As I said - take into account strip ratio (which obviously covers the at depth aspect) and the grades are still poor compared to peers.
Itsall ... Re: share price. Did you notice the share price action and twitter hype that disappeared soon after the post RNs spike? Can you recall the SP frenzy in the scam that was CTAG?
I am aware and I converted accordingly 1ppm = 1g/ton
The amount is all well and good but the strip ratio will not change assuming a consistently distributed asset. Even accounting for the comparative depths etc. the grades are very poor.
Just to clear on my point yesterday GWMO headline figure for Au is 0.137g/t where say ECR released an RNS today that was 17.87g/t, 3.88g/t, 2.42g/t etc.
So the headline figure is 130X larger, hence when people ignore facts about the grades being poor (as they were with the copper) then I baffled.
How did they determine the cut-off ? Seems way lower than peers and magically lower enough for anything they are mining at the time. In the real world I doubt it is economic at those levels. I would be looking for clarification on that asap
How did they determine the cut-off ? Seems way lower than peers and magically lower enough for anything they are mining at the time. In the real world I doubt it is economic at those levels. I would be looking for clarification on that asap
Something in the wings? 13 months of previous revenue booked in first 8 weeks High profile Hollywood stars looking at audioboom to get on to the podcasting train Spotify acquisitions which imply boom is at least 10X under valued.
DJF - Re SONR - you have heard nothing about what is happening with that sector of the company but you inferring (incorrectly imo) that no news is bad news.
I've seen the Spotify rumour and the more I think about it the more I think it's unlikely at this time. Boom have new podcasts (and considering TV shows), are at break even, have the likes of SONR yet to come to fruition. Boom will be worth much more in 6-12 months.
PW, I will bank some, but not yet. Still a way to go imo, and I am not the only one who thinks that given the buys of late. The rumour mill is rife, but I am basing my slicing point on pure metrics not rumour.
PW - they had the same amount of cash after 3 months, hence achieving break even over an average of 3 months. The next set of results will be interesting, however there is very likely to be news before then. Not being invested now is potentially a big risk given M&A activity in the sector imo. The aggressive director buying suddenly stopped, which implies to me that something is brewing.
I don't understand 'locked in'. You can sell at a loss if you believe a stock in not going in the direction you hoped for. So I assume you believe it will recover.
I am intrigued to see what comes next. They have made what appears to be a great turnaround but did not really report anything in the last half regarding new deals and new revenue streams. They are clearly keeping their heads down and letting the numbers talk. I do think however, now they have proved the business that they will start announcing significant news as the SP is a concern for a low ball take over.