Member Info for Gizzard

No ramp - Fact:

https://www.youtube.com/watch?time_continue=40&v=FtO8xiGt-MM

Central Asia Metals $402M
We're $12M

Similar grades and tonnage - it's a no brainer see video with Mc's assessment.

Sell from 8.41 am

Hopefully starting the uplift.

Chief Executive Officer of Rockfire Resources, David Price commented: "We are delighted to be underway with our much-anticipated drilling at Marengo, which represents the first drilling to ever take place at the One Mile Mountain Prospect. This initial drilling program is focussed entirely on testing "blind" geophysical targets which were identified from gradient array and dipole-dipole induced polarisation sensing techniques. In particular, chargeable anomalies may suggest sulphide mineralisation at around 80m below surface, so we are keen to test if this chargeable response contains gold or copper mineralisation prior to doing any further geophysical work."

A chargeable anomaly surrounded by a resistive response in the geophysics may represent an intrusion with a surrounding alteration halo. Numerous old gold workings occur in close proximity to One Mile Mountain and strong surface geochemistry indicates gold and copper being introduced from somewhere at depth, beneath or close to the mountain. A ground magnetic survey undertaken in August has also helped to pinpoint the targets currently being drilled.

The company will update the market at the conclusion of this initial drilling phase, which is expected to be approximately 10 - 15 days of drilling.

1.5p would give a market cap of approx £80M - 10 times current value, as stated by other posters - other peer companies with similar resource/grades etc have sold for £300M +

Added to the fact that if this mine is up and running it could generate £40/50M revenue per year hence 3rd party interest.

GLA

I'm expecting the NPV to be many multiples of the £7m cap, this one should really be double this level on anticipation of the SS. I'm looking for some impressive NPV and IRR numbers from the SS. As you suggest there could be more mineralisaton downdip and at depth. The infill will be useful to get more into the measured and indicated too. To get proof of model from the re-logging was very +ve not just the 19% increase in tonnage. All at low cost, money well spent. Its good to have a management working efficiently through the process and to get third party interest early on is great too. Its a quality project and with some big numbers. Next week will be exciting.

Suspension would happen pending an announcement that has implications of a buyout/takeover or indeed any other news that effects the status of the company. ASX rules you dictate this. So in answer to your question you would not be able to buy or sell shares during the suspension. Clearly not all news warrants a suspension.

Morning guys, I mentioned suspension yesterday it’s possible at some point. We’ve know the potential size of this ssset for while when LR/MC we’re comparing it to peers 6 months ago. CB knows this too hence his large investment. Executing times indeed.

2000 shares - surely dealing cost is more than this unless they're a frequent trader and no fee.

Listening to the podcast it sounds like the SS will be sometime next week but not Monday.

Going forward if we're approached to be taken over be careful you don't have too much money in that you can't afford to have tied up for a while, because if this is the case we'll be suspended pending an announcement.

Colin Bird won't let this go cheap that's for sure!

No trades for 40 mins?

Obviously previous placing client. The lower it goes the better for adding.

It never ceases to amaze me how fickle AIM is, I'm expecting more funds today and will top up heavily if this crazy price continues. Down on a day like this, there must be forced sellers having to pay for positions on other stocks.
Looking forward to LR's interview later.

Too cheap based on news - don't understand AIM or punters

Don’t get me wrong I’m made up with the progress just wish our value was reflected in the share price, this should be 1p by now compared to other players out their.

Yes but based on this 0.20 should be cheap - so if it’s that amazing why aren’t they at 0.30 +

Strange that this market doesn’t react to good news, looks like they’re waiting for the SS.
Ok small increase in JORC but this is the starter before the main course. All heading in the right direction let’s see how our market reacts.

Will leave till the morning

Are you reducing your top up target from yesterday?

Good news .....I think around 18p before Xmas ..... around 14p would be a benchmark to move up to 18p. ...10 p is a tough nut to crack but not surprising after the super gain we have had. .a pullback would be around 8.9 to give it a breather. ..imo.

Paul Griffith Explains How Co2 Can Be Used in Oil Recovery

**************************************/series/industry-experts/?mediaAssetId=5ba10244a0c2cc0012387fac&jwsource=cl

Superb!