The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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The last news from the company may appear bad, some have said it is worthless. However, this is exploration territory, minerals do not tend to just sit in one lump. You can have large areas of deposits linked by ribbons or veins of material. So I for one will be adding more stock, as I do not see a change in the fundamentals of this project.
GLAGLTH.
I see this headed to 1p and who knows if it will drop further
There will be nothing for the investors to bank on
Am so note how the CEO has ramped up past news and a nice raise done at 3p only to release bad news after that
That's not good at all.
Company has lost credibility
For what its worth..no news expected .. Xmas.. early new yeer... £4m Market cap coming 1.20p
I think that will be bottom.... 1.20p...
It will do again mate, wait till april. I will load it up to few millions while drops
A hard knock. Something to be said about always banking some of your gains on an uptick. I remember when the sp hit 6p earlier in the year.
Compared to the last purchase low 2's for me that I thought was cheap.... yes agree.
I do think they are onto something but cannot envisage further news flow until spring...which is the life blood of the investor.... but yeah fully agree cheap if you are here for the journey...
Just bought a few for 2023 prospects
From experience always better to let the dust settle before trying to catch a falling knife....
Get cuts.... deep..cuts...
Misleading I would say...bit more disappointed in that than the assays TBH
Don't expect a bounce until further drilling and survey etc....
Will hover around £4m market cap I expect until next spring....
Joys of the Exploration Investor.... Good in fact mega previous cores....
Another raise of funds, even if not large, at 3p per share. Let us see what the forthcoming set of assay results are and how the market reacts (or not) to them.
If they are to keep drilling and proving up the JORC then they will need funds. Hopefully that will be at higher and higher prices as each drilling campaign is successful and the JORC increases. Until such a point a predator makes a move and makes an offer.
The final results were a good read. The line that jumped out to me was "Further funding will be needed to ensure that the exploration and evaluation activities can continue, and the project continues towards reaching its ultimate potential." At some point, post-updated JORC of Coffey and before they move on to another site, I think they will have to start talking about what the accelerator aspect of their business proposition means in substance.
9938...9938...9938
Monday...9939 9939 9939...
Its code... ATB
3 buys for 9938 exactly? very strange?
Some decent buys this afternoon...
Which is reassuring as majority of shares are in sticky hands waiting for that increased jorc which in turn will
realise the true value of the Mila Tenements...
Majors adjoining our tenements will be wanting our paydirt...
ATB
Steady on, Torino! We have a market cap of £10m at the mo. Don't be jinxing us and filling people's heads with loose talk of 15-30-baggers! :-) Let us see if we can get to and hold a sp of 4p by end of year.....
The potential here next to Bellevue is off the scale. Biggest thing is they keep delivering and today’s RNS is absolutely HUGE for the company. Wouldn’t be surprised to see this sold for between £150-£300m within the next 12 months if today’s find is confirmed.
Its just a matter of time before this share rerates, every time they put the drill bit down they seem to hit the jackpot.
Significantly, KVDD0037 intersected a broad zone comprising four sheared zones over an apparent 87m wide down hole length (~339-426m) which, if each zone is mineralised with gold-silver, would be a significant breakthrough in the development of the mineralisation at the Coffey Deposit.
Updated jorc coming...re rate..... 6p will be the new norm soon enough
I'm keen to see what the full assay results from Phase 2 will show/prove (before end of March?) and if the thought of multiple lodes is substantiated. If not, sentiment may weigh heavily on the sp ahead of any additional results from the Phase 3 (Step Out) and Phase 4 programme.
Updated presentation out on the MILA website. Reinforces why we are all invested here - Exciting times to come!
Icepick, don't sell a single of them until the sp reaches 30p!!! ;-)