Member Info for Dibs61

100% it was a buy from price at the time. I’d love to know who the buyer was. It could have been a wealthy individual or perhaps a specialist fund, Willem Middlekoop? It only represents a quarter of one percent of the shares in issue but one would hope they won’t stop there!

My view is that CB has to be responsible and cover all the angles, all the possibilities. I don’t like dilution any more than anybody else but IF the African revenue earning assets don’t come on stream in the expected timeline it’s quite simple, they will need the money. There will undoubtedly be a Phase 3 and it may require more cash than Phase 2.

So I do feel that voting against this resolution is a bet on the African assets producing the goods in the necessary timeframe. Which is a little risky vas history has shown us to expect delays and more delays. Let’s not risk shooting ourselves in the foot. And, as iceberg commented, at 8/9p I’ve personally one bagged at that point and, with the buying momentum behind us, the warrants can be absorbed.

The key thing is they 100% have the cash to develop Bushranger and if that means a warrant issue so be it. I hope it doesn’t come to it and we get the African cash but I’m not convinced until it happens

We were rolling along quite nicely really and then b*oody POLX knocked confidence here. POLX has since recovered almost 100% from its low @ 35p. Meanwhile we’ve barely recovered in comparison so confidence still knocked here. Like I said b*.oody Polarean that’s really got sod all to do with us!

Very galling.

Thanks for your posts Andrew, very interesting as always and you are one of the relatively few posters I seriously take note of. It’s always good to have an exit strategy and I like yours. It makes good sense. That said I am always fluid in my thinking as regards to selling a stock. I am quite happy and comfortable to change my mind on one RNS for example. But I agree with you that I also can’t really see any way that I won’t make a profit here now except perhaps a collapse in the copper price or some kind of natural disaster. It’s quite clear my holding is considerably smaller than yourself. I currently hold just under 2.5 million shares @ average 4.6

The magic million PF figure for me is hit at 36p here. Warren Buffett said that he normally had no more than three stocks in his personal portfolio. My other main holdings now are in POLY and AGL. I don’t have a specific SP target to begin top slicing. I’ll have to think about whether I feel it’s necessary and also the degree of pressure I come under from Mrs Dibs for the new bathroom etc lol

Here it is in black and white from the IP Results Survey RNS 17th May 2021:

“it is planned to commence the Phase 2 drill programme early in the 3rd Quarter of 2021 with the objective of drilling out an Inferred Mineral Resource in excess of 2 million tonnes of contained copper equivalent.”

So there it is. By the end of Phase 2 (and before it had even commenced) the target objective by the company is to deliver an Inferred Mineral Resource in EXCESS of 2 million tonnes of contained Cu equivalent.

Colin sounds very very keen to get stuck into that SE anomaly. So I don’t expect if will be long until we hear something concrete on that. Certain it will form a part of the Phase 2 Part 2 drilling programme. I think if copper mineralisation is confirmed in SE anomaly that could be a massive new SP catalyst. Perhaps a toe dip into Footrot too (pun intended)

All in all could things be more promising? Don’t think so….

Slight hint of sarcasm at the end there Screenlearner! But yes it does feel like we need some momentum. Still too many doubting Thomases…..

I am sure a very bullish Zak CB interview will be forthcoming today. In Phase 1 it was generally those interviews that generated more excitement than the RNS’s.

All they can do is keep providing the evidence and sooner or later the believers are going to outnumber the doubters. It’s becoming practically inevitable. We just have to be patient.

Yes let’s not get our hopes up too high on the SP tomorrow. We’ve witnessed time and again an apathetic response to good announcements. But when will that tipping point arrive? The point when the light bulb is switched on and XTR is in the markets headlights. This is the second set of excellent drill hole assay results. Could this be it? We’ll find out soon enough tomorrow.

Even if it’s not there is a formidable flow of drill and assay news to come in the next few weeks. If it’s not today’s announcement it will be one of the incoming ones for sure. I will be surprised if we haven’t hit double figures by the end of the year.

Joeman - they will certainly not let the grass grow under their feet. They are proceeding with pace and I imagine with the calibre of the team behind him, Colin will already have a broad idea of the next steps. Something we don’t often mention is the considerable experience of this industry Colin possesses.

Ella I don’t agree imo there is an issue to be resolved. The assay results are market sensitive information. All price sensitive information should first be announced to the market via the accepted regulatory route ie.an RNS. Not via any other source regardless of whether that source was embedded within an RNS itself.

CE is on the money. The market has once again completely ignored that the hole 18 results confirm a substantial extension to the west/north west existing inferred resource deposit. And still open to further extension!

Wakey wakey dozey market.

If it is an administrative mistake then they need to address it and release the hole 7 assay results via RNS without any delay.

Colin?

Was this an administrative slip up then, revealing the hole 7 assay results on the drill plan pdf?

If they are the actual assay results - they are good. In conjunction with hole 8 assays - very good.

SL - I f you read the next sentences from the one you have picked out it explains in more detail. You surely read that as well? To help I would suggest that moderate mineralisation is going to be around 0.5 and stronger will be above 0.5

‘Patience will paid’ - makes no grammatical sense. If you can’t even get your thread title correct lol

Olderandwiser I was corrected elsewhere in stating Polarean is a UK company per se. Its listed of course on LSE AIM but Its operations are in fact centred in different locations in the United States, Ohio and North Carolina included. So the reason their application has been rejected is nothing to do with your suggestion of ‘America First’ or nationalism. You might also note there is a different incumbent in the White House now who does not concur with that ideology.

Angle have had to follow a different (de novo) submission route and have already responded in full to the FDA’s AIR. Given Parsortix virtually flawless record in studies and trials throughout the world and their comprehensive body of evidence backing the technology it’s going to have to be something pretty extraordinary for it to be turned down now. Just IMHO.

Since the LOI was signed on the 25th February this year. This is what it said in the RNS:

‘ The parties will carry on discussions for the transaction on an exclusive basis and it is acknowledged by both Conroy Gold and Demir Export that time shall be of the essence in finalising a definitive agreement between the parties.’

Time shall be of the essence eh? You could’ve fooled me. Well you did actually ‘Professor’. You did.

It’s impossible to know what the heck is going on here. The DD drilling was completed on 6th July. THREE months ago. We had no details at all on what that drilling involved, where it happened or, indeed, what the results were. We know there were TWO holes drilled ref the DD. Two holes!! Like Demir are going to make a decision based on TWO holes?

Have Demir got cold feet? Quite possibly. I suspect now the name of the game is to achieve some kind of face saving exit from this farce by both parties. Good luck with that…

Today started off as a continuation of the recent retrace - then began to recover - but now clearly being affected by today’s disastrous news from Polarean. Their FDA NDA has been rejected - SP down up to 60%. What’s that got to do with Angle you say? Well not a lot but it’s another FDA application from a UK company in the diagnostics sector but it is a COMPLETELY different product with a completely different application. But hey it’s an excuse to give investors the colly wobbles and mark the SP down.

In the next three years - and assuming the company sustains its track record of keeping promises- we can expect to see:

Rising production by 12%
Falling AISC
Falling CAPEX

If one also assumes a similar or rising PM prices that can only mean one thing = rising profits.

And what do rising profits bring?