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I am reading drilling assay from other explorations miners around the world, with pay zone thickness of just few meters some just 1 meter and similar grades...
64 meters and possibly better results to come is definitely encouraging . Depending on the approach first drills campaign would be to test the wide license area, therefore there will be some hit and miss.
These assay are very positive..
Sounds like they “could” have industry noticing results based on what todays news.
“We look forward to announcing the remaining assay results in the coming weeks, in particular the results for holes 18 and 19 for which we previously announced significant pegmatite intercepts with visible spodumene.
"Following the recently announced US$18.6m investment agreement with Ricca, the next phase of our fully funded exploration programme will be defined and carried out jointly. Both the Firering and Ricca senior technical teams are currently at the Atex site and the next phase of exploration will be finalised over the coming weeks. We look forward to updating the market on our combined efforts."
Starting to wish I’d found this 2 weeks ago lol.
Not having a huge rise....people taking profit.
Wait for the sellers to get out, this will rise in the next days and week.
Buy on retrace and accumulate.
Looked at these before but without any idea of grades it wasn’t worth it. Now with world class intersection and more results to come I could see this doubling or tripling from here imo.
Dyor
64m at 1.24% Li2O from 76m in hole TVDD0004
wow..that is a lot of lithium, very thick.
I am sure with these numbers they will poove a maiden resource worth mining...
Multiples of current sp.....drilling campaign accelerating, more assay to come.
Wow
These first assay results from our scout drilling at Atex show the first significant intercepts, including 64m, grading 1.24% Li2O. This is exceptional and amongst the best intercepts recently reported by our global peers and confirm the presence of lithium in our pegmatite system. We look forward to announcing the remaining assay results in the coming weeks, in particular the results for holes 18 and 19 for which we previously announced significant pegmatite intercepts with visible spodumene.
Changed my opinion to Buy on these first assay results! Way undervalued on this announcement.
64 m of lithium intercept. That’s world class and it’s at a shallow depth. Should keep building from here. Incredible results from a maiden drill. And more assays coming too. Sounds like they have hit the mother lode
Amazing RNS. Wowsers. Could be a 50-100% rise on that.
Some results with more to come!!
Those grades are A Class
I have a smallish bag here but also holding #Afritin #arm lse ticker on a great trajectory as well.
SP Here is still way undervalued Im guessing at assay results next week so could be a fair amount of buying interest today
When I bought last November, I said on this board 'High grade lithium and tantalum in a stable and supportive country (Côte d'Ivoire). Vital resources. Well financed. Good to get in early.'
Later, I was dismayed at the share price halving, but after continuous research, I kept averaging down. So I have a large stake in FRG, fortunately now in substantial profit. FRG certainly has delivered, due to geology/geography/demand, but also due to an ambitious and energetic management. (My other major investment is in KZG, another company which is also astonishingly undervalued considering the resources, management and interest from other parties.)
FRG is now on a trajectory. The lithium mineralisation uncovered and the involvement of Ricca to advance Atex to DFS, and of course the increasing market demand for lithium, shows the huge potential here.
As an ALL holder, I had to buy a few rings. Same people can do a rinse and repeat. Interesting stock.
Thanks for all your replies - much appreciated.
The fundamentals here are very interesting, the chart looks really good and the market cap is still so low. FRG is my No.1 holding. Strong finish today :-) GLA
Mentioned earlier but the UT means "uncrossing trade" which means its not a delayed trade.
Before open and just after close an auction takes place each day. Some brokers allow you to bid in this, some don't.
Auctions allow the opportunity for slightly better prices. During the auction buyers and sellers get matched up. At the end of the auction there will also often be some unmatched, these goes back into auto matching main pool.
During the auction there may also be a buyer and seller with a perfect bid and ask match. This becomes listed as an Uncrossing Trade.
this share has consolidated niceley over the last couple of sessions. im adding more today whilst still very cheap
Another UT at the opening for £22.50 at 15p ?
The mysteries of market making........
Looks to me like it was pulled down for that 250,000 share buy at 4.05
Reckon on an up day tomorrow ...
08-Nov-22 16:35:03 15.00 29,050 Buy* 13.30 13.70 4,358 UT
This is likely the reason for a jump to 15p, but this trade is outside trading time, likely occurred earlier in the day, delayed trade...hence unlikely price will open at 15p tomorrow.
4kandles
closing price is likely to be near day low at 13.50 I don't have live price so need to wait a bit longer for confirmation...
Some time on delayed prices depending on the timeframe you are looking at the price doesn't update to current price or anyway shows the wrong info....
Not a good day for FRG but hey it has been rising 100% in few days.......lol
I usually just lurk here, am quite heavily invested and a happy holder.
Did anyone notice some odd activity in thelast 10 minutes or so of trading? I couldn't get a buy and over at another site I saw the SP jumped to 15p at close. Any inputs gratefully received.
Indeed ALL focus as to be on Ghana now.
We have entered the league of soon to be producers, and would be better to capitalise on high Li prices by bringing production forward.
I think Neil Herbert gave some hints from recent interviews...
I am trying to compare market cap. valuations between SAY, SGML and ALL. Not an easy thing to do but plenty of spare time on my hands and a bit bored too......so why not.
For Ricca and Frg yes all the potential is there to become the next Ivory Coast lithium miner...
I am wonder at what market cap Ricca will float....