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J4ams - Once people start to realise the JV is very close to concluded and that the resource may be bigger than first thought (as suggested in Monday's RNS), I think it'll move.
https://www.londonstockexchange.com/news-article/CMRS/option-agreement-s-update/15133536
Biggest highlight:
"The thorough programme of metallurgical test work being undertaken by Jubilee under the terms of the Option Agreement, is progressing well and will continue to identify and optimise mineral processing options, leading to a blueprint for plant design. The final details of a JV will be determined by the tonnage, grade and origin of feedstock to be delivered by Caerus to a Jubilee-designed processing plant."
https://www.londonstockexchange.com/news-article/CMRS/option-agreement-s-update/15133536
Biggest highlight:
"The thorough programme of metallurgical test work being undertaken by Jubilee under the terms of the Option Agreement, is progressing well and will continue to identify and optimise mineral processing options, leading to a blueprint for plant design. The final details of a JV will be determined by the tonnage, grade and origin of feedstock to be delivered by Caerus to a Jubilee-designed processing plant."
Last I heard, I think there will be a Sunday roast interview as well, maybe this weekend? Don't know what the drop is about today, presumably wider market.
Expert - I think people are taking their positions for news flow on the site visit. CMRS have been tweeting about it, so I am expecting the buying to continue this week and into next.
The mcap should be more likely 25-30m as and when the 1st JV concludes and there are more assets available than 1 JV (Troulli is the first site being reviewed). However, DYOR as usual.
Yes, I also have a position here. I see the mcap of 12m and then look at other explorers with similar possible timelines to production and some have mcaps of 40-80m. Any positive news coming out of Cyprus when JLP and BZT are there for the JV work and it will fly.
Shorn, you have to sign in to Vox. I expect the link will get starred out when I post, so its Vox markets......https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-colin-bird-executive-chairman-bezant-resources-4202a7a
johnygaddar - yours is the post I won't forget from this debacle. Called it.
It's a great tweet though Womo - "We look forward to updating the market as we continue to develop our waste to revenue strategy with our strategic partner @Jubilee_Metals."
That sounds encouraging for the JV.
Groucho, they have an option agreement for a tailings JV with CMRS in Cypress as well, so I would second its not the last such agreement that will be seen.
BigPlan, how many more times do you feel the need to say 'this could go under 10p?' Surely 3 times is enough for one day, especially as you're apparently looking for a share price rise.
Seahawk,
I messaged the company and said, 'what's the plan, the market needs it.' If you feel the same way, I'd suggest doing the same rather than leaving it to guesswork. I agree DM looks tired, but I am sure he'll bounce back.
I would see a potential partner to fund it all and get the best equipment as being a bonus whether to not they took 60%.
I would rather have a stable share price with reasonable upside than the mad swings. Into production, the market would still get their x6 anyway, even with a 60/40 JV.
SeaHawk - have you seen oil companies with initial discovery have no share price increase? I could understand it with an established oil company, but find the idea that this won't move up on a discovery very surprising.
Ryan, I am not sure its even about the results anymore, but about how PIs have reacted to all the events surrounding the spin offs and the results. There are plenty of companies that are not even profitable or producing a service or goods yet, but have share prices sailing up on their potential with enthusiastic PIs. Then here is Open Orphan with a proven track record of winning contracts, but because a seller has trashed the share price, now everything seems to be under extraordinary scrutiny. On the one hand that is good, on the other hand, where teams of shorters and de-rampers can exploit these kind of situations, its also not good.
NDN - I think I understand what you're saying now...essentially that there are no guarantees of commercial success with drill 1, but that reaching total depth in itself can be considered a form of success in moving forward. Yes. Agree with that. Sometimes its difficult to discern meaning on these boards. Thanks.
Agree its a frustrating response. I have another stock up 9% on one little news article.
NDN - I was wondering what you mean by 'we may not have a gusher' because it sounds like you think the drill might fail to produce a discovery? I thought they had noticed bubbles in the mud and would have to do a flow test before they knew if they could announce a discovery, so I was just wondering where you're making the connection between time taken to drill to depth and not finding flow?
Think another week, we'll see what the base looks like.
Swapleber - how is that a helpful thing to say? CF has confirmed in an interview there's a disorderly sale of TR's shares that should be almost finished, yet you're here saying its not that. Where's the elsewhere you've looked? Rather than being enigmatic about it, why not just say who you think is selling and why?