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...people selling?
Is there something bad in the small print of today's RNS or is it going to be followed up by a bad news one later. Any normal share would be flying on this. Someone, somewhere is manipulating this to their own benefit.
I'm surprised also bonga........!
with the recent raise @ 0.30p, quite why we're here on a x4 fold increase in grades is beyond me........! :()
All the best (but buy when can eh.......! :)
If you've been here long enough you know the market isn't bothered by 1m intervals, unfortunately.
Just trying to be realistic as to why this particular RNS flopped.
With in that 1m interval is x4 more Gold mentalmax......! :)
that's what the RNS is telling us.......! :()
All the best (with more to come an all.........! :()
These are encouraging and are for the first few holes.
The holes that had the greater widths are yet to be reported for the re-tests.
Even Mentalmax may get enthusiastic if they return similar upgrades ;-)
Will be interested to see the Antimony results from HR3 as well....plenty of activity to come (any of which could re-rate)
- Remaining Kuboid Hill re-tests
- Baillieston Antimony testing
- JV potential
- Tambo drilling
- Blue Mountain progress towards production
- Lolworth sampling and trenching results (and then move towards drilling)
- Baileston sampling results & potential drilling programme
- Lolworth REE testing
- Tax Credit monetisation
JV, Lolworth or progress towards production could spark a re-rate - the other points might, given the way we know this behaves, give incremental nudges up.
Personally I'm waiting for Lolworth, new ground and something that's new to the market
It's surprising how quick the mood can change and t's hard to believe that we're sat at this price. It was 0.20 when AH decided to leg it after steering the ship into the rocks and a lot has happened since, but that's AIM. Naturally some will sell has the sp drops and from looking at the trades since last week the fish and chip traders have had a go and decided to bolt. How low this goes nobody knows but it's not through lack of trying by the BOD or a "dodgy" placing.
Keep on stating ‘manage expectations’ doesn't help tbh. Just say it once and move on :).
Anyway we don’t know the reasons for stating the above, maybe to keep price down and letting some mates get in. Don’t believe for a minute they will not do that after they have found better grades of gold. The sp will go again at some point when the dust settles.
Buys printed as sells through the afternoon and now the Bid is over the Ask for same.........? :)
some squeeze that........! :)
All the best (hold on IMO.......! :()
Just catching up here, looking great now. A JV would be perfect!
Looking great or looking better? I think you mean looking better...
It looks like the traders have taken an early Summer and who can blame them. It explains the selling we've seen over the last couple of weeks. Sell May and all that....
So i guess nothing until october then
Thanks for the info , sold my shares and moved to something with more imminent news and more reliable
Great to know! Bye......................
……Doc knows the markets, stand by your beds 😉
You'd struggle to find another stock with as much news flow in the pipeline.
Yup…. and so undervalued
Scarlet - and you chose to tell us all. We are very grateful :).
I better sell all mine now and follow you like a sheep. So so grateful. I bet you will comment again soon even after you have sold.
Dan,
But it is the type of news flow that is key.
If the Board are simply going to tweet, go on Stock Box, create their own Creswick video that pans across gold samples and shows someone rolling an unidentified item (presumably gold) in their fingers all in a monochrome video - showing gold in a monochrome video is never good, do ShareTalk interviews, do Zak Mir interviews but all they are telling the market is the same rehashed announcements that they are again drilling, trenching for samples to go to the lab. Or they tell the market that in those bags of samples there was a bit more gold, then the market is simply going to see this as jam tomorrow. Look what happened to the share price after Tuesdays RNS. The market wasn't fazed by "Significant increase in gold grades at Creswick" because it's just jam tomorrow.
In terms of the gold they now need a measured, indicated, and inferred statement from an independent person. I'm sure someone will post that you can't get the second before the first but clearly the market didn't buy in to the RNS on Tuesday this week. Simply talking about samples, talking about waiting for the laboratory, then talking about a few more results appears, in my opinion, to be losing faith with the market.
In terms of the other news flow items, the same principle applies.
Personally, I'd rather they kept away from the scattergun media contact and just spoke about each development as it happens.
Just my own personal opinions, everyone is entitled to their own view on events.
I agree regarding the comms and l posted similar points last week, you can saturate sentiment quite quickly. As for the reaction to Tuesday results, the market wasn't fazed because the market wasn't awake, in fact the market hasn't been awake for the last 3 years. Look back 12 months and ask yourself if the company is in a better position now that it was back then. There is always going to be an element of Jam, that's how these AIM companies survive.
And there was never going to be a huge reaction as this week's RNS was only for the first four holes which were not the higher width/grade holes.
There will be more interest around the remaining 11 holes including the 'interesting' ones.
Will that be enough to shift the SP significantly ....????
Hopefully with the full 15 holes results we will also get an update on the next steps at Creswick .
As you say Sausage , a plan towards getting an inferred resource there would be a major boost.
We will wait and see.
Afternoon Peeps........!
the labs that are testing those remaining samples won't be going away in May BTW........! :()
All the best (so it's a hold/add IMO...........! :()
TalkingSense,
Just a correction, the RNS concerned "bulk sample results for the first "four" reverse circulation drill holes as well as the final "two" holes drilled at the Kuboid Hill prospect in Creswick earlier this year" So in total the RNS covered 6 (4+2) drill holes not 4 as you state.
You mentioned in a previous post "The holes that had the greater widths are yet to be reported for the re-tests" and again mentioned it in your last post "first four holes which were not the higher width". I don't read anywhere in the RNS about the width i.e. that the narrower widths have been reported and the wider width holes will be reported in the future. Please could you post a link to a RNS or an ECR document that states that the holes with the greater widths are to be reported at a later time. Thanking you in advance.
Correct me if I'm wrong, but when the RNS states "ECR has received final results from bulk sampling for the first four of the 17 RC drill holes at Kuboid Hill (being KHRC012, KHRC008, KHRC009 and KHRC015). Only KHRC012 generated any reportable results from the bulk sampling" If KHRC012 was the only RC drill hole to generate any reportable results, do you consider KHRC008, KHRC009 and KHRC015 drill holes to be duffers? i.e. no reportable results.
You state "There will be more interest around the remaining 11 holes including the 'interesting' ones." and you ask "Will that be enough to shift the SP significantly" I think the key word you identify is "significantly". For me, if ECR just come back and say (which I'm expecting them to do) there is more gold, bigger gold and across a wider area. A fairly standard jam tomorrow response, then it's 50/50 on whether it moves the sp up, and for me a slim chance of it moving up and staying up significantly.
However, if ECR tasked an external independent geological company to come in and fully assess the whole range of bulk sample results to give an independent measured, indicated, and inferred statement then I think that would light the touch paper of ECR. I would add, looking at the RNSs, I don't think ECR have enough results in the data vault to hand over to a outside independent geological company at the moment to generate that independent measured, indicated, and inferred statement. I certainly wouldn't have confidence in an independent measured, indicated, and inferred statement if ECR published it today (that's my own opinion/ belief).
As requested Sausage...link below
https://twitter.com/DDS_DocHoliday/status/1787729616087466255?t=dH_PKYhjp1YSdTpcqaolNg&s=19