Good update along with more than a hint that they've begun drilling at bibemi
Missed the conversation about rmm earlier. The point being is that rmm is a resource underground, which is expensive to mine and then move, whereas here the mineral is shallow, which is cheaper as an open pit. Just scoop and process.
I did notice that the business impact for Boral is that fly ash is at reduced supply. And that they're expecting a reform of environmental policies in the US. Whether either of these will change the share price at sres is debatable.
Given that there has been a few warrant exercises, I looked through the accounts this morning. There were two lots that needed to be exercised soon, the 9090909, which had an expiry date 19.02.21, and have been taken up, and 3250000 with an expiry date 18.02.21, of which 750,000 and 500,000 have been taken up, leaving 2,000,000, which I think are three of the share trades today. The next nearest date is 17857143 on the 24.08.21. If I'm right about the three trades today then there are 68107143 warrants outstanding, at prices up to 0.28
I'd expect news to flow after the rainy season begins as that will be the time that results will gradually come through. That time might add more strength to the share price.
Don't forget the 2200m at Thani Stratex Djibouti with intersections of up to 15.00m grading 4.08g with their first program completed in Dec, and their second program ongoing for 2600m. It's only 11.8% but that could equal the current mc in time.
I expect the first results from djibouti within 2 weeks. Who knows when the results from iamgold will come through.
I see that they've changed the projects from for sale to available to joint venture.
Although his price prediction is optimistic, I have to say that ggp only recently produced their initial resource estimate after a few years of drilling but that didn't stop their share price from good gains.
My take is that they don't know the assay results and have deliberately put a dampener on things. It might be while they secure the licences. Or it might be that they don't know the market rules, but their broker ought to advise them.
Yeah
Merry Christmas to everyone, including pc who I hope is delaying my present for the new year.
I slept in and have now seen the news, which is a positive step forward. Fingers crossed that lots of news is lined up.
My thoughts are that both pc and the broker are trying hard to keep sres under wraps, including releasing the rns in the middle of the day, and I think that they're doing this as the broker gets to keep their fees and pc gets the management service fees to help support tym, so that they don't want to see the company bought out, but they don't seem to promote it properly. Another issue is that the rns says the company is dependent on equity fundraising. Isn't it about time that they sustained the company by selling products.
I see exactly why he wrote such a nob nube. There's a lot of rubbish in there to hide a certain bit of text.
He was obviously paid by the hour for writing that rns.
I think that brexit is weighing on the market. I have funds to top up when the dust settles.
It always moves fast until a bad rns turns up.
What? Soo oooooo oooooo oooooo oooooo oooooon.
I think that what's frustrating is that both times the share price has taken off recently then pc issued negative news to push it back down. It was as if he was deliberately trashing the share price. I know that pc has a bad reputation but you would think that he'd be able to deliver once.