on quote and deal basis you can buy 200k at 0.41 p ,400k at 0.42p for example this morning so the sp appears to have fallen back since yesterdays RNS....in theory ( allowing for the warrants included in the placing earlier in the year) a purchase at 0.375 p with a target to sell a percentage at 0.52 p might be a reasonable strategy given the inherent risks in AIM listed mining exploration companies.
Patrick is clearly making a point here. Two updates in a week. In previous years, nothing much happened. The diamond release does illustrate how complicated and methodical the process is, particularly in terms of careful use of cash. Only the really important areas need to be assessed and this is obviously very demanding work. I expect Cue to slowly unravel and it would be great if we could drill some of the other projects that might produce significant results that move the SP. This in turn would make any future fund raising to exploit Cue or wherever less dilutive which is good for us all.
So far the spread has widened with buys up to 0.44 p( but price for a sell has fallen to 0.40 p) so the price to buy is still just below the recent placing level; there was one warrant issued for every two shares in the placing but I believe that these have an exercise price of 0.6 p. The fragment of yellow diamond sounds interesting and its still early days in the exploration at Cue.
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