Preferred drilling contractor selected post tender - that was a week ago. Cash in bank. Obviously TYM are in contact. I'd imagine drill date release imminent.
So a 50 million ounce resource has been delineated in the vicinity. Previously visible gold assayed at 17.8 g/t Au for 1.52m from 94.5m down hole was confirmed (which os bonanza). TYM now has acquired £550k from two placings in the last week which have been worked into the market. We have a tiny market MCap it doesn't take much to understand that money will be made from this stock. GPP mark 2 perhaps.....!!
Finance sorted and about to kick off25 Feb 2020 15:41
Funded for near exploration with bonanza gold grades anticipated. Drilling in Nevada the 5th largest global producing area. Multiple projects on going including huge Fluorspar project valued at 1000's of millions. Enjoy these prices while they last guys. Should be a strong finish....
Those selling out recently will be a bit annoyed about the recovery in play. Unfortunately in AIM you're dammed if you do and dammed if you, cough, don't
Gamble more than one can afford to lose as nothing is ever a given - especially in exploration. Sad time for those nursing significant loses. The all eggs in one basket is also a very high risk strategy. GLA
Shocking fall from grace - when i post such a response company's sometimes then release major transforming news (almost posted the other day when RRL was 0.02p), caveat- although certainly not a given. Good luck guys...
Today 51M traded. Woods held 17M or 6.6% as of 25 June ( 230M in issue). 10% Iis 23M. 6.6% Is 17M.
We have traded 3X that volumetoday ALREADY so is very close to being out at this rate and certainly well below 3% threshold which will be RNS'd before close of play tomorrow