The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Urai5, pick any AIM miner/exploration company and they all claim to have a hugely higher potential in situ value than their mcap - how many times does that become reality?
Potential is great, such a shame that reality raises its ugly head.....
So the previously announced plans to drill Antoniou North to work on the exploration target there, have either been conveniently forgotten or the results weren't good and we havent been told, as it's all about delineation of Antoniou to a couple of lower levels and now the Baia Rosie skarn
I'm guessing it's because the extension of a couple of levels down doesnt add enough to life of mine, or wouldn't be enough to satisfy the requirements the license extension
Edd, you must be hard of reading - as my earlier post said, its good that we have more detail around the now essential drilling programme, but it's not gonna make any difference to the SP in 2023, but is critical to ,icense retention in 2024
AP has a track record with drilling and JORC info, he repeatedly and incorrectly stated that the current Baita JORC was measured, indicated and inferred - err, wrong, just being a salesman
I dont recall any results from the delineation drilling that was RNSd las May(?) and we've never had the JORC report for Bluberry after shareholders stumped up money for a drilling programme, so forgive me if I want to see actual drilling results before I get excited
Good that there is a bit more skin on the bones re the drilling programme, but, as ever with AP he sells potential plans like a double glazing salesman
He oversold the current JORC then hid it on VASTs website - now before a drill has started turning he talking proved and probable - just get the data and publish the results, then do the spiel
Hector - rockford probable means that out of the placing proceeds, $500,000 was going to be paid to Mercuria, as it was already overdue., he was just missing some the detail and facts, would leave, accordingbto the interims, outstanding debt of $9.5m
DB 'I'm looking forward to finding out how much moly has been produced in less than a year .'
It would be good to know if its making a notifiable contribution - mind you, Baita is/was also meant to have been producing zinc and lead concentrates, but as we've never had a break down in production figures, who knows??
People wonder why the SP is where it is - that's cos there is do much guesswork involved in working out what the company is actually doing - there is no reason why they can issue an upto date presentation detailing production and related costs together with the needed drilling programme timelines and targets
Lick a finger, stick it in the air and guess which way the wind is blowing
On the subject of salary deferral does anybody know what, on page 13 of the interims, year to April 2022 "other administrative and overhead expenses" of $1.952M, under admin and corporate, is meant to cover?
I cant see any obvious line for directors salaries in the interims, nor can I see any debt provision indicating they have been deferred?
Did you forget a decimal point.......lol
It will come, when it comes (said the actress.......) - notification of receipt of the parcel should happen first, as imo, it would be material news - then a time afterwards, we should get a valuation. Both are not gonna happen overnight
InvestingGenius (cough, cough)
'Certainly feels like someone or an entity has been accumulating this week'
Really ? So, with all that hypothetical buyingvpressure, why has the SP gone down, unless it's all those who took part in the placing, like yourself, selling while they are still in profit