Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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That's an easy 1 wolfy,the hapless toad will crawl back out of his rock when it suits him, most likely when we go red, so probably not tomorrow but maybe middle of next week when we are sitting on 6 or 7 and the traders take thier 10%and then be back at 10p, corrupt to the core.
Evening all.
Another strong day here as things appear to be moving toward completion on the ANZA deal.
BG has taken a lot of heat regards share purchases however in this situation I think when he says he is unable to buy as he is 'party to material info' is probably accurate.
These 'fluid' discussions re ANZA will have been ongoing for over a year now.
So once the deal is across the line it would be good to see Brad take a chunk in the open market
Even Brad should recognise the positive impact that would have on the SP.
Anyway.... one final thought... Not sure how much it is going to cost GGP to move to 100% of Havieron?
But imagine If you could offer holders over there the opportunity to get 100% of their ground back having had $30m+ spent on it,.a cracking set of drill data... (all of which data set will be made available to OMI to release without prior consent for then 1st time ever once this deal concludes) and then use said data in moving the JORC past 2Moz+ at APTA alone.
Anyone else up for a couple more million Oz at PEPAS?
Then what could we be looking at across the whole district?
Is that Sprott oh the phone Brad?
Probably annoyed he can't buy down here until the deal is done.
GLA
Good points and analysis PP. I expect we will get some more appetiser tweets next week from campsite, leading up to the main course later this month.
Good points PP. It must have been frustrating for Brad to have had no say or control for the past 2 years and then been forced into c and m. He is now free to release what news he wants, when he wants and now has a drill plan which has a highly likely chance of hitting some tasty results. Let's at least give Brad a fair chance and start judging him on his own merits moving foreward.
Indeed portfolio. Good to see you commenting. Must mean things are heating up :) most who have studied Anza inside out understand that it is thought of as being the source of the royal roads project in the west and outcrop silver's project Oribella in the south.
Brad has mentioned previously about interesting data in the south, at a guess this is the Charrascala porphyry-epithermal anomalies he refers too. There was some historical drilling there from Waymar. I think it was 5 holes, comprising of around 3000m of diamond drilling. Some nice results as well.
Of course Pepas, most recent drills are well documented; the majors drilled the wrong way but got world class drill results prior to that. Should be reasonably easy for the Omi team to get it back to those world class intercepts.
Let's also not forget, 35% of the first 71 holes at Apta are over 10g/t Au. There is also documentation having Anza pegged as a resource of 1.6 to 2.3MT @ 3.2 to 3.7g/t Au...this was in 2018 however, so perhaps models have been revisited, and i can't but help think your 4m Oz is not so silly...
Could be a district in the making....of course will take finance to get there, but I don't think anyone should be doubting the asset here and once the Omi team get it over the line, things will move very quickly.
Pp,
Sprott.”how much skin in the game”
“How so”
I think another big factor here will be the use of twitter / X, once drilling starts he can keep us updated day on day rather than relying on RNS’s. Colombia updates beforehand were sometimes taking up to 4 months with no twitter handle. Now we should expect to see them every few weeks with what Brad has said. We know the share price is dictated by news flow so that in itself will be massive. I expect a good move north next week, as will the gold price.
5p today then let’s see the 6p when the rns drops.
Comms are going to be so much stronger free from the straight jacket. 6p when the RNS drops? I'm not going to speculate on price and where this can go. We know it can move quickly (both directions). Anyhow, a re-rate should surely happen, especially as expected Omi are being valued at 49pc of Anza currently?
The current share price is valued with Anza in care and maintenance. In my opinion.
So far things are shaping up as scripted for long....MMs will continue to test 5-5.50p, let the VIP holders flog soon after....back to 4s (thankfully no one BoD/ MMs/ holders are interested to see 3s at the moment).
Once the news is out of the way- hopefully some sample buys from BoD would follow to excite a few.
I'm not expecting any financiers are lined up....they may try to attrack a few in July.
Sprott? Good grief PP has been sprouting that for years now. Never know, Zak will come out of his closets soon too.
And what's this scorpion, scorpion, scorpion?.....as if they never had one while MMA were drilling, and locals live there for centuries...but as soon as the pied piper mentioned it in his tweet....some muppet is thinking of it larger than life.
Good to see and think of 5-6p is coming again till they hammer the sells again!
That's my green of the day!
The ounces are still there and the Golden Tickets more valuable by the minute....Au
Current Price
£1,888.88
Major miners all up by a few percent. Nice to see. Our bordering neighbours outcrop silver up nearly 10pc.
I hope the SP continues it's pick up from the last week... although number of clampers are set by the BoD to sustain any level at this stage....
I wonder what it would look like in coming weeks and months...
One more time...
One more time...
We all know what happens when Brad opens his mouth...
I hope he doesn't continue to cook on akrigas....
This is my green if the day!