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Which is exactly why I am in the 3 shares he mentions, Disco12! Added more to one of the et al's today, and already up 5%.
Trek: thanks for your post. If I had read your posts before I never would have got myself into my PXC 'hole', but I can almost touch the blue. ALL is sound too, with funding to production. Not saying any more, as it's a PXC board.
If I had more funds, I would top up. My last was at 24.33. All cash tied up in PXC, GCAT, TXP and ALL. All I think are ready to go. Once one of them behaves, I will diversify. Behaves for me ifor PXC means into production at Empire at a minimum.
Exactly, reading between the lines. They know they will raise the cash, but not is a hurry. Just getting on with the job. I agree, as soon as (positive) news lands, you won't be able to buy a bean.
Coldspy, was sure, but looked again. Time was 09:35 @ 0.85555 - not sure now. Sorry! Not ramping it deramping - just watching. :-))
Posting this for those that don't use Telegram for PXC: a truly excellent forum for PXC. This from DP re Zach & David. Self explanatory. "No, Zach is very enthusiatic and extremely good but his family live a few hours from Mackay and as we start moving into production it makes sense to have someone who is permanently on site. Zach knows the geology inside out and he'll continue to play an important role. I'm attaching a map showing where Mackay is and where the Centerra molybdenum mine where David worked previously. So he has the expertise and is locally resident, which is better for him, better for us and very good for community relations, underlying that the company is committed to using local people and providers wherever possible." The map is on TG. Not all TG groups are the same, just like here on LSE.
5 .5 million buy just through.
Quote from Donald Pond today on Telegram: "This is a good appointment, but worth mentioning that Zach is remaining involved. We are building a team capable of moving the company into production.".
That's my reading of it too - whether announced or not, PXC know they have/will secure the crucial non-dilutive finance. The CFO said it was progressing but delayed (in autumn) and that 2023 would be transformational. I'm not worried at all about the permit - it's in the bag. Copper deficit, China opening (albeit with a Covid problem that their population will suffer), inflation peaking, even gold/silver looking g good). Through a 2023 recession I can see huge EV structures being built near where I live (Broxden, Perth, Scotland), and this will be replicated around the world. EV sales rising rapidly (I've owned one for 5 years - for me, there is no going back).
sajy: thanks for this. I'm watching PXC closely for obvious reasons. Can I ask the source of the rumour? Officially, all I know is our CFO says we are progressing, but delayed, which could/would fit with early 2023 announcement, and this would fit with 2023 being a transformational year.
'if I had sold some on the way down'
100,000 & 70,000 buys today, the 100,000 @ 28p. Someone know something? Much as I liked today's RNS, I think we already know excellent resource in terms of grades and quantity, as well as polymetal. It's the finance I'm really wanting news over. However, I've been buying in the low 20s too, to lower average. Sitting on 360 000 shares with 3p to go till in profit. In the end, I hope this dip & Trek's trading tips will work out for the best. I think I could gave been in profit now if I sold some on the way d OJ wn - just too scared news landed re finance!
At 10p a share, I would be happy to outsource any favours chopsing might require, especially with his/hers so obvious pent up frustration. At 4p a share, I can retire 2-3 years earlier.
Gold is doing rather well, and projected to improve further. With central banks/countries buying. I think the Kili economic model is sound.
DP comment on Telegram: "Again, very good grades from the surface, and these holes are all about finding representative ore for ATS testing. Without getting too technical, we've got 4 different skarns at Empire, and are trying to find out about blending them for processing. But 2% copper from the surface is fantastic, and that interval of 7g/t of gold is very intriguing. That doesn't happen by accident."
From the RNS, sounds like ATS going to plan.
Lowest form of wit. I'm not sure you'll have any takers. 1-2p is my guess.
Not interested one bit in 'just one RNS'. So much negativity! Remember:
1. There is no need to wait for funding confirmation. Some folk have been brilliant at making an issue out of thin air.
2. Gold is doing rather well, and is likely to do so in 2023.
3. The resource at Kili is going to go significantly up, and the 2 (yep, 2) lenders know the 2000 oz per month will be hit.
4. VR is basically a few metres from Kili - minimal CAPEX. It's huge.
5. TZ is another asset not priced in.
6. GCAT have their own rigs & labs.
I'm sitting back and waiting. 6-12-24 months and things will look very different. I'm on a paper 'break even' with a large holding (for me), and am very happy with my INVESTMENT in this near future mid-tier gold producer.
GLA.
I miss him too, but you advised diazepam, and now he doesn't write... :-((
CleverThoughts, I'm going to go with your first guess, as I think you are right: it will be sub 50p tomorrow.
CleverThoughts (aka drip seller. 'to lower the share price'): please read Trek's post from 16:02 yesterday re funding. It's a done deal with 2 very legitimate companies who have done proper, 1st hand, DD. RPdard reply also worth reading.
Bebeto: please read Trek's post from 16:02 today re the RNS you want. It makes sense & you know this, as do we all.