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* Gold price is in breakout mode
* I still think we're on track to receive good news on financing before end of March (at least from credit committees that convened in Feb)
* The raise is oversubscribed in a few hours
All actually feeling pretty positive, looking forward to this month.
I'm inclined to agree with Rob. But then I don't have the baggage of holding this stock for many years I only started buying in this year so at 0.6p it's not giving me much pain.
Let's see what March brings...
I know this might appear ñaively optimistic, but still have a string possibility of hearing good news on the second bank pretty soon, in which case 0 6p might be a very good buy. It's possible that HAA left this raise until the last possible moment but prudence demanded execution today.
Just noticed the SL company is hiring a Geologist: https://www.linkedin.com/posts/damsila-exports-private-limited_embrace-the-challenge-exiting-career-opportunities-activity-7170389592070717440-9Sc3?utm_source=share&utm_medium=member_desktop
@pikeman - fyi I'm a shareholder in GMET and we're already listed in US on OTC market - the same one POW is talking about and there's hardly any volume and that's for a company totally focussed in Nevada - don't count on US investors getting overly excited about POW.
No matter how much SW talks up that Acquisition I can't get excited about it , and honestly how much cash can something that cheap generate I really don't see it reducing the probability of returning to the markets for cash.
He's quite fidgety in interviews, isn't he.
On the share consolidation as I postulated earlier it sounds like Rick Rule brought pressure to bear. Ok its a criteria meeting thing for US OTC, not that I've ever seen the US otc bring a share to life. So ok, it's a meh from me.
I don't think these machinations will attract institutional investors they're attracted by opportunity and sometimes the mcap plays a role, depending on fund rule.
Sorry SOL I don't think many were confused by the RNS it's a straightforward consolidation RNS - what's causing people to sell (I think) is their experience/anticipation (rightly/wrongly) that upon consolidation the share price is likely to drift lower.
You can argue that is not the case, but that opinion seems to be driving the SP at this moment.
Only a bargain if they manage to get this project off the ground.... I have no idea what/if anything they're working on.
They had cash injections from HNWs last year - apart from paying their salaries and trips to SL what are they doing with the funds?
Any drilling going on to expand the resource? I dunno.
Sadly @Moz I don't think the level of activity this morning signposts any upcoming announcements - too small. It's probably @Andoman adding more, haha
@Moz, yes just noticed that - hoping it's not just one of 'us' using up an ISA allowance or something.
In the past, future news has been signposted by share activity - so fingers crossed. Although I've learned to be consistently disappointed of the years with CMET, sigh...
I can't help thinking this move may be as a result of pressure from US investor(s). They don't like sitting on 'penny' stocks, almost an EGO thing.
But this is AIM...
Right now could represent an excellent buying opp, but I'd rather wait now.
Am directly invested in GMET and was looking at POW as liquidity is better (if I was looking for more exposure to GMET). But now they've announced a share consolidation I reckon I'll hold off to see what impact on the SP post consolidation. Gut tells me, barring bullish news (which of course could come any day - but haven't we been saying that for years with POW) the SP may drift slightly lower.