Member Info for Clive205

Given the parties involved, knowledge of the geology and past direct hits elsewhere, the chance of success must be high here. They've spent circa 3 years getting to this stage. The IPO should not be seen as a brand new co. Directors were working for nothing prior to that. Why would they do that if they did not believe in the potential outcomes.

Seems to have reduced his timeframe for hitting that 11.5p target.

106M shares in circulation but only 47% in public ownership so not a lot of stock available and if anyone has any sense buying at this level and looking at WSBN they will hold for gold instead of taking a 5-10% win.

WSBN has more than 10 bagged since June 6th. Shows the potential for what could happen here.

Pottas has tweeted about the drill camp site being set up:

https://pbs.twimg.com/media/GzQgRgBXkAAppIA?format=jpg&name=900x900

Thanks. At about 31:40. Interest growing ............ #WSBN went from about .175 to .7 whilst the drill was going so 4x increase. Don't see why something similar couldn't happen here given the wider awareness of what's going on in that region and the potential for a major discovery.

Cheerio to those that took the 5% gain. Onwards and upwards ..................

And another - so 500k in buys first thing today.

4 x 100k buys just reported late - look like sells but it was possible to buy under the mid-price at the start of trading.

Now up 4%.

7.5p paid. New high's today likely ahead of confirmed news about the drill site.

Tweet by CEO Tristan Pottas:

https://x.com/TristanPottas/status/1958569265248051307

For anyone doing their research into #FDR it was highlighted recently by Joanne Hart in her Mail On Sunday 'MIDAS' column:

https://pbs.twimg.com/media/GyxuthOWgAE_mdG?format=png&name=900x900

Interest is increasing in terms of the number of transactions and in £'s value being traded per day.

FDR gets a mention in today's charting update by Zak Mir. About 8 minutes in. Looking for circa 11p as first target.

Moved some profits from #WSBN over here. Hoping for a similar move.

I'd be a bit narked if I'd sold at .50 earlier. Each to their own though.

Great article on Breccia Pipes:

Major Discoveries Linked to Breccia Pipes

Some of the world's largest copper and IOCG deposits have been discovered by following up on breccia pipe targets. The immense 1.2 billion tonne Los Sulfatos deposit in Chile, containing 1.46% copper, was discovered by drilling a 2 km deep tourmaline breccia pipe. This demonstrates the incredible size and grade potential of underlying systems linked to breccia pipes.

The Olympic Dam IOCG deposit in Australia, the world's largest uranium resource, was originally discovered through a hematite breccia pipe anomaly at surface. Further examples of major discoveries guided by breccia pipes include the Candelaria and Manto Verde copper mines in Chile, Ernest Henry in Australia, and the Aitu Gold Mine in China.

A common exploration strategy is to thoroughly investigate the area surrounding known breccia pipes, as the causative porphyry systems often have multiple apophyses producing discrete breccia bodies. For example, the Filo del Sol project in Argentina contains over 20 breccia targets, highlighting the camp-scale potential. While initially subtle at surface, breccia pipes provide critical mineralization vectors that have led to many of the world's largest copper and IOCG deposits once followed up by systematic drilling.

https://www.cruxinvestor.com/posts/the-importance-of-copper-breccias-for-mineral-exploration

Back up to 3275.

Anyone know what recent production totals are?

Results today ahead of the 2nd April estimate. Not looking too shabby:

- 23% increase in revenue to £38.2m (2023: £31.0m).

- Improvement in gross margin to 46.9% (2023: 45.0%).

- 88% increase in profit before tax to £5.2m (2023: £2.8m).

- 57% increase in adjusted EBITDA1 to £7.0m (2023: £4.5m).

- Basic earnings per share up 83% to 24.66p (2023: 13.51p).

- Diluted adjusted earnings1 per share up 84% to 28.12p (2023: 15.31p).

- Increase of proposed final dividend to 8.00p (2023: 7.50p) per share, resulting in a total dividend for the year of

11.25p (2023: 10.70p) per share.