The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Just had a look through the RNS' interesting that the last Director Dealing was at a higher price than today's now, last bought on 27th Jan when the shares traded at roughly 27p.
Be good to see them buying a few more now. I feel like we could also do with seeing an interview from Brad.
Bloody hell Buriticas grades really weren't very good were they. I guess when you're exploring you need to drill holes at the extremities of where you believe the gold is, even if it means producing poor results, otherwise how can you prove how much is there.
Article on VMS deposits
https://www.mining.com/web/everything-need-know-vms-deposits/
OK so now the dust has kinda settled (albeit 25% down) what do people feel is the reason for such a huge drop? Reading the RNS again only 3 things I can think of:
1. Holes 074/5 having low grades of Au, although these were step out holes and also contained good levels of Zn, particularly 075.
2. Shares had risen a fair bit into the RNS in anticipation so traders buying the breakout would have been selling (I wouldn't have thought that would have caused a 25% drop though)
3. Brads use of the word 'challenge' in his statement. He doesn't come across as much of a PR guy and his statement just reads a bit vanilla, but his last comment is about the project being economically viable which is obviously a positive. Would have liked to have seen him emphasise the holes that returned good grades.
Not deramping before anyone starts, I've been In since 6.5p. Just seeing if there's anything I'm missing from that RNS because it doesn't read like we should have fallen 25% today.
Cheers
Yeah good RNS this morning, puts some of the questions around funding to bed, now to just get a deal signed