Sounds like it’s closed early, oversubscribed I guess? Hopefully those that find out their entitlement has been reduced on Monday, might contemplate buying in the open market.
i have placed an order with hargreaves lansdowne. called ig and they were not sure if their custodian would allow customers to partake and awaiting a response. will be ****ed off if they don’t.
Ed, I think you will find in the recent RNS that they are drilling up to 10/15m. This is where they expect to hit hard rock and much deeper than the 1.5m done with hand augers. How far inland they need to come to drill this depth and not go below the water table we will have to wait and see. Let’s hope that grades continue to these sort of depths.
All good to see obviously, especially that they are drilling to 10/15 metres with GSMB being on site for the drilling also. It is obvious that they have been drilling for a while so a lot of our fears could have been appeased with better comms sadly.
Dredging below the waterline was never in the initial economics of the project. This was an ancillary option to extend the project. Even if permissioned, this would be some way into the life of mine I believe.
Am wondering if this land access is linked to the Coconut Growing Company they had permission to drill on if my memory serves me right. I am not getting too uptight but believe SH could have been updated far earlier than this.