I topped up with a buy limit at 30.5p , averaging up my original investment at 25.5p. Now think it may be a short term mistake if this doesn't hold strongly above 30 tomorrow morning. Still very confident though that I have made a great investment for the long term.
Must confess your earlier pseudo-geological post had me in stitches. Some real comedy gems in there.
"With that in mind I am concerned that having read the investor brief it doesn't look like a return is expected on this for nearly a decade!".... I would have thought that if you were a geologist you might have known that to get the stuff out of the ground you would need to first build a mine.
A geologist would not be providing a broken link to Wikipedia to reference his research.
"Indeed similar deposits are probably forming under the Mediterranean. This is not uncommon mineralisation, it is just marine regressions and transgressions combined with evaporation."
So, all they will need to do is pull up a chair and wait for a few hundred million years until the Mediterranean evaporates and Hey Presto!
"So if there are plenty of places where this is happening today, there must have been 100s of them over the last few hundred million years. Also, I would imagine they are easy to locate due to seismic and gravity anomalies."
I agree. I would also imagine they are easy to locate And you, as any geologist worth his salt, pardon the pun, should know, they are easy to locate. All you have to do is keep a sharp lookout for very old, very bored-looking people sitting in a chair next to where there used to be a sea.
Unless you want to pay me for a more detailed analysis? ---- Judging by the ill informed posts you've made so far, I wouldn't even give you 22p for a second class stamp. You really need to look at the company's website and go to the BGS then come back with some tangible rationale for your ramblings.
A degree in geology? If that is indeed the case then you will know where to find the results from all of the SM drills which captured core samples throughout the mineral rights area. You will also know where to find the historic data from Rio Tinto and other projects within the area. You will also know all about seismic surveys and logging tools. I'd imagine you'd also know why they would perform sidetracks and all these things to get the JORC figures Forgive me for perhaps sounding rude but the amount of experts that come here and claim to know it all without knowing anything is actually quite amusing!
Excellent analysis. The placing price and level of dilution is key. It could be more or less than the $3bn, but the price will definitely a decent reduction to the current SP. Raising huge amounts at the current price is pie in the sky. Until this financing is revealed the SP will be undermined. I want to add to my holding, but can't do this with the current uncertainty. Why would I add now when I might be able to buy many more through an imminent placing? If I'd added in the high 40's as some here suggested, I'd be well out of pocket now. It would be a gamble to add now, not an investment. Long term prospects still look very good. It's a hold from me.
Howie, u can't help them, they only listen to what they want to hear, if they don't want to hear they insult. If they are in for 10 years I don't know why they getting upset. If they are getting upset with the falling price they should be listening, or having a plan that doesn't entail catching s falling knife.
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