Member Info for andmillsy

I've taken more today at just below 3.4

Great summary Datacheck thanks

Strangely no... a whiff of FTF (think badly stained underwear)... unpleasantly coupled with bs and a staggering misconception that greater resource need will not lead to a shift in which resources are economic.
Think of oil being pulled by the bucket out of shallow holes in the desert in 1950s to deep offshore exploitation today.

Walks into the bar .. looks around... strange smell polluting the room... turns around and exits

1DAY grateful if you can buy more and get tick up above my 6p average which would be good for my anxiety. Thanks in advance

BOGOF on filters - bargain

And we all know what that means Ella. I'm hoping your RNS timing forecast is wrong this time...

I'm with you on sector following Andrew. Very much in be investing in copper stocks for energy transition, both explorers and mining. Also a primarily copper royalty company. Other sector for me dyor is uranium as ( controversial) part of energy transition, this feels more like new oil than copper to me.
All the best

Batten down the hatches, sit tight, storm clouds will clear revealing a glorious sunrise.

Ella you said today for RNS yesterday! How did you that? Can you tell me weekend lotto numbers?

Great analysis Andrew - thanks for spending the time on this. There are a lot of variables and of course Mt will also have big impact on valuation.
Cheers

2021 at the latest

Judge bought 1mil at close so all good

Thanks appreciate the reassurances :)

I am struggling to reconcile it with Steve earlier posts on possible valuation based on JC 3% hence the question.
I did some digging on validity of 3c / lb metric and it is mentioned in this very, very comprehensive 2018 report on copper M&A. Link to report but put the kettle on before starting ..
https://www.kincoracopper.com/media/downloads/media/RFC_Ambrian_Copper_MandA_November_2018_web.pdf

Extract below from early part of the report. Is Colin try to lift value by moving from "exploration" at 3c to "feasibility" at 9c ?
Apologies if my questions are a bit naive but I thought it was worth trying to understand the 3% quoted by JC.

>>>>>>Extract >>>>>>> Prices Paid for Underlying Copper Assets
We have analysed this by looking at prices paid per tonne of copper resource in past
deals. For direct asset purchases this is straightforward, while for share purchases
and takeovers we have calculated the resource base of the underlying assets.
Copper M&A ? November 2018 ? 7
The overall deal values reflect the average price paid for the acquisition of company
shares, and the acquisition of assets. These values have varied over time and for
copper equivalent resources the price paid has varied between US$119-254/t (US¢5-
11/lb) for the past seven years. The overall average for the period 2008-2018 was
US$196/t (US¢9/lb).
Looking more closely at the stage of development of the underlying assets, the data
shows that the price paid for operating assets has been US$307/t (US¢14/lb), preproduction US$211/t (US¢10/lb), feasibility US$193/t (US¢9/lb) and exploration US$74/t (US¢3/lb).

While we are twiddling our thumbs in the waiting room. This underlines the desperate need for new deposits - open pit and speed to production will be a differentiator
https://www.mining.com/copper-cupboard-remains-bare-as-discoveries-dwindle-sp-study/

I found this educational although we have a porphyry not a VMS some of you may find the thread an interesting read - about 11 individual tweets, the guys knows his onions (avacados, pears etc.). He quotes 3c per lb - can't get my head round how that matches up against the John Cornford 3% ?
https://twitter.com/METhompson72/status/1395340497640644610?s=20

Fully agree Andrew as a minimum I would have expected an update with IP rns to state assays delay due to unprecedented demand due to Lachlan fold activity etc. Absence of such a statement coupled with lack of interview after the IP results lends itself to one form or other of conspiracy theories which have been discussed at length here. Anyway nowt to do 'cept wait - I'll practice my patience and deep breathing exercises ...

Searching for Lachlan Fold drill completion gives a flavour of the level of drilling activity in the region. I do think securing phase 2 drills and IP has been excellent speedy action by Colin.

Next investment idea for me is to identify the assays lab and buy shares in them ....

Explorer in Lachlan fold Thomson Resources completed drill program at Mallee Hen Gold 3 March 2021 and assays expected next few weeks from ASX announcement 3 May 2021. So say 3 months if few weeks accurate...
“Due to unexpected laboratory delays caused by heightened activity in the region, the results from
the Mallee Hen gold project have taken longer than expected, but we anticipate receiving them in the next few weeks.”
Hole 2 completed 5 Feb but RNS indicated work on site before sending to lab.

https://themarketherald.com.au/thomson-resources-asxtmz-completes-drilling-program-at-mallee-hen-2021-03-03/

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://www.investi.com.au/api/announcements/tmz/b892d587-efb.pdf&ved=2ahUKEwi2mpCQ2tbwAhVR8uAKHRhVBhMQFjAKegQICRAC&usg=AOvVaw3VuneSpvyg35uqqf7Thi-d&cshid=1621461476275

Worth a reminder on the challenge AA face with Chile. I know Racecourse isn't the only option for AA but if this proves up then I feel it will be compelling

Massive cost increase from new royalty scale
https://twitter.com/chigrl/status/1394949602974044162?s=19

Massive exposure for AA and BHP not much better
https://twitter.com/acosgrove003/status/1394834156048224260?s=19

Jwoz " found today very interesting/somewhat fascinating".
I kind of get that but I'd probably use descriptions like infuriating, incredulous, desparation but with a small aroma of acquisition.

On a daily basis I have to remind myself that the stock market is a mechanism to transfer wealth from the impatient to the patient. After the IP results yesterday I bought twice. Now I question which side of Camp Patience I was in ....

I've learnt a lot about AIM investing over last few months however can I apply the lessons in a future scenario? Not sure I will try as concerned about health/wealth trade this entails.

All possible scenarios, I believe, have been played out on the board today. I'm hoping the end game begins soon and that Colin Bird has a Boycott worthy innings to land this series.

"‘ear all, see all, say nowt. eat all sup all, pay nowt. ‘n if thar eva dos owt for nowt . . alus do it for thisen"