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Really interested to see the upcoming drilling plans shaped by Newmont. I wonder whether they will drill test multiple targets and want to test other parts of the licence not yet mentioned by OMI. No doubt we will get some detail and commentary from Newmont, Phase 1 will be triggered and confidence will be bk. We will get a lot of drilling for a few million $$$ If u believe, just hold for something tangible and don’t let short term movements affect why u interested peeps. A swing from 6.2 to 7.9 in a few hours is crazy! Need balls to buy and hold with any serious money!! Ha
Thanks for this. Seems exciting what Newmont could start to prove up and establish then. I knew their interest was based upon technical assumptions they must of made about how prospective the area could be. Uruguay seems a bit of a side show to me, a current liability at present. I hope they don’t waste our cash down there and any solution is funded via a 3rd party
With 70 holes already drilled at APTA . I think there must be a good understanding of the deposit by now for Newmont to enter. Why did they pick us? And not any number of the other 12+ finds listed in the same area (as per omi recent presentation)? Are we the next Buriticá ? Who knows. A AIM share is a gamble all round for sure, but Fully funded for at least 2 years, I know where I am putting my chips! Just need to buy more, but timing is everything. I think Newmont will be around for at least phase 1 of funding, so I am not too worried about the short term fluctuations Good luck all.
Exactly! People have a tendency to get over excited. PI’s get shafted time and time again on the AIM. - speaking from experience
Remember this is a £55m company with the SP at .35p it tells u all u need to know about the disastrous history of the company for PI’s. just be careful and don’t over expose yourself , look what happened to BPC. I have taken a very small position today and looking forward to the ride
Yes it has gone very quiet and this is often the time to quietly buy! - I just can’t see many other AIM shares that are quite in this position, completely de-risked. If anyone is a gambler on the AIM then this is the share to buy, not a binary bet, as these will go wrong most of the time. BPC was being pumped by the many and clearly there was a lack of understanding about how secure the underpining of the share price was. With the US regulation change and established business already, I can’t see what could ‘bring us down’ - any thoughts please? I can clearly see how we could go up, but would welcome thoughts on how we could go down! Cheers Colin
Am I missing something here, with a 60% stake by Jim Mellon why hasn’t this company been taken private by now? Does any know if he has tired in the last 20 odd years . Otherwise looks like a good bet Cheers Colin
I am liking the market reaction and all is pointing the right way, but Am I missing some here? All they have done is agree to give the construction of the plant to CGCG - this was a given anyway once they were involved . I wouldn’t get too excited until we have full funding or government approval.
Future to this, I think the re-rate didn’t happen because the consultant only secured upto 30% of the funding. We either need government approval or 100% funding on good terms to see this one fly. I have a small holding here as it’s one of those exciting AIM shares, although nothing is certain. GCM have no cash, but a jorc resource. Without the resource established I wouldn’t of invested. One to watch. Egg