Member Info for Doc83

Talk of dilution, I think LTHs know it's scaremongering. But let's go with it for now.

EEE has spent comfortably less than £10m on drilling. But let's assume they want to drill another 382 holes. So we raise £10m from a market cap of £400m, or about 2.5%!

This isn't some £20m pile of sh1.te company looking to raise £10m for speculative drilling.

Maybe read up on them. They JV’d, gave away 70%! But the partner was responsible for all costs. The share price rocketed like never seen before.

And talk of profit taking, well I’m sure some are. But we are up 7% today, 50% up from last weeks lows, not too shabby!

“ Whether a company issues more shares, or take on a partner, or borrows money will all have a negative effect on the share price if the 'return' is a long time off, which it is likely to be with any mining operation.”

So why did Greatland Gold’s share price soar???

I’m not disappointed with today’s move. But I can understand why initially some might be, given that we did briefly spike to 84p a few weeks back. Also, we have just had a good couple of days, where the SP has risen from as low as 42p, i.e. we’re up 50% since then!

My best guess would now be that we gradually tick up, obviously with some profit taking and dips along the way, with every chance that between now and the next couple of years one of the big boys comes in and takes us out for considerably more than £400m.

Dusty, I’m elated with the MRE result!

But it’s time for you to leave. Completely infatuated with Manlord, you’re just utterly mental. End of.

LOL, Jane who sold 400k shares at 50p to make a point, haha!

“World dominant discovery…”

Oh yes 😬

Playtime, what don’t you like about the Minestarters website? I think it is slick as.

https://minestarters.com/

Proquo has been in complete overdrive the last couple of days. Given his track record, it’s almost an indicator to sell!!!

“ Could well be some large trades that can delay reporting, so we can't say for sure at this stage.”

Sure enough there was. Don’t be surprised if there’s more after market reported. Looks like a couple of big buys that pushed the price up, someone then quickly selling and bringing it back down. However, still an excellent day so far.

"So what is happening here? Today’s volumes are not high and look quite balanced sells to buys , yet we have a 19% rise…. Thoughts?"

Could well be some large trades that can delay reporting, so we can't say for sure at this stage.

"Debt doesn’t seem like an issue until it’s too late generally. MATD don’t have that pressure to service bond holders or a bank.

It puts us in a unique position to start generating cashflow free and clear."

True, MATD doesn't have debt. But that's because they've raised and diluted LTHs into oblivion. So, maybe a unique position. But one starting from 1p rather than 3p because of said raises.

Great to see briefly 60p hit just now.

I'm not a chartist, but that's now a higher high than the one achieved post the dramatic fall in September, and before we then fell back again. Any chartists here to explain if that has any significance?!

57/58p now. FOMO pre MRE perhaps...

"Who will need to raise first Matd or Touchstone."

I've been as negative as any (and right), but MATD cannot raise again before the next AGM which is way into next year. Unless they call some kind of EGM for it, but I don't think they would/need to anyway. They did their raise and are working on their "low cost"/low hanging fruit, i.e. H2 and Gazelle.

Gazelle seems to have paid off. Will be interesting to see what kind of flow rates they achieve for production.

But yes, don't like BS, be it ramping or deramping. And talk of a raise is, currently at least, total BS.

Barnetpeter - give it up. GMET is done, gone.

Yes, so much negativity around the GMET sale, easy to forget how many potentially positive curveballs we could get.

Stockmaiden, they can’t do another raise until the next AGM at least.

12/13 October? Just wondering as the 12th is today.

DocElder, another October recruit!!!