It seems some people are selling from the general headlines of the covid situation in Western Australia. It would be useful if the company were to clarify if there is any change or impact as a result of the latest situation, our sites are in South Australia which is as it were previously I think.
I am not sure there is much to gain from the soil sample results, they are only for technical reasons to determine a path to identify drilling targets. What is interesting is the mention by CM in the Stockcube interview is they are 'negotiating arrival times for drill rigs'- that to me implies they have identified the drill targets and will communicate to market when sorted the drills on the ground, hopefully very soon- so the 1st act is about to begin, tickets may be in short supply imminently.
Leamington- If the sensible methodology the company is employing bears fruit in identifying an IOCG, then 3 digit sp is achievable in short time frame- there is a big if- however a modest increase in resource should underpin 3p price range as a minimum. I don't see this company continuing in the long term on it's own to the production stage, either it's a joint venture with a major or it's bought out.
Garym- I wrote 'interesting' because I've been observing over the past month or so 250k sells below 2p and wondering who that might be. Just to satisfy my curiosity it'll be interesting to know what MTR had and what they have now, obviously they've doubled tripled their money and have good few warrants in reserve.
Garym- interesting you say that you followed MTR investment into COB, any idea how many they hold and presumably they bought them at the initial offering at 0.67p. we know MetalNRG have reduced below 3% and appears to intents and purposes they out altogether.
I expect that in the next month or so a significant no. of warrants at 2p to be converted, which should provide further cash to target a number of IOCG targets. I think by mid September we will have around 250m shares in circulation.
Richy- hold just over a million also have not intention of selling any until mid/end October. I disagree with you regarding IOCG Target, I think at least one would be included in the drilling programme and may infact be a priority 1st drill.
Come on CM, we need a proper drilling programme, these ambivalent interviews smacks of AIM companies. a professional time table of tasks moving forward is required, after completion of stage 3. Should already have the data to prepare the programme share some details with your investors and also perhaps the board needs to buy a few shares on the open market to instil confidence going forward.
Whilst having no concern, they(management) need to deliver on expectations- they mentioned or allowed Share talk to repeat that 'nothing has changed and soil sample results to given by end of Q2" - we are 4 days into Q3, they do need update the market.