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The relevant rns was headed as Initiation of Farm-Out Process for Verkhuba.
The process won't be finalised till June and as Crofton pointed out the rns states one non-binding offer has been received.
Obviously there are no guarantees of success but several companies have been interested as per the rns.
Missing out that they've received an offer already. I feel bad for you Earl, not since Elvis has anyone strained so hard to push a turd like you have with CMRS
f off early you cross-ramping ****
Of the 218m shares currently in issue, 110m are in sticky, long-term hands (see share registry of 3%+ holders). So only ~108m shares actually tradeable in free float. Very tight structure.
Free run to 5p on chart
Just needs some more volume
Bought nearly 20 k in three trades today
Only one showing though
East Star Resources Plc
("East Star" or the "Company")
Initiation of Farm-Out Process for Verkhuba
East Star Resources Plc (LSE:EST), the Kazakhstan focused copper exploration and resource development company, is pleased to announce that, as a consequence of interest in the Verkhuba copper deposit ("Verkhuba" or the "Copper Deposit") having been received from several companies, the Company has initiated a formal process including the opening of a data room for a potential joint venture, farm-out, or sale of the Copper Deposit ("Transaction").
Relax guys
nothing is set in stone yet!!
Agree with that, it does not dampen the demand for shares however, one way here and that is up on solid fundamentals
There is definitely a squeeze on available shares here.
Buy while you can
Should comfortably be mid3's today only has 200 million shares in issue
EoA seems to have quite a transparent agenda.
AC shut up you absolute fool you have no idea
Whereas another tiny one copper exploration company with £760k Mcap been approached by A leading Global commodity trading group to become It's Partner.
well that's something investors missed I guess.
The reality is EST only made intention to farm out..... why most are jumping on the band wagon as if Farm out is happened already. it's long way for this to happen.
until then Sp will drift and drift........
5p target for me by weekend.
After that, look fwd to FO news by July, a deal could see significantly more value by Q3, double figs quite possible imho.
Free float getting tighter
Jorc imminent could be company making when jv is announced.
Company’s were knocking the doors down to get into the data room.
Copper is in vogue
Company is ran by a gem of a man who lives on site with his family and he holds 19 mill shares.
Backed by a mining giant.
Wake me up when it hits 8p in couple of weeks
I said this about the copper last August, it was never a REE to copper pivot. "Copper has always been the main asset. Seems he wanted to avoid a high risk binary play so had gold and then REE licences. In interviews last year he kept saying optionality. This year he's said good was ready to drill first. In other interviews and RNS he's mentioned involving VMS experts and on LinkedIn they've had another one come in for a field visit. This is the jewel in the crown, always has been, they've got a JORC estimate before any major drill so not a Greenfield like the gold was. Market looks at it like a crap shoot when it's had the most time and attention devoted to it."
ha, glad to see you're full of ****, gone from 'its a copper play from the get go' to gold and copper and yeah, they applied for a rare earth license. utter chancer, blocked
Were you the tool calling this a lifestyle company? When the CEO took a pay cut, participated in every raise and lives in country? Which orifice were you speaking from when making those defamatory comments? Not sure what kind of idiot buys a share in one tranche instead of scaling in. Quite arrogant when even the best investors recommend cost averaging as you can never predict the bottom. But you obviously have psychic powers and don't take accountability for your mistakes.
From 10 January 2022 "East Star, the Kazakhstan-focused gold and copper explorer". Rare earth was in May. Hence from the "get go" gold and copper were the main focus as they acquired those licences pre RTO. Hope this helps.
'east star resources plc (lse:est), the kazakhstan-focused gold, copper and now rare earths explorer' from 2022, that was literally why they applied for the license for the iac ffs, care to explain why the company would describe themselves as that please or are you talking out your ****?
And only 118 mill free float and you are hating on this share.
Will 100% pass 5p this week or next
It was copper from the get go. They picked up a rare earth asset for nothing and quickly moved on after it wasn't that promising.
Agreed, I think if you've got some belief in it then it's a no brainer. So many of these exploration companies fold, just didn't expect it to rise like it has, hopefully it keeps it up in the coming months