The future has so much potential it’s unreal.....this could be a huge find and gold seems to be everywhere. The more Gold closer together the cheaper to mine ....let’s get that JV signed and start progressing to mining as per the JV
Lots going on behind the scenes....we could do with an RNS with an update...potential time scales would be helpful now that the due diligence holes have been done and accepted.
Surely needs to start a slow re-rate over the next few weeks (hopefully not months) until the wet JV signature is done and then we can beat the year highs to a more sensible valuation of 20-30m
I agree why cant people just let us enjoy your success as the SP drifted while waiting for news as I agree news has been slow coming but the company has NEVER been this close to a JV and the million oz of gold. Even if only 1 million oz of gold with this partner and based in Ireland then this will 10 bag over the next year maximum....im under water just about here as not sold a bean but averaged down!
The wide zones of gold mineralisation, up to 100 metres, and the results of structural studies indicate the potential for both high tonnage and high overall gold content in the Clay Lake target.
Morrison’s getting bought out - private equity want good companies. I’ll turn will come before the end of the year. Interest will pick up from funds once mining license confirmed anyday now....let the re rate begin
Just gone though...once the herd arrives on mining license news all way through to low cost production costs this will have a beautiful re-rate into the teens
After Fridays RNS I thought this week would have been good....unless we have an RNS tomorrow its been a damp squid. Oh well....another day/week closer to the licesne
Firmed up balance sheet to negotiate from a position of strength for what is a relative small amount of finance needed to get into production for a large hundreds of millions of pounds. It’s within our grasp once the ML is confirmed and 10p is tagged.
but thats the most buys ive seen for a while...still soaking up the financing shares at 33p but the next news could be explosive here and take us beyond 45p and the year high in a short period of time
Could be on a good run towards the end of the week but the mining license could drop any day now with the inevitable rerate that will follow. The new Tanzania President is pro business and pro mining I have posted the link to the article previously. Low capex to get into production....everything is lined up nicely once the ML lands
Thanks for posting that from TMS it’s a great up to date summary. I’m excited about the rest of the year and what We will do.....it’s taken a long time to get here but will be worth the wait