RE: DYOR11 Mar 2026 09:56
The depth of your conversation is akin to a 9 year old FBP? Is this the best you've got? You sad fk.
CMRS has already told the market that two rigs are ramping up, with 20 holes planned per month from mid February, and that drilling through H1 is designed to deliver an internal maiden resource by late Q2 and a JORC resource in early Q3 2026.
That JORC will be relatively modest and even if it gets to 4.5p that is where a 38% dilution with warrants can happen. No problem if that is to build out the actual mine into 2027.
The market then starts looking through the maiden resource to what the wider district might hold. That can produce a sharp share price reaction, especially in a stock this small, but it still needs management not to muddy the story with too much acquisition chatter or fresh dilution while Agadir is proving itself. The presentation does explicitly mention an active acquisition strategy alongside the Agadir milestones, so that remains the main thing that could blunt the rerate.
None of t matters to me as I bought in at 1.44p and have averaged up to around 2p. I intend holding for the long term given this wn't be properly up and running until 2028.
In summary FBP doesn't actually know what he s talking about and just wants to be a detractor. You re very welcome. But ultimately no one is interested.