have helped, yet we've heard absolutely nothing further about that. Nor do we have any JORC, the industry recognised standard for attracting proper investors. Lol.
This latest activity does make you wonder if there is a new or further discovery and they have simply yet to divulge it. As you say Dave, the premium buying began to coincide with the placing RNS, and nobody in their right mind would begin to accumulate at those prices without additional information. They would have at least certainly waited until after the placing shares hit at 0.015p, to get in at a lower sp, if it was merely a mass punt.
It is a mystery at the moment, certainly, and I would say that either with or without another RNS, the FCA will be following this closely.
Bannor, I'd be happy with half a penny as well. We'd have clawed back most of our investment, and if there is an abundance of gold, then I don't feel that kind of price is out of the question. I would have said a penny, but there are simply far too many shares here now, with more to come.
Of course, it's all guessology, because we are starved of official news. Purposefully so perhaps.
DD, Deli has already been unceremoniously dumped matey, think it was in the latest set of results which I can't seem to access at the moment..... Anyway they couldn't find a buyer & couldn't afford to fund it anymore so they allowed the licences to lapse is my recollection....... so there's only Mutsk & (in my opinion) this fishy deal on Silverton with one of Birdies other co's & that's it I think..... if Mutsk fails to deliver Orogen is a ghost in my opinion & we're done here
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