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It would certainly provide Polymetal with further diversified country risk exposure.
If CHF prove up a monster copper belt with the prospect for a district scale multi mine operation POLY could just take out the company for 10 x the present SP which would be nothing for them to move from 20% to say 70%
Food for thought.
Last presentation states they hope to drill July August... And need $2m for the drill for licence , contingency and to meet regs..
Yes expect they will be raising for the Campaign in a way that is tax efficient for institutional long term investors....
The longer they leave the money invested the better the tax perks....
I am expecting a 25% increase in SP at the point of listing....
19p Target Broker note.....
All good ...from here super...
@BCB
It's a lengthy 97 page report that I have only scan read initially, it looks like the next work will be the ground work to define 15 initial targets from around 250 High grade copper anomalies and then they will fly the drill rigs in via helicopter for what will be the maiden drilling programme
26.0 RECOMMENDATIONS
"Additional exploration work is recommended by the report authors for the Adeline Project based on the results from the summer 2021 exploration program completed by Chesterfield. The report authors recommend focusing the next stage of exploration and drilling on priority target areas with existing evidence of copper sulfide mineralization and defined through historical drilling or trenching campaigns.
In total, 15 target areas have been identified by Chesterfield for further evaluation (Figure 26-1).
These target areas are based on the 2021 field mapping, sampling, and geochemistry data and associated structural target concepts, and compiled results of historical drilling programs, geophysical surveys, and geochemical surveys.
The Phase I exploration program includes further geological and structural mapping over newly-refined copper targets within the Seal Lake Group, and potentially re-logging of historical core to confirm lithology, structure, and copper mineralization and validate historical mineralized intercepts.
Cost $100,000 CAD
Phase II
includes a helicopter-supported 2,000 metre diamond drilling program over priority targets
Cost $1,500,000 CAD"
Looks like CHF could be on for raising $1.5m to $2.0m CAD from the TSX listing to swell the coffers for the above recommended work programme
Wheels starting to turn...
A very good time to get in or increase positions
Expect a 30% increase in SP on listing....
ATB
@BCB
Don't forget alongside the Canadian TSX listing they are also lining up a US OTC listing.
As I mentioned a couple of weeks ago the unknown is how much they might raise from the North American money men.
It's the right move to fund Labrador from the Canadian markets as there is a track record going back decades of highly successful developments in the region.
Equally if an RNS lands announcing they have intersected a VMS deposit with thick high grades intersections I wouldn't be surprised
Its the TSX listing …. Buyers getting in before the news is public…25 to 30% on confirmation of listing….
Well we shall find out soon enough..
Deffo the same buyer. Something must be going on behind the scenes. Look at the premiums they're paying to ask.
If its the same buyer, that's £100k taken
Luckily I sold out at 8p before buying at 3.95 and 4.94. This moves higher.
Looks like that took a fair bit of any loose stock off the table.
looks like some price correlation with POLY
loaded up , the lowest was 3.95 p .. but most low 4’s
But I did buy a few @12 p
Brought my average right Down and this little rally is long over due
easy money this 10p in no time.
this is interesting...late reported trade
23-Mar-22 11:03:51 5.90 1,011,712 Unknown* 4.90 5.20 59.69k
Mate this price is mad. See this at 10p in no time.
Love it……copper and gold
Martin French .... making and Audacious Takeover bid for Poly Metal.....
All to play for here.....
Nice one DVH...where did you stay...see any shows and what was your game...21 .with an Elvis Croupier..... :))
Buyer our kind of investment now...when they turn a corner you be able to afford to spend your retirement there..if you can keep up that is :))
Afternoon bitcoin, just back from Las Vegas and much poorer! Back to the AIM casino lol
Company has plenty of cash, a Cyprus asset which will probably be JVd with someone else and an amazing Canadian prosepct. These will be 10p shortly after the funding in canada.
How are you DVH...
Can some of these shares really get any cheaper ??
I have a chunk of money landing from a development site sale anytime...
Promised the wife would stop gazing at my computer screen...
But this certainly looks like the land of opportunity.... ATM...
Dale Winton Coming soon..... :)))
I'm the same as you PP as the current SP is pretty tempting. Looking like the Ukraine situation will get worse before they (hopefully) improve. Lots of 'bargains' await those with spare funds imo