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East Star Resources 5,000m Gold assays this week? Drilling completed last November. Perfect timing with Gold rising close and maybe even past $1,900 this week. Perfect storm with a squeeze?
That’s not exactly the fault of Andrew Bell though and it sounds like you are suggesting that…he’s maybe jam tomorrow on many projects but blame cannot be attributed when it’s out of someone’s control….we all know it’s close from the information on line - time to raise the funds and list I’d suggest
We can chat in a year, but there is going to be so many swings between now and then.
IF and yes its a big IF as he's not secured it yet, but IF the DRC funds come in of $7.5-10m then just image the share price between now and a year. More cash than the market cap plus the quality projects.
Elephant Oil is listing shortly and within 6 months that will be worth something of value.
Hopefully Lithium is producing this month in Zim...but a year is too long to make snap judgements for me.
GL
several times from 0.3/4 range as others have stated over the last few weeks.
Gold:
Victoria, Australia JV with POW metals and drilling now. Look at ECR, Fosterville South and other companies in Victoria on good assays. Gold rises and this project alone will be significant whatever you think of Mr Bell, and you can be assured Paul Johnson at POW Metals will promote the assays and push the IPO process or even do a deal for Red Rocks stake. There is significant value.
Gold:
Kenya - https://www.rrrplc.com/projects-and-investments/gold/migori-gold-project/#:~:text=Red%20Rock%20is%20exploring%20the%20Migori%20gold%20belt,resource%20in%20Kenya%20held%20in%20two%20exploration%20licenses.
JORC resource. Again regardless of your thoughts on Mr Bell this is a real project that in a rising Gold price will attact attention both from investors in RRR and other companies looking for a deal or to IPO
Timing is everything in the markets. Gold is $1,840 and we all hope its rising to $1,900 soon enough - projections for 2023 are higher.
0.3 is the price. GL
That's the sensible answer for sure and all makes sense.
However I've been in the city and around brokers when certain market makers pop up on a small cap that shouldn't and often news or concerted buying pressure breaks the back of the share prices. Ive seen it numerous times. I'm not going to name names of the MM's but games go on and its been told to me they usually drag the price down knowing the Directors will accept stock in a discounted capital raise.
It is interesting that you've managed to pick up 18m shares and someone I know has picked up over 10m under 0.3 but I don't see the sells to help with that stock.
Also you have leveraged companies that will give a position against their book - all we need is news from the DRC, Elephant Oil and an update on Kenya, not drilling commitment until DRC funds (Gold rising), maybe an RNS reminding investors of the resource and size and good Gold assays from Australia this month and it will go a lot higher than 0.3 imo.
Mr Bells cryptic message in the telegram group was interesting. I wonder if he's travelling again soon and that maybe a sign if its to the DRC.
Brainspark...it is often when you are most frustrated with a ceo and share price that you get the nicest spikes., good luck!
Wont matter if the DRC funds are confirmed.
I know of another longerterm buyer who took 3m during the Christmas period under 0.3. I'm actually surprised the market has given this much stock. Any news and the MM's maybe short.
Elephant Oil this week or next now New Year is past and they can book the funds without investors being on holiday?!
Looks to me like we have a preset buyer at 0.3 and the market is searching for stock.GLuck!
Once he signs, AB will be offered fantastic opportunities for Copper, Cobalt and Lithium in the DRC.
Any concerted pressure and the shorts will have to close - their hope of the company being in a poor financial status is now at an end and they will need to close - could be quickly and fun on an RNS or two imo!
Can people here advise on the company and technology.
Ive noticed the share price pullback and the raises at 25p (nominal value) have taken my investor at 12/13p despite the lack of liquidity.
I don't yet understand the market cap, potential technology/sales, balance sheet, burn rate and what the company needs to achieve to get investors interested to buy stock.
Any links to corporate presentations and communications would be great. I started to watch one but lost interest very quickly.
Why does the company need £20m+?
lithium assay RNS due next week?
Assays due early/mid January - I'm very excited for Panther early 2023!
Just the value of Panther Australia & Fulcrum will give Panther UK significant firepower to drill and assay throughout 23 and make discoveries which major mining companies will be watching closely - plus supportive TR1 and HNW investors from Si Capital at 5.5p upwards
Stephen do you buy stock on market or is that not your mo?
Are you not personally interested in buying RRR at 0.3p?
The RNS has made it clear the company will have £4.3m cash at the end of December and driving business and revenues into cash flow positive'.
The cost base is considerably down.
Revenue over £3m and growing - significant margins to cover all costs.
The Director put in £250k at the last raise of 25p - only interest in driving the revenues, margins, cash positive as stated in the RNS.
Anyone selling at these levels is selling at a loss and once the company RNS's cash flow positive the price will run past the 10p+ price it did in October on a small squeeze of stock imo.
Payment was made in October…basically we are close to breakeven! 4.5p is a great price to buy…company is stable, revenue generative and growing on the £3m….when the RNS is announced stating officially cash flow positive the price won’t be in the 4-5p range in my opinion.
Specific questions for the board please.
There are too many back and forth personal comments between posters to get serious analysis.
Can you summarize or better still give a detailed analysis why it is high risk at 3.5-4p or even overvalued?
Thank you
Gold assays due this week? 5,000m drilling.
Looks a squeeze from 3p with limited traders/flippers stock available and investors buying before January Rare Earths assays - a-lot of news-flow over the coming 3-4 weeks and leveraged traders will probably start buying before results
https://youtu.be/BzaJo7feTc8
Good watch and passionate CEO with owning stock. Looks like someone to support and will be successful. No
Risk of dilution under 5p I’d suggest and probably higher.
I see a lot of posts on here backwards and forwards with limited sense to the company and whether they have stability, growth and whether it’s a good level to invest.
I and a few others are looking to buy and would appreciate an understanding why it’s a good price to buy in or not (dsaf).
Watched the results from 3 weeks ago: https://youtu.be/LOXx7J9ct7Y
Jag Grewal comments:
‘Sit now in a very exciting position…We are a cash generative profitable business with very big growth potential’
Margin over 65% for September, backlog of orders and Chinese order in December £650k
Asking a broker this week their comment was….’with the company going on record to advise they have £6.5m cash on the balance sheet I would suggest they are funded and no need for a capital raise so 3.4-4p is a good level to build a position’.
£6.5m cash in the bank
Market cap £8/9m
Can posters advise specific reasons why Omega Diagnostics are not a buy at this level below 4p and the ones that do can you advise what’s holding you back from buying below 4p?
Last time the price was 0.3 it ran to 1.2p….if you are a new shareholder at 0.3 he may just deliver nicely - buy when the market panics and people are emotional…makes sense at this price even to understandable negative posters I’m sure!
GL