Member Info for Edhellas

Bassala needs at least two more rounds of drilling before pat can start looking at feasibility studies, will probably be 2-3 years in the making by the time everything's completed and they've secured funding.

In the meantime though we have Labola which is much further ahead, an MRE this winter would make my year. Hopefully no issues with the local govt like we have in India.

Bassala will be worth it's weight in gold in a couple of years I'm sure.

This will be week 6 since the RNS for Bassala.
My ETA was 4-8, looks like we're in that range now.

Keep in mind that Bassala isn't close to an MRE yet, it will require further drilling next year.
Not expecting the Bassala results to affect the SP much.

Labola on the other hand though, good results could lead to an MRE, that's when takeoff begins.

Some nice results there. We are still a ways off on Kalaka but nice to see it progressing smoothly.

I see them at 42p

Called it! Don't expect quick results with PAT. Just top up during these dips.

The bill itself doesn't affect us, it's positive sentiment but doesn't mean we'll get any money. It'll be nice if they also rescind the one from this year, but I wouldn't expect it anytime soon.

That bill has nothing to do with PAT. It's the MMDR2021 bill that screwed us over. Unless they decide to remove that and pay compensation, this news has no effect on us.

Labola drilling should finish in the next few weeks. It'll take several weeks after that for lab results, then several weeks after that for an MRE if it's even coming. Don't expect an MRE until q4 or q1 or you'll be disappointed.

More opportunity to get cheap shares!

I'm waiting to see the price at the end of the month, might top if it keeps going down.

I think they're all true, but we disagree on the timing perhaps :)

Must be patient with anything on AIM

Be careful with ST, he's often overly keen. I believe in the company too, but there's a limit to how optimistic one should be when investing.

Drilling will probably finish very soon, but it'll take 1-2 months for lab results, and the maiden resource estimate won't be calculated until sometime after that.

I'm guessing q4 2021 / q1 2022 for the MRE at the earliest. Bare in mind that the MRE relies on the drilling confirming that the historical work is accurate. If it's not accurate, the MRE will take significantly longer.

If you read the RNS for Labola there is some other work that needs to be done to turn it into a resource, not just this drilling.

Think we'll get enough drilling at Bassala next year for a resource estimate?

Correct. Nothing important.

Share might drag it's heels for a while until the Labola drilling finishes and the MRE is announced. Hopefully it won't take too long for them to prepare it.

I see a couple more trades since then on other websites but not much.

That's correct. The maiden resource estimate won't release as soon as the drilling finishes, it'll take a little time to produce.

I'd guess late August or September time to be honest.

Want to point out that GGP are down since they announced their MRE, they announced their MRE 10th December and the share price went from 33p to 30p that day and peaked at 37p in December. Currently sitting at only 18p, though their market cap is about £720m. If we could get 1/4 of their current mcap I'd be delighted, though can certainly see us getting more than that in the long term as our other projects develop.

Only thing I've noticed is Tweet from Share_Talk last night. I'm worried this is another false start, but it is giving me hope because it's nice to see how quickly it can rise. My average is 30.3p for 60,000 shares.

This sharp rise today has been good for my stress levels!