It was worth listening to that again , seems they are determined to get a partner on the gold assets which will fund the coke battery / ovens. With Carl deftly avoiding questions about selling the washed coke once they have it up and running and insisting that they will stockpile for the coke batteries later in the year. Carl in Mali at the moment as he said two weeks in the interview? I think they have a plan (thinking face ) and wonder if they have a gold deal in the offing as they are not looking to raise capital through sales in the short term?
Shouldn't have fallen this far on the update , value buy here , nobody has noticed or are they waiting for the distressed (?) seller to disappear? Should re-rate quickly once buyers start to come in. Never seen a stock fall so much on a slightly negative update but maybe someone was overleveraged?
This poster is what you guys on Twitter call a troll. I have him blocked now. I have spoken to Roland and everything is fine at Cambay. #oex taps on imminent with GOOD pressure as you would expect after a period of dormancy. This poster is clueless on O&G.
The new RC drill will be the game changer , they need to speed up the drilling and size gives more chance of pulling out the nuggety gold . "Sampling Depending on the scale of the sampling you’d like to do, your choice of drill is very important. Diamond drilling is more efficient for precise sampling and analysis, whereas RC drilling is adept at extracting bulk samples.
Speed When it comes to speed, RC drilling is the faster method. It can be less accurate than diamond drilling, though – if a quick turnaround is the priority of the drilling project, then RC drilling may be the better choice. However, for the most accurate results, look to diamond drilling."
CEO is important but the right one is importanter :-)
They always reset with news Armani you should know that . Your post reminded me that a couple of days or so ago that they were happy to take a million shares off people . Whatever I post is legitimate at the time of posting as was your telephone call to the office!
Been trying to work out what happens next but it is too volatile at the moment. Common sense tells me not to fight gravity at the moment , it all depends whether there is something else for them to say that creates a positive storm but makes me think there isn't as they would have combined both as they have had plenty of time to think about it. For the moment it's sit tight and wait for it to consolidate wherever that may be , I think the 3 day rule applies in these cases and will see what Wednesday brings , in the meantime it is a case of what will be will be as some will look at it over the weekend (not on the type of social media we use) and think , well that's ok or vice versa. Expect a see saw in the meantime
RE: Good Morning ECR...... Blue Moon12 Feb 2022 09:00
You missed bucket shop broker bitty ! They need to get the new drill delivered , commissioned and in situ quick smart . I'm not understanding the 20 mill buy yet as Colin has previously 'sniped' the shares which is the sensible way to do it , all will become clear as next week progresses I am sure. They should have at least 18 months worth of cash in the kitty before going to the bucket shop rubbish again but hopefully that option will not be necessary at that point with Bailieston resource being printed and Blue Moon (hopefully) more than doubling down on what has already been identified there. Could see Adam getting dreamy eyed over Queensland lol.
RC drilling if I remember correctly Craig said that the core is less reliable as the RC tends to break them so they are more difficult to assess. However as Adam said they drill bigger holes faster and should/could be less hit and miss than the diamond drilling , yet again the new drill delivery schedule has not been mentioned and more withheld information . Maybe it is arriving next week (won't hold my breath lol) but I wish they would stop playing these effing games with information that shareholders have a right to know. They were going to give the core results on a regular basis and it is strange how under pressure they are able to update the whole lot at once. All credit to Adam for stepping up to the plate and delivering the poor results , notice the looking up to the left and hand on his throat bless him , now it is time to clear the air completely and fess up about the drill. CEO interviews taking place , wonder if Adam has applied ? Nah, too honest lol.
I have this mistrust thing Dan, everything is smoke and mirrors on Aim and it is important to be sensible , will wait and see what the first couple of days next week brings , with bitty buying they wouldn't be too concerned at taking the sells . There may be more Monday as people have time to look and digest the information . Buys and sells can both be a knee jerk reaction , always best to deal with it without emotion.
I will hold my horses before buying the drop, something wrong with that 20 million 'buy' and could yet be deleted , it may not but there was certainly not 20 million turned over at that point and is an excessive amount and above the bid price . Could it turn out to be a short ? It is a lot of money to put out so early in the drop .
Tell me to F O if you like bitty but take your time and don't be greedy as the Russia / Ukraine thing may yet have an impact , think about it over the weekend as something doesn't make sense here, don't forget we have that wonderful bucket shop broker still on board and they don't have a conscience, if there is a Colin RNS all well and good but the no. of shares turned over (reported) doesn't add up either, check it out!
That was an uncomfortable interview for Adam initially , anyway he has cleared the air on the Creswick grades , someone had to do it. Explains what is going on and how drilling is so hit and miss, it is there but where is the frustration, all they need is a run of good luck now .