With the way oil isn’t headed this looks cheap to me
From 14th August update (10 days ago) - expecting first set of results next week
'The first results are expected over the next few weeks.
To date the drilling has intersected rocks that display a much higher degree of metamorphism than what is traditional for the Copperbelt region. The results of this is that far greater thicknesses of sulphide mineralisation have been intersected, with up to 80m in certain areas. Providing these levels of pervasive sulphide mineralisation continue, the initial target JORC compliant Minerals Resource Estimate of 16 million tonnes will most likely be exceeded.'
thanks for the welcome guys. hulltiger if your open to a bit of advice .. take out 1hr of your time over coming week - go and register on tradingview for the free charting - and then google price action trading and do a bit of reading around the top 3 bearish and bullish candlesticks - then look at a few charts and circle those candlesticks ...its very interesting to see what happens afterwards - forget all other indicators for now ...I have spent 10 years trading aim and commodities ...started learning technical analysis over last 3 months - entry and exit points are key in this game ...its made a marked improvement on my profit ...up to you but honestly made a big big difference for me
Apologies Popeye ...you are correct it has dropped and everyone has right to an opinion ...I believe it’s still placing shares from last raise and those guys don’t care about drills - oil etc etc they take a placing and have a pre-agreed avg. selling price which from 8p odd placing they will quite happily sell at these levels :.anyhoo spud next week I have no doubt this will be much higher end next week
Of course there’s isn’t a raise coming - BOD have already said they are fully funded - even to do the 4th target if they want - he just wants to put a seed of doubt to get the price lower
Heavily discounted placing has killed this for now - sat here underwater for a while and not willing to put more in currently - will wait and see - too many licenses with not enough cash to develop any properly - will be back to the market again for more - I just hope it’s at a much higher price - my fear is this stays around 4-5p region and they place again in the 3.5p region ...let’s hope this amazing BOD get this motoring with jamaica 3D and Colter ..had a lot of high hopes ..not that impressed currently ..anyway good luck all - let’s hope we see double figs at some point soon