I reckon there will be a steady move up this week in anticipation of the UK4 - Tender Notice = formal tender invitation scheduled for Oct 31 (although it may run onto a later date).
This all seems very simple. From the RNS’s hole 2 was started (from memory) 70m away from hole 1. Hole 2 intersected the breccia pipe 200m away from hole 1…… so hole 2 was drilled at a slight divergent angle away from hole 1 (probably about 15 degrees but I don’t have my calculator to hand at the moment).
Perfect 61% Fib reversal of the rise from 2 to 7 back down to 3.9 (which seems to be happening to a number of stocks atm.....SAE is another). Decent buys coming in and chart is looking extremely good.......
RE: Mako deal is worth $279 million to EME7 Aug 2025 16:53
Bet you won't be going................ and no-one actually cares what you think. You sound like a reincarnation of Hipposyawn........famous post on GCM years ago when, with GCM at 18p, he said that he wouldn't invest until it was £1........brilliant!
30 July - Cannacord still had 6.5% of the Company which at the share price at the time was only approx £45k. There was a late reported trade yesterday (31 July) for about that amount, so Cannacord could well be out by now
......and from 10 June RNS: 'Westmount has no debt and sufficient cash resources to fund the minimum (irreducible) corporate overhead into H2 2026, with liquid investments available, if necessary, to increase this runway.'
From 11 June RNS concerning fund raising of £1.75m :’ This additional funding will provide the extra capital to continue drilling at Red Setter should the main gold targets be identified.’
Well with Hole 1 seemingly still being drilled it looks like the main gold targets have been identified……
Please read the RNS before commenting…… it states that the Directors are subscribing for £300k of the previously announced placing…… there are NO NEW SHARES BEING ISSUED!
See what you mean Latino........our 861000 shares in CMRL are currently worth about £2.25m (CMRL has dropped from $7.5 in Feb 25 to $3.5 but was up 32% last night), plus all TM1's agreements in place, and we are currently worth £1.3m. Looks highly undervalued.......