As much as I’m invested here and would love to see it, I think you might be a bit optimistic there Gloope mate.
I think the reference to a couple of weeks was for 79th to do due diligence on all the data held for the sites, after that negotiations might start in earnest, I would guess at least six weeks before anything comes to the table , although 79th will want their ducks in a row quickly if looking at IPO this year
Just my two cents mate
Cheers
Looks like it will be acquired via imetalresoirces
https://imetalresources.ca/imetal-resources-surrenders-kerrs-gold-deposit/
Latest interview from last day of PDAC
https://www.youtube.com/watch?v=AXqqRHA5bU8
“As for Zigzag, initial grab samples indicate a 400 m long core area with over 1% lithium oxide. Channel sampling further substantiates this, with one channel showing over 5 m at over 2.5% lithium oxide. While we have already received offers for this property, our philosophy prioritizes conducting an initial drill program to consolidate potential and increase the overall value. With an initial modest drill program now completed; striking a balance between advancement to add value and preserving potential is imperative. “
Interestingly offers already received, I wonder what valuation will was turned down?
Link to article
https://www.gbreports.com/interview/marc-sale_1
Well that interest didn’t last long, can’t even say it was profit taking as even buying at bottom and selling out over last couple of months (maybe 3% )not much on the size of trades going through yesterday.Good job we didn’t put out a poor RNS, though in this current market the Sp would probably go up 🙄
Seems relatively positive to me and adds to the 11.5 m shares loaned last year to raise £605K, that paid down the £500k loan and paid ZigZag drill, both deals seem to be replace shares at next AGM when more shares can be allocated . This deal possibly to pay for another round of drilling ?. Only consideration is a 8.5% interest which doesn’t seem extortionate for this deal .
Will bring us to about 96m shares in issue by next AGM
On interview with bull market 2 weeks ago he mentioned. “Next week, or week after for results but definitely before PDAC “ so only 7 working days left to 3rd March . He does seem excited by zig zag results but I guess that’s his bag. Will be interesting either way
"As for Zigzag, initial grab samples indicate a 400 m long core area with over 1% lithium oxide. Channel sampling further substantiates this, with one channel showing over 5 m at over 2.5% lithium oxide. While we have already received offers for this property, our philosophy prioritizes conducting an initial drill program to consolidate potential and increase the overall value. With an initial modest drill program now completed; striking a balance between advancement to add value and preserving potential is imperative"
https://www.gbreports.com/interview/marc-sale_1
We’ve seen this before at the original process in Sweden. The hearing is not over this is to give Naturskyddsföreningen a chance to respond to the governments response then once they respond the Sami will ask for an extension to respond to the Naturskyddsföreningen Response once they get the extension then all parties will be given a chance to respond to the responses and around we go again , it’s just how Sweden works ( excuse the irony )
All seems very subdued at the moment, palladium for their part are up 27% across the pond but not a peep here, 2 fairly decent RNSs yesterday and today more news due from results at Zigzag soon but not even a flutter on the price,