Member Info for grahamwickens

the problem I guess is finding one with deep enough pockets to be able to fund the 100's of millions needed to develop a new mine. Most will look to buy mothballed mines first that already have most of the infrastructure in place.

almost feels like a concerted effort to depress the price . . . but for what reason; to enable a fairly cheap take-over or to allow instits to get in on the cheap ????

Hi Shiner,
Marlborogh were big buyers early last year and I think got in at around 2.5 / 3p if you check the small cap / nano cap fund prospectuses on their website you should be able to find their current holdings - I'm a little out of date with them now as the contact I had their there has left.

NAI and dyor etc but the right time to get into this stock if you don't mind a little risk - it's another of Sprott's, not listed in the UK but can be bought through HL etc. I'm in but only for £3K atm.

https://www.moneyshow.com/articles/tptp2021-55828/top-picks-2021-erdene-resource-development-erd/

I expect thats the time not the sp

I don't think that information is available due to the number of different projects and differing splits for each - I certainly don't think its ever been published and the board on adv*n uses an 'assumed' prill split to work out the value.

Company home page updated to 0 (zero) weeks left!!

Because that would be tantamount to releasing the news and they aren't really allowed to do that - be patient its only a few days and I'm sure we'll be updated soon.

I'd prefer they left any news regards 1st pour until the 4th anyway as news released either just before Christmas or between Christmas and New Year tends to get a very muted reaction in the share price as traders and many PIs are still on holiday. Let's start the new year with positive news.

Nothing wrong with wanting to eat cake today; life is short and TLOU is a time hoover.

I appreciate he probably doesn't need to complete negotiations until he needs to use the funds (I seem to recall next March) however there would be absolutely nothing wrong with him issuing an operations update and stating that all is on track regards the funding and that he expects it to be completed to schedule (whatever that schedule might be).

At the end of the day, this company is a MILLION MILES away from making any money let alone any profit. I have some sympathy with the BOD in that so much of what they need to achieve is out of their hand and dependent on the decisions made within governmental bodies or bodies influenced by the government of a corrupt, 3rd world country however there is no room for sentiment in investing. This however isn't investing, it is gambling and each of us has to set the price at which we want to take the bet; the bet that some morsel of news will be released to drive the price up, albeit as history shows only for a temporary period of time, but for long enough to allow a sell at a profit. My buy price is 2p. If it doesn't get that low then it doesn't matter, nothing lost but on new 2p could result in a sell at 4p and a 100% profit works for me even if it is risky.

First gold pour is just symbolic; they wont be into regular production until end Q1 '21 however I seem to recall him saying that they had 14K tonnes at surface which at an assumed 9g per tonne is pretty good as a symbol.

What's not to like is the fact that the share price has completely stagnated partially as a result of the directors selling and partially as a result that I fear that this is its ceiling for 6 months until it is able to start reporting audited results - maybe we'll get some more info this evening on the webinar - I'm happy with my current investment but won't be adding to it until after first pour.

I think its a safe assumption that SOME on this board have been holders for less than 3 months, I've been trading for 30 years and for much of that time have thought in daily increments; and for much of that time have lost money. I no longer do that . .

The problem is that most PIs think about the SP on a daily basis whereas other types of investors think about things in 3, 6 or 12 monthly increments. I think if you leave LSE and come back in 6 months you'll really be pleased with the SP - looking at it daily is just frustrating.

I guess it depends on the offer

Depends which stock exchange you buy through, not needed if you buy on AIM, also you can still buy on TSX without one but definitely better to have one from a tax perspective.

W88-BEN also applies to Canadian stocks

Understand that absolutely Dogberry however larger institutions are Investors not Gamblers and expect to see a return (profit) on their investment. If the only way they can realise a profit is to sell the underlying investment then it kind of defeats the object of the investment. Following their current strategy this BOD must understand that they will never attract proper institutional investors until they pay a divi and consequently will be at the behest of PIs and their relatively short term objectives.

For anyone interested there is quite an active discussion regards PUR on the US/Canadian site Stockhouse dot com.