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SD stated the announced data was a 'fraction of a fraction' of what is there. In official reports and presentations it is better IMO to present what can be confirmed as 100% accurate. In addition it is better to report on a staged basis which a PFS is, higher grades in each report. It is most likely that data from February has been held back so that the next (December) PFS will confirm a greater NPV and probably the one after that and so on. This way the progress will have a more beneficial affect on the share price. I'd prefer a consistent, sustained rise in the share price rather than the swings we saw yesterday. IMO The only ones who need to be concerned are the quick money merchants who have no interest in the development of this company. Long term holders will be rewarded but not to 2024 onwards unless they sell early. Even then many will have made a profit.
SD stated the announced data was a 'fraction of a fraction' of what is there. In official reports and presentations it is better IMO to present what can be confirmed as 100% accurate. In addition it is better to report on a staged basis which a PFS is, higher grades in each report. It is most likely that data from February has been held back so that the next (December) PFS will confirm a greater NPV and probably the one after that and so on. This way the progress will have a more beneficial affect on the share price. I'd prefer a consistent, sustained rise in the share price rather than the swings we saw yesterday. IMO The only ones who need to be concerned are the quick money merchants who have no interest in the development of this company. Long term holders will be rewarded but not to 2024 onwards unless they sell early. Even then many will have made a profit.
Jiffy...I believe we have a seat on the Board so any manipulation of the Haveiron figures would amount to collusion. That would be a serious financial matter and most probably illegal but would certainly open possibilities for shareholders to take legal action. I don't think either company would want to be involved in such a potentially PR damming strategy.
Yes heard that and mentioned it earlier. Put the dimensions of this mine into perspective. Its clearly very large and Sandeeps comment (on record) that every drill hits gold is confirmation for me to keep buying. Institutional buyers will be in shortly...perhaps after a couple of more PFS's. Then we will see real confidence and the price go north.
Agree, I was expecting a far larger drop given the early negativity. Nowhere back to 15p and will continue to climb back into the 20p's. The drop was not justifiable except to the speculators who bailed as quickly as they arrived.
Figures in RNS based on a ' fraction of a fraction of the ore body' Excellent interview. Only the speculators after a quick profit have left. Some will have lost money. LtI's will be the winners financially and will see the share price move north before Xmas.
If NCM have the resources capital investment will follow. Management can be bolstered , NCM have plenty of risk appetite and I'm sure the ambition to become one of the worlds leading miners. They seem to be moving at pace on all three resources hence three Pre-Feasibility Studies at the same time.
The boarder line between Mozambican side and Tanzania side is an artificial political line. Geological structures and resource distribution do not work on political boundaries. Unless they are separate gas fields or there is more of the geological structure on the Mozambican side then the resource is one and the same. If there is 200TCf on one side of the border there will be access to the same on the Tanzanian side. I say access as I presume the gas can move side ways to fill voids as its extracted. My understanding is that the Ruvuma basin is one geological structure. It will be interesting to see the results of the seismic surveys. I would suggest that there is more than 6 TCf on the Tanzanian side extractable. Having said that its not my area of expertise so I am happy to be enlightened.
Bamps...don't let it get to you. Your contributions are respected by the vast majority of those on this board. A few have another agenda and IMHO a personality disorder. Easy to criticise , far more constructive and helpful to contribute the research you undertake and offer. Total respect from me my friend.
Monkeydluffy....thanks for the prompt to look at their facebook page. Looking good!
Quote:
'These are busy times here at Rambler Metals and Mining! Our operation continues to grow, and we must expand with it. Here are a few pictures of the latest addition to our site – one of two new office buildings to house our Engineering and Geology Departments.'
Engineering and Geology departments....thinking big for a small mining company! New cranes and ore movers look good.
For those who have not looked at their Facebook page, its worth looking.
Tanzania, I consider myself a long term holder whether forced to be or want to be. I can assure you I have lost a lot over the years and learned the hard way but fortunately learned enough from my losses to recover to where I am now. I stopped trading a few years ago and now hold a small portfolio of investments made after lots of research. Aminex was always a LTI for me. I Just expected financial growth over the period not regression.
MaverickD, .. generally a safe and sound investment tactic to take 50% out on a 100% rise but I'm glad i haven't used that tactic on some of my investments. I didn't take 50% out of my GGP shares bought at just over 1p. and now I'm sitting on a small fortune. Given its a unique investment I should do well over the next 5 years, so you lose some and you win some. Yes, I saw the share hit 7.5p I remember it well because I've got a lot of them and at the time it covered losses on other shares and on paper left me well in profit. Thought I take 50% at 10p which, I really believed on the size of the resource, was going to be achieved. I'm sure we've all been there. I do believe Tanzania will come to its senses and permissions etc given for companies to progress. At the moment potential investors are reluctant to invest in Tanzania because of its track record.
Like you MaverickD I also believe there is the potential for this to be in the teens but politics in Tanzania is such that its difficult to realise that potential. ARA has been on board for a while and still no movement. If I remember correctly didn't the Chinese build the pipeline for the expected gas years ago. Like Crusty I've been here for years with £40k held up, fortunately at just over a 1p, so I may do OK in due course but I never thought for one minute we would be where we are after 5 or 6 years.