Member Info for magictrades

1st time poster here having got in a few weeks back. Should have got in last year when it first appeared on my radar sub £5 and can't even remember why I didn't lol. Still today's RNS' and the FY21 results were superb and reinforce the strong position Draper is in. Looking at all the buy recommendations from various outlets below is hardly surprising. I think the move out of AIM is a big step for the company. It'll attract newer investors who don't like the volatility of AIM and the various index funds out there. I know VectorVest has a FV of around £10-£11 last time I checked. But personally I can see that being surpassed if this trajectory continues and particular investments gain value. A great stock for any ISA in my view

Nice to see a green candle printed and a rather large one on pretty good volume. The wick of the candle perfectly tested the 17.5p support area as well. Anyone who got in there well done. We'll see how the rest of the week pans out but should the green continue, the wyckoff hypothesis is looking plausible.

Great to see the Juri JV exploration moving forwards at pace. It's good to test all the targets in one swoop so that you can prioritise based on the results

The dip is looking like one of the spikes down on the wyckoff schematic #1. I'm hoping its phase C since that is supposed to be the spring for a move back up. We'll wait and see what happens. The overall market looks to be weakening which could lead to gold rallying again and investors turning to gold stocks once more. Just some general commentary, I like anybody else have no ability to predict the future

I haven't been around enough to see any criticism of Bamps. By all means have some differences of opinion on certain matters but quite frankly if anybody is here criticising Bamps for his calculations, engineering knowledge and even geological prowess you need to have a word with yourself. I would go as far to say that Bamps has provided the bulk of the research for many investors on this board and has kindly given his time for podcasts and countless lengthy replies on here. Without Bamps, Paddy and many others on this board, most people on here wouldn't know half the amount about what is going on. I'd like to see others try and do the calculations with as much effort. As with anything on a BB, take things with a pinch of salt and put them into your own investment thesis but criticising constantly is not serving anybody here

It certainly would be nice to retire early but long way off from that. Glad people have taken noticed of the wyckoff pattern. These definitely play out in the markets and because they are longer term events, they get forgotten about even by more seasoned investors I think

Nice shoutout to my co-supervisor there Bamps aha. The chlorite vectoring tool is certainly a clever and innovative tool used in the porphyry environment. Applying mineral chemistry is definitely one of the next frontiers in the search for ore deposits. However, different minerals are used depending on the ore type

Hi all

Hope everyone is well despite the frustrating share price. Seems the US FED announcement on Wednesday has spooked the markets and specifically gold and commodities. The market didn't really value the recent drilling update and i've noticed other miners suffering from the same sentiment. It's important to recognise our fundamentals haven't changed and that we still have a minimum 4.3Moz gold deposit pending an upgrade and feasibility study. Not to mention other exploration efforts which if we hit anything should be very well received and generate a buzz again. Surprise announcements or joint ventures seems to be the news that is moving junior miners atm outside of pure speculation.

I've been studying the chart and i'm wondering if the price action is in something called a Wyckoff accumulation. I'd love the input of any technical analyst guru's on this but to me it appears we are within this accumulation phase which is designed to frustrate retailers who will then sell shares to bigger holders or institutions. I've been watching volumes and the orders and it does appear the MM's are playing with this a bit (tin foil hat on).

Cheers
Magic

Buzzing for next results now. Nice to see some core photo's in CB's award ceremony. Not been too up to date with any other developments in between. Gotta get me one of the GGP caps though

When you look at the intercepts, the orebody appears a little zoned with Cu generally depleting with depth but still with consistent gold grades. We all know the high grade sulphides are present mostly in the upper levels of the orebody. Seems like the deeper parts of the breccia are mostly gold.

Yep more drilling required to get to indicated MRE than inferred. It's considered a better level of confidence in the JORC regulations

Hey Chip, you beat me to it in spotting the small increase in metres drilled. Hoping many others have now seen this. I have posted my thoughts and I feel like this set doesn't include anything post March and considering the poor weather and the fact they only really began in mid-March it's less surprising to see a measly 4 drill holes reported.

I haven't posted much on the board as of late but keep up to date with things and still love the project here. However, I'm not gunna sugar coat it and staying up to 11:30pm for 4 new drill results and a new cartoon (its a nice figure though), despite being in ggphelps lovely company, left me feeling a bit deflated. Given the recent bounce off the lows, I hoped a fresh set of drillholes and maybe some info on the other targets in the Havieron area would carry momentum onwards.

However hold your horses and the bloody sell button. Firstly, all the new drillholes reported and reiterated infill holes have superb intercepts including some lovely copper credits. Secondly, the period reported is the quarterly until 31st March 2021 in which bad weather hampered operations and possibly does not contain this month's results. I say this because the 11th March exploration report highlights 154km worth of drilling completed. This release says its now 158km, only 4km more. Our new presentation today states more than 200km has been done. So it's clear there are results still to be announced. Possibly delays in the lab could also affect this but whatever the case, I do not believe this months data is in this latest report by Newcrest and has yet to be reported. Thirdly, it is clear there are extra targets within the Havieron license that they are exploring, something which could further add to the MRE.

