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Mine would be a Zinc and lead musket ball or even possibly a silver bullet...
Numpty
my weapon is .... a sling shot !!! :-)
As Justin Waite wisely mused in his latest "Shoutcast", if it were me I'd leave the publication of the SS to the last trading week before Xmas, then you might catch the "Santa Rally", we seem to get most years.
The Overall market is just AWFUL at present and any potential good news (Which the SS SHOULD be), will just sink in a mire of global trade tensions and Boris Johnson & Theresa May, facing each other in a Misty Field at dawn, with Handbags fully drawn !
For once, JW, may be right.
IMHO. DYOR. GLA.
With some buys this morning - all sells so far
25 mil sell from yesterday.
It would be one if they didn't get it out before the mininginvestment show.
oooooooh I would have taken them off ya ;-)
If this isn't a mine in 24 months I will eat my own toe.
I have just sold my Underpants to buy more shares. I really am in up to my *ollox.
They were a nice pair of "David Beckham Specials too", personally signed by Posh Spice - sad to see em go.
IMHO. DYOR. GLA.
That we aren't multiples of the current SP!
Is the most important thing here. I bought FTC when it was 5p and suffered months of punters coming in and out, complaining about the sp not reflecting this or that.... it hit 30p last month, and I imagine all those who sold out after a few days because they were bored were kicking themselves. Same story with BMN, bought in the days when it was single figures and lots of week-traders drifting in and out complaining things weren’t moving at the speed they wanted. I run a business myself, and trust me, lining your chickens up ain’t always easy. And this is a complex exercise.
I personally think that we will see a significant upgrade in the Toral Resource , from" Inferred" to" Indicated" Resource Status and it is this , which has caused the delay in the production of the SS by AMS. This will make the Asset of considerably more interest to 3rd Parties, moving forward.
Also, I think that Management are refining their Capex & Opex estimates, in order that 3rd Parties have direct comparisons with competing assets elsewhere, in order to make their judgements, as to whether to invest in Toral, or not. If you are going to do a job, you may as well do it properly & just the once.
Whether the above SS is accompanied by a JV, Offtake Agreement or a Funding Offer from someone, remains to be seen, but simply having an NPV and an estimated IRR should provide a significant fillip to the current SP, IF the MM's allow that to happen, of course !
IMHO. DYOR. GLA.
I suspect if they closed the 13.5% spread it would encourage some buying... this share has been up and down for a few months so until it tightens, it’ll surely discourage buyers.
Yep this morning max you could buy was 100,000 at 0.115
I can now sell 15,000,000 and buy 7,500,000
So you can sell double what you can buy which is a big improvement - stil a long way to go
I could only get a quote for £100 worth this morning...
What are the buy limits?
Yep seems like that - I can still sell waaaaay more than I can buy
They look like they're filling orders on NEX at 115 - should move soon and quickly I think - chart looks good pointing to 0.16-0.17
Nice - should be some delayed buys I would imagine because its been impossible trying to buy today!
To get some at 115 on FOK, on NEX
Can only buy a maximum of 100,000 shares at 0.115 but can sell up to 12.5m shares at 0.1113
I can sell 125 x more than I can buy! MM's are hungry...... SS must be this week?
This has to be one of the best Mid Tier Lead/Zinc/Silver deposits in the world at the moment.
We need to keep in mind how valuable having existing infrastructure and smelters around the corner massively de-risks and improves the economics. Its simple Met wise - it has the size and grade and location. Anyone who thinks this won't be bought out or JV'd in the next 12 months needs to give me the next best alternative. We will all be rewarded - the next BMN type rise imo!
I agree, it's all about the scoping study results and then the mine itself.
Personally believe this is a prime asset for sale
Nrimmer,
I have a substantial amount here and I shall derisk a small percentage as I have another investment I wish to make but it is time critical so if no news soon, then I will be holding onto the lot for the end game.
Circa 10% across the board, 10% of how many $Millions, stacks upto a shed load of wonga, ($40-$60M) maybe even more.
Good luck which ever way you play it.
How I missed that info is beyond even me TBH
Although the board as a whole do appear to own around 10% in total
Cheers Nige
Even after options LR has less than 3% which I find a little disappointing, doesn't make you want to become a long term holder just hold on in until a deal is done I guess.
Company has loads of potential but with that many shares in public hands the price is always going to be volatile