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More Awkward core on twitter:
https://twitter.com/darrenhazelwood/status/1589173080559128581?s=46&t=okPLsX5vxqrXfQ4fI-888A
Looks good to me!
Agree Metalhead.
Yes, I’m intrigued by the absence of a photo of Wishbone core. Logically there seem to be two main possible explanations: they didn’t hit anything and if they showed core pics everyone would write it off as a failure; or they have hit VMS that looks different from last time (eg visible chalcopyrite) and it’s evidently significant, therefore RNS only, but need to await assays. I’m pretty optimistic of the latter, since we know for certain there is a big VMS down there, which seems to make a total blank unlikely. No doubt there are other possibilities too.
Certainly encouraging and certainly pyrites by the look of it. Hopefully there will be something in there of interest to start to bump the sp up.
They are certainly getting through the drilling at pace.
Also begs the question why we didn't get a core pic from Wishbone this time.
Wondering about nickel sulphide as well. Some photos online look somewhat similar, except for the gold bits
Darren has put a picture of Awkward core on twitter:
https://twitter.com/darrenhazelwood/status/1588882632968138752?s=46&t=0PGpKzCmGE7tk3KKvGRQyg
Any geologists on here got any thoughts. Looks like quartz and pyrite to me, possibly some gold. PGMs wouldn’t be visible. Certainly plenty going on. Looks very encouraging for the first ever hole on a big target
I loved Darren as he offered something different. Turned out he was no different but that is history now so let's hope he now delivers something and makes up for the BS we were sold.
Great weekend all....
You either Love Darren or you hate him.....
I love his passion for a discovery .. which is where the money is ...so Darren if you a reading this board.......
https://youtu.be/bRl_sBg6GX8
ATB
Excited about the next two targets. Previous drilling at Survey intersected massive sulphides which were not assayed.
Couple of big buys this afternoon also
I'd say the portfolio is focussed and as BCB says a discovery at any of the targets will be transformational, also the MCAP is largely covered by the investments. KAV in comparison has 3 dozen separate targets and is issuing shares like confetti and the CEO has 'baggage'. I wouldn't say its make or break for either POW or KAV but they are both betting the MCAP on multiple discoveries in the next 1-6 months. I'm heavily invested in both and are hoping for news before Christmas.
5 targets... Drilling all... a hit or good core will be transformational for Palm...
£5m market cap and only 92m shares ... nearly 2m of those are in very sticky hands and adding at this low SP...
Has the potential for massive gains....
Not invested here, but caught some last night's presentation, albeit I need to listen to it properly, as I was mainly interested in GCAT and KAV. It looks like PALM had £1.1 million following the last raise in summer, and as the CEO alluded to yesterday, drilling this Canadian VMS project is not cheap, because of its remote location, requiring helicopter access.
My main concern at this stage is the number of projects on the go vs the limited finances, leading to the likelihood of more near term placings at lower prices?
Tweet says drilling rig which is not the same as the first hole of this campaign has been completed. The target info, the location, the core are all secret squirrel which is disappointing as I’d like to know a lot more about the Wishbone drills.
They hit VMS in 2021 but on the periphery of the system hence grades uneconomic, but this time round the should be hitting the main targets.
Drilling complete at Wishbone.
Here we Go...
https://youtu.be/dBz7QefLX-c
Not listened yet will do today :) Darren 35 minutes ish....
Drill spinning
Exciting
Can anyone post a link ?
Good summary.
I expect we will have to wait a few more weeks for the finalisation of the Fulcrum deal. Was supposed to be 31 October and subject to getting a listing.
Yep Metalhead25.....these are all the reasons I stay holding PALM!
…so, obviously it must be time to BUY ?
Here we try and give you a few ideas and look at a dozen Companies that have recently raised funds and currently trade around or below the placing price.
Companies covered include :
#CMET #CGO #EEE #EQT #GGP #INCE #KRS #KEFI #MOS #PALM #PNPL #POLB
https://total-market-solutions.com/2022/10/cashed-up-small-small-cap-bargains-time-to-go-shopping/
The value proposition here is now truly special.
Market cap - £4m
Cash - c £1m
Traded value of shares in PNT.AX - £2.1m
Value of stake in Fulcrum Metals - unknown but say £1m
Conclusion 1 - Panther market cap approximately covered by cash and investments in other companies
Some points about Panther/PNT projects:
- Panther now commencing drilling at Obonga
- Large project area
- Top notch jurisdiction
- Outstanding prospective location, surrounded by many major discoveries
- First individual target, Wishbone, drilled previously, hitting 70+ metres of massive sulphides
- Discovery of volcanogenic massive sulphides at Wishbone strongly supports likelihood of further discoveries, since VMS deposits typically appear in clusters
- Other Obonga targets based on various coincident targeting indicators, including magnetic, EM, soil sample, historic drilling (including reports of copper sulphide which was not assayed)
- Manitou Lakes project has returned extremely strong gold in soil readings, follow up programme underway
- PNT’s Coglia project has a 70MT Nickel-Cobalt resource in Australia
- PNT’s Burtville East project has produced stunning gold assays in Australia (including 15m at 54g/t - truly spectacular)
- Diamond drill assays awaited from Burtville East, including a core which showed visible gold
Conclusion 2 - Very exciting and (by the standards of the sector) low risk projects
Here we go. Starting with Wishbone, which we already know hosts massive sulphides. Exciting times
No detail on the drilling start date, Darren doesn’t miss a trick
Hole not whole doh.