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bhargav "Apta proved to a few millions"
Chickeniegs "2 million ounces alone for Apta"
I'm sure I'm not alone in wondering what's the basis for these numbers. There's no RNS or info on the co website confirming this.
As posted in May, the MDA Report range of 165-274K oz Au based onthe first 53 holes is the only reported number. Many of the later holes simply confirmed those legacy holes, which with the additional deeper and stepout holes, indicate perhaps double the MDA total at best.
So why the "few millions" and "2m" claims. Guesstimates, or what??
Seingred, with you there. Almost bought back in at near 15 late Oct but thankful decided to wait for this long overdue update and so glad I did. With no more news due on Apta and drilling elsewhere unlikely until next year I can see this drifting lower by year end.
Annoyed that we have lost the expertise of Magic and Ageos as there are bits of this RNS which require a geo. The bit about hole 096 "opening the potential for folded repetition of higher grades further down the western limb" looks important to me, but what do I know. Experts are so rare on these chat boards and bone-heads ten a penny.
Anyone with genuine knowledge got any ideas?
Nothing from me since early July but took advantage of the SP spike on 7th and dumped for another £6k profit. Thats my third this year so doing very well following the P & D's. Question now is when to buy back in.
Not expecting much progress on the ground in Colombia as its the wet season. Hopefully the 4 remaining drill results from APTA will be released and Ageos or Magic will give us an update on the current resource. Dont trust anyone else on here to be even remotely near with guesswork. An APTA resource of 5m oz au is a complete joke and the rest of ANZA still an unknown.
Back in yesterday with 100k at average of 17.25 but had not expected the SP pullback.
However, not knowing the location of the 9 drill holes relative to the historical drill results, I suspect they add less to the gold resource than we think. Probably more infill than expansion of the resource, as Ageos predicted some time ago. An update from him or Magic would be much appreciated.
Karl, I remember that too. But it was only if the high grade gold continued down dip or could be proven to extend further on strike. Neither seems to be proved so far but 079 gives some hope of the most southerly area adding a significant amount, if I've got the location right. Lets hope ageos will update after the next results.
Ageos, thanks a lot. I get the drift of your post and guess the APTA resource is not much different from the MDA Report range of 165-274K oz Au based on drill results so far. Will be interesting to see what the next set of assays produce.
I've been investing since your intheno days and those amazing MARL resource estimates so have a lot to thank you for. CB
Not posted for a while as thankfully sold my 100k at 22.5 and a small profit before the drop. Now very unsure as to where this is going in the short term. Another set of mixed drill results and this could drop further. Any drilling at the other targets would boost interest but that could be months ahead. The Pope report quoted Brad as saying end of this year for Cajita licence "he hoped".
Any chance of an update from ageos on the Apta drilling results, or from MagicT? Nothing from either for months now and no one else seems to have a clue. Q for backlash I bet.
So last week didn't pan out as I hoped. However Brad mentioned next assay RNS as probably after easter so not long to wait for next P & D, or even a P & hold if results are good.
Interesting that Brad didn't mention Buritica at all in the Q & A, and admitted to some hubris in the tier 1 claim. So no surprise the chimp-chatterers have stopped pumping APTA as the next 30m oz Buritica and have now switched to it being a mega-million oz gold-silver-zinc La Ronde-style VMS, and just one of as many as you can stuff into the ANZA region.
Would be great to hear from Magic and Ageos for a change and a reality check.
Generally impressed with Brad, as seems a no nonsense kind of guy and was honest in telling investors to be more realistic in their expectations, especially on drilling progress and assay results. Also seemed to down play speed of licensing for the other drill targets, which conforms with the Turner Pope report's, late 2021 .
Have no fixed strategy Damo other than protecting and keeping profits. So never plough back gains cumulatively. Sure way to lose the lot.
Hi all. Back in Friday at 21.18 for another shot at a 50% P & D. Not what the LTH want to hear I know but that's the likely reality as I see it developing short term.
Response to last set of drill results obviously disappointing so not expecting too much from next lot either but expect Brad to try and boost interest on Thursday. Hopefully enough for a profitable exit.
Amanensia, fascinating program on radio 4 a few weeks ago which explained the behaviour on these BB forums as directly comparable with that of chimpanzee troupes in the wild. They are fiercely male dominated with females actively suppressed and the males are constantly assertive in trying to maintain their status and challenge the alpha male. This forum has been a 'dead wringer' for some time, with the alpha male now seriously challenged and any number of contenders vying for the role. I'm constantly being 'put in my place' and the only other female who appeared was gone in no time. All great for a laugh as far as I'm concerned.
Rob, wrong in your assumption but nothing unusual in that. I'm waiting for what I judge might be another >50% gain so the entry point doesn't have to be 19p or thereabouts as it was last December. Could be at current 26p but more likely I'll wait until a drop on a below par drill result. Sure I may miss out but as I've explained before it has worked well for me.
With you all the way Amanensia. tedious in the extreme but with a few welcome exceptions.
Not if you'd taken several 50% gains you wouldn't. The compound growth is considerable over time.
Anyway signing off as must get some work done.
Rob, yes of course I would love to buy in cheaper. Preferably near the 19.5 I bought at on Dec 8 last time. Am I stupid enough to believe I can de-ramp the SP? Obviously not otherwise I would be posting here 10 times a day and would have clocked up thousands of posts like you and many others on here.
Horses for courses, as is the saying and mine is investing for short term 50% gains for which OMI looks a likely target. I suspect many more on here are in for similar reasons but not honest enough to admit it. Sure there is the possibility, never certainty, of a mega-gain long term, but my 30, 40, 50% gains sure add up over the years. Paid off my mortgage and now building for the future. Best of luck with your long term "beliefs" guys, I prefer cash in hand.
INCREASE THE RESOURCE, yes, but from what? The only guide we have is what I've posted before, the 165-274K oz Au estimated by MDA for most of the legacy holes. That will include the results from the 072 confirmation hole if I remember correct. Not trying to de-ramp, just being realistic I hope. Agree however that the two step-outs from 072 should increase the resource but all depends on the grades of course.
Stop-lost out of this at 29.25 a month ago. Not complaining as 50% profit but when to get back in is the question. First drill result from APTA didn't exactly "blow the bl**dy doors off" did it so tempting to wait. Good to see two geos on here now so if they dont get trolled-off there's a chance of more serious debate. Best of luck guys.
Good to see SP ticking up. But why such inflated expectations from current drilling of 2400m, which at APTA is probably only 6 holes of 400m depth. Surely cannot add much to the previous 71 holes. Very puzzled by all this excitement.
By "downbeat drilling news" I was referring to the three line announcement of the drilling program which was tagged onto the placing RNS. This board was full of moans for days about how this program was being down played.
And yes I do understand that drilling results come after the drilling .
Some here need to engage brain before hitting reply.
Should have guessed this was likely to fall back to placing price I suppose after the downbeat drilling news. Oh well, at least my 19.5p buy is not too much in the red. Hope we see a rise up to the drill results in Jan-Feb and no sell off.
Some interesting stuff over the weekend. Challenging but raises the game so carry on posting guys.