Don't get me wrong, this is probably the safest gold stock on aim right now and I personally have a much larger holding in it in comparison.
But the little tiddlers of 10-100m market cap have way more upside compared to a 550m market cap stock.
Of course this is safer and far more advanced but many of us were here at 1.5p when the cap was only 50m. You can't compare this at 15p to back then at 1.5p and other early stage miners.
Just mentioning ECR are getting a lot of money to potentially afford to do their own drilling like IRR.
They have just reported 1075g/t today. Quite incredible!
Gold also up 50 bucks since yesterday. Bull market just getting started...
''In theory as the warrants are all public info should already be factored into the SP.''
Yes it is public info. Not sure why people are suddenly concerned about this.
The fact they are being exercised, converting these into cash is a GOOD thing and as a poster below suggests, we are building up quite a large pot for exploration which significantly strengthens our hand in negotiations with majors, or simply drilling ourselves like IRR have been doing recently (and very successfully at that)
I'd actually rather they went a simliar direction than giving away a huge amount of the interest like GGP did with Newcrest. It makes the upside so much more...
He likely sold a little and was diluted by new shares a little.
He perhaps sold into the rise to 2.6p on Monday to take some cash off. Who cares why anyway? I do not see him as anyone important and like many, will be quite happy to get him off the shareholder register.
Gold is up a good 40 bucks since then and I'm not going to stand in the way of that bull by selling any shares here.
Remember when Beetham sold down around 100m of his shares at 1.6p in ggp and everyone on the forum thought the end was coming. It isn't here either.
I still hold a large amount of GGP but the smart money has been made there from 1-15p. It still has upside but nowhere near as much as this at a 10mill market cap with gold prices at 1900+ with majors moving into the area and even little guys finding gold nuggets at surface.
Very promising interview. It is not common at all for an aim company to turn down extra money from their own broker let alone 4 other brokers. On top turning down deals from majors.
They look like they are in the right place at the right time for their assets along with gold prices going from 1500-1900 recently.
Most other companies on aim just grab what they can, convertable loan notes, cash from anyone, deals with anyone.
In comparison with GGP, they did a deal with Newcrest when the price of gold was 1300 dollars. They are now worth well north of half a billion market cap. With gold now at 1900 bucks and a 9 million market cap, this has mega upside in the coming years. Craig sounds tired of fighting everyone off our assets!
Will likely go up before the next update. Typical sell on news brigade.
IRR and ECR to play with in the meantime.
Paddy - I see you have small position in ECR, would be good to have you on that board too! (and IRR, check results today)
When Novacyt made an announcement a while back, the first day it had a huge rally, the second day was quiet, the third and 4th day it absolutely rocketed.
I think with the news of a II taking a large stake here and perhaps continuing, we could see similar sharp up movement in the coming days.
One thing for sure, many, many eyes are on the price here and many certainly do not want to miss out.
I am certainly a more comfortable holder now we have a very large stakebuilder.
Bull flag forming here. Very bullish chart formation. Will likely see a sharp up move soon, today/tomorrow.
P.s. That was an awful co-ordinated short attack this morning with all of the posters turning up at 5am-9am and the market makers treeshaking the price.
The fact there are big shorts out there and people wanting to buy in that go to such a silly effort makes me more bullish long term....GLA
This looks like it is going to be an astronomical winner.
I can't think of any serious stocks (market cap above £5m) that have had a 400% move up in one day.
I imagine this will tower over the rises in the other covid stocks in the coming days...
Up 340% me too. Missed out on that one.