Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Anybody else got problems with the shares in their trading account?? Mine still shows the old shareholding and when I try and trade it says the stock doesn't exist.. !! Why do I get the feeling Kuenzel can't even get a change of name and consolidation right..
Placing - not looking at the moment - will start talking to IIs to develop the mine Next few weeks - update on drill results - general exploration update Production - partner looking for feed stock - need to undertake some further drilling - cut out capex / cut out infrastructure - not going to take years. - relatively short lead time
managed to go nearly a whole minute before saying "look" !!
The target resource is between 50mt and 70mt so assuming a 60mt mid point. Resource valuation: Ore body area = 60,000,000t. Cu @ 0.65% = 390,000 t. ( x 2,204.62 ) = 859,801,800 lb of Cu @ $2.11 = $1,814,181,798 Au @ 1 g/t = 60,000,000 g. (div by 34.285) = 1,750,036 oz of Au @$1,300 = $2,275,047,397 Total value of resource (in situ) $4,089,229,195 So $4bn of resource in the ground, shallow pit , cheap to extract and agreements in place In comparison the resource value for SOLG's Cascabel Alpala resource is $12bn (so 3 x ) - but that’s block caving and needs $5bn upfront capital to extract. Their MC is currently £170m. Er….
released after lunch.
Is it temporarily suspended??
That's not untypical with microcaps I guess ... but I trust the judgement of MC more to be honest . The guy knows his stuff and is well connected . Sit tight , this could be the SOLG of 2017
Indeed, he has LOTS. I am surprised however at how few Greg owns. Forget future options, I mean in the pocket right now....
Churchouse has a chunky holding here and he is no mug.
That's not funny :)
Regardless of whether the company is bad or good. Its time for this company and BOD to deliver something. Even if it's a bucket of Ore containing some form of metal. Kicking investors in the teeth and showing nothing for it apart from promises and "upgrading" is wearing a bit thin. Mr_Bezzer
Have any idea when trading will resume?
Gone in sixty seconds
How long do you think it will take you to get back to 0.009p?
Questions for Greg on today's podcast. Maybe too late? surveymonkey.co.uk/r/ZKL98XZ
They completed the rotgulden Jorc drill plan and planned to bring in mobile plant for production then just before it was due to be published they said more holes were required to maximise the resource Hmm Sounds familiar oh yes just read it in rns for this escapade Talk about history repeating itself
I know there is history with this company but the current target looks like a different beast Open pit Extensive mineralisation Good grades Agreement to mine in place El bargaino to me
Has anyone seen one ?
Tend to agree, topped up at 0.10 last week, but then had a closer look at the interim financial statements and realised the next placing is probably coming sooner than I had anticipated. As ever the trick is judging where's the bottom, suspect it's got a couple of ticks lower to go yet . IMO.
I have bought another tranche today at 9. The panick sellers have driven the share price down in anticipation of the reverse split and a further placing. Sure, the price could drop after the share consolidation but the risk/reward is now heavily in favor of current buyers. Dyor.
Ctw, let's hope for some good news release, then if it comes soon after the consolidation we'll know what's coming next!
Oilswell - I am guessing that they will want to issue some encouraging news to lift the sp before any fund raise, but WTFDIK!
Experienced and educated in what? Spouting a neverending flow of BS in order to indirectly fill own pockets with cash from the people they seek to mislead?