The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Yes I just hope when the news comes and if it is good it is well received. We are heading into summer after a year of lockdown people can now travel a bit and i can see the markets being much quieter in a few weeks time.
@Jack yes maybe, but yes the people like blytheway are their PR people (who don't seem to be doing much PR) since 10th of May. A little tardy to talk about delays at a lab almost 1 months ago and then not update again even if to say there are issues.
I know they don't like updating unless they have news as often stated by Big Tim.
The Crux interviewer is like a terrier. One of the big issues for ORR from watching the interview again, it seemed from that interview Tim can't really put a value on the core assets yet. Which I guess is understandable until all the drilling results are done. But even some of the none core stuff he was like "well I'm not going to say we spent x therefore it is worth Y"
Could sense that irked the interviewer a bit as they are investors too. Like us we want to know what a real value of the business is since most of us think it is undervalued (otherwise we wouldn't be invested) unlike like that Galaxy001 idiot on Twitter!
He did say come back to us when you know a bit more so would like to see that happen again. Might email those guys and see if they can tee another one up. Although they may tell me to bu55er off since i'm not in their investment club!
Yes quality is what is needed. Watched the Crux interview again last night to rally my thoughts going into another week. Cameroon is certainly the jewel in the so called crown, like we all know. So excited to see what the Assays bring.
NB though with what we potentially have in Senegal compared with the neighbours in the region, this alone should push our market cap well beyond where we are now. However we may see some delaying tactics from IAMG on making results public or dragging out the work a bit all part of the games.
I'll be sleeping tonight like a kid before Christmas morning. Essentially I've been doing that Barr Friday nights and Saturdays for the last 2 weeks. This delay (or at least as i perceive it to be) might be helpful in the long run as it should nudge us closer to the Senegal results too.
Quote: Thanks lads it’s obvious, I’ve traded this one from the JB selling days. I’m not selling now though this is the time to hold long, all the hurdles have been jumped period. It’s so obvious. Good luck everyone.
Tim, you've had more flip flops with this share than Mahatma Gandhi had in his entire lifetime!
Yep market cap under £13m bargain! The market is a cruel mistress and she wants Assays, then she will want to see what's coming out of Senegal. I hope by that stage we are on our way to at least 3 - 4p otherwise it will be Beans on Toast in our house for a while!!
Let's face it is a bit frustrating, we'll do this by this date and then ......... it's going to be later. My frustration is just impatience.
I cannot begin to understand the complexities of the tasks they are involved in. However, from running my own little business in a few countries i know how tricky it gets for me and things don't go always go to timetable.
Have said this before before but the big de-risk for me was the trade flow acquisition due to the due diligence that would have been done on all sides.
So later it is!
Hey guys some interesting dialogue last night cheers for the read! some real life lessons shared in there, which is why i like this BB vs some others I'm on. I'll not go into SYME or AMGO at the moment!
I don't think it is beyond the realms of madness to nudge the PR company to ping an update RNS out if we don't see anything by 07am Monday. Of course they are under no obligation to do so.
That said we had an RNS end of march which stated "visible gold" was identified in the cores going to the lab. so we know stuff has been going to the lab since mid march or so. Therefore expecting some results end of May isn't beyond the realms of possibility even with the lab delays factored in.
However, if their strategy is to wait until they have everything, I'm cool with that but again it wouldn't hurt for them to say "we're going to wait until we have all the results back" or the lab isn't going to give us this in batches they are sending it all at once. ETC.
I have a decent wedge in here, and 75% of it is long term hold 25% is a punt on the results which are imminent (we can call it my gambling money) some of it will get pulled out of this regardless of results good / bad as it was only meant to be short term. It could get pulled out plus or minus 50% or other numbers!
The long term stuff will stay long term since it is based on a longer view across all the assets, I still think we are under valued just based on what we have in Senegal alone, without the Turkish & Egyptian assets factored in. Cameroon us just a bunch of licences we hold until Assays prove wat is there.
Call me foolish for gambling some short term but then all this investing malarkey in AIM is a calculated gamble of sorts, eh?
Good luck all, I'm sure news is coming soon and everyone will be happy..... the devil finds work for idle hands!
I can imagine if they do read these boards it will be quite entertaining for them all :o)
And I will reaffirm why I invested this BOD is a good experienced and knowledgeable team, that is ultimately where my trust AND money sits!
Needing steel balls to hang on this one. Honestly I'm going to let the week flow by now. If we don't hear anything by a Mon 07am RNS. I'm going to email the PR company and politely ask them to stick an update out. Obviously they don't have them (or have just got them) but they ain't going to hang onto them if they do. So i think we all know that. however, a little update like the one on 10 May does no one any harm eh. Q2 is slipping away fast now.
Ha Kutzz 2 weeks, I can remember being at 1.9 and almost £20k up how long ago was that my old china? Hope the sea is calm where you are these days. Going to hit 41oC in my part of the world on Thus / Friday so heading to the pool retreat to work from there for those two days. If the Assays come I might have to pull a sickie and raise a Tuborg or Baltika or two as they drink in these parts.
Yeah likewise guitarman. I can't complain I have a decent holding here anyhow. I just need ORR to have good assays any day now and then i can shuffle a bit more across. But either way if it flies it flies, been a long time waiting. Without ramping i don't think it is if, rather than when. I appreciate there is still a lot of education to go in the sector to get the concept out there but that will trickle then flow then grow.
In some ways I am kind of (selfishly) hoping there is no news for a few weeks. I know I am running out of time since results and AGM are due in next few weeks.
The reason I don't want news is to add some more SYME at these prices. The tradeflow deal for me was a watershed moment. Both companies would (should) have employed outside counsel to do extensive due diligence on each others business, meaning for the Tradeflow guys to commit to being absorbed into SYME being a successful company in their own right is a MASSIVE de-risk of SYME for me. So if it is good enough for TF guys it is good enough for me to sit tight. It also seems to be good enough for TW since he's been quiet on Twitter lately about the SYME fraud!
So I should have some fresh funds in 10 days and they will be going in here regardless of the price. I just prefer to buy at these prices - Selfishly!!
Hey lethal,
I hear you. First hole reported 31 March and then an update 10 May to say the lab had issues but back to full functioning capacity.
Was feeling a bit restless myself and was going to drop a note to their PR people Blytheway but then thought I'll give it another week so it gives them a chance to update us with anything. Rather than looking like an impatient PI.
I need to shuffle some money out of this stock by a certain date, ideally would be after news Good or indeed not so good.
But it will get to a point where I need to cut my holding a bit to release some funds for other activities. I'll be very peeved if I cut and then the news comes a day or two later!
It could be this too, I'm trying to work out where Thor's sites are
https://www.globenewswire.com/news-release/2021/06/01/2239367/0/en/Thor-Announces-Continuing-Positive-Results-From-RC-Infill-Drilling-at-Makosa-Tail-Prospect-Senegal.html
The old saying "there's gold in dem hills," and it seems ot be all around where we are in Senegal, we just got to make sure there's gold in our dirt otherwise it won't matter so much.
This is what they are probably alluding too.....
https://themarketherald.com.au/chesser-resources-asxchz-intersects-15-5g-t-gold-from-diamba-sud-2021-05-31/
We could see a decent uptick this week before RNS news anyhow, gold is rising on weak US dollar and global inflation concerns
News on Assays imminent, investment conference last week. If they were persuading institutions to invest it might be worthwhile placing some investment before the results and then more after.
Even for those taking a gamble this is a decent trading punt for a fairly short term hold. What's not to like?