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I think you’ll find there is no low for this share it continuously goes down.
Trouble is there's huge dilution to come as funding is mostly equity based.
HH I know what you mean, some simple Googling shows for example a cut off of 5% for a viable Zinc mine. Where WSBN show 1%, so no where near. "These results are spectacular" seems a bit over exuberant but then he's probably lining up the next placing to keep him on the gravy train.
Don't forget AIM companies are there for the benefit of the board members, not the share holders. It's just luck if they do really well and shareholders get something worth having. As to a placing, with the SP under 2p as I type any placing will be well under 2p.
In that someone has bought this dog?
Normal share price action resumed. Lets hope not too many were suckered in. Next placing under 1p is my bet.
More drilling means more money. More money means more placings ...
More drilling, great!!
May be after all this exploration has been a flop they could rename themselves THR travel. She can then continue to jet around the world without having to do any drilling.
It's the typical 'lifestyle' exploration company. Just enough reason to drill (and raise funds) on old claims that were not successful in their day. THR are really good at this. They milk each one for all it's worth and then move onto the next one. There's always the finite chance that there is something there and they'll strike it big. It's akin to winning the lottery. So incredibly unlikely. IMO.
In uranium ore deposits, 20 000 ppm (2.0%) U is considered to be high grade while 1000 ppm (0.1%) U and 100 ppm (0.01%) U are considered low and very low grades, respectively. hundred thousand years making it the more intensely radioactive isotope.
Make your own conclusion.
0.4p is the lowest that can be paid by II taking up the slack shares @ 20% below VWAP. So the bottom could be 0.4p.