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Based on risk v reward this has to be incredible value. Sat at half of a 10th of a penny is a joke ( we all know the reasons why), but given the imminent news and upgrade in grades etc coupled with all the other positive indicators this is a bargain, I truly believe it can 10 bag from here, some people are sat on bags already. GLA looking forward to our mega pay day, dividends etc...
Like people have said the TP discounted valuation will be smashed with our new large investors onboard steering the ship.
40m delayed buy gone through at full ASK 0.052p
40 million buy @0.052 now showing :)
Hi, I am new to investing and had little luck so far. I am curious as to people's thoughts on a potential buyout and what that might mean for shareholders - my understanding is a buyout can be good news for shareholders - what do people think could happen here? might CAML (or another company) buy out and would that mean our shares would be bought out for a set price or transferred to that company? I have zero understanding of this so all thoughts really appreciated.
Correct, very strange, but I'm happy to benefit from the mm's nonsense in this case :)
Yes and littlered66 17m buy showing as a sell because under the mid price
* '' either buys or sells''
If you don't mind me replying Bricks..
Sometimes in a tight market a seller may not achieve the quoted price on a largish trade. But this applies to both buys and sells. Equally it's not unknown for the 'trade' to be cancelled later and sometimes used by MM's to stimulate either or sells.
Bricks yes looks like because the volume was quite large they'd take the lot but at a discount. It's great to see some sells as new investors come along.
Just waiting for it to settle before moving in again.
These sort of movements will encourage short term trades but underlying sentiment is strong.
@Nige... Did you see this trade ?
08:44:29 0.048 20,000,000 Sell* 0.05 0.052
BID 0.05 yet sold for 0.048 ??? How does this come about ?
0.052 3,000,000 SCAP 08:41
0.052 3,000,000 WINS 08:47
0.053 3,000,000 CFEP 08:07
0.053 3,000,000 STFL 08:28
0.053 5,000,000 08:50
0.055 3,000,000 PEEL 08:25
0.06 5,000,000 08:50
Croz great to see you here. I3e RNS
Just absorbing the next expected shake and then moving on.
Trend is your friend.
StevenP, There are a lot of investors here, myself included that are still sat on a paper loss after the SP collapsed from 0.155p to 0.012. This was a error by the board in not discovering that they could not announce Scoping Study economics to the market via RNS due to being listed on ASX. Suubsequently we de-listed from there and a huge placing took place with some very interesting parties taking large percentages. When the figures are released and metals move from infered to indicated and possible upgrade in resources it will certainly be worth significantly more than the $120m NPV as per SS.
Mining license was applied for months ago (Change of use) and sits next to another mine. We have on board a govt official to deal with hese processes. Any news of a sale and who knows what price but CAMLs SASA went for $400m m at 24mt (We currently have 16mt)
Hope that helps
I’d go for it doubling within next few weeks but wouldn’t bet on any higher bearing in mind dilution etc
just looking at this company - what is peoples honest SP potential- short, med term with reasons?
Nice start to the morning ....gla
Oiltap lets get to RA1s 2nd target first..LOL
Stock on the shelves so the prices must go up.
That to buy in any volume means paying a premium
Leslieby, We are all in this together, until a knobhead arrives that reports me I will continue to share. It's now 0.055 L2
These are most helpful. Thanks Nige.
paid