Looks like placee 's have sold out in this recent rise...something like 180m has been traded since placing which was for only 41m shares...41 x 4 = 164m....normally to see off placing shares u need volumes to be x4 number of shares being issued....we have crossed that figure....
I think we finished on highest trade of the day...looking good for nxt wk opening...
Important point....ceo has 22m shares in this...meaning his interest lies with us....on freefloat is only 69m......this can go mental....providing demand interest remains...I myself....think we are about to see something special here...hope I am right....right now mc is around £8m....which is .peanuts.........
Be in no doubt this will be volatile...both ways up and down...as profit takers move out..we will see new entrants....taking us to new highs....only few days ago ceo said...we was oversold...and even at 13.5pnwe was undervalued...
"The dealing date and PDMR dealing forms in respect of 230,769,230 New Ordinary Shares in respect of the Related Party Transaction will be subject to a further announcement in due course"
Ggp .... rose by 700%....from 1 day be4 haviron drill to 2nd day of results from only 1st hole....0.30 to 2p....I about 2 mths.....
Wsbn cqn repeat this feat...we just have to hit the right spot....yes thereafter...1st holes....we can go to bigger things....ggp went onto do 135 bags..around 0.30 to 40p..with only 30% stake....
135 bags don't come overnight....they come in stages...step by step....
Newcrest sold havieron for £250k to ggp...after failing at shallow drills....after ggp hit at much deeper depth...newcrest came back with bigger offer for 70 % stake....
Wsbn is no different....my guess is jv will come....only question is will it be be4 or after drilling of red setter deep drills....obviously after derisking on drilling stakes will be higher ( assuming high grades gold is hut )
When GGP was about to drill HAVIERON...they had approx £4m in bank....shareprice at the time was 0.30p......m/c £9m....
They FINISHED the drill and done a placing at 1.25p 3 mths later on 27th of july 2018.....thats some +300% from commencement of drill...they were at the time of the raise doing exploration at Balck Hills Enerst Giles FIrepower etc etc....before they did placing at 1.25p....shareprice had touched around 2p...thats some 700% rise from start of drill ( havieron ) on 18th of april 2018 to 27th of june 2018 ONLY 6 WEEKS....VOLUMES in them days was HUGE...in shares term 300M exchanged at peak....in terms of money £5M was exchanged.......
Now compare above...to where we could be in coming weeks/mths...right now our mcis half of what ggp's was before their havieron drill...on a jackpot hit...if was to reach peak of their 2p .... mc wise...we are looking at 14 BAGS.....
They went onto hit 135 BAGS...from 0.30p to 40p...with only 30% stake...at peak back in them days...with newcrest 70% holding....havieron was worth near £5billion....
These numbers mentioned above are mind-blowing....
Who knows....only drill results/assay's will tell us.....the WORD on the street...is ...its looking very very good....NEXT HAVIERON!!!! in the making this RED SETTER DEEPS...could even EXCEED it
risky yes....also...HIGHLY REWARDING if everything goes to plan....
What most do not realise we are only sitting on m/c of £4m at 0.18 ...before drill results hit our screens we would be well north of here......AIM is very very risky.....play it safe...by buying low and selling HIGH.....no point chasing rainbows ...when we are 100% 200% 300% 500% UP....most who buy at current prices most likely will be de-risking at that point ( assuming we get there )...
I was in EARLY in GGP...when HAVIERON was being drilled ...walked away with my few BAGS...missed out on MANY MANY MORE....
One has to measure risk with reward....whats the risk from current level....because of other assets and cash...i would say very low....REWARD could be HUGE!!! as in MULTIPLES of current price...
IN or out you decide...
our ceo is in ... other bod members ard in ..GHOST is in.......YOU???....well u decide....its your hard earned monies....dont let others dictate .....be your own boss....do bit of reasearch/homework...jump in only if you feel comfortable....and de-risk whenever u feel like it...set your own TARGETS...