RE: Cora love a Wednesday RNS9 Nov 2021 13:58
Yeah i agree about BG. He even said in a Webinar in the summer that the market somehow Overpriced Orosur in 2020, and as a result, Investors were buying in as high as 40p. He made a good point in the same Webinar which saw a sell off the following day. For the Orosur share price, if they would have come out and gave a Resource MRe for Apta, it would have done wonders. But he went on to mention these large JV partners aren't interested in that. Their shareholders want more than spending a lot of time one on 600,000-1Moz deposit. The JV companies, Newmont and Agnico are only interested in investigating the full potential of the overall project, something that tells their shareholders it could be a 3-5Moz deposit. That's why they moved away from the Gold rich ground of Apta
Apologies for going off topic, trying to link it all back in. Listened to a very well put together presentation from Caracal Gold before. They reckon they'll be at 1Moz Resource before the end of Q2 next year. They think once companies can show a resource of 1Moz+, thats when the market seriously takes notice. Every chance of the same happening here, and more with future drilling campaigns