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All depends on how much we can add from the growth and infill drills by then and how the PFS goes.
I would like to think we could easily be above ATH by xmas, on hav alone.
Not to mention all of the other tenements that are being drilled. If they come in.....Who knows
good to know midge.
Its also only a partial transfer, and carrying on paying into the L&G one too (employer contributions). So hopefully thats less faffing for them closing accounts etc. Just sell x amount of the fund and cash transfer it. Lets see anyway... Quite selfishly happy to not see the sp take off again today haha. know where its going Long term. So just need L&G to get their finger out :)
Forgive my ignorance. But, will we know the results of all the growth and infill drilling by PFS? or will these continue to be rolled out post PFS and whilst the decline progresses? Just thinking about what is to come after PFS with regards to regular news at Hav, as I take it they won't be drilling any more when the Decline commences? Again, apologies if that sounds stupid, Im not an expert in any of this :)
Like you say, its the option to raise funds.
From the AGM RNS:
At this time, the Directors have no current intention of exercising either of these authorities (other than to provide for the previously announced share incentives), but consider the authorities appropriate in order to allow the Company limited flexibility to finance business opportunities and capital requirements should the need arise before the next AGM (December 2021).
If I were in your position, and had read that first sentece ^^^^^^ from the RNS. I'd be thinking, am I really going to hold back on the off chance that they might ( but have no intention to) raise funds at some point, meanwhile the PFS, MRE upgrades, JV's, 100% owned tenemnts, decline...the list goes on, could all push the share price up.... I'd be snapping them up at these prices.
In no way a ramp, just my thoughts.
Its a lot of potential upside to hold back from, when the downside from a raise would probably be negligible (and they have no intentions of doing it)
:)
Thanks Bamps, that answers my previous thread..
Also, based on this :
"At Havieron, infill drilling (within the Inferred Mineral Resource Boundary) designed to support the delivery of
an Indicated Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones has
been completed. The results are in line with expectations and increase confidence in the continuity of the
higher grade mineralisation.
Do we have any idea how many infill holes there have been, in comparison to how many were used for the maiden resource?
If so, and drilling is complete there, can we draw any conclusions from number of holes drilled to estimate roughly how much the resource might increase due to the infill drilling?
I appreciate that would probably be a gross assumption. Just trying to get a handle on what sort of increase we could expect in the (to be) indicated area.
Hi,
Was just reading back through the MRE RNS from December, and re-read this:
· 2021 Growth Drilling: Growth drilling programme in calendar year 2021 will focus on the extension and definition of the South Eastern Crescent and Breccia, North West Crescent, Northern Breccia and Eastern Breccia zones adjacent to the current Inferred Resource.
· Infill Drilling Programme: Infill drilling is underway on the top 350 vertical metres of the South Eastern Crescent within the existing resource outline with the aim to define Indicated resources to underpin the proposed Pre-Feasibility Study.
· Early Works Commencement: New camp at Havieron, with accommodation for up to 230 people, is nearly completed, and construction of box cut and decline is expected to commence late 2020 or early 2021, subject to receipt of required approvals.
· Pre-Feasibility Study: A Pre-Feasibility Study for Havieron, including an Indicated Mineral Resource Estimate, is expected is to be delivered by late 2021.
Do you think by the PFS it will be a case of : We have x amount indicated resource (from infill) plus x amount inferred from the growth drilling. Therefore by PFS we'll have a big juicy number from all areas of Hav.
Or, do you think any upgrades to the MRE will only take into consideration indicated resources? as it looks like the PFS is 'underpinned' by these?
I guess the question is, in Sept(ish) is the MRE going to reflect indicated plus inferred, or just indicated at the SE Crez and Breccia??
Thanks in advance
he does say in the share talk interview
' Our milestones and what our investors want to see are to monetise italian portfolio, to monetise UK and to use sharia funding routes in order to also cover this opportunity. and thanks to the two months of this year we achieved very important milestones and we are excited to explain what we achieved in the upcoming trading update'
So as long as that's not just poor English - hopefully he has pulled it out of the bag haha.
ZMAC- 50-100 companies onboarded with no working model isn't as critical as - the model works. Which is probably the single most important catalyst to SYME's share price.
Hopefully though- if they're in cahoots with SH they can plan when to actually finalise the securitisation to suit their announcement needs. everythings in place, sign on the dotted line tuesday- announce.
Fingers crossed.
But happy to wait regardless
Agreed. But- pandemic, suspension, bringing a new concept to market, multiple parties being involved etc etc. Things may take longer than expected. Imagine that month we were suspended, a lot of effort went into accounts and trying to get relisted and maybe took away from other activities!?!
Achieving what they have in a year is pretty good I think. Just need to be patient.
Regardless of SH news, look at whats been achieved this year so far. and looking more and more likely that everything is going to plan. guess what Im trying to say is- the bigger picture is amazing- don't pin too much on this RNS and certainly dont sell if its not all signed off. We're in here very early - pre working concept. hopefully we'll all make loads of coin if we sit tight :) whether its next week or in a year.
Putting everything on this RNS only feeds the TW numpties with ammo on it not achieving evrything by next week
If SH securitisation isn't signed off it isn't the end of the world!
A lot of people celebrating like ' 2 days until 5p+'... There's (IMO) a good chance that this trading update will be more of what we've had in the past: An increase in gross originations, and an update of the business that's been completed since the last trading update. (Tradeflow etc)
I of course hope that SH is completed. But need to be realistic that- there's a chance it hasn't been. Here's my logic.
Although the SP has done well post suspension. There was a lot of speculation and conspiracy theories about the company during suspension that was looking like could have had a negative effect on SP. I feel like if AZ had already secured the SH securitisation he before relisting, he would have released it then?? Instead of running the risk of the SP crashing?? Thankfully it didn't.
So, maybe SYME have completed between the relisting and the end of this month??
The 31st March update was announced when the stock relisted. So was scheduled based on whatever was known at that time- not due to a deal that was going to be carried out between relisting and the end of the month. Again if he had that info at relist time why wouldn't he have announced it?? also the stock exchage rules:
The core obligation is set out in DTR 2.2.1: a company must notify the market, through an approved Regulatory Information Service (RIS),AS SOON AS POSSIBLE, of any inside information concerning the company. AIM companies are under a similar obligation, imposed by rule 11 of the AIM rules.
Inside information:
For something to be classed as ‘inside information’, it must:
be likely to have a significant effect on the price of the shares if it were generally available.
There's been plenty of possibility to release an RNS between relisting and now. If SH had been completed surely they would have had to announce it ASAP??
I think the future for SYME is amazing and it doesn't change anything for me - i'll be holding long and strong- SH news or not. sat on 10m lil nuggets. Just think that need to check ourselves and understand that setting up false hope only ends in disappointment.
I pray I'm wrong trust me- just thinking out loud :)