..and stock piles are plummeting. The broker notes for PXC will be an interesting read. Silver at $28.2, the current share price doesn't even cover the value of Red Star...;o))
Deffo moves the dial forward. They have finance for a mine design that can go in for planning approvals. No dilution which I was fully expecting at this stage. As RightOn says, it shows confidence in the whole scheme to return capital in the near term.
RE: Post on Telegram from Richard Wilkins20 Feb 2021 19:41
Thanks RightOn.
I am currently designing the next phase of Amazon's logistics roll out and I can tell you Copper is the way to go. Amazon deliveries will be electric driven in the very near future. Not sure Cobalt is the prime choice for batteries of the future but for now Copper we can't do without for charging EV's.
RE: Post on Telegram from Richard Wilkins20 Feb 2021 14:40
They need to target the deep copper sulphides ASAP. The gold and silver at Empire is not a great return $37m capital cost then £5m per year return so leave it. Copper is likely to hit $5/lb so the story needs to be about huge copper reserves in the deeper parts. I would like to know what the plan/timescale is for targeting the deeper sulphides.
The lack of enthusiasm maybe suggests AC might propose a sale or is in the process of agreeing a sale. Or it is all a guise to make PI's feel lucky that the company is surviving so don't push the re-list agenda. SQZ must be getting cash generative so I suppose the outlook is different for them. SQZ are trawling for mega catches in the north sea, HALO are crabbing off Cromer Pier.
Thank you for all your efforts trying to resolve this issue with the company. I guess it comes down to the integrity of Andrew Cochran in the end. He must be reasonably wealthy so I can't see this being about milking cash out of the company but without knowing him it is hard to call. Commodity prices are working in our favour so AC's excuses are limited. Hopefully we will get an update in March, failing that we may have to wait until May.
...and PXC who claim to be sitting on thousands of tonnes of the stuff is declining in value. It looks to me that a placing is coming at a price that may be disagreeable to us share holders. I don't think these are PI sells.
..is at $29.69 this morning. Incredible but still a long way behind the rise of gold. Wait until the scanning of Red Star is done this spring. 1.2km or so high grade silver. Red Star could be worth around £3/sh....;o))
4D must have enough data by now for this. I know they were struggling for patients in the summer but they must have plenty of data now. A good update on this would give us a boost.