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Interesting post and thread on Twitter, on copper inventories globally. Nice to have those increasing copper credits at Hav.
https://twitter.com/giannikov/status/1583745392684171264?s=46&t=zRpDwW5mwjHONSeczktHXA
Agree Zoros - don't really think there will be much price rise due to shorts closing. As I have said, hope am wrong.
As much as I really want the shorts to close and see the SP rise, it really wouldn't surprise me they will close out with much manipulation in play to avoid them paying too high a price, thus a small rise could only happen. I am not that confident we will see a large rise that a number of posters on this board suggest will happen. (I hope am wrong). I have been here for a large number of years and a couple of years with Avacta - a similar popular PI board with some shorts closing and only little rise. For the mid to long term all PI investors need to focus on the fundamentals and the potential. If you are happy with them, then that's the main thing. GLA
to be fair bottom feeder if you have been proactive on your research, there have been plenty of clues. But they have set the timeline of science day for news. Have to be patient. AS has stated previously that data will be realised as one when all the facts are know via RNS.
Waiting for the UT - Doggy
Ace - Gold is up today because of the weaker dollar. Silver is still down almost 11% YTD, due a bounce.
apologies - "trials."
AS - "Hi everyone, great to have you all at our brand new (expensive) offices. So things aren't going that great in the trails, but the new furniture is good don't you think." Surely can't be - can it - to be fair its AIM. Fingers crossed for all concerned, patients, staff and ourselves.
have to laugh, my friends reunited comparison post to some of the conversations this afternoon has been removed. What a surprise. Onwards
have been holding onto them since 2011, let's see.
There will be many debates today, which is what this BB is all about, no issues at all. I am taking one thing away, why would you go through this process with the FDA (the single largest gov. authority which could drive incredible value to Avacta), if your clinical findings to date were not positive.
Just out of interest, are we likely to receive the official decision to mine accompanying the BFS?
As a LTH and been on this board for a number of years, I know there are a number of shareholders not happy with today's RNS. Yes it would have been nice for PI's to been able to take part and not let the shorter get away with a very nice profit, however agree with Damers, he has moved quickly since last week's call. I have no doubt we needed some liquidity to go hand in hand with future debt financing with the bank(s). He did mention it previously that some type of fund raising would happen. Markets like certainty and a clear path set out. Secure the financing now, shorters get out and off we go again. Not ideal I know but I don't think he had a choice. Also remember we have an extra 5% now. GLA.
Final point to add, NCM confirmation of the 6.5m gold eqv MRE is a welcome piece of news which should not be underestimated. Fair play to SD and his team placing some heat on the NCM team to confirm that. Onwards to a year end updated MRE of circa 8.5 - 9.5m gold eqv.
Antigua - I think the decline progress in actual numbers would have been off limits. I would have thought SD could only comment in actual depth if NCM had declared it, which they didn't. But agree the funding question surely was the obvious one. If he was prepared to offer 85 million back in March he must surely have his books in order. My only concern is that interest rates across the world have gone up since then, so it maybe a little more expensive now to us. At the same time I would like to think the banks like the idea of 30% now and not 25%.
I think what is interesting to note, whilst many of us thought NCM would take up the 5%, JPM continued to grow the short. They do know more that probably any of us on this board at what is going on. SD funding news and JPM closing some of the short at least, must surely signal a recovery in the sp.
Thank you TT and LA, much appreciated.
Antigua - I asked the same question to the board a few weeks ago. GGP's updated MRE this year was for drilling up until mid Dec 2021, I believe. Will NCM announce an updated MRE based up until end of June 2022 - or wishful thinking. Thoughts anyone?
Ok thanks Kieffy. I would very much doubt 10 million - according to SD we have 6.5 equivalent. 10 months of drilling increased the resource equivalent of 2.1 back then, so for 6.5 months extra drilling- maybe another 1.3m, thus pushing close to 8m could be possible.
Kieffy - just to clarify, given your statement below, we will have 6.5 months of further drilling from the cut off date GGP used to work out their upgraded version. Have I got that right?