I am surprised there hasn't been more of a rise ahead of the results with the strong gold price.
90p looks like a strong bottom. Good entry point. Hopefully start to recover back to Pre COVID level. Can't understand why it hasn't already.
Copper is playing its part. 30900 looking test previous highs of 31200.
All we need is some news!
Cracking pictures. I thought it was photoshopped at first with the tiny looking crane over the dry Dock.
Good to see things are progressing. Gantry crane is working and although you cant tell what's going on, clearly something is.
I will double up of it drops tp 11.5p
Break 485 or back towards 400. Just not sure how it is going to go.
Eric Sprott knows his miners and is bullish on this. After further research I will defo jump on board. Just trying to decide what price and how much.
Really dosent want to break through 19.25 resistance. Hopefully when it does it can fly.
Won't hold this back long. Nice steady build to Q3 results I think.
RBC cuts Polymetal price target from 2,275 to 2,150.
Still 25% upside from here
Seems to want to hold 4p. Hopefully build from there on news!
Be good to hold above 40 until news starts flowing.
I had a listwn to the sprott report, viewed some previous webinars and did some research over the weekend and think this looks really promising.
Not sure if I could maybe get a better entry point but this has a lot going in its favour and following ERIC sprotts is not a bad idea.
Hopefully WAND can start get going again and break through the 485 resistance
Just caught up with the posts. Lots of good chat over the weekend. Can really feel people's interest starting to pick up here.
GLA
Look Mike, I feel your pain. You are underwater here and you've lost faith in the board and company. Its not a good place to be.
This hased you to pine for the IOG deal and profess that the board should have accepted it.
I would have loved the IOG deal to have went ahead, but only at the right price. I would have been up on arms if it had gone through at the price they offered. It was daylight robbery.
1.05p equivalent would have meant DELT shareholders would have held around 18% of the enlarged share capital of IOG.
18%!
That's 18% of the potential upside of DELTs assets and 18% of the the potential upside to IOGs project!
What would that have meant?
Say we had sold out to IOG for 1.05p equivalent, translating into shares in IOG valued around 14p.
Say IOG brought the project online, on time and on budget and the share price doubled to 28p. Brilliant, but wait a minute that only translates to 2.1p equivalent.
So let's say that we drilled some of DELTs old assets, strike gas, increase production and the SP rises to 42p. Amazing, but wait a minute, that only translates to 3.15p equivalent.
I hold IOG and I am hoping for bag out of it. But let's say my wildest dreams come true and IOG 3 bagged to 56p. I'd be laughing all the way to the bank! Until I realised I only made 4.2p equivalent from my DELT holding, most of the upside came from the success with DELTs assets and if they hadn't merged I would have had got 8, 9, 10, 11p out of it.
IMO, knocking back that bid was the best thing GS and Co. could have done for us. It was not weighted fairly, gave all the upside to IOG holders and would have meant that long term holders would have struggled to ever recoup thier initial investment.
IMO there much more chance of that going it alone.
Hopefully more of the same next week.
Always next week!
Always next week!
It's a great yard, a great story and great to be part of it.