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Yes you’re quite right.
A do forget we have a number of good prospects.
Fingers crossed for the coming weeks :-)
I agree. There is huge potential from all sorts of sources; sunland/kalahari, maibwe, free states and of course Zimbabwe, all quite besides Marsfontein. In any case, any suggestion of a second drill there could be explosive.
So I disagree Echo this is not all or nothing
Short term the s/p depends on a discovery with Vutomi at Thorny/Mars - this looks good IMO, but there is not much downside - they have Sunland and Maibwe and the JV with VAST, all company making prospects. BOD should be getting income from the Marsfontein tailings as well
Tiger - don’t think you could’ve phrased it any better.
I class this as an all or nothing share.
If they find Marsfontein 2 we’re all making a lot of money. I genuinely think 5p is realistic if one of the big miners comes in.
If they don’t we’ll be back at 0.5p very quickly.
GLA, DYOR!
This share is now pretty binary.
Either JC and team find what they are looking for at Marsfontein / Thorny River and the share price rockets upwards, or they don't, and the share price drops.
I don't think outside markets really matter here. It's all down to the drill bit.
BOD Holding steady wile many others falling maybe its the huge spread ?
So did I ripley - BOD and VAST will do well this year IMO
Thanks cast ... i topped up Vast today so i hope you right with that call .
This one even more impressive in today's circumstances .
We have results from 5 drills which means there are 4 more to go. Exciting times.
ripley I think ALS will be good longer term, the royalties will come in in a year or two, but BOD is my pic for this year, along with the perennial VAST
Just doing a bit of digging (so to speak) and found this on Subterrane's Linkedin page (looks like from Jan but hadn't seen it before):
"Subterrane Ltd has found potentially several Marsfontein size diamond deposits to be drill-tested in January. If we break the drilling equipment this will be ironically good news with its partner Botswana Diamonds Plc . It is believed, conservatively US$ 1 billion diamond deposits to be farmed from the acreage....2020 is the year of progress. Subterrane Ltd earns 5% on the diamonds resource production project... in the #ThornyRiver project."
Confident stuff. And no wonder they are confident enough to be being paid in shares....
ALS is consolidation..buy BOD
I saw this one up 22% then saw ALS up 300% and thought good luck to castaway he is having a good day lol
I think out of the two only this one real ?
Hi ripley - you have to make money the way you feel is best - there are many ways to do it, I day trade NMC hold BOD and VAST longer term and trade many other stocks in between.
Great RNS today I think we are on with Marsfontein 2 - another few months will see it confirmed IMO
Predictions for the coming week please :-)
Ps I’m a buy and hold type ;-)
Hi Cast .
I have NMC as well.
Some one sent me this on another site , i thought he might have something .
"PS I have come to the conclusion that AIM is for momentum swing trading, not buy and hold. I want to trade/invest the same with £20k as I would with £100k or £1m. Hence my switch to FTSE100"
I take it you do not agree ?
Ripley - well done on SRES BTW - I used to hold those years ago
Ripley - I do trade some shares (NMC at the moment) but shs like VAST and BOD I hold long term - trading BOD is pretty pointless as it's so illiquid. I bought some last September at 1.2p and more recently at around .6p - I have some at .55p and also bought a few years ago above 2p.
IMO BOD is at a transformational point and has a huge upside, IF the current drilling is successful it will be very soon, if not it may take another few months for the other projects to deliver.
This is going to be a good year for BOD IMO, so fingers crossed!
HI Cast always appreciate your replys .
Not in these but have looked over the years , went for PDl instead years back what a mistake that was .
I did sell sres Wednesday morning and got all back for half the price day after !!
Of course in hindsight wish i had not reduced that sell by 50% ( swayed by reading the posts on that board on this site lol )
Aim does seem to be about spikes .
Hi ripley - no were you?
Many bags baby :-))))))
Expecting news late next week, should see a rise on expectations alone. If diamonds are uncovered I’m expecting many bags
Hi Cast
"I have held BOD shs for several years and it looks like my investment is about to pay off."
Were you not tempted to sell the spike above 0.9 with a view to buying same back after ?
Yeah some good points made there by cast and Goldie.
A double digit drop very quickly on no news does seem very suspicious. A window has been opened for the big money to come in? I bought in again and my average is now less than 1p
Hopefully James and subterrane can do the business for us all