Member Info for Dibs61

I would say this is now reasonably valued at just under £7mc. Perhaps erring slightly undervalued if anything but if I buy back in I’ll be looking to get sub 2p now. Not sure what the cash position is, I’ll check it out over the weekend (if no one else knows)

I realise this is off topic - and it’s the only time I will mention it here but if you want great exposure There are a plethora of interesting Aussie gold micros and juniors on the ASX. I would recommend a bit of research in that area, Kincora, Sultan, Bryah the list goes on and they are all in hot exploration areas with really interesting licences. Not just that but they are NOT expensive some very attractive valuations. I have a decent holding in SLZ:ASX but am looking to widen exposure.

Don’t **** me off just trying to give people other ideas....

ATB and DYOR

I am thinking of loading up further before the suspension but I have a question.

The company is currently valued at just £1.5m MC. Yes they have £1.2m in cash so the EV is just £0.3m (peanuts). However I am wondering how they will raise £6m in cash for a company with a market valuation that’s a fraction of that figure. So won’t the fundraising cause huge dilution? Or could they structure in another way and, if so, how?

Genuine question.

I’m assuming, by the language used in the recent RNS’s that there is a desire to conclude the JV agreement swiftly this time. At least I hope so. Time to crack on with that drilling Prof Conroy!

Buy trades are being held back, delayed from being printied whilst sells are mainly printed instantly. That tells you all you need to know about the current demand supply situation....

They want our shares.

NT to buy anything currently. A little surprised we haven’t had any TR1’s.

Be nice to go into the BH weekend with a blue day and the prospect of two BIG RNS’s next week - hole 2 assays and hole 6 drill results.

Some modest buying interest this morning. Volume slightly up.

IF we don’t have an intraday update on ‘Ole 6 then I will be very surprised if there’s no FOMO this afternoon.

Now now bitcoin play nicely. You were very quick to throw cold water over XTR after your Rampy Rampy routine. Now you’re getting a taste here.

It’s just my view but let’s be a bit more grown up about it.

My view is that Craig was immensely disappointed with the drilling results last year. Baggy Green is a total flop. One decent hole at Clarke- ONE - which he seized upon, he had to....

He was frustrated with the SP and that came out clearly in one of his interviews. Personally I think the guy is ambitious and this is, sorry, a small project, with limited potential. There are far better plays out there in Oz. Lots of good companies competing for your investment.

Gervaise Heddle coming here after an experience like Greatland on his CV? I don’t think so!

No one could accuse them of letting the grass grow under their feet. Really cracking on with this project. Apart from confirmation that drilling of Hole 6 continues the big takeaway from this announcement for me is that they believe that the deposit extends deeper than 1000m - both downplunge and along strike. That would potentially put this find into Cadia rather than Boda category in terms of size. And we all realise now that scale I all important and grade is secondary.

Riskisprofit- quote : ‘and the company they are looking to rto with are an investment banking company’

How do you know this?

Can't see it myself. SP continues to drop almost on a daily basis a penny or two on VERY low volume though. You could call it a 'holding pattern' but a modestly dropping one.

As always you'll get AIM drift on a total lack of any news.

Lukey sentiment is really bad in the market generally today in case you hadn’t noticed.

I now think anyone wanting to make serious money here has to have a longer term horizon (and many currently don’t)

By longer term I mean minimum 6-12 months for Bushranger to reach its fullest value before it’s sold. That’s the horizon I have set myself and I am hunkered down for it. Patience will be required, a lot of it.

I’m not insulting you Malcolm. But in the time you’ve spent posting about it you could’ve found the info you wanted! It just sounded like a tired jibe at the management rather than a genuine enquiry. If you don’t like it sell up.

Malcolm - it’s a strange question because you are clearly just as capable of answering yourself by undertaking a modest amount of research. Why do you expect other people to undertake your research for you? It’s a bit presumptuous if you don’t mind me saying so. And if you really have been in Conroy as long as you claim surely you would have some idea.

DYOR

https://www.kitco.com/commentaries/2021-03-12/Copper-shortage-narrative-goes-mainstream.html

Conclusion:

Conclusion

Piecing everything together, it is obvious that the world copper supply, if it isn yet, will soon be in deep trouble without a push among the large copper miners to find and produce more of the red metal to replace rapidly depleting reserves.

It is a question of basic supply and demand.

Unlike the previous super-cycle, which depended on China, the next structural bull market for commodities will be driven by spending on green energy and transportation, for which copper is a critical ingredient with no substitutes.

As we discovered while researching a recent article, even with a 30% penetration of EVs, a relatively conservative estimate, we need to find another 20 million tonnes of copper per year over 20 years. And we will still need enough copper for all its other uses, in construction wiring & plumbing, infrastructure build outs, electrical grids, energy storage, 5G, etc.

A goal like that is not insurmountable, but it will take major investments in copper exploration, at a scale that has never before been attempted. Any copper junior with a deposit of significant size and grades, will have no problem attracting a major or mid-tier acquirer, that can help finance a future copper mine and bring it to commercial production.

Repeat: Any copper junior with a deposit of significant size and grades, will have no problem attracting a major or mid-tier acquirer, that can help finance a future copper mine and bring it to commercial production.

>> I think CB knew folk would be a bit dissappointed by the grades<<

Really? Who is disappointed by these grades? This is frankly nonsense the grades are fine.

And I disagree they would not have had the results ‘for quite a while’. That is simply not possible under AIM Market Rules. It was market sensitive information and there is a time limit on disclosing such market sensitive information.

I don’t think they’ll appear this afternoon. CB put the last assay RNS out @7am don’t see why this should be different. But the 2nd hold results shouldn’t take as long as the first as there is physically less rock to analyse. So given the 2nd hole finished approximately two weeks after the first and a week has already elapsed since the first I would guess 2nd drill assays could be early next week.

I am puzzled as to the financial value. ‘Multi millions’ could mean anything? It’s just too vague. Of course it’s positive news but it will just leave the market confused as to the value generation. Is it £3m, £5m, £10m? It makes a difference!

It’s great news so sell, quick run for the hills lmao

Andrew you’re correct he did say that yes. However it’s only the overall grade from the first hole. And it maybe that subsequent holes assay results will produce an even more favourable grade for the porphyry system. So we may still get a minimum 0.4%cu equiv (esp if more gold materialises)