With such a backlog of results to come, continued exploration and drilling across all of our targets, I am excited for what's to come. The last three months have been the dullest since I have invested. I truly believe that period is now behind us. There is an abundance of exploration coming throughout the year, you only need look at the new presentation. There was nothing inherently bad about the results just a lack of them. So some more patience until the interims will be needed where I think there will be a lot lot more to dissect. Add to that our other projects, in which any one of them might find a new discovery, you have plenty of opportunity to see the SP move. I'm hoping people recognise this and don't rush for the exit because the show is only just beginning in my view

Cheers
Magic

Personally, i'm quite happy these are out now so the bad news is out of the way and can look forward to new targets. The contamination is not really a concern (it's over a 1m interval in the Wilki) but like others have said is good transparency in the RNS and good to show quality control is being applied thoroughly. Also good to see the new target identified.

Now the goal has to be drilling different areas to identify stronger anomalies and preferably some minor intercepts of Au and Cu. It's clear these drill holes are located on the fringes and the zone of mineralization we are after is not around where London and Kraken are. Just remember, Newcrest drilled distal to Havieron and identified similar anomalous responses years ago and took GGP to drill in a different spot and deeper to find Havieron. So please remember this is all part of the exploration process

I hope the market recognizes these are not strictly NEW results for Swag. These were just the remainder of the first set. This really should be already priced into the market. This set of results to my mind should never have expected to be good since they are the same drill locations as the first set. So anybody running for the hills based on this or screaming that this share is garbage etc etc well I'd question their motives on this board put it that way

What's clear is they must move to the new targets and test for a (at a minimum) an increase in anomalism and for low grade intercepts. Hopefully better they just hit some high grades straight away. However in general, I'm now looking forward to the Juri JV exploration campaign and what those targets may bring

There's nothing inherently wrong with the drill intercepts. I also wouldn't question "understanding the geology at this stage". Brad explained the previous drilling by Waymar didn't even get the apparent dip correct. So with respect, the basics were already incorrectly interpreted. Every drill core that is pulled adds to the geological story. It changes the model, the shape, the structure. This is still exploration stage.

Like I said in my thoughts the other day, it appears that the market and its constituents does not understand the mining business and I have to say that what i'm seeing with some comments on this board, my point is being proved. We all want super high grade and wide intercepts all the time, I get that. But it is simply unrealistic to expect this constantly. These drill intercepts are not bad at all, they've answered some key questions which will help them better plan their drilling going forwards. Market should be rewarding this and not punishing it, simple as that

As I said yesterday in my thoughts, there is absolutely nobody on this planet that can justify a 30%+ drop in the SP based on that RNS. It's a disgrace

Personally I was pretty happy with the RNS this morning. Nice intercepts and adding extra weight to the Epithermal-VMS story with those zinc grades. 4th rig being mobilised is also a positive. Nothing majorly new in terms of discovering new zones as the drilling appears to be mainly within the existing ore horizon. It'll be nice to step out and see what we can find in the next few drills.

I understand there was a bit of pumping going on last week and some "get rich quick" sort of money has flowed here. I expected a sell on news type deal. I've seen this happen at GGP last year and on several other stocks. However once again, I find the market reaction absolutely ridiculous. It seems junior miners specifically at the moment are being hammered when they release an update to the market REGARDLESS OF ITS CONTENT! It's become clear to me in my early years investing that currently (and maybe its always been this way) the stock market does not value news the same way in this sector as other sectors. The market seems to lack any sort of knowledge whatsoever about the exploration/mining business and to be honest it appears pig ignorant to the process. Feels like if an RNS doesn't have 100m @50g/t at the moment, it's not good enough.

There is nobody on this planet that can possibly justify the ~30% drop. People bid up the SP on anticipation of good news, then the company provides it and people sell? I understand profit taking and a small dip, but ffs the company is literally de-risking the investment each time they report a good result. If it was worth 35p on speculation of good news, it's surely worth around that once they confirm it?

I dunno, i'm probably ranting too much. Bottom line is that the RNS was fine, the share price drop is moronic and i'm fed up of seeing good projects be slammed unfairly by the market.

Magic

Bit of a lurker on this board as opposed to others but I'll probably participate in buying any drop tomorrow. It's an annoying placing but I feel that the proceeds are being used well and as far as the bigger picture goes, getting the full financing for Araguaia and turning that into a top tier nickel mine is what i'm invested for. I still fail to see a better nickel play on the aim market than this one

Good find and good to see it on the google earth map. NW-SE trend from Havieron localities. 170Km away is quite far though so will be interesting to know what geology is like there