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JTB, Equivalent western drills cost c$1m and we picked up the Chinese one for c£160k
I think Shenyang may have helped us get ours on 'mates rates' .
It's nice to have friends!
Craig said recently the company was undervalued!
I don't know if I should believe polinvest or the CEO
Morning Trek, It will be interesting to see how fast this moves/how much liquidity there is when the first drill results drop.
I get the feeling there are a lot of long term investors who will not let go so could help squeeze up the SP.
...but let's get the results first (a duster would be a surprise ...lol ;-)
Polinvest, I hear what you say.
If the sp were to go to 3p with good results then it would be a fantastic opportunity to buy shares at a knock down price.
The price wouldn't stay at 3p very long.
'Another day closer to the asset results' you mean another day close to big dump? Hate me but I tell you that any results will make sp down to 3p. This drill is endless and many awaiting for sell signal. It is obviously my opinion but I know what drill results made to CHF last days.
Got a quote first think for 300k. Bought 200 at 3.7 as I thought it may go lower as 300 is normally NT. So the plan was get the other 100 later. Now it’s NT! I mean what is that all about! Someone else obviously had them! But if that is the case it’s a pretty ‘hand to mouth market’.
ST,
I agree with your sensible expectations. Just to say though it’s a shallow reef. They punched through it pretty quickly but it’s possible Km’s long!
For me it’s the first strike for a while on HR3. It vindicates the tech and methodology. Visible gold with the first drill is very impressive. They will now be working on the orientation to track that reef. It heads to Fosterville, right along those two fault lines I reckon! Lol!
Usual caveats.
Trek
Wonder when we’ll get some news on the ELA’s. An increased footprint would be good news.
I got that as well Loch.
Also from the interview it sounds like we are drilling HR3 first as we could not get access or permits for Blue Moon in time.
Craig has previously said that is the biggest prospect in Baillieston and said we 'know there are hundreds of thousands of ounces of gold.
So if HR3 is a great find it really wets the appetite further down the road. But let's see what HR3 offers first.
It's going to be one hell of a ride over the coming weeks and months.
Talking sense , your talking sense , None of us can speculate on grades or otherwise . I just listened and watched the recent interviews and Craig looked ( to me ) like a kid that had just discovered a secret stash of Creme Eggs. He seemed to me like he couldn't wait to get his teeth into all of these projects and it also seemed like he wanted to divulge stuff that he want allowed to .He seemed very buoyant to say the least .I'm a cautious man myself but i was tremendously enthused by Craig's attitude and demeanour . It's hard not to be cautiously upbeat at this stage .There is a definite sense of expectancy now that is growing .
Let's not get ahead of ourselves on the grades.Quoting big numbers is not going to do us any favours before we actually know the results as expectations may be set too high.
I'll settle for a nice double digit g/t over a reasonable width to get the ball rolling.
The first half of the results will ,I assume, be at the shallow end of the hole.
.....second hole should be done by now ( depending on how deep it went) another RNS due !
Anything like that and it’s game on. Sounds crazy with it being the first hole but those kind of grades really do get the attention of the market. And once they read into the projects and see they struck 44 g/t at Creswick and the resource at blue moon, it’ll wake up.
Strong day today.
Solid into the close today.... getting to the days when you just don't know when the red dot will appear.....
Imagine you are reading of 60g/tonne as you sip your coffee.... you won't need any sugar!
The quick profiteers are who spend their time jumping from rainbow to rainbow always miss the big gains . They also take a chance on losing too .I dont understand that mentality personally. Its alright if you like being glued to a screen all day for beer money and not being able to take your eyes off things but that's a life sapping existence. Holders in good companies are the ones who make the big gains .imo of course .
Ps. when this blows through 4 I think it may do in a significant way and march up toward 5p before getting traded...
The prospects are just too mouthwatering.
I expect the timeline to be roughly met...
and, the g/tonne could be very sexy.
Another superb opportunity to gather shares today which I availed myself of.
Hi Gino
While I agree timelines can slip personally CB will be doing everything in his power to keep to a couple of weeks the first hole and set of results are the most important as they give confidence to PI and II that we are trying to bring in that we can deliver and quickly
sentiment is the most important thing on AIM it bypasses fundamental sometimes so I don’t expect a significantly delay if there were to be one
All in all it doesn’t matter to me as Im in for the longer haul but there’s a lot of quick profiteers around.
Like you said trust your research and investment
Fair to many time people take time lines as literal and sh17 the bed if an RNS doesn't drop.
CB turned round in the interview and said....."these lead times can slip"
Just trust in why you invested, give ur head a break
End of this week next week I reckon
When are they due to come?
If not mistaken these were sent of o the 12th Feb and should take around 2 weeks, possibly end of the week/start of next week
Another day closer to the asset results