Member Info for Doog58

Deepverge will re-rate very soon.
There's a tidal wave of news which even a seller can't hold back.
When it goes it could be rapid.
I've been patiently waiting for 18 months and I'll patiently wait for all long as it takes.
Inexorable

Molopo is key for me.
The cores are magnetic which is strongly suggesting Nickel.
If this proves correct then the whole project which is Pow becomes when and not if.

Trying to chase the SP by trading in and out is very unlikely to work in the medium term.
I've tried in the past and almost invariably buy back higher.!
Rmm will be much higher in 2 years time and any patient holders will be wealthier.
It's really that simple.

Does anyone know how long the leverage is for.
Presumably a higher rate will be negotiated at the end , assuming copper continues to increase.

Other things I gleaned.
Definitely have one and possible 2 drill targets now.
A3 will determine if the second one is in A.
B, C and D now being explored to see if there's an even better target.
Deal with Spectrum to tie in Cas and his team.
A tidal wave of money is heading into exploration and Kav are positioning themselves to benefit.
3 independent experts from around the world were used to confirm results are promising.
A was least favoured target and was primarily used to calibrate the equipment.
They were not expecting to make such a significant find.
Drilling will start as soon as the surveying has identified the vest prospects.
All in a very good couple of Rns's.

D220
A drilling campaign is now inevitable .
I suspect it will be an extensive one and a JV is a distinct possibility

I topped up Thursday,Friday and Money.
Mightingly tempted again.
Nothings guaranteed but this looks a pretty sure fire turnaround success.
It wasn't a basket case before just caught in a bad place by a set of circumstances.
Chances to really change one's financial position don't come up very often.
I genuinely believe this is one of those opportunities.

I thought it was a very understated Rns but you don't get 3 further opinions unless you're pretty excited by the results .
The head of the EM co, Cas also seems very excited.
Patience will be very rewarding.

LittleWing
My understanding is that AA would need to pay more if they wanted the whole thing.
That is also what John Cornford wrote in Feb, I think.
It would make little sense to bother drilling Footrot etc if there was no benefit beyond 2 Mt.

Littlewing
I thought he clearly said the 2mt was just Racecourse.
If Footrot and other porphries are found then they are additional and we are talking big.

Just listened.
Colin is expecting grades to be averaging high 3's to low 4's.
This means we will need to drill minimum of 16000m and up to 20000m to prove up 2mt.
Porphyry extends in all directions.
We need special rigs to drill down to 1500m.
He's confident but only way to prove is drilling, hence the raise.
Also other targets within Racecourse for other porphries.
AA drilled one hole in Footrot which went straight into pyritre(Fe).
Colin is suggesting drilling to the side which should find the chalcopyrite(Cu)
2mt in Racecourse plus other porphries plus Footrot.

Nobody likes a placing but this is largely to prove up the 2mt which then puts 80% at 40p (John Cornford).
Let's face it a year to get there is not long and the rewards must be worth a few bumps along the way.

'But I am, of course, only talking of Xtract’s Racecourse prospect, which is side-lining its others. These include its adjacent Bushranger licences (which are not part of the AA buy-back agreement) and its Africa projects which are on the verge of generating cash (though small beer compared with Racecourse’s potential)'

This is a from John Cornford article in Masterinvestor.
25th Jan 2021.

Remember last night's close was an inflated UT.
Accounting for that we pretty much level or slightly up.
My reading is that results will be much better than anticipated and we're significantly higher as a result.
The copper is bring mined and it gets ever more valuable.
That's fundamental.

It's also a vote of confidence.
Nobody trolls a bad share!

As I said yesterday Paul said a few weeks ago that shares are the only things people don't buy in a sale, saying he wished he could buy more.
Now he's allowed to he's put his money where his mouth is!

You know it's a good share when the trolling starts!

I like the Xtract area being described as the Bushranger discovery.
The electrification of everything will be the story of the next 30 years.
Once Covid is under control, global warming is going to take centre stage.
It's hard being patient but we will be rewarded.
This is Colin' s legacy.

Sale time!!

Told you it was sake time.
PJ just helped himself to another 500k!!