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As long as the jorc arrives on time then there is money to be made at these levels. I do think the bod have treated long termers with disdain. There will be plenty who will want to be in come end of October
That's an interesting issue Gam. I was wondering (assuming we get indicated) what sort of % inferred - indicated would be considered a result? Anyone experienced a similar situation of an explorer getting their first indicated and where any data can be seen?
Oiltap I'm in at 0.05 could have got out at 0.07 but held, this was only a this level for a day or so.with hindsight I should have. Now still holding and will wait till I think is right for me.
I am with you Richard, I first bought at0.014! My average is 0.0087 and 72% down.
But I very much hope and pray that this new jorc is going to be as good as everybody thinks it gonna be.
And what about those of us who bought in at 0.08? I know longer dream of wealth and riches instead I dream of break even and getting the money back that I invested.
Oiltap.......I think a few on here are kicking themselves for not derisking.....myself included.......we have seen the sp rise from 0.00012 to 0.00072.......a six bag. DB have played a blinder...........albiet with a litle bit of help alledgedly.......they offloaded to cash in and are now back in lower........perfect play......wish I had a £1 for how many times have I told myself to do this yet have'nt.........sometimes think the LTH approach never works but sure as bears sh*t in the woods if I bail there will be an immediate spike in sp........only comfort I have is my ave is 0.00019.
Scaled back in yesterday and today. Lowest 0.247 and highest 0.027. Only 3 more weeks or so till the jorc so happy to add at these low levels. May drift at this level for a week or so as shares are flipped. Think there is money to be made at these levels but feel for those who bought in the 0.05s last week and are 50% down. GLA
That's very well oiltap if you have 150k and have insider info (alledgedlly)
Just did dummy sell 30 odd mil offering 0.0266 so they want them not aving any ....
+11.43% On the move !!!
BricksSA - good shout.
@Oiltap - I'm working on the basis that 'they' know far more than we do. As you pointed out yesterday, it makes sense to pursue a similar strategy. I would add a caveat though - it seems 'they' get to know before we do and that makes it hard for us lowly private investors.
Whatever happened to Researchanalyst1.....you think he was from DB and or BHC ?
@Leslie. That's something I hadn't thought of :-) .
Gla
You can bet they already know them. (Nudge, nudge,wink,wink.)
Buyred, I am also sat on a large loss, circa £40K, but am sticking around
There's buyers down here - bargain hunters, if drops it gets bought can see it improving
You mean like DB might have...............
Wouldn't it be great to be a fly on the wall so we could have a little gander at those Jorc figures before they were typed up!!!.
Gla
Best of luck bobby
Think about it before selling. I along with many more LTHs are currently on huge losses but with the new JORC update I am quietly confident that I/we shall all be at break even / small profit shortly. The asset is still there and LR in the interviews as said what the monies are to be used for.......
Respect your decision either way.
Good Luck
Sorry to see you go Bobby. I too would have thought you would have waited for our first indicated JORC.
Good luck mate.
Bobby I wish you all the best but after all that time couldn't you have waited a couple of weeks for our first indicated?
That's big hit, I understand your reasons. but this has come through the pain barrier and sticking with the discounted TP valuation for starters. The mcap is ridiculous to the asset value. imo gla