Member Info for Lukeytukki

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

I’m pretty sure this is just the speculative rise before results that have helped churn the overhang.
We still need decent results to push this the rest of the way. Without news we will probably start to drift down towards the 0.24p region again.

The long predicted speculative rise before results. Hopefully they will be good enough to throw the life savings at.

Hi folks, i've just stumbled across this and i'm quite new to industry, but it sounds fairly promising. Do we have any idea for stages the company needs to go through as well as any sp estimates?

The fundamentals look favourable.. but i'm a novice with this so....

any help appreciated.

If I woke up to read this, i'd throw my life savings in and consider my retirement options for two years down the line.

I think the best thing to do is to set expectations low but economically viable based on current commodity prices. A find is a find and should be enough to get it this moving.

High expectations may cause disappointment if the results we get are only good results, which really doesn't make sense.