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I am hoping this share will go up faster than Mo can flash fry a buffalo for Homer Simpson in 40 seconds. But I want it now Homer said.
I think there could be more to come in this news could be JV ?an old mine old data John teeling said in the pasted best place find a mine is beside a mine renewables minerals are needed now looking forward to the next news . annual report
Due out anytime
My property is on a acre of land so to multiply that by 403 acres makes it pretty big in my book for a 'toe in the water'!
163 hectares = 1.63 km2 = 403 acres!
If Teeling is about to trouser a large amount for Stonepark it only makes sense to have something to spend it on!
GL.
Interesting to note the comment, 'We continue to examine additional opportunities in battery metals.' particularly in the context of a potential sale of our share of the Stonepark project. According to my calculations our (3) licences cover an area of 403 acres (or 1.6m2) which is a decent amount of land for 'a toe in the water exercise'...
I personally thing you are spot on there. It would be the obvious thing to do given his comments recently on this and the other 162 Group companies that their ambitions are mainly as explorers not developers.
0.7840p to buy and 0.7550p to sell 1.2M pre NT. MMs clearly want our shares...
Telling from Teeling?
Is he planning for life after selling our 23.44% of Zinc at Stonepark?
It fits.
At the moment, it's a no buy. It has to go up 20% before b/e!!!
The very mention of Lithium gets the pulse racing.
Nice and interesting development.
Highlights just how low the mcap is!
GL.
DVH yes, a leftfield surprise! Zimbabwe is one of Teeling's old stomping grounds, he knows the place very well.
This could be very interesting indeed.
Well, that was unexpected (and interesting!)...
Yep, Mr. T made it clear to me in email that ARK are not there to see the Zinc into production. Or the gold for that matter.
As Mr. T put it : We are an exploration company.
Absolutely right Auc, we know we have a high grade zinc/lead resource at Stonepark, the question now is how much more are we likely to find. 10m tonnes and it becomes a worthwhile asset to get into production. Teeling will have sold our (minority) share of the project well before this reaches production! Current mcap £2.6M!
They actually ALREADY have 5.1m mt of high grade shallow depth pay dirt.
G11 say with the potential for another 50 to 100m mt which would eclipse or double Pallas Green at 45m mt
Its been potential multi bagger for a while - but the last RNS told us they actually have something valuable in the ground. And Michael Gentile in the picture - he has a great track record in picking miners....very pleased to buy some more today.
Now sit back and wait.
Downside risk here atm (mcap £2.8M) is minimal imo. Upside, potential multibagger!
It's coming!
GL.
I think there is going to be a big jump in sp in the blink of an eye
Barclays will take 1.2m shares off me for 0.755p pre NT. It has been a struggle to get quotes to sell even 200k shares in the past few weeks...
Market still hasn't digested the news on Stonepark last week. Something going on in background as bid is steadily rising and they will take big chunks at a time.
Interesting part of the G11 CEO statement after the publication of the RNS yesterday;
'results thus far strongly corroborate management’s view that this area has the potential to host zinc mineralization similar in style and scale to Glencore’s nearby Pallas Green deposit.'
Current mcap of the company, including 2 x 100% owned gold projects is now just £2.6M. Glencore, with Pallas Green right next door to Stonepark (major shareholders of Group 11!), returned $4 BILLION to shareholders after the latest set of financial results (record profits!). Just buy the whole company.....