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Hi Lav, I understand this but its pretty complex when trying to compare. Cora had good results at all depths FOR THEM. Our results so far are good FOR US but total amount is also important. No good having decent results at shallow but nothing at depth unless of course you got a super long/wide strip.
I think thats the key point. Without DFS to compare to another DFS and whereby you can see total oz expected its impossible to truely compare.
I wouldnt pay as much attention to depth as is being given here. GGP is mega depth for the high grades. Thing is you dig out the shallow as you mine it. So if you looked just as an option of 1 or the other then yes depth is expensive to mine but if your mining all the way down anyway then when you get there the cost is more but not as much more.
Depth also increases overall gold.
Cora which I think Lav is refering to is a big result because before this summers drilling they werent expecting so much, so finding maybe 4 times more gold (dont quote that) is a big deal for them. 4 times Mcap and Sp potential. Cora as an example only has an Mcap of 26ish mil. GGP is 700 mil plus. Now cora has a long way to go to be a GGP but its results so far are great.
@Lav, I disagree on this one. The charts show you how investors feel about the stock and as most know about the lab delays and the coups et all all of this is taken into account. Im not saying charts know everything, they clearly dont but investors generally act in a predictable manner and the charts reflect this.
If your worried about lab delay, you are unlikely to buy or top up, and on a chart this is shown by the slow but steady drift down.
I wanted an explanation and he gave one. Granted it didnt really contain any detail as to why there was a delay as the reasons about stages were the same as before when it wasnt delayed, but its something.
Personally I think PHE has intentionally mislead the investors here with timeframes, stringing us along.
All said there was some positives to take and once POC is complete we should be able to start selling more licenses before the FOAK is actually operational.
This will sound rude and I guess there is no two ways to make it sound less rude but your charting TA Swazers is beyond basic. You literaly just run a line on low points and a line on high. I wouldn't ever describe that as good TA skills. Its about as basic as Ive ever seen.
Im sure your a decent bloke but advertising yourself as some sort of charting guru on here is laughable.
The only real downside is you do become a lot more invested into one product by owning both but at the same time it also gives you some cover.
H White could easily get PHE to sell to HUI on the cheap making HUI more money and PHE less. Although robbing peter to pay paul, so unlikely, although highlights the large conflicts of interest at play.
100% agree with you Ledzep and certainly very concerning times for PHE and I get my 2022 idea is likely nothing but wishful thinking however there is a part of me that thinks no CEO can be that bad that they drop a 12 month delay without any explanation, even as poor as TY has been I am thinking he cant be that out of touch can he? Maybe he is, I dont know.
Very suprising he was voted in as a director with a whooping 99%. Greasing someones pole even if us PIs have been forgotten again.
I am interested in this one Dr A as I actually like how H White works. I feel he is super smart at what he does and therefore feel his other halfs HUI project is going to be bigger than PHE as in many ways the real money is in owning the units.
A lot will depend on when and what price they float at of course.
Interestly Amazon use a lot of Hydrogen FCells in their forklifts. Its actually one of Plug Powers main customer and they made HFCells for them before they got famous.
Plug Power also struck the deal so that Amazon got discounted warrents at different stages, which strangley meant that they ended up with a negative 310mil in sales because of the deal.
Earlier in the year we did a large raise to purchase long lead time items to ensure their wouldn't be any delays to the FOAK DMG unit at protos. A raise PIs were excluded from.
It will be interesting to see how the money actually got/gets spent and how much actually went on long lead times items and how much went on paying their own salaries and keeping the lights on so to speak.
Holding back lets others in. This is a fast moving industry now with some big players starting to want in and they don't hang about.
Im hopeful (albeit guessing as DJ Tim from radio silence wont ever tell us), that the DMG is completed end of Q1 2022 and the 2023 date is more about when protos will be ready to full use it (given we seem to be the end bit of their jigsaw), so then their will still be a display unit which can be shown off and undergo testing.
@Nut, which is looking like it wasnt a typo.
Im still hoping this whole mess will be sorted and the 2023 thing was an error.
12 months mate, seriously in that length of time I expect others to be on the scene and taking our market.
@Rob. Pretty much spot on.
Your glass is very full if you manage to find a positive from what was a pretty bad statement about TY from that judge. I say positive, I should say either his mum or his friend lol.
Investor presenetation from Tim Yeo was Q1 2022, a delay from Q4 2021 may I add. Now its "sometime in 2023"
A response would from TY would be good but this is the problem, he doesn't ever respond because I dont think he cares in the slightest about PIs. Its all about keeping the big guys happy.
The man is aweful at comms, has been since day 1 in PHE. Just look at the poorly run raise (from a PIs point of view) earlier this year.