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16mt still a massive resource that can be improved at depth. Just need more results to prove up resource so diamond drilling and probably a placing. That said if your in it for the long run expect this to pay back multiple times over. For now tho expect huge amounts of noise from traders wanting in lower cant blame them wanting more for there money that is the aim of there game.
Wasn't the addition that most of us expected unfortunately. I don't think Laurence is the right person for in front of camera any more. Credibility issues now until he can pull the rabbit out of the hat. Those bumbling presentations are no longer endearing.
Mid Dec this will re rate. That's a few days to wait not months.
Wouldn’t be surprised if the diamond drilling was delayed!
What will he say tonight? A bit like The Office where there's good news and bad news - the bad news "You're all sacked." the good news "I've been promoted." I'm so glad he's having the best years of his life - must be exciting him for him.
Taking place.... don’t forget!
We were told a supercharged SS. We get half of one. Let's hope the drilling is finished quickly and there are no more oopsy moments
Could have released two months ago, when price was high and mood was buoyant would have continue up, not knowing the markets you trade on is unforgivable hold a good amount here and cant believe whats happening. Massive placing will now be needed at this knock down price, thought JT was bad but this just takes the biscuit. SO MAD.
Colin Bird is involved. Expected.
On skimming the RNS it took approximately one nanosecond to work out that the delay was purely down to this boundary balls up. They obviously hoped they could sort it out before publishing the SS but there's probably a goat farmer in Leon with half an eye on the local Ferrari showroom and who could blame them? Why is it endemic on AIM that Director's think they can get away with this, no wonder they haven't got their hard earned in this.
The NPV not being released has caused the drop short term concern far as im aware. Soon to be sorted let the bidding commence.
Stupid ASX rules!
No doubt someone at presentation can ask for figures - he can say them not publish them....
Going to be an odd couple of days. You would have thought that it would have been disclosed that under ASX reporting rules that the financials could not be published under the resource was 60% proved up. That was always going to impact the SP. Hold tight as I doubt this will re-rate as expected just yet. GLA
No economic numbers. Nice if you own the bit of land that just got a free scoping study, mind.
Real c**k up by the BoD and now we all have to suffer the further drop in price.
Drop!!
Madness
For the infill - frustrating we can’t see the NPV figures though!
Still think it would be super economical
Fantastic news that the SS is out, and hopefully we'll keep good momentum.
In simple terms, what will we need for this SP to correct a bit too many times the current SP.
Obviously an offer of purchase would achieve this, as a probable return is then quantified.
In absence of a good offer, what is the realistic medium term hope/expectation?
Yep...I suspect it will apply to all exchanges
My feeling is it might not make any difference to the SP. And with the brexit vote tommorow may get hammered. hope not
And scoping studies....The one published is not the one I was expecting to read...The one I was expecting by all accounts as per below cut and pasted is only available to industry groups.....
Further to discussions with the ASX and in accordance with Section 8.5 of ASX Guidance Note 31, the Company will not make public any economic forecasts from the Scoping Study until further work has been undertaken to prove up at least 60% of the estimated resource from an Inferred to the Indicated category as per the JORC (2012) guidelines. The comprehensive Scoping Study will be made available in full to industry groups on application to the Company. Key elements include:
? Three conceptual underground mining development and production scenarios considered throughout the Study
? The conceptual scenario selected progresses decline access ramp with a high grade focus
? 4x4 metre mine standard development size
? Mining method and production schedule over estimated mine life
? Efficient mining block sequence identified
At current prices for Silver alone is $191,000,000 Holy Moly!!
That's £149,969,380.00
LOL...what's our MC??? lol
Woooah,,, that's a hell of a lot of Silver jeeez
It's a brilliant SS!!
I'm no expert but what do you think? Broadly inline with expectation? Seems solid, no massive surprises? A positive reaction tomorrow would be v welcome as recent experience (at least for me) is that even good news seems to lead to a hammering, so who knows. Really hoping this will be different!
Shed no leaky sell off IMO but it’s all opinions and not facts here when it comes to conspiracies! Haven’t really seen a big sell of here what I’ve seen here past couple of months is same in most stocks mms marking it down heavily on small volumes taking advantage of no news in these market conditions! Very Good Scoping study looking forward to tomorrow!