The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A big week coming up for SNG, the last week in Aug should generate the COPD trial results and potentially an update on SNG001’s progress. It’s been over a month with no news and I’m sure the team are working overtime to get these two exciting treatments validated and approved.
GLA
As per the latest presentation page 10, similar geology and early results point to a possible deposit in the form of Mt Wright (29 miles away).
Mt Wright has a moderate to low grade gold in the upper zone and a sizeable deposit of high-grade gold (2g/t +) from 500-700m depth.
We’ll know if it hits decent grades at depth in 2-3 week’s time.
Results from the remaining 3 holes from June’s shallow RC drilling are due any day now, while the real prize is likely to come from the ongoing deeper diamond drilling, where a 6 hole programme is currently ongoing.
David Price CEO has clearly stated that deep diamond drilling is going well and results from the 1st hole are anticipated to be received at end Aug/early Sept.
Obviously no guarantees that the 1st hole will hit significant gold mineralisation or indeed if any of the other holes will, that is why it’s called exploration. However if you think that the geo surveys to date have good merit and show promise then the time to start building a position is now.
Looks like the start of another fiesta on the Madrid Bolsa
market still re-rating due to last week’s licence news, make no mistake that was a slam dunk approval.
Obvious mistake with the options exercise price, there is no way it can be exercised at 0.2p (0.002p), I would be very surprised if it is a factor of 10 lower than current share price, they need to correct the RNS to specify 2p (0.02p)
They can’t even get the decimal place right! Probably WFH on the kitchen table scoffing a bacon muffin....lol
This urbanism licence (granted by the locality of Retortillo) is likely the biggest hurdle out of the way.
The remaining approval by the national body should be a formality now.
I would like to think that within a few weeks BKY will have a green light to begin construction, which is already funded.
Urbanisation Licence granted.
Added, added and added more.
GLA
could be the start of a push to break above the 1p level. Lots of potential news to drive this higher:
1) Start of Botswana KCB copper-gold exploration
2) Granting of Mining Rights at Glenover
3) Star Zinc offtake and SS licence
4) Kashi*tu exploration
5) Ferber gold project JV or sale
Well done Dave, WG and other LT holders who’ve been here since the 1-2p days and stuck with the recovery story as it unfolded. The Airsight division has certainly delivered and there may be a lot more to come. In the meantime not a bad idea to topslice some profits, I have done so too.
Strong rise on no news today, can it be more contract wins?
Good to see upward movement here, was wondering when this will start climbing. Not too well followed but I think the company has huge potential and will start to get noticed.
This has great potential, a promising in-demand treatment, well funded, good support from FDA.
I’ve tucked some away this morning for a longterm hold.
DHR1980, I’m not so sure that the maiden resource estimate (MRE) will trigger the Stage 3 earn-in for Newcrest, it states that a completed Pre-Freasibilty Study (PFS) is required, normally the MRE comes first and then the PFS follows.