Hi Dan, Totally agree. We already know there’s Gold in them there hills, and frankly, it’s a matter of seeing the extent at depth. I’m kinda happy that it’s fluttering around here; it’ll probably kick here until first results approach.....plus we have knobhead up for election next week, so there will be some volatility. If I can finally get my fellow trustee to meet this weekend, I’ll be topping up to 2.5m next week at these levels. In for a penny.....out much higher! Great progress so far; good to see that the drillers are keen to be flexible and accommodating. Presumably they are keen to see this proved up too! Good luck all
Well, it will be five weeks on Saturday when the first hole was drilled at Baggy Green. Whilst I am not wishing to appear impatient, because I am not, I would think that we can expect some results from the first drill as they become available, which should be in the next week or two. I am, of course, assuming that they ship samples to the labs as they arise. I am also assuming that CM would prefer to update the market regularly, rather than in just one release, so I anticipate steady drips of news over the coming weeks. What I found quite reassuring was CM's [confident] final statement in the Drilling update RNS of the 28th September "....... We look forward to announcing SIGNIFICANT results as soon as they are available" I hope the SP stays at this level (or below) for another few days, I've got some significant topping off to do middle of next week. GLA
RE: Commenced drilling 33 days ago28 Oct 2020 15:51
Bravery has nothing to do with it. It’s a time adjusted risk. Blips down only aid the drive forward; rather than making me whinge, they are the supercharger towards bigger gains. But wouldn’t have bought in today if it wasn’t for Trp. Eva.....in and out chasing rainbows. Fair play; your strategy. I respect the confession. Very few would have done; hat tipped on the honour, not the sell!
RE: Commenced drilling 33 days ago28 Oct 2020 15:30
Cor....feel like Jim Morrison singing Riders on the storm....what a day! Managed to top slice another Share and grab some at 2.49. Unexpected volatility, but heck, it’s probably another US poll showing trump in jail within 6 months, or seeking asylum at turnbury...;-)
RE: Commenced drilling 33 days ago28 Oct 2020 13:31
Well played Eva Top sliced Trp on the bounce and bought another tranche or two, but only at 2.78 Still, onward to results and quite right Trek, there’s a very cute game play here. The path leads directly to a nicely proven resource with 75% cobra ownership and a network of old boys to take the JV into development. A cobra Christmas
This is a typical warrant wash - in. More cash in bank, more money for drilling. It’s an exploration business at the moment, so completely expected. Warrants being sold for 30% gains. Good for them. Doesn’t make a jot of difference to lth’s, other than top up opportunity. I’m just deciding whether to go to 2.2m shares now and sit out to full dilution and still retain 0.5%. Probably, is my answer. Definite hold for me.
Afternoon Trek, Topped up here today; I've been in for about 2 months and mainly underwater, but only just. It's a different beast to the other one you and I are following, but has a promising number of targets to go at. I'll pop my head in here occasionally. Good post on Sunday. Cheers Caribs
Forgot about this, but have started (with a touch of wine) to re-appraise, objectively, our little future hole in the ground. Anyway, don’t forget we have a direct dial to Newcrest....this is 16.7 in the January prospectus.... I’ll read the two together in the morning on my laptop- iPhone don’t really work for me, even with my coke bottles on
Newcrest Royalty Deed In 2017, the Newcrest Royalty Deed was entered into between Peninsula, Lady Alice Mines and Newcrest. Under the Newcrest Royalty Deed, Peninsula assigned to Lady Alice Mines its obligations under an original royalty deed dated 13 February 2002 between Newcrest and Andromeda Metals (previously Adelaide Exploration Limited and Adelaide Resources Limited). The Newcrest Royalty Deed provides for Lady Alice Mines and Peninsula to pay a 1.5% net smelter return royalty to Newcrest in respect of all gold and minerals sold at the Wudinna Project from tenements covered by Exploration Licences EL 6317, EL 5615, EL 5953 EL 6131 and EL 6001. The Newcrest Royalty Deed does not apply to the tenement covered by Exploration License EL 6262. Under the Newcrest Royalty Deed, Lady Alice Mines and Peninsula agree to pay the royalty in proportion to their participating interests in the Wudinna Project as contemplated under the Wudinna Agreement.
Hold until relieved! ;-) All over this. Won’t talk it up. It’ll do it all on its own. There’s no rush for me to see this bear fruit, cos when it does, I’ll be glad I kept my cool. Good luck to all holders
Charlie1984, Read the issue of equity RNS back from the summer. It is the follow on from that. It’s a regulatory requirement, not fluff. The RNS is staying the publication of prospectus in relation to funds already raised through the CLN’s. Not additional fluff as you state. I can see why you are mistaken, however, so no drama. Drill results will come when they are good and ready and have been QC’d. It’s a 4-5 week process in the labs for starters. Drilling only started 4 weeks ago, and it takes time. Patience is required at this stage. Fortune favours the brave
Quite right Brig, I said this last week; LVG shares will be already placed, for the most part, and that leaves us PIs in the free float division. Haaappy days. It will all come out in the wash over the coming weeks. Hold until relieved
This was announced at the last find raise; not news really at all. Those who read the RNS’s would know it’s on the cards. Those that research know it’s on the cards. All LTH’s have this calculated in for some months.