RE: Serious buying4 Oct 2024 17:23
As I've said a number of times the size of resource is important, but not as important as grade, depth, AISC, capital required, time to build etc. We know none of that. For another acquisition to seriously move the sp it will need to be of a similar scale to Beisa. And by that I mean 2x. What will really move the sp is significant funding being secured and utilised to make the significant acquisition. And by that I mean 5x. The reason why this can explode is not the size of the resource, it's the claim that dilution will be insignificant, if at all, when growing and exploiting the resource. No point having 4m oz RESOURCE (not RESERVES), if you can't mine it profitably and constantly needing to raise and borrow. Just ask the dreamers over at HUM.
My advice, stop worrying about the daily movements and JBs social media f@rts. SP will go up and down by 5-10% very easily due to it being a highly speculative micro cap and easily manipulated (by investors and MMs). You got £250k traded yesterday and the sp YoYos by up to 20%.
This is highly speculative. But it's certainly one of the best I've seen for a while. Very exciting. I'm confident they will deliver on what has been said, but you folks with weaker constitutions need to brace yourself for weeks, maybe even months, of delays. GLA