Member Info for Dan_The_Man

$8 costs

Bought a load on the credit card, oh ffs...

I think I remember seeing that if they double the production, they will be throwing off $20m annually so £15m... probably have to value this forward on p/e of 8-10 I imagine, mcap should be between £120m - £150m, or 3-4x from here...

Oxymoron right there... arbitrage is risky lol...

It’s ****** mate lol... we are all adults here... I love it when these guys start to appear, we must be close to news now...

Would you mind buying the £43k plz...

The majority did but some earlier ones didn’t, just part of the agreement... people get too caught up on the warrants and the details, just a part of the game...

If you check back through the EUA trades, there was actually a trade at 20p, now we now that this was in fact a marker... see if you can locate it...

I’m personally expecting these... Barns was drilled early and therefore Laker should have been done too...

Massive overhang in UK but once this clears we will be off... I think there is a set number of shares which can trade on Warsaw so just heightened liquidity squeeze... if the rumours are true and they have hit big, I full expect the differential between here and UK to narrow, double figures here within next week or so I imagine...
I would also say that there are trades being done in the background to short Poland and long UK but as you have seen, Poland keeps going up and UK doesn’t so I guess brokers/traders are a little sceptical at the moment about the arbitrage op...

In Poland

31 January 2021 Proposals close
1 February 2021 Proposal assessment by Expert Review Panel (ERP)
28 February 2021 Proposal assessment close
31 March 2021 Announce recipients

Managed to get £7k at 2.8p...

Ignore share prices, concentrate on market cap...

I hope so mate, no doubt I’ll still be here talking to myself ha ha...

Carib ~ just a conservative approach, value is gold in ground and low confidence... so take 2% of spot and convert it to £... some use 5%, which obviously puts us at £1.25... ok if we turn it into production, then it’s much much higher right as we value at spot minus all sustaining costs etc, so I reckon we net $1200 profit off each Oz, my calculator ain’t big enough lol...

These are opportunities to nibble away at and tuck away... of course there was going to be a pull back, just to absorb the hot money leaving etc... they have all of the samples and are getting stuck into the analysis, this will all feed into modelling the ore body etc... remember we have some drilling in reserve too, a few thousand metres which we can probably do another 15 holes with, and then there is the additional soil sampling... this is going to turn into a beast and yes I know it’s frustrating seeing the amount of your holding drop by 20% but a few years down the line, this will be worth many multiples, if we get 5m Oz in the ground, this is worth 50p on current shares... if we hit iocg, we talking £s...

This is just standard right, we awss as it next news and old sellers will be replaced by new buyers... this results are a massive relief, total risk off now and I imagine the team have met criteria now for their incentive options... then andromeda jv % confirmation, then drill schedule and plan, going to be busy and I imagine those results have peaked the interest of a few majors...

Morning... and morning everyone... weren’t cobra something else yesterday, very pleased with that... you guys been buying senx, reckon it’s time for a big cuppa...

Thanks for the summary Carib ~ I wonder how Andromeda will react to the news, very very positively I imagine...