Member Info for Crossthetea

That wouldn't be wise. If TEK sold 80% of their stake in SALT it would tank the company. Likely TEK will agree a buyback at some point when the company is revenue flush, so protecting their own reputation as an incubator.

Oh jeez, Wozzers back.

I thought you sold out a few days ago SirMark, are you buying back in again?

Very sticky fingers in this share, I've always had to split my order to fill.

The MMs should know that they could make more money with larger volume if they raised the cap closer to fair value with this one. But then again that would not help me!

Wish it worked that way. Divide that number by ten and you're closer.

Still a significant upside though.

you got a good price there. my interest is the inevitable jv at han****. it's a big deal if they can prove 25mt. china is stockpiling iron ore for good reason

The markets are in turmoil at the moment so likely they are waiting for everything to get back to normal. I wouldn't want to manage an IPO with Trumps finger hovering over the (tweet) button.

Nice rise, Paranaita/Molly news incoming?

Granted cash burn would see through that this year. They need a good strike to justify a good MCap, with the available results their MCap should bounce between 6M-10M. Visible gold in the April drills will see a bounce but we need the proof of high grades for it to stick.

Otherwise anything above 10M is sentiment, which is way too risky for me, at least.

Due to enter asx100 next week though, meaning passive buys from more major funds. It's a nice entry point for them too.

It was a paper win, noone could sell at 3p

I read the report. Hits of 2% copper and >1g/t gold over 4km shows significant mineralisation, in combination shows that a deposit stretched over a large area is close by.

It's a big deal.

The intervals are fine for the area. I do feel sorry for the holders who are down at the moment, but with these results the current SP is in bargain territory.

One good strike in April will see an MCap upwards of 20M come May and any reports of visible gold will see the same in April.

BoD are keen to show success so I doubt communications will be so sparse going forward.

*sorry, >1g/t, blame fat fingers

Exactly! 2% copper and <1g/t gold hits across 4km suppots that exactly... no, wait.

(Sarcasm, based I know but come on, the fact is there is gold and hot copper here, this is now proven. And the combinations point to a heck of a lot more of it in the immediate area... 25 more fully funded drills should go a long way to find the heart... if only that was scheduled to start in April, if only...)

Gambling with hits at 2% copper and >1g/t gold? That ain't no smoke.

They'd be acquired long before an MCap 4.5B is realised. My guess is that they will eventually farm out to Greatland, being so close, who will then simply absorb them.

The majority of shareholders do not know the science, hence the drop, and the science in the last RNS shows a very good outlook.

Money follows science in tech and mining so you want to be in before everyone else starts to understand. I'm not being positive, I'm just being factual and logical.

Simply put, they see mineralisation at depth due to the historic level of the water table. Basically the location of these holes was chosen because of the anomalies but also the deep water table, any mineralisation in these holes would indicate presence of gold in the area and it's depth indicates it's age according to geological changes of the area over time

Now they know there is gold. Now they know how old it is. Now they can measure where the high density deposits are by modelling the shifting geology with time, including areas with a higher table historically.

This is actually really good news, there is gold and now we know better where it is, and there is a fully funded drilling campaign.

That's Carbon Dioxide, mate. One of the constituents of your hot air. (just kidding)

They just raised 1.5M a few weeks ago.

Also, don't forget the 4.5M loan repayment from GDNT to TEK, likely to complete from the IPO income