The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
discovery of new 1.7km gold strike in southern area of Blueberry permit returning gold in soil values of up to 17.7g/t Au
Nice!!
Correct! That's what brought this on to my watch list. Dipped my toe in. GLA GF
Agree VM, the vox podcast the other night illustrated that. Some will also be immediately put off by results and £12m loss. Fortunately for us, we have dug a little deeper and see the potential here! GLA GF
Reading the quarterly update hopefully 😀!
Would certainly do no harm to get a follow up! GLA GF
Totally agree Lee, although I said 1bn would shift it so 700m+ would be nice! GLA GF
But I do love this......
"This historic event marks the granting of an Association Licence of a
polymetallic mine in Romania for the first time in 19 years and has been
a learning experience for all the entire team and all stakeholders.
"Our patience and determination have won out, and we now look forward to
implementing our development strategy to recommence production at Baita
Plai in as short timeframe as practicable. We will provide regular
updates of the progress of works at this mine, which we believe will
transform our overall production profile in Romania and the prospects
for the Company generally."
Good work AP 👏👏👏
Yipppeeeee! Not bothered what it does today - the value now unlocked is significant and happy to hold for the long term and the gains that will bring. GLA GF
Forward selling what exactly? That just isn't an option. No conspiracy, just a bureaucratic Rom Gov that moves like a slothe. Trading range is stuck awaiting make or break news and as I've said many times before, the daily volume is a fraction of shares in issue. Will take significant news and volume of 1billion+ to move us with force. Good news is it often lands when folk start to get frustrated! Sit tight......GLA GF.
Now that would be an excusable reason! Let's hope so eh....GF
.......a little annoyed by this. Why have we let the junior take the lead on issuing the RNS and then reacted by issuing the same info 5 hours later. Surely they should have both come out at 7am! Might be a small thing in the grand scheme but still a question of principle to me. At least it answers more explicitly the fund raise. GLA GF
Sardy, are you saying we should have walked on by with some of the opportunities on the table? If so, which ones would you like to have seen Vast pass on? GF
Like?
Depends if you want a whole rat or a big chunk of an elephant. I know what I would prefer!! GF
Yes Pepco, but ANRM are responsible for applying the clauses, conditions, legal framework relating to such licenses. Point being there is a process which must be followed and as we have already seen the ANRM are a gatekeeper and can delay the authority to mine if all is not correct. GLA GF
Huge decision by ANRM - they are responsible for the application of Mining Law! Just because the local MP doesn't mind you building a house extension doesn't mean you can bypass the planning application process does it? GF
Sandy. Completely agree. Romanian mining legislation states "in no more than 30 days from the receipt of the relevant completed documentation". Said documentation was clearly not complete to their satisfaction, so not unreasonable to assume 30 days from re-submission. The ANRM is a government department and like many UK government departments will work to their KPIs regardless of impact. I just hope AP dotted the i's and crossed the T's this time and then maybe, just maybe October 2018 will finally be the month we have all been waiting for! GLA GF
Over the last few sessions is encouraging but means zilch at current levels! Will need to be a billion + to get a sustained breakout and that will only be achieved when........?......?......?...?
If I were AP I would be looking to get that quarterly production and operations update out soonest. Like tomorrow.........I am expecting him to do just that, but hey wtfdik!
Also 3 weeks following Finals so nothing unusual in that and not linked directly to BPPM. Will be a hot topic though, particularly if it doesn't land by then! GLA GF