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Yeah I expect he is taking a large chunk to trade, if I remember correctly I'm sure he was on the board at some point too
Well it looks like the warrant conversions have dried up, I believe there are still warrants out there but not many now and clearly in the hands of people with no appetite to exercise them at the moment. Seems loaded and ready for a rise now. Interesting times
Looks like we could have a nice little march into close. This could get very interesting the next few weeks with warrants running dry, drill results, re-estimate on the JORC, great leadership and the potential of the company on two fronts gold and copper. All for a ridiculously low market cap.
Some big sells, could see a rns mid next week confirming warrant position, I expect there isnt alot left now seeing in December 60% had been exercised.
Wasnt expecting that nice bit of news
I dont think your far wrong treetop. It also be that people know now there are so few left that the warrant holders won't be able to hold back the rise this time with conversions, meaning with good news we could it over 2p and after being there for 5 days the accelerator clause will come into play for the remaining 1p warrants meaning exercise them of lose them. Dont forget the batch of 1.5p warrants are due to expire april / may time so with a good rise we may see some of those being converted before they are lost. Either way we will know in the coming weeks as results filter through.
You know earlier when I said PJ investing makes me cautious, well topsharepicks turning up really concerns me.... known pumper
Alot of tweeting by rock about the copper plays at the moment, might see another drill there in short term firming up both fronts at the same time. More then one string to this bow
The key to value is what we have here today is vastly undervalued in my opinion. We more firming up of what's there plus the extra bonus of the copper plays then I think a conservative take over value would be 50-60mil especially if good grades keep developing at shallower depth then mount wright. Remember there are a number of processing plants in the area so those companies have the logistics (albeit they may need an increase in capacity) to realistically make this an attractive take over target. But then this is the wild west of aim where anything can happen.
Tom nothings changed mate people are just away chasing other rainbows as they cant seem to invest for more then 5 minutes. The sniff of a good result on the first drills that come back and the herd will arrive and the dynamic here will change massively. If your happy with the fundermentals here then nothings changed, if anything they have only got better. Its peaks and troughs and and never nice looking at a loss, however thats the game and its not a loss unless you sell.
I'm not disappointed really. Good news giving more support to the price and hopefully more money from the warrants which is beneficial. Hopefully plans being made behind the scenes to catapult us into a further round of drilling.
Even GDP would have started as holes in the ground...
Those 1p warrants will now be in very short supply, over 60% had already been exercised before xmas. They wont last for ever then nothing can hold this back. Good thing is they are converting a lot lower then previously so must be confident of a return.
Once again some quality leadership from DP, drill ahead of schedule and within budget. Interest should start pouring back in on anticipation of another good set of results.
I think 2p will be a minor sticking point this time as the majority of warrants are now cleared and there was a clear move last time to stop the accerlator clause coming into play. They cant do that forever and with a few days of high trading volumes a run up to 3p plus is more then achievable imho. This still remains extremely undervalued at the moment, that's with out the further news flow expected
The drop was way over done after the last round of drilling. Feel sorry for those who panic sold as they dont understand investing means holding on more then a few weeks. Fundermentals never changed just got better
Tbh I'd be very suprised if there is more then 25 million of the 1p warrants kicking about now which means with a bit if liquidity this week could make for a very interesting time next week and onwards leading into results
Also added to my holding as that rns signalled the bottom for me
Hopefully that rns and the recommencment of drilling will bring the adults back to this board and we can have some constructive chat to drown out the recent infestation of trolls
No one likes being under water but that's the game some times.