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This is nothing to do with AIM or corruption. It's purely a computational algorithm that looks at the low, mid, high price etc and the logic behind the scenes tries to decide if it's a buy or sell. In certain scenarios tends to happen more often but I'm not writing paragraphs and paragraphs for what is essentially available by DYOR.
My educated guess would be 6-12 months before a positive next stage move. There has already been a once in a generation gold asset realised in this area. This area is likely to be the golden crown and I think it might just blow away that current mine I don't wish to mention.
There are many hurdles ahead but the spending power of those onboard means production will likely be fast tracked as a statement to the opposition companies. Muscles have been previously flexed in terms of how quickly things can be put into production despite the barriers they had to contend with.
With that in mind, I think the spot light will shine brightly on these guys and the infrastructure required will be put in place in record time. The key moment in terms of investment is the point at which the Infra starts being built. If your not in at that point, a big curve is about to happen and rather than big nuggets in your dealing account, you can scrape up the monkey nuts!
Lets say 30-50000 metres of drilling - as you can see, way to go yet. But once that sort of average drilling has been completed and the results are in AND they are satisfactory, we'll see some feasibility data and planning kick in. These things take time - patience is key.
Iomart is a strong company.. Don't be fooled by minor details. The landscape has changed dramatically. Have faith in the new CEO, fresh blood has new tricks up their sleeve. Watch this space - I suspect cost cutting, re-organisation and an overall emphasis on first class support. This is not a one trick pony - they are resilient and adaptive to change.
I watch patiently for the next phase in their race.
It's all rather insignificant - drill results is where we're at. When they drop - it's game on. Apparently the drilling is away from previous high drilling grade areas. So what can we take from this? If these forthcoming grades amount to something significant - well that means we have a vast area of golden nuggets. H1 2021 assays are where the significance lies - if those come out good, well we have an absolutely huge area of golden rainbows and that's where everyone wants to be - is it not?
I forgot to put it in my outlook calendar - only jumped on for the last 10 mins so didn't really gain anything I didn't already know.
Well I got my wish of a sub 80p buy - didn't see that coming
LSE will never be able to stamp out the multiple account crew that talk to themselves on the boards - it's technically impossible . After all - this site is still running on legacy classic asp code, so what's the chances of anything wonderful running on the back end logging IP's against account logins. And even if it was, what about large organisations coming out of single IP with like 500 users behind it.
It is quite confusing making this statement "Again holders stick to your guns and do not fall into the rampers trap gla"
Tymers - please enlighten me as to the "Rampers Trap"? I'm all ears
Tymers - why don't you post to the threads in question rather than cluttering up the board with new threads?
At the end of the day, we have a company that was established 31 years ago and it's going to do everything in it's power to remain in business. Yes we have a new CEO - what does everyone think he came into the business not to take into consideration the best interests of the business ? After all who pays his salary - there maybe two big players onboard for one game, but what about a potential game 2, 3 or 4?
I couldn't careless for many of the comments on here today - I bet my house on this that I have more money at stake in this company than most of you do and I remain confident throughout all the short term chatter. If your a truly clued up private investor, you don't make investments hoping to gain worthwhile amounts of profit in the short term. Crickey, If I had listened to all the short term chatter about Lloyds back in 08/09 I would have never invested. But guess what - I did and patiently waited years to realise the profit.
Everyone seems to think they can chuck 10k in this week and in 2 months time pull back out 30 or 40k. This is the gold mining business - get real !
I know - reading todays threads and posts has got a little ridiculous. I think some people need to take time out - perhaps go and pay the Mr's some attention, chill out, crack open a bottle of wine or be like me and drink some of the weighty stuff.
If your emotionally involved - sell up and do us all a favour :-p Clearly some people are getting too involved with this. It's quite simple, if your patient and if you completely understand this business - sit back and relax, be confident in your decision to throw money at this. If your not confident right now - that's fine, cut your losses and walk away.
Yup it is wearing quite thin now - if you cant bring anything to the table, probably best to say nothing. Too much short term chatter going on right now which doesn't see beyond tomorrow afternoon let alone next month!
Thanks to referring to some of us as "idiots" Jimmy. We'll see....................
Certainly is a lot of posters on here with a bee in their bonnet. I don't think anyone is seeing the bigger picture.
Quite simply - OMI does not revolve around Anza. Or to put it another way - do you expect OMI to sit on their hands whilst another company explores Anza and do nothing? Does Newmont or any other Mining company sit there concentrating on one target at a time?
Look at the bigger picture - these guys are being strategic and are far from one trick ponies. Also who's to say they didn't have another target lined up for exploration? Things are not always as you anticipate and I genuinely believe the story could be more than just Anza.
It was indeed killjoy ;-)
Not sure - but both posts used a single word with the meaning "fail to do or complete something as a result of fear or lack of confidence". Oh well not to worry :-) Someone didn't like the word I used - I'll use a better one next time.
Well that's a first - 2 of my posts deleted today which I feel were well within the T&C's. Quite funny the amount of posts you read that should be deleted for contravening the T&C's yet they stay up. Either that or someone with an agenda doesn't like what I have to say.
The first time I bought in at around 6.5p a few years ago - month on month afterwards the price kept going down. My 6k ended up at 3k and I must admit despite my research I was starting to question myself. Also on two occasions I lost confidence in my own judgement and after sitting on a paper loss for so long I sold a batch of shares as soon as I was in profit, albeit just a few hundred in profit. I should have kept those shares because now 18-24 months later, look at where we are - I'd have been holding in excess of 700,000 shares right now. Instead I'm holding a few 100,000 less which even at the current price equates to a significant amount of profit.
My words of wisdom - when the price starts moving up day on day by at least 25%, it's too late to buy in. Don't get spiked - sit tight whilst everyone is piling in and pick your moment when the dust is settling. I know easier said than done - and even recently when I thought the bottom had been reached I bought more and it went further down. What's important is being happy with the price you've paid and quantifying the future value with a realistic target on returns.
Enjoy 7-10% losses per day? Firstly nobody has lost anything unless they sell at a loss. Secondly the price today, next week or next month is not all that important to me. However, from a top up perspective or for a new investors entry point - we have great value right now.