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We are waiting on two key pieces of news
JORC - due within a week or so
Commercial offers - June 2024
The JORC will set the tone for what the offers will be like. But what i have read so far. The Verkhuba deposit will be like mining a solid copper bar.
In April 2024 we announced that because of interest in the Verkhuba Copper Deposit having been received
from several companies, we have initiated a formal process including the opening of a data room for a
potential joint venture, farm-out, or sale of the deposit. The process is expected to be finalised in June and
although there can be no certainty that a transaction will be concluded, the Company is confident of receiving
multiple commercial offers
Link to the company PDF - https://www.eaststarplc.com/_files/ugd/9a9edb_63c63aa11a7a48bba39e9ab3579ea4b2.pdf
It is excellent reading, No idea what the market will do with these numbers
What makes you think its delisting.......Have they mentioned anything of the sort. Dry your eyes keep the faith
Thanks for the sensible replies......... Now I am not a mineral investor normally .... going on the estimations below what would that do to the SP ?
Thats the value of the licence...... What do you think a fair offer would be ?
How much do you think it could be worth to a company to make an offer ? What sort of offer could we expect ?
Market makers making it hard work for traders.... Which bodes well for us long term investor.
I am guilty of buying more today in my ISA and SIPP. Any weakness and I am topping up.
EST are one of six companies hand picked out of 500 that applied. That alone is a great achievement.
Its going to take time but hopefully they can deliver. We need a great JORC report in a months time.
Hopefully the JORC that is due in approx a month will give the SP a real boost.
One day soon this is going to pop and take the all time highs out. I have 6.4p as the high on IG index. ( They can be limiting on the chart data)
I will be out when this tags 26p as there is a gap in the chart at this level.
Hopefully then they will drop the data RNS along side a new partner. Fingers crossed it will be someone close by who already has land.
From the last RNS - This will be the next news due to land.
"This remodelling is expected to be undertaken over the holiday period with an updated resources model expected in early 2024. The updated model will also inform the follow up drill programme which will be planned with the purpose of progressing the open pit development concept through to a stage where economic feasibility can be demonstrated, and a mining licence application can begin".
Where is this.... He said we would have it before year end..........
Clearly has not been following the story and read the latest RNS's or watched the last presentation.
This is a rerate and not a P&D
Exactly, this will be a massive sell. Huge error on the PR dept.
Lol - M&S are utter garbage. See you all soon hahahahahah
All you invested here. The ad was dreadful and I really hope they fall on the sword like bud light