Those grades are also silver equivalent. The actual silver grades are miniscule in comparison. Nothing wrong with UFO grades. What we need now is volume.
The tweet refers to a 'vent' instead of a 'mine' so I suspect this is for the dewatering which they have rnsd about. If this was anything to do with mining that would be a complete curve ball so I don't think it is. Just my opinion
Steve, agreed to a point but we have lots on the go and just need 1 or 2 positive results to come in from either Mexico, Brockman or Han**** to take the SP to the next level of 1.25. At that point a placing with a 20% discount will still be 1p so we'd be heading in the right direction. Agreed, that if we fire blanks on all these then yes of course the placing will be south of 0.5. If you believe in the Iron Ore then whatever happens it is all superficial as Iron Ore is a company maker in its own right and we already know we have it in abundance directly under our feet.
Not what we had all hoped for but far from blanks. Looks to me more like they drilled through several off shoots but more analysis and drilling required. There's plenty of silver close to surface that will be easy enough to get at but for now EH goes on the back burner. Next up, Han**** growth, Brockman start, oh and Mexico results. Han**** alone more than covers the current mcap so for me this is very low risk. Patience is required and will be rewarded.
DA's strategy could be to close down the business, liquidate the assets and return all proceeds to shareholders by way of dividends and we'd still end up blue on Thursday.
Market clearly thinks the strategy is to stay open, plod along until we have burnt all cash and then donate out business to the Heart Foundation, passing all current liabilities to the shareholders.
Exactly. Potential upside massively outweighs the potential downsides.
If you believe in the company, if you believe in the bod and their actions, if you believe in your gut, then
Buy the dip, as they say. If it all goes south from here for what ever reason. Own your decision. I do and I'm in massively here. I've believed in the business for over 18 months and still do to this day.
What people need to remember on days like today or should I say weeks like this week is that 2 of the most 'in the know' people on the planet in terms of ncyt put rather a lot of their own cash into these shares because they are confident where the business is heading. They know better than anyone. What has happened since then. Nothing fundamentally but the SP has plummeted 40p or 17%. What has caused the drop? Quite simply, traders. They sold at the 240 resistance and when the 220 support finally gave way they carried on selling. Here we are at 190 almost. It's just traders doing what traders do.
I am trying to make the most of the opportunity by following the guys who know more than anyone including the market just where this company is heading. Next week they reveal their hand. What you have to ask yourself is 'will the update be taken positively by the market? DA and JM say it will. If so then the 240-250 resistance will be tested again which means people making the most of a 195 buy will be looking to strike a 30% in a very short space of time. This is not advice but just food for thought. I appreciate that the update could be negatively received and the 170 support could just as well be retested. I am trusting DA and JM haven't got hundreds of thousands to just throw away. GLA
Fenix doing well recently. Probably off the back of the recent increase in Iron ore. Any reason why this couldn't be us in a little over 12 months. Crazy potential here.
Due to the uncertainties surrounding covid in recent years we have never been able to see beyond our noses in terms of our future revenue potential. As a result we've never attracted II's in big numbers. I recall 11% being about the highest we got to in the last 2 years. Up until Bio buying in recently it was significantly low numbers overall. The dispute will also have a huge bearing in this imo.
So it leads me to believe that with a strong positive strategy update with a focus on non covid becoming more apparent and how we intend to spend our £100m cash to accomplish said strategy then we could start to see the II's coming back on board. Throw in a positive dispute resolution and things will start to look completely different here. That's the potential this share has.
On the flip side, a rather fruitless update and we can expect to see a decline but as we are already close to cash I see the potential upside here far outweighing the downside. All imo. Trolls, don't feel obliged to reply.
Sonic, a retest of the 200 looked on the cards but with only a few sessions to some highly anticipated set of results and forward guidance, I'm not so sure we'll see 200 again. We'll see soon.