George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Another excellent RNS from KAV today.
Excellent assay results.
29g/t gold (close to an ounce per tonne) over 2.5m from a depth of just 97.47m & 1.8g/t gold over 1.32m from 214.46m
Drilling hit target shear zone & several other potential shear zones.
Target increased to 1 million ounces to add to the 2 million ounce target at its Nara gold project announced last week.
Looking at near term bulk mining potential.
https://twitter.com/Ben_Turney/status/1779757409218752650
I think we go 7p on or around confirmation and then the Pepas drill takes us into double figures. A lot of money will only commit itself on confirmation and pay the premium for taking that risk out. I'm sure some of us already in will also add more when we get the RNS.
What confirmation does is that it opens up the possibility in people's minds and expectations of this going on a run towards 20p, and then 40p, during the course of the next 12 months, because that is what it has done in the past, and when it moves, it moves quick, and basically just fuels itself. All imo and GLA
OMI is expecting to take back control over its flagship Anza project, hence why it's gone up in recent weeks. RNS confirming the deal expected to land towards end of April, with drilling to commence in May. Anza has produced some world class intercepts in the past. It has a relatively small free float, and tends to make big moves.
It's cheap as chips right now and a strong good candidate to (multi) bag from these lower levels upon confirmation of the deal (April/May) and the drilling programme (May/June). Not many better junior goldies on AIM in terms of potential imho if this deal goes through.
The geopolitics could yet throw a big spanner in the works, but otherwise it's shaping up to be a decent year so far!
Yes, it would be good to hear from BT as to the reasons and confidence behind the increase in the target. And remember this is only Nara. What about Hillside? When you consider the current mcap against the potential here just from the gold, you can see the multibagger potential from these levels. Now imagine if they have any early drilling success at KCB!
I've been noting that PJ is also a big fan and wonder if he has bought in:
https://twitter.com/pauljohnson9691/status/1778675086104441020
Mischief - I have a very similar plan to yours re Hex.
Right now feels like one of those rare periods, where we are almost spoilt for choice when it comes to opportunities in the junior space across a range of commodities. You can see this just from the range of companies being put forward on this private bb. Could turn out to be a very good quarter this?
Agree with Trek on this one. Hex is fully funded - in fact more than fully funded for this drill. So no dilution risk at all. It only has a float of circa 100 million shares (excluding locked in shares). Therefore, once the initial churn is over and it moves, it should move relatively quick. Also fully expect Hex to turn the screw up on the media side of things, something which the CEO did really well when he led He1 into its maiden drill a few years ago - which drill made a few of us a lot of money!!!
Market conditions are a big factor for IPOs. Current market is showing some signs of life after a tough few years, and a good time in that sense for Hex to launch, compared to say 18 months ago. Definitely one to watch and i'll be looking to add as well.
(One thing I am sceptical about, and has nothing to do with Hex, is when companies say their placings were "oversubscribed". A CEO of a company I am once fessed up that these claims are often bs and just said for ramping purposes. So ever since then, I've been a bit cautious whenever I hear them, but I am sure there is way of verifying their accuracy.)
Lol, bit of a bitter ego there Mr Tro. Don't worry, we all know you da man and king of the castle! (Apart from when it comes to KAV, which has only gone up 100% since you first dissed it!)
They are obviously encouraged by what they have seen so far in order to raise the target by that much. Obviously the results will do the talking in the end. Talking of which, I can't wait for these Hillside results to come through now. So much to look forward to in Q2, with KCB drilling likely to commence as well.
I can see the share price continuing its healthy and incremental rise this year and we now have some liquidity coming in as well.
Hi Trek - I'm in agreement with you and made my first buy two days ago with a view to scaling in here. The churn does look orderly and if this pattern continues then I will start to build. I'm NOT expecting this to drop below 10.5p, and am happy to add in the 11s. But with IPOs, you never know.
But fully expecting this to go on a run like He1 did at Tai 1. You would think that the extremely small free float (made even smaller when you consider how many will be in stickier hands) should make for some rapid acceleration when it gets going in the run up to this big Q3 drill.
And DM knows how to sell a story and build some excitement!
I think we are seeing some churn (aka flipping) and as soon as that is done, this should start to move. The reason I suspect this is that the free float is about 100 million (excluding the locked in shares). When you consider how many of these are likely to be in sticky hands, and then look at how many shares have been traded since admission (i.e. the volume/% of the free float), would you not have expected the price to have moved on this volume absent any churning/flipping?
I might be wrong of course and happy to read counter explanations...