RE: Piccadilly Circus and Times Square5 Apr 2018 14:58
There never is much in the way of trades on news days..... need to find the holy grail before people wake the F up it seems. Kodal released today too! We always get something else in the market taking away from our own releases. Kodal have decent intercept grades, but are they just sporadically tapping the ground all around them? Without overly looking mind, I don't seem to see them really outlining graphically the area, the drill hole locations, the geological interpretation of the ore body so you get so you get a picture of the resource developing. Even their release today seems to have a muted response, they normally get quite a bit of activity.
Compare lots of small companies out there, those that just post drill results and no depth to the resource development and those that have well advanced metalurgical test work, JORCs, defined resource structures..... despite us falling in the later still a quiet share in the grand scheme of things in the greater market. In 3 months the maximum daily � in terms of MCap is 0.4%!!!!!!!!!!!! in todays shares, so maybe 0.5-0.6% 3 months ago and in a year 1%!!!!!
All the messages are there, people just not putting them together yet. I think its happening so fast and the usual hurdles are not taking place, there is still disbelief in the offering.....wait until the industry shows interest then people will sit up and take notice.
Bit of a let down the 3 new zones not offering same as the other 3, that really would have been 30mt+ flags, but currently I think Grandao extension just cements the 17-20Mt range. The other 3 will have to wait now, they were potential market shockers to add to the work going ahead (more of a heads up), but given the results its really back to completing the exploration target drilling and go back to them another day. However, you can't expect to get great drilling results in every area, gotta take the rough with the smooth.
A lot to interest people in the market with value coming back to more advanced plays, albeit less returns available, we could do do with value add elsewhere in the form of Oman advancing, while we wait for the ducks to line up re: Portugal.