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Sorry where is the RNS?
Sale at 3.6p now.....if this keeps going I might be buying....blood/streets thing....lol
I obviously got that mixed up....lol...but we were at 7.6p last month (before the placement news which plummeted us to 6p).
so one month on ....now that we've reverted back...and cancelled the placement....we should revert to 7p...not 4.5p....lol!
GLA
0 seems most likely possiblity now bankrupty
And I thought it was a charity fund investing into us.....they were hardly borrowing the money.....so don't make a huge amount of sense to me....but bottom drawer is better than 4p IMO!
Wakey wakey Claude, well done. Look what you have done.
Gold; all time high
Landore; all time low
Make it make sense
I see Storm are going for a placement.
I had written off the idea that we'd be seeing the money we're due from them, but maybe not? Keen to hang on to Miminiska and Keezhik with gold on the up? Maybe they're finally getting there with negociating with the first nations?
Come on Claude. You and your Canadian buddies have all had ample opportunity to buy dirt cheap shares in time for both the sector and company to turn around. Get on with it. Other companies are moving.
Gold up again this morning.
Macro shifting and could go quite dramatically in our favour in 2024.
It's getting difficult to imagine that this doesn't look drastically different and better a year from now.
It just needs some confidence to start building and momentum traders to starting to piling in again rather than bailing out. It's too easy to wait still at the moment, once it starts moving upwards it won't be.
Yep I know what you mean Soldtoosoon and JB73.......I was indeed lucky with PUR........and took my profits early!
Indeed now when I see some names like JM @speymilldeutcshe and CNR I now look for the Exit Door......sometimes I wonder if the names or their friends are selling as RI is buying!
The point is that some companies with no MRE, nor guarantee of success can be valued at nearly x100 fold on the TSX as LND and yet we have a MRE and a good chance of a small profit Goldmine with a good guy now at the helm and some funds coming through.........I hope we get back to 10p soon for starters!
I have made plenty of blunders too on TSX and buying into the hype there!
GLA
Worth saying on the Pure Gold issue that the complications experienced there will not apply to Junior Lake.
2moz of simple open pit will be in the bank by the time a mining decision is made. 10 years at 200k oz/year.
If the geologists are right and there's shallow gold on some of the rest of the length between Bam and Lamaune then it could be 20 or 30 years before anybody worries about the complications of underground mining.
Sorry, Bankrupty - bloody predictive text!
Bankruptcy
The presence of Eric Sprott in any gold mining company guarantees nothing except a great deal of hype. He can pick winners, but he can also pick major losers too. I suggest you have a look at his involvement in Pure Gold (PUR) before you quote his name again here. PUR found excellent grades, built a mine…..and then went bust because they couldn’t mine profitably. Sprott was loaning them money to keep the show on the road right up to the end. On a more positive note, I’ve been a holder here since 2020 and I haven’t been this positive about the future direction of the company for quite a while. I’ve always believed in the resource, and, based on his actions to date, I’m starting to believe in Claude.
It's off to the TSX-V we go.
I know what you guys will say, the TSX-V is also crushed right now.
The difference is that when sector sentiment turns, it actually stands some chance of attracting real investors on company fundamentals.
AIM has become an utterly crooked cesspool dominated by 10% traders. No serious company can stay.
Claude's pitching in hundreds of thousands of dollars of his own money with the only route to exit being building a mine, be that via a sale or in house. Given his pedigree he's as well qualified as anybody to decide if this is likely to become a mine and he clearly thinks it is.
The wait for him to move the ship and start sailing it is painful, but we are done being valued ridiculously here on AIM.
https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess/
The issue is not the resource, it's the funding. Once the funding is sorted and a drilling campaign underway then this should look to rise at a steady rate. Needs good news to do that however.
Should read NEWFOUNDGOLD.....not "FOULD"...lol
And further reading NFG NI-43-101 technical report........"Finally, there is no guarantee that NFG can successfully extract gold from the
Queensway Property in a commercial capacity. Mineral processing and metallurgical test
work has yet to be performed by NFG. Ultimately, there is a risk that the scalability of any
future initial bench-scale or pilot-scale mineral processing/metallurgical test work may not
translate to a full-scale commercial operation. With respect to metallurgy, potential
uncertainties at this stage of the project include methodology of producing saleable
products, and handling of by-products and waste materials."
so it's not even proven commercially viable and a market cap of 100x LND (very approx.)...but says it all IMO!
......and/or gamble? I repeat my previous post below......I look at companies like NEWFOULDGOLD...in Newfoundland with Eric Sprott owning 20%.....they are doing a 500km drill campaign and with impressive grades....but no MRE yet.... and a market cap of nearly a billion CAD....is that about £700m??
and then look at us........surely time to load up??
"You'd sure think (with the market cap at £8m......capital raise of net say £2.5m to spent on increasing resources beyond say 2m oz. AU.........with Claude at the helm.........) the SP can only go north from now on!
Surely!? "
can't really see a downside?
Correction : I'd go with 5% - instead of 1 or 2%- of those v approx 1500 as live mines by 2035
Best wishes in whatever you decide to do with your money Samval.
Generally, perspectives change over time.. eg the rules of the game that Bill H was brought up to understand have changed to different ones over the years, especially in more recent years... they might change somewhat back again, who knows... but one thought that has stayed big in my mind for a few years now is:
Apparently there are very approx 1500 small cap metals explorers listed across every exchange in the World - unlisted on top I have no idea - and what % of these will be live mines by 2035 is an interesting q to me.... 1 or 2 % is my guess... hopefully this is one of them.. but if you're into mathematical probability the odds are generally appalling...
(Indeed casino gambling odds might well be far better, on average... but ..lots of range trading opportunities for AIM metals explorers through the journey granted...eg one of my bigger wins in this game went under 3 months after I cash out 90% of my holding ...and losing all your bet can take much time.. and you can sell down/out at any stage to recoup some of your bet ..... and spread betting short an option, but I don't do that ....etc to balance that first point out )
What was cost value to prove up an ounce.
Michu, I made a mistake here. You were right. I was wrong. Screw the asset.
I think between this and the other AIM pooper I'm in I'm gonna go main market blue chips from here. I'll hold these sadly, as others said £5 an ounce has to be a good bet but I said variations of this when Bill lied to us .
You'd sure think (with the market cap at £8m......capital raise of net say £2.5m to spent on increasing resources beyond say 2m oz. AU.........with Claude at the helm.........) the SP can only go north from now on!
Surely!?
Ps A meaningful turnaround for your average long term lnd.l holder from here might be a 5 to 10 bagger btw
I tip my hat to you for doing as 'well' as you have in the circumstances, especially over that long a timeframe, bankrupty..
For every one of you, there might be 50 long term holders who couldn't even bring themselves to post on a BB such as this again, sadly .....
But here's to Claude finding a magic formula here.. I have plenty more hope of him doing this than I had of Bill, over more recent years, doing this, in fairness