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Until December........ That could account for the delay
Zzzzzzzzz
Are businesses not open though? I believe the drilling is complete, just waiting for lab results now
Drilling may or may not be complete, labs may or may not have completed testing.
We will know when the rns drops but hasnt yet..... Potentially further.
If lockdown is in place you cannot do site visits etc, they may or may not be required.
News is overdue in my opinion, markets been hit hard this week......changes the SP but not what gets released.
Won’t be any delay due to COVID-19.
Construction & manufacturing are exempt from lockdown anyway. I would bet another 2 weeks of level 5 in Ireland as infected rates are starting to decrease .
Shows your bets aren't very good then mr chancer:
https://www.citizensinformation.ie/en/covid19/living_with_covid19_plan.html#
"6 weeks"
Do people even research anymore?
Missing the point Gino, R.O.I should never have gone to Level 5, mass hysteria driven by the media here. I would expect the government to capitulate in the next two weeks as number continue decrease as a result of level 3 measures countywide and level 4 in areas of high incidence.
This will not affect construction and lab testing. These businesses will remain open as they did through the initial lockdown. They have all adapted risk assessments and method statements to reduce the risk of infection whilst maintaining current working methods.
I do not expect a delay in any such works over what is already factored in. Life has to go on, we cannot shut everything down and most have been getting on with it without any issues. COVID has a bigger effect on this in a social setting hence the shut down of bars, cafes and restaurants where public will not stick to the rules.
I am not missing any point, the facts speak for themselves: tier 5 restrictions from the 21st of october for 6 weeks. I never implimented it, the Irish government did. The government wouldnt name a specific timeframe if they were going to backtrack in 2 weeks, its not up for review.
I read it doesnt impact contruction or the works supporting development, but we are not constructing anything...... Its a mining licence, which i dont see mentioned in this list:
https://www.gov.ie/en/publication/c9158-essential-services/
Lab work i conceed, may be continuing, however we have not had an RNS. we do not know at which stage the drilling and/or lab work is at..... What we can assume is there is a delay based on the amount of weeks stated in interview and previous statement, and no news.
The volume has dropped off again as interest has dropped, all of the above factors are at play. They may be unwarranted, but the markets have taken a tanking this week and mining is a sector that gets it first..... Thats just the nature of aim. We should at least embrace all forms of research, regardless if it feeds "ramping" narrative or not. Everything above is relevant and whether you agree, in the interest of creating balance, is justified.
I am happy to be corrected if anyone can provide me evidence that mining is classed as essential work.
It doesnt really matter what our opinions of covid restrictions are but the impacts are clearly seen.
Gino, we just need a bit of patience here. We've done our research, invested and await the drilling results from Stonepark. We were just 0.85p 2 weeks ago!!
I understand patience, i have plenty in our other mutually owned share. Im Green here and im lucky as some arent.
That being said, our news has been delayed based on a timeframe given and suggested by JT, which affects (excuse my english, i can ever tell if its affect or effect) sentiment.
If im given a timeframe i like declarations to be met..... It builds credibility. That does not take away from the huge potential here. Just managing of expectation.
Hi everyone, I bought back in at 1.05 after my sale last week (not gloating, should have sold lots of other stuff too!), good to be back
Nice one Uk, you just beat me to it so had to accept 1.1p. But in the scheme of things that difference in top up price will be nothing when the SP takes off lol
Gino
Outdoor drilling work would be seen as Very similar to civil engineering works. Which is far safer than Building construction works where you multiple trades working on top of each other!
Hehe fingers crossed DVH.
I also got back in HZM at 6.4, was down 7pc despite Nickel making new highs for the year
sold out of hzm on the last big spike and made a real left field punt at vast! I know, what was I thinking...
We've all been there...I was thinking about it but I don't like debt on a small market cap for an operational asset. It seems to be holding up well at these levels though.
I am in Ireland. I believe there is an option to reduce down from level 5 after 4 weeks of the 6.
Even at level 5 there is zero chance of any drilling or site visits not happening.
To explain, there are Garda (police) checkpoints throughout the country, including on motorways. On motorways all commercial vehicles from vans to trucks are instructed to drive in the right lane where there are no stops. All personal cars drive on the left and a random number are pulled in to be asked where they are going. So any commercial van, 4x4 etc has a free journey whether going to a site or an office such as a lab. Any person driving a car who has a letter from their employer saying they must attend their office due to its nature (eg, cant lab test cores at home) again will be let through, although inconvenienced with a delay due to traffic jams around checkpoints.
There may well be delays but us moving to Level 5 wont be a huge factor in my opinion.
Gino,
Interesting post re JT/sentiment.
My take is that ark has been relatively undervalued for quite some time due to JT‘S previous promo’s and reputation so sentiment is low anyway and has been for a long time hence the stubbornly tiny mcap.
The zinc has no say over who owns it so eventually value should out but in my opinion this a ‘buy” in spite of JT rather than because.
Thats fair.... I still hold here with a bit more than my original investment as i believe its incredibly undervalued, still under 0.9p average, but overall Im happy with the fundamentals, specifically whats in the ground and who is actually in charge of the project.
All im saying is JT has not manage expectations well and would have been better suited to say results due in Q4 2020. Narrowing it down, gives rise to a target on ones back. whilst the markets are nervous about the election across the pond etc etc, we cannot blame the full drop on placing shares (still not cleared) and brexit for this.
We are a minority partner in this play and are subject to their completions. A drop back would have been better controlled by management of expectations.
This does not stop the potential, more so the volatility that LTH dont like