The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Great weekend all....
You either Love Darren or you hate him.....
I love his passion for a discovery .. which is where the money is ...so Darren if you a reading this board.......
https://youtu.be/bRl_sBg6GX8
ATB
Excited about the next two targets. Previous drilling at Survey intersected massive sulphides which were not assayed.
Couple of big buys this afternoon also
I'd say the portfolio is focussed and as BCB says a discovery at any of the targets will be transformational, also the MCAP is largely covered by the investments. KAV in comparison has 3 dozen separate targets and is issuing shares like confetti and the CEO has 'baggage'. I wouldn't say its make or break for either POW or KAV but they are both betting the MCAP on multiple discoveries in the next 1-6 months. I'm heavily invested in both and are hoping for news before Christmas.
5 targets... Drilling all... a hit or good core will be transformational for Palm...
£5m market cap and only 92m shares ... nearly 2m of those are in very sticky hands and adding at this low SP...
Has the potential for massive gains....
Not invested here, but caught some last night's presentation, albeit I need to listen to it properly, as I was mainly interested in GCAT and KAV. It looks like PALM had £1.1 million following the last raise in summer, and as the CEO alluded to yesterday, drilling this Canadian VMS project is not cheap, because of its remote location, requiring helicopter access.
My main concern at this stage is the number of projects on the go vs the limited finances, leading to the likelihood of more near term placings at lower prices?
Tweet says drilling rig which is not the same as the first hole of this campaign has been completed. The target info, the location, the core are all secret squirrel which is disappointing as I’d like to know a lot more about the Wishbone drills.
They hit VMS in 2021 but on the periphery of the system hence grades uneconomic, but this time round the should be hitting the main targets.
Drilling complete at Wishbone.
Here we Go...
https://youtu.be/dBz7QefLX-c
Not listened yet will do today :) Darren 35 minutes ish....
Drill spinning
Exciting
Can anyone post a link ?
Good summary.
I expect we will have to wait a few more weeks for the finalisation of the Fulcrum deal. Was supposed to be 31 October and subject to getting a listing.
Yep Metalhead25.....these are all the reasons I stay holding PALM!
…so, obviously it must be time to BUY ?
Here we try and give you a few ideas and look at a dozen Companies that have recently raised funds and currently trade around or below the placing price.
Companies covered include :
#CMET #CGO #EEE #EQT #GGP #INCE #KRS #KEFI #MOS #PALM #PNPL #POLB
https://total-market-solutions.com/2022/10/cashed-up-small-small-cap-bargains-time-to-go-shopping/
The value proposition here is now truly special.
Market cap - £4m
Cash - c £1m
Traded value of shares in PNT.AX - £2.1m
Value of stake in Fulcrum Metals - unknown but say £1m
Conclusion 1 - Panther market cap approximately covered by cash and investments in other companies
Some points about Panther/PNT projects:
- Panther now commencing drilling at Obonga
- Large project area
- Top notch jurisdiction
- Outstanding prospective location, surrounded by many major discoveries
- First individual target, Wishbone, drilled previously, hitting 70+ metres of massive sulphides
- Discovery of volcanogenic massive sulphides at Wishbone strongly supports likelihood of further discoveries, since VMS deposits typically appear in clusters
- Other Obonga targets based on various coincident targeting indicators, including magnetic, EM, soil sample, historic drilling (including reports of copper sulphide which was not assayed)
- Manitou Lakes project has returned extremely strong gold in soil readings, follow up programme underway
- PNT’s Coglia project has a 70MT Nickel-Cobalt resource in Australia
- PNT’s Burtville East project has produced stunning gold assays in Australia (including 15m at 54g/t - truly spectacular)
- Diamond drill assays awaited from Burtville East, including a core which showed visible gold
Conclusion 2 - Very exciting and (by the standards of the sector) low risk projects
Here we go. Starting with Wishbone, which we already know hosts massive sulphides. Exciting times
No detail on the drilling start date, Darren doesn’t miss a trick
Hole not whole doh.
Ahh that easy eh bitcoin. Well let's hope we get one and not more close but no cigar or just drilling a whole for the sake of it as we did at Dotted.
Not a lot of volume taking it down Levi so means very little..
And yes a drill hit will have compelling upside , just one good core is all it can take
ATB
SP still going down the toilet :-/
We better get this drilling right and targets are a lot more than wildcats.
'Their exploration methods are ancient and not a patch on the likes of KAV. Feels like PALM are wildcat drilling on the back of third-party government data, except they've not actually said when the drills will start.'
I work about the pace of technology in mining too,
https://www.angloamerican.com/futuresmart/futuresmart-mining
Progress.....
bitcoin looking forward to good cores ...multiple....
New RNS today re drilling contractors so can't be long now otherwise it'll get very chilly for the crew.
RNS talks about Wishbone, the 2021 results were mixed, yes they found massive sulphides though the grades and metals were not in themselves commercial. Darren handled this poorly and it wasn't until later with the upside down traffic cone presentation and a graphic on VMS systems that put the results into context so I'm hoping the next drills are focussing on finding the main source of the VMS rather than fishing trips based on interesting magnetics.
Panther share price isn't going to move until they find something meaningful so fingers crossed.
The best exploration first steps are always... getting hold of whats out there...cheapest.... Greenstone belt is where its at...
Then move on to the next stage which is soil and rock samples... Agree Kav are using state or art... TDEM loop surveys to get deep under than Kalahari sand cover... and lower... down ... but still maintain Darren has this right....
The drill bit...having a good core can change a company overnight.. a discovery it is...
ATB