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nothing exciting.just posting it out of interest https://wcsecure.weblink.com.au/pdf/DVP/02523332.pdf
morning bignose.agree with that.reads like they are looking to the resource update due sept quarter 2022 as a possible trigger for s/p rerate.fingers crossed.
Currently 2.4A$ which is still only 0.48 in old money, yet the company should be worth a lot more.
Certainly is strange given the assays indicate a higher value and a 400 mil contract. Obviously some behind the scenes hanky panky going on, but to what end ?
https://wcsecure.weblink.com.au/pdf/DVP/02521680.pdf up almost 10% as i post.they seemed pleased with the results.i don't understand any of it personally.
FYI, JM in the news
https://www.forbes.com/sites/calumchace/2022/01/27/ai-and-optimism-jim-mellon-wants-us-all-to-live-longer/?sh=1670799529a9
Hence only a loan. If the product and sales are as good as they suggest, he won’t have any worries about not getting it back. ;-)
yes not clear how much he still has,but its going to be worth quite a bit however much it is. yes non refundable loan was my first thought as well.lol! clns more like it ,although he's got to watch the 30% limit.
Wow,
Well, depending on what % JM has, which if his investment is similar to all his others by%, means he could very well be in multi-billionaire territory.
Maybe he wont mind a nonrefundable loan to ERP.......lol
morning bignose.i don't know about jamie,but mellon is no doubt too busy counting his moneyhttps://www.thetimes.co.uk/article/73f4164a-d08c-11ec-84ba-2054de44b21e?shareToken=48a57eaa5b98f95bff5f98c250c2accb midas touch my posterior!
I wonder what is going through JM and JG's minds now ???
now down to 2.15 aud. down 8.5%. the increasing off risk nature of market sentiment isn't helping.down 50% since december despite the big contract.
afternoon bignose. agree it seems more than just copper specific,which is odd given the recent contract news.perhaps people are just glad to sell out at a profit after the recent good run.cant really blame them if thats the case in the current uncertain climate.anyway just speculating.very unfortunate timing though.
The DVP drop certainly won’t do our sp any favours when the market opens this morning. :-O
Down another 7.4% as I write this morning. Certainly would appear to be more than just copper price driving this down. Yet still no uplift due to the recently awarded 400mill contract. Maybe that’s the issue ???
Hopefully ERP can weather the decline in the short term until the US license agreement is signed and monies have changed hands. Seems all very touch n go at the moment.
morning all.dvp down 10%tody @2.43AUD.need 34% increase to get back to 3.25.perfectly possible of course,but current economic climate not encouraging.
Morning The.Italian,
As always, its about timing...... Now where's that operational update.... ;-)
morning bignose.you have beaten me to it.exactly my thoughts.down 13% in 5 days.presumably largely due to falling copper price on expected slackening of demand from china.very unfortunate timing.hoping for an upturn,as i imagine these things are cyclical,but it would have been good to get the cash in the bank now.
Well. That 400 mill contract has not helped the sp one little bit. Closed at 2.81 (0.562 in old money) today. And just when, I’m sure, ERP could do with some cash.