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Asteroid 16 Psyche has enough precious metal to give everyone on earth $93 billion each. Wish we were producing a PFS for it.
It's in the ground.
But there's still $168 BILLION of metal in the ground...even only 1% of that is $1.68 billion, or £1.33bn or 44p/share...and thats just Cascabel...At 1% of metal in the ground, Porvenir alone is worth the current MCap...
PFS , if its not up to scratch we could see 20% wip[ed off here immediately. To get 20% put on would be sold into.
Simple , this needs selling. PFS a waste of time , I doubt it will add anything.
And if it doesn't , what will that tell you about redtheramp?
Clueless maybe?
Don't worry folks, Add is confident that we have the right ceo, that he is on track to delivering the much anticipated corporate event. Heck, that's why he was given a mandate at the last agm. The dismal SP is of no consequence! Right, pull the other one. Every day Scott The Rocks Caldwell fulfill my expectation of him as an incompetent ceo.
If (when) it doesn't, red, will you finally stop ramping and FO?
Oh dear paddy...nobody's buying and nobody's selling in any size...
At least 80% of trades every day are done by Autobots...
Everybody;s waiting and/or watching and as I;ve said before, when there's no liquidity share prices just drift down...
PFS3 will change all that...no later than a week roday...
Those who tell us we should not be concerned about the SP! What planet are they on? Thought we had Tier 1 resource? Who says that apart from us? Why is the SP in the toilet? Nobody wants it. 20 groups have kicked the tyres and done nothing more. A 200% premium from here gets us to 20p - wow - and what BoD would sanction a bid at such a premium? So sad after all these years.
Did someone say heading for the 6's the other day? Got shot down as if he had no clue?
Cheers slug , I was two days out.
ByronBayGold please log off - as you’ve advised everyone else to do - and take a break. Come back refreshed and without insulting holders. GL feeling better
Ohhhhh ToS they will be prompted into action because BBG needs them to dig him out of the 💩
That’s how every good investment should work…..
A wing and a prayer……..works every time, what a buffoon BBG is…….
Don't worry, its not going to happen...BBG is confusing PFS2 (completed April 2022) with PFS3, started by Scott late 2023...
Getting ugly by the day. cant be exciting .
They weren’t bothered by previous efforts at a PFS, not sure why this one will prompt them into action. Should it ever arrive. Not very exciting times at all really.
Such Super Times being a share holder here! Even Dave-the-horse now has a chance at entry OR, will he be waiting for 5p or even lower! Seriously peeved by this companies board, a waste of space!
WHY?
I suspect BHP have already put this one on the back burner ? It’s peanuts in their investment portfolio. They’ve seemingly faced this company off so far (after their 2016 approach) and I really don’t see that changing?
Exciting times!!!
It could be a good time to increase holdings from this point, BWTFDIK, added a few more just a tad under 7p, get my average down a little bit more, just a wait and see, if any majors or Chinese are willing to step up to the plate,
Stackhigh unless the company pulls its finger out then we could well be in free fall re SP.
BTW, it was Shippy re the 6p’s and he was apparently right.
I see that BBG will have lost another chunk of money today if their holding is true ?
Who was it that said 'here come the sixes'?
They were right, it would seem. Who offered to teach them how to use level 2 data? Presumably someone with no foresight whatsoever, who thought we wouldn't hit the 6s?
As I have warned every time rampers claim to have topped up to draw in gullible newbies and support the SP: this has further it to fall. Maybe not this week, but we need to be ready to see low 6s, maybe 5s.
Hi RICHR...
The Strategic Review is done and PFS3 is "imminent". This will be accompanied by a Technical report and news on the pipeline, tailings and railway. It would be great if we had the final agreement at the same time.
PFSs aren't an overnight affair...the last one took 15 months...
In the meantimne the company is on 'care and maintenance' with a monthly operational cashflow spend of c$1m...
Fort I’ll be very impressed if the company delivers news of the PFS3 on time. What a refreshing change that would be! I note today’s discussions about what date the on time will be, and btw, I’m with you on the interpretation of on time.
But as other posters have said, the company has until the next AGM in December to pretty much do whatever it likes?
You’ve posted about the cash burn in this company versus what’s seemingly being delivered to shareholder value - i.e nothing imv. Where is shareholder’s money actually being spent?
I’ll close by being positive and hoping that the company can deliver good news this or next week.
I wouldnt hold your breath regarding this report. I'll be amazed if this report is delivered by 15th feb. Not that this report will stop any rot here.
Who would have thought, 8 years after the discovery that we would be here? 8 bloody years and achieved what exactly? Continents have been conquered in less time!
The SP to be frank deserves to be this low. There is only 1 thing that will turn things around now, and that is a monetisation event. Next stop 6p, then 5p ect ect until something meaningful happens. No one to blame for this other than the failures of the board to get something to happen here!
The one thing you can absolutely depend on like clockwork, is that when Redknight publicly boasts of topping up, the share price immediately drops
Looks like Red spaffed his latest £35k too soon.