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Not surprise to read that NvS recently had 3rd party interest. No matter how deep the party pockets are, a 3rd party will be looking for an upside which they will get at a much lower SP than at 5p. All the more reason to expect an RNS reporting a placement in the very near future. Several potential targets to drill, and $3.15M will not be enough to cover drilling 2 large targets simultaneously. Just my opinion.
Good on you TSP. I made the mistake last year of not locking in my profits, only to watch the SP tanked. Not this year. Locked in my profits, and will wait for the announcement of the placement before buying back in personally.
I think the most important question at the moment is whether the pending raise to fund the West Lunga drill campaign will be made at a premium, or at a discount? With no non-core asset sale, a raise is inevitable. The $2.9M raised back in Feb, plus the $250k from the sale of Andiamo will not cover the drilling of both Cheyeza East and West Lunga!!
To be fair, when warnings were given, the posters who gave the warnings were abused and labelled as Trolls. No one wanted to listen. I for one was named a vile Troll. I had an average of 0.5p and got out at 0.3p last year when I saw GR's pattern of behaviour. I made up my PREM loss elsewhere. Sorry for those who believed and hanged on hoping that Zulu would deliver, and that the Circum liquidity event would accur. Over a year waiting for RHA, whole taking a fat salary for meetings. AIM shouldn't allow CEOs to behave the way GR has.
Can't understand why folks would get wound up over posts here? Why take it so personal? Posts are opinions which can be easily ignored, or filtered. I noticed that even when filter is applied, it's not enough, folks go and read the posts which end up winding them up anyway. Go figure. Reading about shopping is hardly rolling back the frontier of human knowledge:)
I am working on the next big thing in WiFi technology which will be in the shops for Xmas. Now, that's interesting. WiFi 6 is here folks.
How much of the reduction in Zambian copper out down to reduced demand from China due to the trade war? No trade war, producers would move heaven and earth to keep up with demand even in the face of falling grades. Market need the trade war to be resolved.
There was no RNS reporting the disposition of the ARCM shares. He quietly transacted them. I have a feeling that they were actually PREM and GR, like a bed & ISA. Appear to have been sold, but actually got transferred to GR. Like I always said, he has no plan to let the ARCM shares slip through his greasy fingers. No proper explanation have been given regarding what he did with the money/proceeds. That phrase working capital covers a multitude of sins.
You forgot the Specific Gravity/density of the ore body.
Here is an example, plus other assumptions:
https://undervaluedequity.com/mineral-deposit-value-how-to-calculate-the-potential-value-of-a-mining-project/
Come now ARAHIM, I always regarded you as one of the brighter folks here, sadly I was wrong. I wouldn't come here to look for friends. What would I learn from you folks? I am still here, same id, no need to change you thinkers just cannot abide an opinion that isn't parrotted. Next, I expect the racist taunt:)