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When it delisted what was the share price as the recent RNS says 3.75p fundraise so it must have been somewhere about that. I can’t believe we are getting 27p a share now after sale! What’s your thoughts?
Free float. One day this share is going to move back above 100p without even trying hard. Probably early next year now -
For more drilling to firm up, expand the resources etc to facilitate a sale in part or full in 2023 ? I think not …to keep the lights on yes but with wider market turbulence and gold price at current levels more drilling needed. Hopefully the deal will have gone through today to get the cash we need for a bit more drilling
RNS due today or Monday about whether the sale has gone through or extra time needed or whether it’s fallen through and the company has no cash left! This is ripe for a takeover over Q2 2023 once drilling firmed up a bit more
See my earlier posts where I said the time frame was too short to find a buyer. Next key date is the 21st...if the sale doesnt conclude on the 21st then LND will need cash to keep on drilling and to find a buyer into 2023. What a mess,,,,,originally bought in last year so hugely disappointed in how things have progressed in the last 12 months when this company is ooozzzzing potential
If the sale goes through and we get circa £1m then that buys some time for a JV or a buyer to do due diligence. It doesn’t buy more drilling unfortunately so the company needs to tell us what’s happening as I agree with a previous poster that lack of news tend to mean bad news
Make me nervous. EML nearly back at year lows nearly 1 year to the day since the previous last year low. HZM just issued tens of millions of pounds of share at a discount to help fund the mine. We are still waiting for environmental permit here which could it be this year or early next year? World market turbulence knocking all shares including this one
Open at depth and width with more gold! Bring on the next holes result! https://www.londonstockexchange.com/news-article/CGNR/clontibret-drilling-results/15660390
Comms need to improve in this company we have lots to talk about with all the gold and metals and what the plans are….see my previous posts about why I didn’t think a deal would happen just need to wait until it does in 2023!
No prospective buyers at this stage or things are moving more slowly than anticipated hence further raise needed to take us into drilling and costa for next year? With the confirmed Oz plus minerals we have a significant re rate is due but I doubt PRIM are lucky enough to invest and get a return of multiple hundred percent in a matter of months? Do you?
Regardless of what they find or the fact they have a billion dollar JV partner to fund it all to mine ready status the so called ‘market’ seems to mark it down…..jeezzzzzz financially we are in a great position
And 2 drill results of gold under 100m - a great start to the drilling campaign
Whats the calculation to convert it to the old price before the SP changed? How much is 101p in old money as they say?
Good assay results on its way then! Wouldn’t be surprised if the results drop tomorrow now these shares are confirmed! Cynical I know!
Where’s the link please to the data?
Normally takes around 6 weeks to get a result from the lab and it’s 6 weeks from next week so expecting results then! Can’t wait to see how much gold there is as that will kick start this share into action and back towards 40p where it should be for fully funded drills
The initial c. 3,000m drill programme, consisting of eight drill holes, is focused on the Clontibret gold target. The programme has the objective of extending the eastern gold Lodes and the Stockwork gold mineralisation, both of which are open in all directions and to depth. Seven of the drill holes are step-out. One hole is targeting an up-dip gold mineralisation zone.
All of the drill holes are planned to intersect the Stockwork. The drilling is projected to increase the Stockwork gold mineralisation to the northeast and also to extend the depth of the Stockwork.
Three of the drill holes are focused primarily on the eastern Lodes of the Clontibret gold resource, with a view to extending these Lodes to the north. The Board believe that these drill holes also have potential for the discovery of new Lodes.
The drilling will step-out from the known gold mineralisation, in both the Stockwork and eastern Lodes in the deposit, which will further enhance the Company’s technical understanding of the Clontibret gold target.
To a miserable month but the assay results should get this share moving in August!!
And POG heading back up - good news all round
Assets are excellent I agree but monitization is what’s needed to unlock share holder value. It will happen just need to show more patience unless we get lucky of course