Member Info for mac4671

" Some of these grades obtained are among the highest ever seen in the Monchetundra area and confirm that a very exciting target remains to be followed up, as the zone is interpreted to be open along strike and down dip."

That target runs into NKT, that area that has been extensively drilled and the PFS done on. Even handier that we received all the data from recent work with the MT flanks license. We're honestly in a very unique and fortunate position right now, it's hard not to be very excited at what could well happen in this FSP.

GLA

From my research, we look locked on to get a very welcome surprise from that NKT PFS tbh. The reason is because a historical drill result within RNS was said to be just clipping a BONANZA grade resource area, that area is believed to be NKT. The area that extensive drilling info and the PFS was handed over to Eurasia with the MT flanks.

GLA

You seem to not know much about valuing a mining company Monty tbh. You can value one at any given stage, green field right the way through to DFS etc. When more info comes, you simply adjust the valuation as appropriate. 30% discount that was applied to MT flanks in the AP report is a good example. MT flanks land, the discount reduces due to the new dynamic. Take your time, go through that valuation link, you'll learn something, there's plenty info in there for anyone to learn something tbh.

Even the NKT PFS adds value, which also came with the flanks, pretty handy tbh.

GLA

Of course, the investment bankers on the BOD valuation will always be far superior to any we come up with, because they have all the latest figures and data at any given point -

https://www.valuewalk.com/wp-content/uploads/2015/06/Valuation_of_Metals_and_Mining_Companies.pdf

GLA

"Mass share price guessing can affect the actual price. If the final share price is unknown and no one guessed would it tempt more people to invest? Personally, I think all the games had an adverse effect and no one realised it." - I totally disagree, a lot of guessing has been done from known valuation methods. I'll dig out the link i used to post about valuing mining companies.
The AP report uses those methods, as does GMF's.

GLA

No one can say for certain Monkey, the whole AP involvement has been kept very quiet. If it wasn't for AP, we would never have known about them, and the work started well before the FSP. Their work is to prove resources, hence me also posting the product link - Surveying, Logging, Drilling

GLA

https://aplimited.com/products/

GLA

Waiting for AP results could also be a factor -

"Exploration Manager of Eurasia Mining PLC Alexei Boucher visited our office today in order to discuss a joint project with our company. We can’t share the details yet, but this is going to be a complex one, involving the whole range of our tools and services. Stay tuned for the updates!"

https://www.instagram.com/p/B-ZhwV-jEjC/?utm_source=ig_web_copy_link

Sssshhhhh though, whatever AP's there for, it has been kept top secret.

GLA

Less free float shares to grab, creates more pressure on what's left out there to grab. It really doesn't matter who's buying them, buying is buying whether it's a tracker or any different kind of fund/ii. They hold the shares tightly either way and buy their positions. Every day there is less free float shares, because funds and ii's, even PI's still, are accumulating positions.

We're here for the sale at this stage, that is the reason for still being here this deep into a FSP, if you're still here then you're still confident the sale will happen and at a premium of todays SP, simple as that. Anything else suggested is purely agenda driven.

GLA

Could be a 24 week FSP, to give time for the resource update before announcing the deal. I think they'll want things wrapped up before Christmas personally.

GLA

"missing 1.5million" - They'll be in your back pocket Tilly lol

GLA

Indeed they do Oriens, even more so if they've headed into sticky hands. It's funny, because the ones we class as small these days were classed as big buys at one point. It's those massive ones at the start of the index listing that set new buy size classes lol.

Around £40k and £50k is still decent money tbh.

GLA

Sign of the free float drying up? -

07/12/20 17:10 124,761 38.77 0.00 0.00 £48,369.84 Buy
07/12/20 17:09 48,314 38.77 0.00 0.00 £18,731.34 Buy
07/12/20 17:07 94,500 39.50 0.00 0.00 £37,327.50 Buy

After hours, but smaller than some of the whales we've seen previously. Just a few small kippers.

GLA

It's all good, the free float dries up, puts more pressure on what's left available. Other funds/ii's have also been buying in, it's not just index trackers.

GLA

Anders_uk, you'll have to get your hand in your pocket, surely you can't let blackrock beat you on the holding size front? ; ) lol

GLA

Good timing my post lol

GLA

The MM's seem to like to find a sweet spot, where certain PI's ditch and funds/ii's mop up. When it dries up they take it to the next sweet spot, it's interesting to watch , and a good learning curve seeing how they appear to create a market.

GLA

Position's on the rise -

https://twitter.com/Dobbo761/status/1335942209280090117?s=20

GLA

https://twitter.com/BazLogicUK/status/1335919145389535234?s=20

GLA

Welcome and good luck VivSki.

Some funds and ii's won't be happy that you nabbed some of the free float before they could.

GLA