Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That’s the start of the dream, with more areas to expand on this!
I saw a good post by another LSE chat commenter ages ago. You should keep a list of the pros and cons of the investment as it progresses. Right now even though we are sitting in a delay, we still have to remember that we churning spoil heaps, have 100% hit rate for all holes drilled, have a good shot at economic viability and hired a director from GGP. I know the delay sucks but reflecting on these points helps.
Sure, These are couple of examples from the last 6 months or so.. its harder to find companies at the same sort of level in the same jurisdiction, but if you search for mining assay delays in google, its a fairly global set back going on.
Gateway Mining
Xtract Resources
Panthera Resources
Lexington Gold
OSUR Mining
The companies I watch mostly are:
XTR (low grade copper that has had confirmation of a conceptual open put... barely economically viable.. but room to increase its resources to make it more viable)
BZT (Another Colin Bird company)
ORR (These guys got screwed by IAMGOLD but then got back on track again, it damaged the SP a lot)
UFO (Operationally it seems smooth so far with a good team, but the price doesn't reflect it)
Shouldn't be that quiet on here, RNS just dropped saying the open pit is economically viable as a standalone, with options to expand its economic viability.
Wildly guessing here...
The companies I've seen facing results delays so far lasted for about one and half to two months. Since this was originally supposed to be last week of May.... I'm going to throw it out there that we should have results somewhere in the next two weeks. Hopefully we will see an optimistic rise in share price start again soon as day traders return looking for their sneaky profit to be had, especially with the amount of eyes watching this.
Ideally we need Riseagain to comment, said individual usually marks the start of a turnaround.
Part of the mind set currently here is that people are focused just on what the first set of results will be, the real confidence should stem from the all the projects when you look at the company, not just the first set of results. Longer term this company will do more than just come good at 1p. Brian & Gemma both have good track records and should get us the whole way with a possible copper JV play.
I'm leaning towards Friday. We may end up with batch results at this rate.
If anything coming back to 0.22p to 0.24p region is a sign of resilience and support. It has been as low as 0.19p recently.
I'm not exactly sure we have been punished, we had a speculative rise based on anticipated results, we then confirmed there are delays, and with no fundamental changes we are back to where we started. Its perspective, if you bought the spike recently you may feel punished, but ultimately nothing has changed.
The drop came about because of investors/traders buying in speculatively before assay results. Now that the confirmation of delays have come out, they have taken any gains they may have made and moved on, hence we are back where we started. Maybe we will get another speculative rise in a week or two.. as we near possible assay time. No promises this time.
I think given that some on here were getting a bit on edge having not had confirmation of delays, having it in writing is a positive as it reflects that management are taking our potential concerns on board and alleviating them when possible.
It's more than I got from previous mining companies this year experiencing the same pressures.
To be fair, I'm not sure what to make of a meeting to discuss drilling results, my guess would be that their could be a change to the drilling schedule, or we need to revisit somewhere which may cost money... BUT what is evident is that they currently don't have the assay results, as they can't be withheld due to potential scope for market manipulation that could be inferred if they were to withhold them. They have also currently committed to a meeting outside of results so any speculation on whether its meeting to discuss results that aren't as good as they could be will be founded on nothing.
I've been keeping an eye on this with a view to buying... this should have made a significant move up by now.. but hasn't. What have I missed?
It is to be expected, fear settles in when the share price rises and falls on no news. Fundamentally, nothing has changed, and the fundamentals look very favourable, its just if anyone got caught in the spike they will be a bit deflated right now. Without news we revisit 0.22-0.24p region we have been drifting in. With good news we go higher, with average or bad news we will stagnate or go lower, mainly because we've had expectations set perhaps unreasonably and unrealistically high. We won't go to the moon even with bonanza results, it will just be a good start, more results will need to keep churning out and prove it is consistent and worthwhile.
It's as predicted, no RNS and the price will slowly march back down to the 0.22-0.24, peeps will take the profit they received from the speculative rise but now worry is beginning to settle in. The results aren't going to change based on how long it takes, and it can't be withheld as its against AIM rules, it really is just a bit of a delay.
I’m not sure that they are allowed to hold the results back for analysis. I think anything that materially affects the share price has to be released in the most time crucial manner. Enough time for a write up in an RNS and that’s it?
It wasn't so long ago I was telling everyone to expect delays as we were originally told to expect assays at the start of June. An Australian company i've been watching, and pretty much lost interest due to low grades, seems to have had about a month and half to two months of delays on assays and that's in a supportive well established jurisdiction. I'm guessing its a mixture of covid affecting supply chains and lots of junior miners trying to get in while the prices of commodities have increased.
One of the most recent RNS said June, guess we will just have to wait.
I managed to get Germany in the work sweepstake... feeling mildly confident at the moment.
(Don't know anything about football, just checked the odds on a few betting sites).
What grades are investors expecting to see for Olympic? I know a find is a find, but there seems to be high expectations brewing, possibly dangerously.
Not a deramper, as most who have seen my comments know, just trying to keep things realistic.
Hi Peeps,
If I recall we were given some readings for the tailings a while ago but I think it was agreed that the results should only be seen as indicative only as the results were very high, which is fitting as all previous tailings activity has been high grade.
With regards to mining activity, I've had a look through some previous RNS results to help give an idea of what to expect. There have been a few examples of bonanza grade areas and the majority in the spread of low - high. The copper resources also looks fairly promising from a grade perspective. Still though, as I keep advocating, we can't get excited and push our expectations high as it leaves a larger scope for disappointment than actual reasoning.
https://www.lse.co.uk/rns/GWMO/mineral-jackpot-silver-moon-silver-bell-trend-7ofc7k6f4ayofwl.html
https://www.lse.co.uk/rns/GWMO/positive-drill-results-at-m1-b6gyh9e57su7v2j.html
https://www.lse.co.uk/rns/GWMO/significant-m2-jorc-resource-upgrade-lyv206r1bmv3apl.html
https://www.lse.co.uk/rns/GWMO/mineral-jackpot-sampling-results-8ri2yskyrempmoj.html