The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Off NGM’s site. Suggests news rich period once back: Next steps
In March 2021, NGM commenced the first of two drilling campaigns across the JET area, with a view to expanding the existing JORC Inferred resource and establishing a larger JET. This is an intensive programme that will run for several months and aims to expand both JORC Inferred resource and JET with 40 holes, some to a depth of 400 m. The programme will include RC drilling, diamond core drilling and in-hole electromatic surveys. It is anticipated that drilling will exceed 11,000m in total.
Good stuff. No one's looking for a quick 10% here, a rarity.
Absolute tosh, they were mining and producing. They even had a sodding website to sell the sapphires! Revisionist history here, David Irving would be proud!!! Relephant posted during those days about how opaque they were about the quality of the sapphires and quantity.
Tanzania is irrelevant. I am talking about the Australian diamond asset. Even the acquisition was dodgy. Quite telling the bag holders are being deliberately obtuse and not recognising BO presided over the Aussie fiasco which was entirely the BOD’s own doing. https://www.google.co.uk/amp/s/masterinvestor.co.uk/commodities/a-peculiar-pattern-of-private-deals-at-richland-resources/amp/
He remained after Tanzania when they had the Australian asset. That was a disaster under his watch when they failed to meet production targets and had to get bailed out with director loans then bucket shop placings.
Slowly slowly..
Added magic mushrooms to the investment policy. Read the recent announcements for more info.
CEO’s credentials are worthless. Ran RLD into the ground. Ran off to Mustang, did nothing there and came crawling back for this gold caper.
Good thing is they’ve been through the process recently so will be old hands at this now. The promotion and bookbuild for the RTO was pitch perfect. Amazing it raced away from the 6p placing price to 50p
Nice one. Time to tuck these away and await the multi-bags
Doesn’t work like that with a bed and ISA. It’ll be a minimal spread if you tell your broker to B&I it. Tiny spread and the buy and sell are done seconds apart.
Difficult to know about SP, all depends on valuation of target and placing. You’d hope around IPO level bare minimum but ideally some uplift for pre-RTO holders.
If it’s paired trades (I.e same quantity within a few seconds) most likely an ISA/SIPP transfer.
It’s a CLN In EST’s favour so what’s the issue if it’s in their favour? Wonder if David Minchin joins the board…
Primed for a great Q4 assuming they relist quickly.
Hope no one got cucked into selling by Doc Holiday. Lots of interesting stuff on the target. Had a look at the shareholder list from 2020 and now. Interesting let’s say…
Lol a Gild Goonie is rattled