Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
· Drill hole BRDD-21-017 was completed at a total depth of 621.60m and tested the eastern contact of the porphyry, which has been little drill tested to date, and intersected a 607m interval of visible chalcopyrite mineralisation from a shallow downhole depth of 11m.
Anyone have any thoughts on why there hasn’t been drills to follow up to the east of 17 ?
Only around 6% dilution my reckoning. Some good posters here, but a lot of nonsense also. DYOR
Flabby
It’s the same with solg, ggp and omi - the real gains were when they were all in the pennies- the investors that have jumped on the back of these are in for the long slog. It’s about trying to find the next one - for me that’s XTR. DYOR no recommendation intended. Egg
The question I often ask myself is that will LC ever let the share price flourish if the stated projects deliver? My conclusion is no, there will be placings for years to fund this company and the BOD. That’s one of the many problems for PI
Just a thought. If hole 25 drilled over the top of a system and contained visible traces of copper. Do we think it could get some good gold results from the assays? It may have a gold hayo like racecourse Iceberg thought the new system maybe gold centric. Thoughts anyone? .
I can’t be bothered to waste my time and count them. But 5 raises and 5 delays. Nice One LC, Nov will be no different. By the time the dilution is finished KAT will have no gold. Now I see why you didn’t buy any shares in KAT when you floated it for 5p. Cheers
Just remember when it’s time to talk turkey. If AA try and play hard ball we don’t have to sell then the 20%. They will want that , so that’s our ace up the sleeve to try and get the best price. CB is a dream of a CEO, very likeable to
Know0
Please let me know what I have missed? In their company presentation on their website they forecast $10m annual cash flow for years 2022 and 2023. In the H1 of 2021 they had income of $13.4m. Where did the figure of 175m come from?
Thanks egg
I have a question about the AA buy back. What’s actually do they have a hold on? Just the area we intend to mine and the 2mt? Therefor racecourse is sold back to them. We could retain foot rot and carry on exploration on the rest of the license? Thanks in advance
Thanks all for the info, on here. This share ticks all the boxes for a AIM share.
If AA have a 80% buy-back option at 2mt is there a possibly that the project could be sold without realising the full potential?
Egg
Macca. Keep up the good work. U make me smile everytime I read this thread
To the moon
The clue has always been that LC never purchased any shares himself. Only recently at very small levels . His intention was to dilute PIs until it ends uo under a penny a diamond dill 400m down will require millions to fund. I have sold today. This share is utter crap and I am only at a 15% loss, I. Just don’t see a good outcome here
Well done for holding from the recent lows, obviously that wasn’t the time to sell. I am de-risked some as my ave is 2p and multiple timelines have been missed. Happy to hold though to see what happens