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Well as a newish investor, and in any case, how much does the past matter? Nearly all the juniors across AIM have had their share prices decimated in recent years, but that doesn't stop them becoming great opportunities now. For example, before a lot of the current LTH bought OMI, it's share price fell from 13p to 1p. But that didn't then stop it going to 45p!
If BG does get this deal across the line, then all we have to decide is whether that sets this up for another big run this year? The past is irrelevant here, because he was also the CEO when this went on its last big run to 45p.
Some decent large buys in the 5s here today.
PFG - decided to scale back in about two weeks ago. Still hesitant to go all in just yet, but to be honest, the large stake taken by Sheffield and their close contact with CMET does de-risk this, even without LB coming through. But let's see what happens as we get to the final few weeks of this exclusivity period.
Is it possible that Char itself is delaying any update to allow these HNW to complete their buying/selling at these levels. So that when the news lands the runway has been cleared for take off, or to look after these large interests? I know they are waiting for the Rig, and that's the official explanation for the delay, but they are still rather quiet nonetheless and so I just wondered.
You would have thought that there would be more FOMO than this in the run up to what would be a transformational announcement for the company? Maybe the market has endured too many false dawns and delays with CMET, that it now wants to wait for confirmation of the deal, rather than anticipating it beforehand?
I think a lot of us are still building positions and don't mind the lack of noise right now. I took some more on Friday and will continue to scale in here. I am hoping that once the churn is done, the small free float should mean a quickish move up in the coming weeks and months, and in readiness for the drill in Q3. All imo and GLA
Yes, it's probably been all too easy to trade this from 3.8p to 5.5p. This trade is getting riskier though as Bres gets closer to key value drivers and will probably no longer be an option in H2 of 2024.
Am I right in thinking that the DFS is due completion in 2024?
Now we are fully funded for the rest of the year with cornerstone investors and no warrants to endure. Excellent financing again by BT. Great chance of making a copper find with two Rigs on the ground and 5000m of drilling to be done. Certainly mean business here.
I will look to join the BCE party on Monday. Tried to pay an entrance fee of 0.052 but it wasn’t happening.
We know HEX is being churned to let the pre ipo lot out. Once they are done it could move quick as it has a small free float. I’m putting an initial sum in but also holding some back in case.