Member Info for PaulFG

Attended the podcast yesterday and I have to say I was not impressed with OF. The interviewer attempted on a number of occasions to get OF to justify his stance backing it up with geological evidence bur OF was back to his old form of repetitive long-winded macro talk. At one point when the interviewer pushed him as to why, given the geology, he believed a particular area was a good prospect OF answered because he'd been there. That bordered on arrogance.

Had i been a prospective new investor listening in I wouldn't have been impressed.

I know it's a mortal sin to criticise OF on here but honestly get some media training!

Whilst YES, it was definitely a great news today it wasn't the news the market wanted and it wasn't the day for the delivery of great news given market jitters.

Let's face it we probably would have been more surprised by bad test results than we are by good 'uns - we've come to expect good test results.

What the market is waiting on is the DFS and the JORC upgrade will represent a significant step to that.

Drill results, next week hopefully, will provide us with some insight - you'd hope, if good, they might add a penny or two.

I mean all you have to read is 12% enhanced performance - that's the comparative advantage for offtakers.

It's a shame really didn't drill enough to include Beehive into the jorc upgrade.

Green or red?

I must be in the wrong Telegram group, lol

Agreed - RIO no longer lives in my head, most likely they'll go, the new guy doesn't like the Titanium business. They'll be as interested as the rest of us in the DFS to get their money out and I've no doubt a big player will most likely make an approach sometime next year.

Each drill result, if good, will add to positive sentiment. As we've seen with OMI there will come a point where consistently good results will mostly likely lead to an increased share price.

The thing is with Sentiment you can never really estimate when it's going to start impacting and once it does how far it's going to take the share price.

As people who recognised they missed out on opportunities like OMI and start to draw comparisons with GSCU you could even see a situation where the positive sentiment kicks in even quicker.

All of this will be further aided with headlines around silver & copper prices, strategic investments etc. - get a headline like we did in GMET with someone like ACAM/Stanley Druckenmiller taking a strategic stake and the share price could easily double or more fairly quickly.

Suggest you read the thread below, I think they've had the whole FAR discussion already yesterday.

Importantly, we clearly all agree this is an excellent entry point, not as good as a couple of months ago, but still excellent, offering multi-bag potential without the huge risks associated with an earlier stage explorer.

LW: when I was a commodity derivatives trader we had an expression - don't be a d*ck for a tick. If it's a great trade at 6.55p, unless you're buying m/billions, it's still a great trade at 6.5p.

LW I agree I think we're nearly there. But for me the bid has to close and remain above 6.5p with an upward trading bias for 3 days before I can hand on heart say that 6.5p is now support - and that's what you want.

As you say, one decent headline could accomplish that.

I don't think we can say we've broken the 6.5p resistance level, yet.

On OMI I don't think you can make the comparison - different stages, metal, jurisdiction - just about everything is different. I think OMI is more comparable to GSCU.

It's interesting that BRES is going to rush out the JORC update ahead of the DFS publication as it seems SVML are doing exactly the same thing.

I think once they announce the upgraded resource estimate everyone will start calculating through their modules to anticipate the possible NPV in the upcoming DFS and I'd hope to see a lot more support for the stock thereafter, ahead of that DFS publication.

This represents two major global assets so we can expect serious players to be taking it seriously.

About time we experienced some serious movement in this. Would be nice to see it retest the recent highs.

@Barwickman, yeah nice summary of the last week's activity from Sam. You'd envisage, given his history, that what he's emphasising to these investors will be taken very seriously and the fact that they came to Chile is very encouraging in the first place.

But I'm wondering what was the ask from Sam at the end of these tours?

Yeah the volatility is kinda bizarre here.

It takes time to arrange financing - this ain't a mortgage on a London townhouse in Chelsea!

@Dusty - totally agree. I generally don't even look at rock-chip sample results - they're so random. Although it is was good to see it delivering 50m width. I guess it all adds to the overall bullishness of what we have here, but yes Phase III drill results will shine a bright light on the possibilities.

Meanwhile both copper and silver prices continue to rise...

I can't get used to seeing over 1000% increase in my portfolio summary and rapidly heading to the 2nd level!

Perhaps Rupert shouldn't have mentioned Christmas. People sell to raise cash for Christmas - tongue-in-cheek.

Seriously, though this is just the very beginning of crammed news-flow for us all the way to MAY next year.

Get positioned, sit back and enjoy the ride.

I think the main thing holding back the SP here is the now way-overdue drill results, which in fairness MR signposted a while back.

Once these finally start to feed through there'll be a domino effect on so many confidence levels - resource, grades, DFS deliverability. The longer the delay the more the market won't like it.

BUT this is only a very short term vulnerability.