Member Info for lptuf93

Nothing other than anglo involvement. We aren't a distressed seller - quite the opposite. Anglo get to look at everything & can give us an offer - we don't need to accept it though. Sirius didn't have that luxury (not that I know much about them other than takeover).

Anyway, we are doing our own thing and we've got a lot to look forward too.

Would prefer cash tbh but I aimagine if we did get a buyout it'd be split, similar to Kiwara-FQM deal.

Close to Hole 5 results, then Fwiji intercepts.

Not in CCZ but that's misleading. They've drilled in their license in Perth and have had good intersections. Their m/c is mostly based on their Australian acreage. Let's keep things reasonable on this board.

To keep it in perspective, they did state Lumwana Copper mine was quite advanced hence why $8bn was offered. Sentinel was relatively early stage so more likely we'll be in the sentinel range of transactions if things continue to go well.

Hope some of you are tuning in on Wednesday. I'm expecting drills results before then anyway. I know it's going to be a cracking week.

I'm very confident about this one but tbh if you have a target that's been hit, I'd derisk. Having a strategy and sticking to it is the right thing to do 9 times out of 10.

Possibly mentioned in one of their presentations, but the drilling at Cheyeza East + follow up work is hopefully going to result in a resource figure?

Why haven't we heard about results yet considering they started in Jan? How long does it take? If COVID has slowed the process they should atleast let the market know when they might be due to come in.
Poor comms from the management.

Took 25k before the end of play, can you see is moving back up now that finals are out of the way. Surprised we haven't heard on the drilling front. Hopefully won't be waiting much longer.

Initial analysis expected in 2-3 weeks followed by further analysis in 4-6weeks.

I guess they're gunna announce initial and further analysis together as it's been ~4weeks?

Are you actually serious? Demand has fallen by atleast 10mm bopd and you think between Saudi and Russia 23mm bopd production they can take off 10mm bopd? You're living in a fantasy world if you believe what he says.

2% copper over those strikes - very decent!

Pace of contracts relating to coronavirus is seemingly relentless

Yes, give me a link or what's your username?

Source?

Trading often happens both within and outside the advertised spread. Check trading over the past couple of weeks on other illiquid stocks like LOGP. Could name so many on AIM where this happens.

Anyway, I hope you find the answers you're looking for.

Meant MMs, not brokers

Exactly. When there's low liquidity the advertised spread is usally quite wide for example let's say 2.2-2.6. If you log in and put in dummy buys/sells, it'll probably be tighter in most cases. In many instances the actual spread could be something like 2.25-2.4, so a trade exectued at 2.4 bang in the middle of the advertised spread could be reported by LSE as a sell even though it's not. Happens reasonably often. Also there's a reporting delay in LSE from live trading (not surprising considering it's a free platform) so when there's a lot of volume price is quite volatile both up and down. Best way to check is dummy trading or if you have access to L2 and know what brokers are sitting on bid/ask side.

I don't understand how people can't follow your logic, thought you nailed it pwooly... when its either extreme of liquidities, often buys and sells are misreported.

PVR need to place then all the focus is solely on a deal...