Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
More trades today on SED than on Neils pet love……that’s his problem with SED and why for the constant deramping…….cos it’s taking away his pet love oxygen.
It’s a poor show really and beneath most other posters.
1.3 million buy just gone thru…..this does 1p plus easy today imo.
There is an added twist. Do your research on the Riverfort involvement with Kibo Energy, the major share holder of Mast stock. I believe there is a bigger picture in play here for Riverfort….
From a quick scan thru its a very professional presentation. We look to have a quality management team in place here. Will digest the contents in more detail during today.
The amateur retail seller was offloading at 18 cents Canadian until right up to the Toronto closing bell. That equates to approx 10.6p…Let us see how the London trading transpires today, particularly in the last hour or so before closing which is when the selling started yesterday.
No idea but whomever is dumping stock today looks to be doing it in parallel on both the exchanges (London/Toronto) based on the high volumes (relative to normal daily averages on both exchanges). That could be pointing maybe to an insider involvement ? If it is we will get notification in due course.
Now watching to see how much more stock gets offloaded in Canada before end of their trading hours (still looks to be ongoing after London closed) and that could guide us for what likely develops in London trading tomorrow.
Just posted on YT….worth a watch to get an overview of the Company.
https://www.youtube.com/watch?v=fo1t61yrwmo
Worth reading carefully all the small print further down below the headline numbers. For example this cost estimate has a -10% to +30% accuracy. In dollar value terms that’s a significant monetary size variable risk that is skewed towards potential upside, that will concern potential lenders.
Corcel
It’s been the same market maker (SCAP) on the ask in the past few weeks. When he runs out of stock which could happen at any time, then that will be the main selling overhang gone and the SP should really start to move up quickly with buying demand. So at the moment SCAP and whomever he is selling on behalf of is giving investors here a great opportunity to take cheap stock still at sub 2p. Fill your boots time…..
Again today they are already putting plenty of the buys over on Aquis. Suspect they want to try and keep the rise steady….That’s no bad thing. If traders turn up too soon we get P&D outcome.
Resurrecting this thread so that new readers to the WSBN board can read the excellent input from AGEOS who is well known on several other explorer boards, as given on 6th November. It is the imminent drill results from Cottlesloe that has us eagerly anticipating the red dot at 7am each morning. Maybe this is the week…..GLA
DSFLAT….yep it’s good to go with your far fetched conspiracy theory.
Makes much more sense than the likely story that Stalicia has lost interest in SFX-01 and this non payment situation is a pre-cursor to them bailing out of the agreement with EVG.
Will be a double whammy for EVG if the agreement ceases and then management goes down the legal path with lawyers expenses to try and pursue them for damages. That would accelerate the cash burn with no assurance of a timely positive outcome.
Plenty of buy trades “hiding” over on the Aquis exchange. Once the MMs let this go it could hit 2p in a heartbeat as herd arrives.
Well noted PP….It was AGEOS posting previously that got me aware of wishbone as we are both holders of Empire from the circa 1p days and he is very knowledgable on geology.
Like rest of the market I was waiting here for the inevitable funding which was recently announced and it was quite positive as it was not at a discounted price (1.2p) and was not for a large amount and so I am hopeful that there is good news coming soon to propel the SP upwards from current lowly market cap.. Now I am just wanting to see these daily 1 million x 1.1p sell trades come to an end. I don’t think they are forward selling the placing shares as would make no sense to take an immediate loss, but who knows…….Placing shares come to market on 8th Feb so will be interesting to see what happens when they are in play.
I recall you posting intelligently on OMI in the past for the benefit of others on the board. That’s another oversold explorer with good assets who should come good in future. Appreciate your ongoing contributions here on wishbone.
The Barclays news must be coming soon….maybe leaky today ?
Yes the recent increasing volume on TSX is encouraging. Perhaps the newly hired VP of Investor Relations & Business Development who is Toronto based is already bearing some initial positive fruits via his local business community networking to be getting more eyes on Serabi in Canada.
It will likely be at the big annual mining conferences that are based on the American continent (covering North/South America, Canada, etc) where he will add the most significant value to Serabi where they have needed someone in-situ to enhance their visibility amongst the large number of mining Companies on the Canadian stock exchange.
Could be that in this coming year where the BOD can foresee having lots of positive news, that hence they are seriously pursuing for such measures that act to promote to drive up the share price towards its true value.
https://ca.linkedin.com/in/andrew-khov-cpa-ca-cfa-a020bb41
And the winner of the two horse race is “the heavily discounted cash raise”…..now have to hope the “JV approval confirmation” doesn’t fall at the final fence.
This RNS is much more than just a 3 year renewal of the existing trial mining license……major news is that it allows for the deployment of crusher / ore sorting facilities at Coringa.
This will allow them to significantly enhance the gold grade in the ore before they truck it up to the Palito processing plant.
Referring to their previous ore sorter testing results per 22nd June 2022 RNS where they achieved circa 20 gram/Ton.
https://www.lse.co.uk/rns/coringa-development-update-d5fho6ohq936ui1.html
So if they are allowed to transport 50,000 Tons per year and they have got the grade up at circa 20 g/T before the transportation then the contained gold will be: 50,000 x 20 / 31 = 32,258 ounces.
Allowing for a 80% recovery rate during the ore processing at the Palito Plant then you are looking at circa 25,000 ounces per year generated from Coringa Ore.
WOW !!!
If in the short to medium term you were trying to make Avacta less attractive to big pharma for making a low ball price take-over offer specifically for obtaining its Therapeutics assets, then you might look to employ a strategy of having some other assets such as diagnostics in the mix that muddies the Avacta water………..just saying 🤔