focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
The MMs have certainly widened the spread so that's probably it until Monday.....
More likely the market makers having a laugh.
Nearly is the answer. Weeks away if not sooner.
Has the Hope-Gorob mining licence been approved?
MrT, hope you took advantage of the 'spike' at clon? Just shows what can happen when folks are giving up hope....
Depends on what news is released! I remember the halcyon days when everyone was positive here and the SP was 0.4p so pays to be a little cautious with what might happen in the future....
Dvh
.03p!!!!
Is that it?
With what we have I woukd expect much more than that.
.10 only values us at 11mill????
Mankayan needs to happen very soon otherwise it will be meaningless to us?
Mr t
Yep, I've noticed a number of small cap resource companies, neglected for a few years, are now coming back onto the radars of peeps. A few have seen significant increases in SP this year and it helps here that copper prices are now back above $10,300. With the mcap at £2M won't take much good news to see the SP take off imo. GLA
Thanks for posting this Link. Makes a good argument for investing in BZT so I disagree with RMc. Especially at these levels NB Willy's punt was marked as a sell. BTW
Article refers to Mankayan which surely should happen in the foreseeable and the mining license at Hope which should appear any day now. Described as the Holy Grail for juniors. Very encouraging
The Hope-Gorob mining licence could easily see the SP rise to 0.03p imo. Without it the SP just stays in the doldrums. A decent 'punt' from here with an mcap of only £2M....(what is happening at Mankayan?)
Good find Willy, although there is nothing in that article that gives me hope. No pun intended.
Meanwhile the selling continues.
You can buy at 0.0172p which seems pretty cheap to me even taking into consideration the years of disappointment here. I've just bought 31M for a 'punt'....
Https://investingstrategy.co.uk/mining/investing-strategy-the-bezant-resources-edit/
This is 4 days old so not sure if it has been seen here.
A very good summary of our present situation if you struggle to do the research.
It'll soon be a pool in Europe as Colin goes on his hols.
Tumbleweed. Crickets. Meanwhile a light snoring is heard from undeneath a copy of the Racing Post, by an agreeable swimming pool in Dubai.
Worth a small punt here, just for the gamble.
Feel for LTH though.
Mr T. The 'negative stuff' only reflects the relentless fall in the sp over many years. That's the fact of it sadly. Practically valueless
I like your confidence Irish makes a change from all the negative stuff on here.
Finance will come from private equity, we may have to raise some cash at the point the licence is issued, it will depend on.progress made in the background during this wait for the licence.
As Prickly comments it's absolutely idiotic to offload now at the current price unless you are desperate, so sit tight and wait.
Mr T
With copper poised to break $11000 in the coming days, Hope & Gorob is anything but a sideshow. It will be much sought after both by other companies and funds that invest in copper/commodities. Small to modest tonnage, high grade copper projects with permits are very rare.
Stay cool and be patient !!
Mankayan went from jewel in the crown (fully owned) to a sideshow we have no control over. I think Eureka has been offered for sale in the past with no takers at an acceptable price. It's sad that Hope ( a cheap bolt-on ) is now seen as the main interest. As I've said before if there's value here where are the bidders? Even with a license where are the funds coming from to progress? Whatever happens Bird will expect his pound of flesh.
My post was intended to make the point that although our marketcap has dropped, the company is not heading to 0. We do have assets. Mankayan was mentioned by Mr T as a possibility where we have shares in the owning company. There's also Eureka for Copper in the North of Argentina next to Bolivia in the centre of South America, 100% owned but maybe a joint venture is possible and it's inactive at the moment but the area has historically been productive. Equally an RNS very soon could make it all unnecessary.
The Namibian ministry of mines cadastre does state that EPL 7170 is "Renewal pending" They seem to be having problems with their website but CB has assured us that it is only a matter of time . I asked him if he was chasing them and he said it is counterproductive constantly chasing them. It is immensely frustrating watching the copper price surge and our SP collapsing but selling out now would be desperate.
We will sell our stake in Mankayan but only if and when it is listed?
In the meantime we need our licence approval as ot has taken fat too long.
I'm sure if it wasn't going to be approved we would have known by now. That's about the only positive here at the minute.
Mr T
I wrote this off last year TBH. Pointless selling.