Firering Strategic Minerals: From explorer to producer. Watch the video 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.
Lovely close today above the psychological 1p level. Soared an impressive +65% this week. Closed at its highest level for 10 months. Gold now leaping back toward the $2400 level. All very bullish signs for BMV.
Align Research predicting 1.2p to 1.4p for BMV next week.
Share Prophets have set a short-term price target for BMV of 2-4p. Currently, 1p.
https://sharepr*phets.com/views/74360/tom-winnifrith-bonus-bearcast-no-longer-an-insider-on-kefi-or-bluebird-merchant-oh-what-a-joyous-day
Thanks Skier, do they mention duration of short term
Pure speculation on my part but news of Kochang on similar terms alone could see this propelled to 2p and news on permissions granted 3p plus. I don’t normally stick my neck out on forecasting- just my view and reflecting on where the SP has been in the past on hope alone.
Should be another interesting week here. Watch for the games and think carefully before using stop losses. Will the big buys continue? We will find out soon!
ATB
Positive start - look at the trades - ignore the colour and look at the price - buys reported as sales on here.
Looks like larger trade tickets might be being delayed again....
BMV closed at yet another YTD high today. A bullish sign.
Everyone loves gold.
https://www.wsj.com/finance/commodities-futures/gold-prices-2024-investment-dc6248b2
Indeed skier - all looking very positive, even if it was very quiet on the chat front here today.
A lack of timeline from AB could actually help maintain the SP in the short term or next couple of months as news on Kochang could drop at time. If I am reading the situation correctly we are talking about negotiations and not field work and so they can proceed at pace if all parties want to. Let’s see!
Morning - let the journey to 2p continue :)
I did ..bought 5,000,000 approx last week in chunks
Morning JWB - I don't post my transactions because that is my personal business - it would be almost like posting my bank statement. But I will say that I have been taking advantage of the current low SP to increase my holding and lower my average in the process - but then I have been both invested and posting here for years if you care to scroll back. I have also been critical only recently on the lack of progress - but all that has changed now.
I often read statements about directors buying shares on other stocks. The fact that they are not is probably down to one or more of the following reasons rather than a lack of confidence:
1. The are in a closed period and unable to buy - highly likely given the ongoing negotiation on Kochang
2. The don't have the cash to invest
3. They feel that they already have a sufficiently large financial stake
I personally think it's reason 1 - so that is actually a positive sign if I am correct.
JWB - my point is that they might not be able to purchase but I also take your point - director purchases always go down well.
As an aside your post below prompted me to go down memory lane on my holing here - first purchase 12/9/19 - I paid 2.44p a share. The first of many transactions - its been a journey.
Holing?!
Holding :-)
I have to imagine that most holders are now doing just that - holding for more news. Still some large holders (TR1) who might wish to off load some more of course.
Just noticed the 2 large purchases posted total 3M shares - someone certainly loading up it seems
And another 3M taken off the table
But I don't understand why they are paying so much at the moment - anyone?
JWB - glad to hear it.
ATB
That’s why I have accumulated £50k worth …could be a life changer
Worth repeating this from the RNS
Gubong is the larger of two 100% owned gold mining projects in South Korea. It was historically the second largest gold mine in South Korea and the Korea Resources Corporation estimated 2.34Mt at some 6 g/t Au garnered from 57 drill holes over 17,715.3m. It is an orogenic deposit, which typically have a depth of 2km compared to the current depth of 500m. The Company believes it has a potential resource of +1Moz Au in-situ, plus an estimated additional 300,000 oz Au from satellite ore bodies. Having completed extensive analysis of the historic data, it aims to bring the Project into production with a medium-term target of 60,000 oz Au per annum rising to 100,000 oz Au.
100k oz pa!!!!!
Humour me
10k at POG 2300 / AISC 800 x 40% = usd 6m
60k at POG 3000 / AISC 1000 x 40% = usd 48m
100k at POG 3500 / AISC 1200 x 40% = usd 92m
What price earnings ratio on miners at that point?
Not impossible numbers given time. I even included inflation for the AISC and down played where POG could go - some say 5 to 10k is not impossible.
Tuesday evening dreaming
ATB