The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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299k bought 40k sold today. Mms not holding this back tomorrow.
Open anyone??
I think so - whilst Aidan wouldn't be drawn on timelines I think that is obviously a very obvious and sensible strategy given the history and slow progress to date. I think we can all read between the lines to understand that this is going to proceed at pace now. Not only will our new JV partner have done due diligence on the mine, they will also know the process and possibly some of the key players in the Ministry of Trade, Industry and Energy in SK. The mine was only closed because it was uneconomical in the 70's - oh how that has changed and its a great opportunity for the SK government to make some money on the back of as well as provide local employment opportunities. Hopefully red tape will be cut through and we can move through the JV stages at pace - well thats my hope anyway. And then we have Kochang to look forward to - I suspect we will not have to wait for long but again perhaps just wishful thinking on my part. Strike whilst the iron is hot I say!
ATB
Yup, Hopefully it will be a hype train soon... GGP and GRL did it in the past I missed timed both. But this one I'm already in and waiting :D
Presumably that 10M buy took some filling!
Closed over 10%. Hopefully better day tomorrow and Friday
Good summary and admirable strategy.
We have 3 mines Gubong’s, Kochang and Batangas. we tried to do it ourselves and failed for at least 2 years...
1 of those mines Batangas was wrote off in that time frame... came back as the proposed free carry that is being progressed.
Clearly making serious headway as BMV have decided to do that with another one... The interview last month said they were doing this no one expected it was this far down the line in progression and it's fantastic that it is.
Mcap is lower/equal to the investment at present "capital commitment of around US$7 million" This was worth 4p+ during the promise phase with 2 mines. Alight Research valued it at 16p around that time...
We've dropped massively and the company has very little faith due to consistent bad news... which is why we are where we are... This is easily worth 1.5p now due to Mcap to investment alone.... I'm hoping for a rerate to 4p...
DYOR I am a LTH with a plan of small amounts at 4p+ gradually, Chunk at 9p+ Chunk at 14p+ I'm hopping the Share stays at 1p for longer so I can continue to fill my boots...
GL All!
As the saying goes - follow the money
10 mill buy printed
Going back up; SP will also be marked up on the morning.
Not at the moment. What's this end of day slump?
MMs looking for stock any stock as they are now very short of stock any stock which the intra day price actions tell you loud and clear!
Earbud wants to come on again when the price falls.
What a sad little boy.
Second Ut trade so far today strange
Yeah Mm need ms to get their finger out their ar…
They raise it to 1p and they get a waft of buyers some larger too! Close the gap and take it higher we all know it’s massively undervalued so stop looking for cheap shares off folk.
You always know when it’s a good share price when they come on slating the company and sp
Good luck all ignore the noise as that’s all it is
No interest here and looks like gone straight to dump with no pump.
Crafty mms going for stop losses. Get rid
Flying a bit higher than your HEX though cricket?
It's not flying though is it. I'm watching closely as hoping it goes up for you all.
FARM OUT COMPLETE 5M!!! and not evenflagged on this site, under teh radar we fly.
https://twitter.com/bluebirdIR/status/1788096527774183528
Both parties realise the potential of Gubong with the Farm-Out representing a major endorsement of the Project's potential and underpins the joint belief that the relevant permits will be obtained, and that the mine has strong potential to be a bought back into production. The value of Gubong and the Kochang Gold and Silver mine, the smaller of the Company's South Korean projects, was highlighted in a Scoping Study, which included a post-tax NPV of US$181 million, free cash of US$50 million per annum, an IRR of 111% and a US$630 per oz All in Sustaining Cost ("AISC"). The study was conducted on a USS1,750 per oz Au price compared to the current price of c.US$2,300 per oz.
That's some size of nugget!!!!