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Don't worry about the price if you are long term just read the last few rns. That's the real story
The share price is so low that sooner or later, this would come up on someone's acquisition radar. There aren't many junior miners in AIM with revenue potential of £5 billion + that is available for£5m. Such a good news, and the share price still is at the same place...
we don't get an RNS on Monday,confirming 10m oz,as the share price will drop like a stone.!!! I wonder why serious investors are avoiding AIM !!!! most of my portfolio is out of AIM and after a few plays that I have left in it ,I will move it all out .A lack of regulation or implementation has ruined a market place that was designed to assist young companies raise moneypropsper,giving rewards to investors. Instead through poor management,it has benefited greedy unscrupulous MMs/Brokers and shorters. _ rant over !!!!
gone red ! just goes to show that good RNSs count for nothing when you have all these placing shares to dispose of..
I agree J, could also be that MMs would sell the shares at any price knowing that they can always find the shares on discount through placements..and if that's the case then non-dilutive funding is the way forward to progress the various projects.....
But if those 85m are not available share liquidity is low,which may further explain the continually low volumes,My overriding worry is that with the low Mcap and high asset values OTC could potentially be swallowed up cheaply.
85m shares placed at 2p on 30th Oct will have a lot to do with it. Our normal daily volume is usually only a couple of million shares traded. Take advantage of the subdued price, IMO.
we all know the potential here ,and to hear the RNS today confirming the possibility/verification of Vass's comments some months ago( 5-10m oz) ! So why is the SP static.I It has been the same for over 3 months now,throughout the drilling results and reorganization. I have a theory and that is 1.The recent placing shares have been taken up by a potential suitor,or at the very least someone who has a far higher target than 3p.and 2. some brokers may have taken orders at 3p or below which they are absolutely desperate not to make a loss on. The recent drilling and restructuring news we have had would normally bring significant increases to any junior.so even if I am not right,something big is holding this back.Time will reflect the truth and maybe burn a few MMs or brokers on the way.
Eyeguy Spot on :)
Fab RNS today. This is shaping up to be what is pointing to a world class discovery. Looking forward to 2018 here!
lol Love it
Don't get spiked chaps. Coming together though :-)
Sturec - joint venture partner with right sort of local connection could bring the production quicker. sturec could also be disposed with retained royalty to bring Casa closer to production and still generate cash flow from disposed property.
Deadline for responses to interest on sturec was 2 weeks ago. Decision was then expected 2 weeks (today) to 2 months. That could well be the news to finally get this going as we realise value from an asset - full disposal could well net more cash than our current market cap...
for starters
building up
Agree.
Hope this at least holds the rise for once. Much more positive about the near future .gla
back in July - increased gold deposit announced - more to come
1st today
The new management team are going to re rate OTC big time and I’m holding all my shares tightly as this is just the start.
mm's repositioning
"I expect that as we continue to review the data, further mineralisation will be defined confirming the view that the Akyanga Deposit sits central to what could end up being a 55km long, multi-million ounce gold belt as we work towards our target of securing in excess of a 2 million ounce gold resource at Akyanga."
Hopefully a good rally and bit interest today , thisnis going to be huge over the next few months
"I expect that as we continue to review the data, further mineralisation will be defined confirming the view that the Akyanga Deposit sits central to what could end up being a 55km long, multi-million ounce gold belt as we work towards our target of securing in excess of a 2 million ounce gold resource at Akyanga."