Member Info for Carribean2029

.....to a top up opportunity

I’ll ask tonight when I’ve finished my day hobby

Dan,
Grateful for the speedy response. Liquidity squeeze makes sense; presumably if there is a limit on shares traded there, then I can understand why the arbitrage is fully exploited and it ends up that we’re just left trailing, but clearly not for long if the rumours over there are true.
Grateful. As ever
Caribs

Hi Dan,
With your broker head on.....
Explain why this is not being exploited, or if it is, how and why?

Potential giveaway to what you say there is the narrow true spread....pressure on them to accumulate shares to fill the order.

Hi AO,
I stopped using the word divorce recently; I’ve swapped it for a more Français feeling “liberation”.

Hi AO
yes, I certainly have a full time job, although it's more of a hobby that I am paid to carry out.

Bitcoin,
You keep sweeping up....and what your brush doesn't catch, mine will!
I totally agree with the not selling a bean. On a fundamental level, our brains are wired for our "present" selves - evolution took care of most of that in that we had only immediate concerns - being eaten, needing to eat, reproduce etc. WE are just not wired for patience.
I, however, have disciplined myself to look after my future self. I have a time line and I will meet it. Just so happens that Cobr is joining ME on my journey and not me joining Cobr.
HOLD until relieved

Well it looked like it wasn't actually gonna get going at all, but she picked up nicely.
Holding these for at least another two quarters, but don't see why I wouldn't top slice and free carry as soon as this hits 5p. That'll be a 1 bag+ by then and it can't be far off from having a squeeze at testing that soon.
Good luck all

I have heard today that the company are making progress with updating the shareholder register.
I had made some enquiries some weeks ago as the register, as published on the website, dates back to August 28th 2020. This is before our CLN and warrants etc.
Anyway, it tells me that the BOD have clearly had their end of month meeting, and this was probably raised as an issue as I can get a bit annoying when things are not correct on publications, particularly digital format stuff.
The upshot is, that if the BOD have met, then this fits with the expectation of a new drilling programme RNS and perhaps some further clarification in respect of JV, NED options etcetera. Should be forthcoming in a week or so, perhaps?
Watch this space.
Caribs

Morning Aandi,
This is my sector - Environmental Scientist by degree - I'll forgive the cross ramp; it's pretty quiet here today ;-))
I'll take a look. thanks

Here he is....quiet as a mouse....yet scuttling around in the loft, digging out little gems.
Good work Dan
In the diary

The Sandy back lane was larwood, I thought....

Bloody good question Mohuss;
Let’s hope CM saving the best for last on this round! Else he would have shovelled the SH(te into the Christmas Eve slot

That’s what I like about this board.
Thanks guys
Good luck everyone

Chaps,
I hate to take the ‘wait till your dad gets home role’, but can we at least keep it polite, civil and friendly, please?
It’s not much to ask.
I’m no saint, I get frustrated and annoyed, but it only takes a second to hit delete; if you’re still mad write and delete it again. If you’re still mad at that point, then you should take 5 minutes to have a breather. Or just one deep breath, smile and relax.
It does work. Try it.
The written word cannot be unwritten and is never unlearned, as interpretation is in the eye of the recipient, not the writer.
This is a nice board and I know there are some idiots (I name myself as 1st idiot), but we are all on the same path here.
Hindy; might be better to contain your excitement for after hours when cross-referencing another stock. I never mind at anytime, but I am aware of certain protocols that others like to see adhered to.
I’m not a moderator; just want to be able to converse with everyone without fear of reprisals, so a healthy and happy BB is essential for me.

Triple star
I don’t think you did anything wrong; planning is never straight forward and politics only serves to complicate things. Speaking from experience.
That said, this is unlikely to be hobbled and puts Britain and PRE on similar trajectories, if not the same.

Hi Rookie,

I’ve covered this before, but for clarity, CM mentioned this in an interview.
What was interesting is that recently Cm has also said they are in discussions about how to cost-effectively mine this resource. This tells me that whilst they are proving up the 1m ozs, I see them going into production shortly thereafter to begin a cash-generative phase, whilst they then get on a prove up the rest of the targets.
Cm hinted 3 years back in September 2020 saying that would be a very good outcome.
I don’t see us JV with anyone else other than Andromeda. I think they will want this first 1m Oz at 25% and they’d be happy with that as a mid-term goal in their future strategy.
My opinion

Nkeegan121
It’s not my place to advise, but Cobr is definitely a long term investment, and you can see that she’s currently quite price sensitive; thus using money you need for short term goals may be a touch on the risky side. Time is the best healer for volatility, and the more time the better in terms of smoothing out the apparent hurdles.
My expectation is that Cobr will begin to develop an upward slope this year, accompanied by some pull backs in between newsflows. However, dependent on the following triggers, Cobr could fly:
1. Some formal news from our JV partner which indicates a recognition of the solidified JV relationship. Even if this is just to confirm that they are on board whatever the ultimate % relationship. This is probably the ideal pre-cursor for the sp to shift, but may not shift it all on its own.
2. Further drill planning program detailing how and why the program is laid out
3. Further promising drill results from said ongoing campaign
4. IOCG funding agreement

If the SP is at 6pence by mid year, it would fit with my expectations. But lower than this wouldn’t put me off because my time horizon is much longer than yours.

These are my opinions and not advice.

Morning Trek,

A highly valuable qualitative appraisal; I have no real comments that would run against your assessment. Thanks for the effort. All that you mention is valid and has been part of my own ongoing risk assessment and validation.

To correct you on one area, just for your own sanity, I think there is a little error in the RNS in terms of labelling. You state "There is no cross section for white tank and yet CRBC0041 is a significant find. It’s at best confusing at worse a little sloppy. They have determined the Barns’ orientation but what about White Tank."

Well, White tank is there, it is just under the Barns label in the table and in the cross-section.

What is interesting to see is the significant distance from both Barns and White Tank of hole CBRC0039 - it's on the border of both prospects, yet is showing mineralisation. It gives credence to the pathfinder approach in terms of being able to trace gold in the basement, where ordinarily one might not have drilled, based on previous results, thus whilst not able to throw up nuggets, it is certainly proving to be a step in the right direction in terms of early stage detection. Perhaps, with time, the pathfinder approach will become more quantitative as well as qualitative. But you need lots and lots of data for this to happen, so over the coming years, as we build that dataset, we will become even more adept at interpreting the data.

Good analysis and grateful for the input.

Caribs