Member Info for ontarget

I basically agree re: free bet, the downside is certainly limited being so well funded relative to the low market cap. It's not like oil drilling where they're staking all their cash on one well and if it fails have to go back to the market cap in hand. They will have only spent a small portion of their funds on this particular round of drilling so will have plenty left to fight another day.

He probably will be, however technically we still have 7 hours of RNS time to go.

Looks like the MM's are taking advantage of a few chancers who maybe bought a few yesterday on the rise but have no idea what they've bought, and are now willing to give their shares back for a small loss to move onto the next random stock symbol. A good day to pick up a few more.

Just an update on what I said last night Jonbell (I must have been half asleep), I don't think they will need to do another raising for a while yet. They recently raised £1.2m and the current auger drilling work will cost them less than £200k I would gave thought, possibly a lot less. So they will have plenty of funds left to progress the prospects further, depending on further acquisitions etc.

Yes of course, just like any other exploration company, if they find results worth persuing further. Hopefully at a much higher shareprice of course :)

It's just an earlier phase of exploration JonBell. If you look back Lithum x and Southern probably did something similar before they drilled down to much deeper depths. Drilling down to 250&350 requires more expensive rigs and obviously takes a lot longer so you don't do that unless you have a reasonably good idea where to drill. The results of the 20m drilling will inform if and where to go deeper.

Much better volume today and short-term breakout confirmed.

all of a sudden. Has this been tipped somewhere or just watchers piling in on signs of interest?

I agree. Also the silver price is showing signs of a new uptrend. This could be the perfect storm.

Yes we should have some results by then I would have thought.

Depends which sample results you mean Rolyclan. Do you mean the drilling results?

So you're not a disgruntled long-term holder, but a trader who missed his re-entry point. Thanks for the explanation.

Not a fan of this stock I see Thelix. Forgetting about the dim and distant past (which has clearly been traumatic for you), you must see that at the current price with the current prospects the company has this is a bit of a bargain?

Managed to pick up a few more this morning. Very little stock left now at 0.55.

And it's off again! I really need to buy more here when I can while it's at this level.

Nice rise in the silver price yesterday - now $17.1 and it appears to have broken out of its 6-month downtrend. Next target to beat would be around $17.7.

Starting to perk up a bit over the last few days. If it breaks $16.8 it could be game on.

Taken some more today as well. We're only just above the recent placing price and it seems nothing at all is priced in for

Yes the silver prospects look very good here - assuming the silver price rises back to $20-$25+/oz. Lithium however is one of the hot commodities of the moment having risen several-100% over the last 18 months, and a mere sniff of lithium can move shareprices significantly. Hence the interest in it here (and of course why AGQ have diversified into it).

Therefore possible drilling update anytime and initial assay results potentially within 2 weeks.