Love it @clever - that's the attitude, not point moaning about the share price. It's is obvious to us few, us band of investors, that this is perfect to accumulate...as long as there's nothing drastic in the DFS
Great to see the SP being supported, currently, but all this talk about EUA share price increases and comparisons to a giant like Kenmare is meaningless. Kenmare only go for resources that have 100yrs potential productivity btw.
Comparing this situation to the share price activity in EUA is not useful, you have to look at all the variables, mainly: market cap, commodity, jurisdiction etc.
so not to rain on parades but this is utter rubbish to compare the value of grapefruit to that of a cart-load of pineapples.
Anyway, I do hope the agreement is concluded within that 60 period but I would remind people that the 60 day period only refers to the exclusivity granted to LB & Sheffield it does not mean they have to conclude the agreement within that time period.
@LB probably even slightly less than that in the free float. I held 1% before all this blasted private raise & warrant exercise (lol), so will have to top up at some point to maintain my %. But there will be be others like myself under the radar - I'm sure the John Feneck guy in the US that's always talking about GMET must have at least 1%. So add up these sticky holders and potentially there's only probably on a % in the teens in free float.
Probably why the price is reasonably stable, but does respond to small volume.
Donkey - I'm hoping that OF will apply the warrant exercise monies to Garfield. And he has said they are proceeding with Garfield so I don't now think it's holding it up that much.
If we can double PM that adds so much more value to the company and they could perhaps look for a strategic partner on improved terms.
Sorry LW, Grants are in application, they really cannot say anymore than that - hired an expert (who also holds about 5.6% in the company, she recently upped her stake through the warrant exercise process). Grants will land when they land, The thing is OF has the funds to proceed with PM without having to wait for them to land, so it's not holding up progress here.
and...we're not even talking about the other prospects on the licenses...
Bloody great story here! But I think the Gold story will distract from this being noticed for a while longer, though smart money already moving in as we've seen from the private placings.
Also wondering about how happy the USA will be if there's a Chinese offtake, what with the DFC grant 'n all. So I'm wondering how long they will permit those discussion go forward before stepping in with something like we saw with Perpetua recently.
H2 2024 could be very interesting here.
Read throught my posts LW, I've been making that point for yonks.
But we are talking Nevada, US soil here, might make a small difference.
Like BRES GMET has been able to private raise at a premium. I'm in both these stocks,just following the smart money.
As highlighted on X, about 15mins in, this US guy just loves and is buying GMET
https://youtu.be/qobUwba0uIQ?si=I-KRo9rPo_ITIeyx
The whole situation is just an utter ruddy disgrace !!!
There have to be consequences for the Board.
In noted a Tycoon in Vietnam was sentenced to death for fraud the other day.
Not saying the FCA should adopt such an extreme policy but they have to get their act together to better regulate AIM or you might as well shut it down.