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Doc, the only thing that is stated as an obstacle to signing the local paperwork is the provincial government. But it appears to have a good chance of being signed, then all’s good to go. If it was already signed the SP would be up a lot more than 30%.
Buck can’t issue an RNS saying that Heron operations will definitely go ahead, because the provincial gov may block the local. That being said, this is good news because it gives a good chance of operations beginning in the next couple of months. Considering the SP while no permission was imminent, 4.5 - 5p would be fair here.
The price of miners depends on perception. Last BTC rise people thought miners would be hugely profitable. This time the halving is a fear factor.
The problem with this fund is it has too much that will be uneconomical after halving. Should have just bought Bitcoin or microstrategy. I speak for myself - I bought this to reduce risk but missed out.
I bought into this instead of ARB as it’s supposed to be less of a risk. ARB up 20% today. This should definitely be up because all miners are. Am £800 down instead. It also appears to have tracked the rise in miners previously… Has a miner gone bust or something? Holding, and hope it sorts itself out.
It’s been a pleasure reading your honest views Ryan.
It’s sad that Rambler is where it is. So much potential in the copper grades. But the main problem is that profitability was always hit by the transport cost in millions, which fuel prices increased.
I didn’t have much left here because I thought another placing was a risk. Not sure what will happen now.
Will look at HZM!
Thanks
Bertram this is off topic, but more ordnance was dropped on Vietnam than Britain and Germany used in the whole of WW2. By saying how noble America is, you're not so different to a Russian who still believes Putin is just. All countries have their sins. In the 20th century, Britain has atoned for its past, while others have not.
Manro I hope the situation is as was told in the last RNS, and the interviews MB has done. Anything else is speculation. I’d go with WhiteMan’s excellent post below. A realistic view. I hope your long-term interest in Matd pays off.
Manro used to call anyone who didn’t ramp MATD a dog. Manro you say you’re still holding. Fine. The facts are simple. The company went to 9p because of the super potential, but since the oil wasn’t going to be tapped last summer and funding was needed, it was not going to stay at 9p. The raise came when it did. The price would have fallen back whenever the raise came. It was needed abd now we’re in a good position. You’re bitter because you’ve been waiting years and you’re not in profit but just hold on. Looking forward to your optimism coming back.