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This was hugely undervalued with Miraflores feasibility alone NPV 72m. These results make it even more so, I mean come on - TS-DH-07 Recently drilled 253.1m @ 1.01 g/t Au, 0.87 g/t Ag & 0.07% Cu
Plus the JV being worked on with Anglo for Chuscal which likely has tens of millions of ounces (the above two will likely have a million between them, Tes + Mir)
The issue as always is funding, if this co had circa 20m cash to put this all into play it would be work 150m+ instantly.
Nick Winter came to us, as he wanted to be involved, he worked on Chuscal at Anglo and knows what is likely to be there.
I know we have all suffered and Los Calatos was sold for a joke in the end but we now have Kevin Wilson in charge and Nick Winter on board. This company is a different prospect all together.
DYOR, GLA
Huge volume again on the ASX, 0.12 taken out for a while and options (0.11) now in the money which is creating resistance.
Remember we are confirming, 384m @1.1g/t Au. It didn't even finish at 384m (which is already huge), we are drilling 500m I believe, imagine its all the way.
On top of that we have Mira which is at FS - 2.8Moz AU.
Also news could land on an agreement with Anglo for Chuscal (massive anomaly) and/or sale of Chille assets such as Mollocas, which are up for sale.
Huge potential, remember at Tesorito we are confirming old results, its not a stab in the dark. Those results are already big.
AIM asleep.
DYOR, GLA
Update due soon I would think
Hopefully that's
Credible, Connected & Coherent
rather than
Charlatan, Crook & Cheat
:)
Jumping, please may you ask about future listing?
Q -
Current share certs seem to be without a registrar. Lots of shareholders had electronic noted shares, that were held through Signal shares, but they (Signal shares) are saying the service has been suspended and they are currently not acting as the registrar, due to fees not being paid.
What is the plan for trading the securities going forward, a new listing? If not what are BLCC doing about the above situation.
Thanks
Guys on Hotcopper quite bullish
I don't think they will technically move, they will dual list, staying on the NEX and listing on the Canadian stock exchange. That way they keep investment easier for the UK and Europe. Also they do owe the NEX as they took us in when we were down and out. A dual listing gets more exposure and if this does re-rate massively, it would also be good for the NEX exchange as a positive story (repaying the goodwill and support). Just IMO.
Looking forward to these Tesorito drill results, if they confirm the historic results I am hoping for a good few bags here back to decent market cap. We may even get some surprise news if they have managed to sell Mollacas. Then there is the anomaly at cusucal. Good times ahead are 5 years of pain. Getting in now fresh is an absolute steal.
DYOR, GLA
Kind of hoping lombard are such a fish and eyeing us up. Hopefully they are big enough to see through all the smoke and mirrors and know what our efforts and agreement's in indo are actually worth when the necessary box's finally get ticked. I appreciate DW efforts on some respects but he was no accountant and should not have been at the helm.
More positive than I have been with DW gone but the big question of funding anything still looms. We are a little fish in a big pond. Best case scenario is i suppose we are worth gobbling up. Worst we starve to death and rot.
Hi, just looking back in, so Lombard Odier, who seemed to be exiting their position, are now buying back in? 22.33% then sold on 14/5, to 13.84% then sold on 22/5, to 12.90% then sold on 25/5, to 10.94% then bought on 30/5, to 12.49% (current state)
*"can't" destroy it before...
What is this all about SC? Are you saying Binman and Winnie the pooh are behind Financial Fox? Ps. you can't get rid of CC he is the driving force behind this, he is ethically sound (so it seems), if you are indeed correct that he has had to use these guys for some reason it must be for the greater good. Even if to keep them on board so they can destroy it before it blooms. Sometimes you just have to dance with the devil, if only for a while. I sure when the puzzle falls into place he will use other promotional avenues. Things are looking great, maybe just ignore this seemly unwanted collaboration for the short period I am sure it will be around for.
23 trades today on the asx, think over 80% of weight held there. My buy on the Lse traded on the NEX exchange and doesn't show here. UK shareholders treated badly but I think a turnaround this year. Mira still on target and a good tesorito drill next month could completely turn this market cap around. Yes market fed up. But asset values are there.
Its a false front, there is a secret lever behind the sink, the floor comes down (like the pier office in batman) to reveal a secret underground lab. They have gone to ground because of all the rubbish being thrown around. The results of their epic works are to be revealed soon, ignore the rusty gate...
Any idea on when we can expect the roadmap? Also any idea on the maiden resource, expected something on it by now? Share price back down to the 0.3's, seems to be a lot of selling
Something definitely going down, lanstead screwed the BOD with the ridiculous sharinget deal. Redfeild looked likedown they meant business with apportionment and investment but something changed when the pulled the EGM. Who is on the new BOD is a big question. They should have drilled Tes 10 months ago at least.
Lot of chat on hotcopper with reconstruction being alluded to
Thanks SC but I have hit a wall. I opened an account Hargreaves Lansdown, then completed the transfer sheet and got the original AFPO share cert, but on calling them to check all was in order they said they cant either trade or hold AFPO or the new BLOC from NEX. I checked and HL are listed on the NEX exchange. Any suggestions on what I can say to them, seems odd, or a contact that knows about the stock. FYI I held AFPO in HSBC who cant trade NEX and sent me the share cert.
Gravity is a force, it doesn't go down - doh! (blank look on everyone's face, excuse the pun) All this liquidity is good. The situation is either 1. Good news round the corner and the new buyer pressure is clearing out stale bears who have had sell orders in for a while, or 2. We are about to get smacked with the next whitby placing, which is going to hurt and is being pre sold, again...