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That's more like it
Chiddy
you usually see this after a long slow downtrend
a bounce off the oversold,suggesting,the end of that pesky downtrend.
it'll probably settle down by tomora.....unless your waiting for some kinda news
Why the sudden jump up? 🤔
Jezza
got the feeling,the 050 is about to dissappear
0.50?....looks like the end of that downtrend at 050
let's see
People forget we have a main market listing (not AIM) and cash/assets are now worth more than MCAP. Cant be long before we get a further RNS confirming new direction
As we own 4% of Sterling and had £300k + of cash mid year, the mcap appears ridiculously low. Given the new investor / direction, surely we should be looking at least 1p minimum for starters
See this company on way out, pumped years ago by doc Andy usual culprits, no morals, sell there mother
I did quite well here when Poly got involved and thankfully took profit before French scuppered progress with his fatal interview, it's been downhill eversince. Hopefully things will move forward now with a new partner involved.
The best news ... Poly metal backing was like having a tennis doubles partner with their hands tied behind their backs...
Our new investor has bought in for peanuts and sounds like new projects and financing are back in the room..
Positive news
ATB
Yes, very disappointing. I thought Cyprus was very copper heavy and once the JV was agreed i thought it was nailed on.
Clearly not.
One docs ramps along with ecr many years ago along with his twitter mob, both company's unlikely come too anything.
The company has essentially been mothballed, put into "care and maintenance" mode.
The board consists of a couple of part time geologists and a couple of part time money men.
There are no staff, no active operations.
I have to assume that in Cyprus they've found what they were looking for in Westline, and are pursuing DD now, while SAG do the donkey work at their expense in Canada.
I get that it's not "dynamic", with interim CEO just stabilizing the ship prior to either sale of assets or takeover.
Either that or it's game over.
Let's wait and see what SAG uncover, it could be world class, Bonanza grade, spectacular, or not.
Sterling up 27% today, maybe something brewing.
The markets are still dire for funding, the website is again offline, the CEO is asleep at the wheel, but at least Sterling are exploring this year to give us hope.
The last RNS stated that we are looking at other new opportunities, possibly needing funding, a possible partnership deal in Cyprus, and I wonder what happened behind closed doors to usher in the new "interim" team to sell off the assets and cut costs to the point of us now being merely a holding company.
We do have a little cash, but not enough to do anything with, so we await Sterling results and hope they get good results which increase the value of our risk free 8% assuming that they take the option for the second tranche and complete the option.
In Cyprus we've given up most of our licenses, to focus on just three where the Westline trend awaits further exploration. We hope to work with partners there, but maybe we'll just sell it, or maybe we'll get no takers, not for sure we no longer have the capacity nor funds to go alone.
...and we look for new opportunities!
Come on Ensor, pay your bills and get the website back on again and prove to us that you're really there and running this. I bet you don't forget to collect your fees. Grr
08:45 AM EDT, 07/13/2023 (MT Newswires) -- Sterling Metals Corp. (SAG.V) said Thursday that it has commenced exploration work at the Adeline copper project in Labrador.
The company, which lost 6.7% yesterday and is trading near 52-week lows, on Thursday, said it has received drill permits, with construction and field activities starting immediately.
Sterling has set up drill pads at the Ellis Main prospect, where recent trenching was completed and initial drilling is expected within six weeks.
"Adeline holds many of the key characteristics needed to host a super giant sediment hosted copper system - and the Ellis target - with its already confirmed drill intercept - is the first area where we will look for a near surface deposit," CEO Matthew Wilson said.
Market cap at a million...are with our investment in Sterling and our other interests....this like buy time to me...but of course i am always in front of the curve
Thank GOD most of the other orders of 24/2/22 failed .
BEM one of them at 11p to buy, that on first glance worse then this with hindsight .
The war still going on .
This another mistake can buy for 1p now .
20% spread .
Can not see another fund raise.
Slide started April 2022 , two months on from placing .
Be interesting when time to see how the other 11 fared over same time .
Canada Cyprus on going projects add little value short term in these markets
Resources through what it aims to be a transformational investment into a new area of activity. Read between lines, will need raise finance in future if go down this route,
Dilution inbound
This share is not on aim but main Market.
NT to buy.
It tells us to watch for good news from Canada drilling, at no financial cost to us.
It tells us we ARE IN preliminary talks about a JV in Cyprus,
And it tells us that we may be subject to corporate action, RTO or issue of shares related to an acquisition into another project.