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Copper at $10,200/t and Silver at new ATH of $45.6/Oz ....hurry up and get on with the step out drilling at Silver King ...what are we waiting for ?!?????!

Silver hit another high today of $42.6/oz....can we get on with the step-out drilling at Silverking for goodness sake!

Just as an additional comment here, if you wanted any further evidence of silver's trajectory just look at the Share Price chart for Hecla (a silver miner in the US) which has doubled to $6.7bn in the last few months!

Silver now comfortably above $41 and at all time highs .... The attractiveness of Silverking's economics will only increase as the price of Silver also goes up, lest we forget that Copper is nudging $10k/t too. Hopefully step-out drilling has commenced/will commence soon and then the resource can be proved up for a commercial outcome!

Now that the shock has been dealt a few thoughts IMO following the trading update. The reversal in growth is disappointing but not terminal, the last FY release also pointed to delays in regulatory approvals holding back growth, so presumably once these approvals drop in revenue will naturally tick up again. I posted on this board a while ago that the board needed a known operator, Jay looks to be a competent appointment to Chair with a track record of delivery in healthcare, he appears to be from the Harwood stable (the largest shareholder).

A few of the right levers pulled and a better H2 and net-net the Company stays intact. Profitability probably just takes a little bit longer, but this is still a revenue generative healthcare player which operates in a niche that still has the ability to grow fast.

Well, we're definitely on the brink of $10k/t Copper price ($9910) at time of writing and this will hopefully serve as a tailwind for any ongoing negotiations related to asset sales/JVs. It's hard to think of another London listed explorer with such a plethora of Copper assets including a tariff-beating US asset that will no doubt be of serious interest to larger players looking for in-country US copper exposure!

In case you missed it, Copper added to US Critical metal list yesterday which is an incredible tailwind for Ferber! Macro appears to be aligning for a number of assets with Copper Spot creeping back to $10k/t too!

Very telling that BHP/Cobre appears early on in the RNS, looks like some actual commercial accumen has been applied for a change. It definitely alludes to increasing competitive tension at a timely point when majors are sniffing. Nicely done !

I haven't seen this bulletin board this positive in such a long time. Managing expectations given CB's sluggish execution but it really does feel like we're on the cusp of a catalyst. Ferber is also very interesting let's hope it gets progressed with pace to actually capitalise on the current favourable geopolitical environment for which it is primed!!

If you think that the loss for year in 2022 was $2.6m, in 2023 it was $1.6m and for 2024 it was $0.7m then the trend would suggest that we're on course for break-even/a small profit. None of this is priced in right now. Boggles the mind.

Agree with you Billy. With copper sustaining a c$10k/t level it makes sense to now think about re-investing in drilling new sites around BR, increasing tonnage and then marketing the asset for sale. This should be the priority after the 2,000m of drilling at Silver King is completed.

Morocco, the other projects and the ore dumps should be de-prioritised for the time being.

Does anyone know when the 2,000m of step-out drilling at Silver King will commence?

Just got around to listening to the podcast, imo Silver King is a cause for optimism, even if as suggested the economics equate to only 50%. There's precedent from the recent sale of mine nearby and the general interest in the address. It now just comes down to the success of the 2,000m of step-out drilling. Quite frankly a quick flip of a +500k/t contained copper asset would be a great pay day even at 50%. I think it would be prescient to dispell any immediate fundraise myth though, perhaps by restating that the drilling is funded.

Silver has hit $38/oz overnight, highest level since 2011. Nice tailwind for Silverking increasing the asset value!

Results are now released and there are a number of levers that can be pulled in order to actually monetise the listing and move the company forward to attract new investors. A few suggestions below:

-The board is not a Small-cap plc board, it's time to make a few changes and bring on "known persons" from the market who actually have a track record on the LSE, this could include a representative from one of the larger institutional holders

-Change broker. Leaving Stifel who have an excellent US presence to join FinnCap/Cavendish who are only interested in fees from equity raises was a reversal in ambition for the Company, it hasn't worked they've put no new large investors on the register, change!

-Same with PR, companies should change these every few years, find a hungry agency and get the story out there

-Those remaining on the board need to show some intent and buy stock now they're out of the close period at bargain basement prices

-Re-set the equity story. TRX are in the privileged position of being one of the only remaining Biotech plays on AIM, it's time for Management to re-state their ambitions, set some targets and get the Sales team firing to get product out there

Namibia will offer financial incentives to help develop oil fields led by Total. The government is exploring financial options such as credit support and partnerships with lending institutions. (Bloomberg)

Even as one of the more synical XTR holders, the Silverking story is building nicely now. It doesn't need to shoot the lights out it just needs to be a commercial asset with a solid data package that can be sold on at a multiple of today's market cap and that's the direction it appears to be heading. Bravo !

Looks like someone took note of my rant. It took a very long time but these results are impressive! Onwards and upwards but again, let's keep pressure on for consistent and frequent disclosure.

One of the reasons for low SPs across CBs companies is the lack of credibility due to selective disclosure i.e lots of news releases for good news and silence/avoidance when things are bad. The whole idea of being public is that disclosure should be consistent and immediate. The delay in news between the commencement of SK and now has been unacceptably long and all that does is lead to speculation that something isn't right. The board needs to take notice of this and ensure that disclosure happens at a reasonable level of frequency.

Environmental report submitted by Shell for five wells in Orange Basin close to Eco's 3B/4B and Total's Venus asset. Good to see new activity being commissioned near to Eco's asset on the South African side !

Have said it on this thread before I cannot see what value Cavendish/FinnCap add here. No fundraise fees in sight therefore not motivated and have no international/US reach where the Company's operations are - time for a more proactive larger broker that is more adept at marketing to new deep-pocketed investors.