Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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last 3 days have seen 338M shares traded, to put that in context that is more than we did in the months of May & July.
less than 20M traded on AIM today, will be interesting to see what happens in ASX & Chi-X tonight.
Always interested in the market capital debates & SP debates but surely they are both ultimately the same thing and interdependent on number of shares in issue.
I suppose a lot is riding on 2020 drill success at the moment. Hit the jackpot there and I'm sure PMO will stick around for some time with us...exciting times ahead.
All the best.
Too true. If money was not a problem we'd be 2 years ahead already. No idea if 2025 is on the money, just that we have a few more years of proving up time to go.
Hi LeMajor,
2025? Would it not be possible to fund an exploration well on Winx (in the correct place) ourselves if charlei 1 is successful along side a Yukon FO...2 plays in the same winter season? Just a thought that would bring the the time line down a little from 2025.
5laws, be careful what you wish for.
All we need for £2 is a rise to 20p, then a 1 for 10 consolidation. What most of us want is a rise in the value of company assets in all four project areas. Each one could give us a rise of 10-25p depending on the estimated OIP, percentage recoverable and flow rates all heading towards maximum values. The POO in 2025 could be at $85/barrel by then too. There are too many variables like quality, royalties, transportation, competitor interest, etc. for the sp predictions to be more than wild guesswork but we are so undervalued at present that I will stick my neck out and say " we are poised for a substantial rise".
If you factor in the potential HRZ Resource, then you could double that figure IMHO!
I have not been here for nearly five years to accept a paltry SP.
GLTA genuine holders.
The Big Hopeful- I don’t see how this could get to £1? The maths don’t add up. If we find 480mboo net and x $3 and divide that by 7b shares. I think 15 to 20p is more realistic.
We would all be well happy with that!
A very big tad I think Jiddy!
TBH - you need to do a tad more research my friend!
Winter is when all the work gets done.
1p by Friday would indeed be a good start, and would perhaps mark the start of this share regaining some of its upward momentum. I'm still yearning for the massively anticipated £1 party that was spoken of on this very board many years ago.
It could still happen in my opinion but Winter is coming so it certainly won't be this year, I'd love to be wrong of course.
It seems like, overhang around 0.77-0.80p level (1.40c in ASX) - 10% profit takers. More than 80m shares bought in ASX at 1.40c last night and price didn't move and similarly in London, despite heavy buys around 0.77 to 0.80p but price is not moving. Once overhang clear, this will likely rise sharply.
Since last RNS on 15 Oct, more than 300m shares traded across both exchanges (218m in ASX in 3 days) and (99m in London in two days) and trade price was 0.75-0.80 (1.30-1.40c) = 5-10% from placing price. I believe, decent numb of placing shares has been sold with volume. 540m new shares were issued, hopefully most of them have been cleared by now.
Not impossible Jiddy
10M in the first hour - 1p by Friday LOL!
87.4M (1.27%) traded last night
0.014AUD = 0.00742523GBP
ASX(close)
1.4¢ 0.00% up
Volume67.72M
Chi-X (close)
1.4¢ 1.45% up
Volume19.71M