Member Info for ardtole

There was another video from oct last year, I cant seem to find it now however. Regardless, we should know more in 5 weeks and im willing to hold on until then. Time will tell.

There is no doubting that there is a signifigant capex involved with the woodstock project.To date there has only been a PEA, not a PFS. McLeods video from last year suggested it would be possible to make signifigant savings on the initial cost estimate. It is still a huge project, possibly 45 years of mine life and that is just the plymouth deposit, Hartford North and Hartford South deposits have yet to be extensively explored by Minco. There are only 4/5 weeks to wait and we will see the devil in the detail, I think anyone selling at the moment is foolish, I think this major Chinese Emm firm is definitly interested, but when it comes to the negotiations I think they hold a lot of the cards, and it is difficult to guage what sort of deal Minco can cut. I think a good deal for Minco would be to sell the Plymouth deposit, and use the cash to develop buchans and further explore the two hartford deposits. How likely or feasible that is I am not so sure, on a personal level if they sold the whole Woodstock development I could cash in and walk away with a comfortable profit. If a jv is agreed, it is up to each investor to examine the detail and make a decision on their investment then. There will be a deal done, what Minco can negotiate is the big question.

These 4/5 weeks are looking like they are going to drag. Its difficult to guage what sort of deal is in the pipeline for Woodstock, an update on the details for next phase of drilling at buchans would do no harm either.

I dont think woodstock alone will bring us from now (+1.5p) to 10p. I was hoping for buchans rns to consolidate the sp in the 4-5p range and the woodstock rns to bring sp to the 10p range. I think the 52 week high of 5-6p is more likely now. A lot depends on what value is attatched to the hartford north and south deposits

anyone know whats going on??

We could hear from Woodstock at any stage over the next five weeks. I still find it hard to understand the relatively high volume of sales recently with such signifigant news in the pipeline. The reaction to the last rns from buchans was disappointing, it was a positive drilling program and I expected a rise in sp similar to last October. Hopefully this week Minco can provide us with an update on this project, what their immediate plans are?, when they expect to complete a PFS? When the next drilling program will start? Hopefully they keep this project moving and dont wait around for grant money to fund the next phase of drilling. The possible grant money would be welcome but I hope its not at the expense of delaying the project as a whole. Slow cash burn seems the tactic at the moment but buchans needs to keep going forward.

How close is this project to completing a pfs? I know there are further drilling programs planned for this year but I dont know of any actual timeframe or schedule of events to reach PFS.

Rns only seems to be available on minco website, but initial response disappointing.

Woodstock still the big play. Have to say im suprised by the amount of sells.

Not as positive as October rns.

on minco website now

We were very close to sub 1p alright, it looked like it fall under at one stage. I agree with you about the 100% spike on buchans, although in the past the sp fell back within 48 hours. If we did rise close to the 52 week high of 5.5p after buchans rns and had the news from woodstock to back it up, 10p or very close to it must be on the cards.

Looking like next week for buchans rns.

Ive been following cpx-xx for a few months, typically had a big rise today, a poster graham-wales has been talking them up for a while now. Rem, ukog both have a lot of potential in the medium term. Sefton resources is having a torrid time but I think it could be a profitable short term gamble. Im tied up with minco at the moment and will have to sell here first before looking elsewhere.

I thought we would have heard today, Im not overly concerned though, im happy to hold until we hear details of woodstock, regardless of the buchans results. We are likely to hear from Woodstock anytime between now and end of July, whereas Buchans could be any day now. Im not panicing at all, Im quietly confident we will get the news we are all hoping for. I am a bit suprised there hasnt been more buying activity this week, but there does seem to be a lot of good opportunity in the aim sector at the moment ive an eye on 3/4 promising situations i might look to get involved with.

No sign of a rns this morning, im not that concerned, the closer the two rns from buchans and woodstock are, the bigger the impact in the immediate term imo.

I think we will hear from Buchans tomorrow as well.

Due dilligence is usually completed within two months, so in theory we could hear this week or the end of July. Im sure there are cases were it takes longer. Personally, I will hold until we hear from Woodstock, Il make a decision then regarding selling or holding further. But if your average price is 1.8p you are in a very strong position, I think you will do well, best of luck.

It is your call really. The sp generally does drift back after news and i suspect it will again. we dont know when we will hear from woodstock, for me i wont take the risk of selling and rying ti get back in

At an average of 1.8p you are in a very good situation with Minco. The rns from Buchans is likely this week and a similar drill program in october last year prompted a spike to 4.5p. A similar rise is expected maybe even a 52 week high of 5.5p may be reached. The big story though is woodstock, a chinese company is carrying out due diligience on a likely jv or possible sale of this property and the sky is the limit. 10p is mentioned by a few posters as a possible target but the more I think about it, this could be quite a conservative estimate. We could hear more about this project at any stage over the next 6/7 weeks. My advice for what is worth is resist the temptation to cash in on Buchans wait the few weeks for woodstock news. Though I understand a lot of investors as policy take profit when the opportunity arises.