The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
If we can get the jv with crown sorted at M1, that would bring in bit of revenue which would help, with cash flow.
If we can get some good results regarding new study of areas, then that might bring some attention to what we could have, and maybe even a JV for drilling to reduce the costs. But again it's just a waiting game to see what they come up with and how they want to move forward.
Let's see what new information they gather with the study they doing, hopefully give us some new information and better understanding of how big it is, and how they gonna get to it, what funds will be needed, and when, be nice to get something out during the presentation if not, at least shortly. See where it goes from there.. bit of a set back over the last year, so it just gonna come down to patience and how we move forward... still alot of potential to be a big player, if with the new geologist they can do it right then we will all do good out of it. Just got to wait
Always go on Tues 14th May in London to presentation and ask questions
With the new drill location being alot lower down, at M2, and different type of drilling, this should make it alot easier, and quicker plus the weather shouldn't have as much of an impact on it either.
Don't forget, everything found upto now was before they had a Geologist. ( although they used ones in the U.S) Now they have what seems to be a very good one on the Team, things should improve vastly so, with the knowledge this guy brings to the table, and the ability to better what the company already has, this guy won't want to damage his reputation. Things are looking up again.
Yes I agree, they are not good compared to other companies, but saying that as long as there is plenty of it, and it's viable enough to use and extract, then it's still worth money. Downside is that they have only really scratched the surface, of just a fraction of the claims.
They got M1,M2 + M2-ST, M3, M4, M5, M6, M7 and M8. That's alot to cover with a small exploratory company. Plus it's not just Copper they found.. Now with money, or even better a JV to spread the costs they would really be able to find those better high grade veins, but they got to prove up enough to get to that stage.
So yeah, people only seeing the current grades, but there is a much bigger picture to this company, they just need the time to prove it up.
Don't hold me to it, but I think it's to do with how much is down there apporox, ( lowest find - high end find) by what they researched, and the lowest price copper is worth roughly, at the time, minus the costs of getting it out.
Just need to give them time to do the work, still only a small exploratory company, and even with the money raised a while back, still going to take them time to do it.. but if they do it right, and hit those veins then it will be a completely different outcome to what we have and a big re rate will happen...
Same as the copper, but as long as it's above the cut off grade, and plenty of it, means it's still viable and worth extracting.. so the more they find the better.. alot of people only seeing the grades though!!
As I have mentioned before, it's gonna be a tough climb back to over a penny ( when alot of new investors have brought in on the very lows) but if good news returns and sentiment then things can change very quickly. ( look at chart a little way back and it jumped from around .400 to 2.5, over a few days) alot of people in this including myself are looking at the bigger picture, although im the same as Alyhels and could have got out of here with substantial profit a few times ( same we didn't and then get back in lower with more) but we looking at this with more in mind than just one bit of news.. each to their own but given time this will be a different story altogether, and worth alot more.
I'd imagine, whilst they wait on the USFS, permit to come through to start drilling again at M4, they will be moving the equipment that should already be on site, to its new drilling location. ( which isnt far) As we seem to have good relations with them and don't see why we wouldn't get it, as soon as it's received, we can start straight away which should be no later than May, going on last RNS.
M2 should be the same, equipment should still be on site, so just need moving lower down to new easier drill location, ( hopefully with news saying they started) they shouldn't need anymore money for awhile, as it's pretty much already to go, and if they stick to the plans/budget they layed out... if all goes well then maybe a JV on good results, otherwise yes, they may need more money after depending on how much cash they burn through doing this years campaign. Dispite some set backs, which all companies can have, dispite the amount of research they or PI would have done, I still remember why I invested here, and am happy to hold. As I believe this will do very well, even though it's taken a little longer than expected, but that's part of the game with exploratory companies.
Where are all these rumours about a placing, coming from. It doesn't say anything remotely about one in last RNS, if they need one in the future they will mention it.
Until then, no point panicking about it, they still got money from last placings, and they control their financial situation very well.. if you do your research well enough, then you can roughly get an estimate of whats left, but... if one comes then so be it, at least they can get on with the work.
Should present a different picture of the company I reckon, that is when we should have either start of results or most of them come back and if they keep this positive vibe going and good results then this should be back at it's highs or at the very least well over a penny.
All looking good so far from that RNS, but have to wait and see. I'm certainly more confident that 2019 gonna be a good year
As long as this holds .5 then it's still climbing nicely dispite that spike upto .6. Ault least this might be on people's radar more so, which hopefully will help it gain more interest.
Same here steve.. 1.3 needed. But I'm gonna wait it out anyways, as 1. No point selling at a loss.
2. This could go alot higher after further drilling which usually happens during summer time..
You gonna get that, and it still a difficult road to climb back up as lots of people would have brought in lower.. but as long as it climbs upward steadily then, it should be alot higher by later in year still.. let's just see how this goes.. but it's good news to start the year off with, and hopefully it will continue. All be it later than expected
Andrew in this for the long haul. And if this goes well, let's hope a JV happens to help with expenses.. that will be a game changer. But still lots to go through and get sorted to help get it back in the right direction.. but this is a start
Good to hear from company, and they mention going after M3 aswell now.. let's hope they make 2019 a productive year.. and this continues
I sure it will get back up to those highs again, but it will be awhile unless something exceptional happens, regarding news.
It's been sitting around. 375 alot of times, if it holds above .4 this week then hopeful that something is changing for the better. But ur probably right, normally when this goes up, it tends to drop straight back down again to mid/high 3s.. only time will tell with this one... I think this has got the potential to be massive, but it's just a question of how long it takes them to get it, acknowledged
Should be anytime from now till end off May? Hoping they get something out this month to say they started it...
And although it's still along way off the penny mark, it is slowly creeping up.. even with the current ups and downs!!