Right, lets all pull together over the w/e. If we can combine 2 lists,, one of what has happened against what is expected, then I'm sure among'st us we can see what actual progress has been made. For instance, I have found out our area in the Itogon field is 330 hectares, but I cannot find out how they got to this measurement, and as yet, I do not know who is on our borders. Next - we are supposed to be between 2 historic gold finds, one being either side of us, so maybe someone can show what was recovered in these areas giving evidence as to the likelihood of our true potential. It would appear that Itogon is getting bigger by the day although we do need an update on the 2nd phase of drilling and then assay results showing what has been proved. Having looked at the images of both surface and subsurface reports, it strikes me that only a small area sub -terranian has been explored whilst the bulk has been on the surface. Am I wrong therefore to conclude that the Company is planning to have an open cast mine as I presume this method of mining is cheaper than tunnel mining. I accept there will be a considerable amount of waste, but on the other hand, nothing will get missed on the recovery side whereas, in a mineshaft you could miss the goodies by as much as a foot without even knowing it. Just food for thought and all are invited to contribute. S
been at my day jov today just got back. seaace-well if he is busy he is busy seems Pj is easier to reach he would know more about what you ask talking sense-werll hopefully maybe in ayear from now we can all look back and laugh at how low the sp was and where we are now..and it would not surprise me if he felt like lending a hand with his shovel!! haha smoking joe- well we had the update yesterday which has down the job of maintaining the sp hopefully news imminent about second pahse drilling start date god knows it has been a while since the first phase was finished.
In other words Squiff that part of your post was pure speculation ie no evidence that ECR are doing what you have implied. So therefore ignored. Come on Squiff let's have a better standard from you than that. Pdub.
sorry.. twitchy finger... didnt mean to hit post button.. I was going to say that the "evidence" was provided by holders on here saying they had spoken to PJ and LG asking if he was "doing the rounds"... kind of sounds to me that it is a very regular thing (in fact I know it is, cos used to speak with SC in same context)
feel free to think what you like, but prob best you just accept the probable outcomes, and not focus on my reason for pointing it out to you !!!
I am STILL interested in ECR for Itogon ... thats all I am waiting for... and may buy in AFTER sdlm is put to bed, and placing is gone.... maybe then ill see it as an opportunity .....or not....
As in most cases, a placing S/P is dictated by the VWAP over a certain period. Therefore I will be on the lookout for news that can give the current price a decent boost, especially if the Company in not producing monies in any of their ventures.
seems in the 15 minutes of interruptions it took me to write that post, you have concluded the same thing...
its not the end of the world that a placing is likely... in fact its essential to keep the momentum...
best to be prepared for it though, and time your buys right. I think if you really believe its a possibility very soon, (as most with any sense should) then you could be saving yourself 10-15%, as any placing around now will be 0.2p ish at best... its clear to me that the recent flurry of news drops hasnt had the effect the board (i think) were hoping for... ie a rise to 0.3-0.4p.... so they could raise cash from a higher point..but as that hasnt worked, they will face the inevitable I think... I reckon any competent mm will know that, and wont want huge chunks of stock... just sufficient to meet obligation to market....
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.