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The main problem here is the October date. It's too far away for impatient investors. No one wants to wait any longer than a few days.
Some serious gains to be made later in the year.
I will be back here in a couple of months
Ticking up nicely, once full production is announced, with today's gold price they will be printing money!
Major re-rate on the cards.
Back to 20p is not unrealistic
Just saw that, great clarification.
Must be so close
Now is the time to buy, I see a big jump in SP when they announce the 2nd mine on line. Many maybe locked out
Not long to wait, first pour of the new mine should see a significant re-rate.
I think everyone is waiting on the sidelines to jump in.
I've been loading up during this quiet period
Great RNS.
The Helium plays are still the main thing for me.
They will be transformational for the company
News is due any day, next week hopefully.
I think there are a lot of people waiting to jump in once full production is announced.
Yes news due any day now
Is there a Telegram group for here?
Great recap, very little downside and huge upside here
Another really interesting statement for me taken from 31st Oct RNS.
Any further offtake agreements for coking coal above the 20,000 tonne per month capacity of the wash plant would require the installation of further similar wash plants on site which cost US$1.5-2m each. The Company can fund any future capex from internally generated cash flow from the sales anticipated to begin shortly
So that 20k tonne per month could rapidly increase. Wash plants @ only 1.5-2m each!!!????
If 1 plant has a capacity of 20k tonne the payback would only be a few months.
Great update, how this is still at 5.5p is beyond me!
I keep topping up at these prices.
2bn tonne resource
First offtake 10k per month with an estimated margin of $80 is $800k month
They have 20k capacity so thats $1.6mil a month
Another MOU has been signed as of 5th Dec so that $20k target could be sooner than we think
Looks like it has just ticked up, FOMO will start to kick in when people realize bottom has been reached and we could see this move quite fast as people take positions.
For me, anything under 5p is a screaming buy
I've been loading up at these levels. With current production, cash in the bank plus a high impact drill on the way its far too undervalued. Should be at least 10p
OVERSOLD!!!!
Really tight spread now, think this is going to go soon. We could see double digits in no time once production starts.
It's going to pop soon!
Ps I got 1.6p if anyone's interested. Not sure what the price will be for the rest of the day
Sold my £15k for £3.6k gutted
I've £15k here. Gutted but that's the risk.
All those bragging that they have sold isn't helping mine or others who have lost out here
I feel MSMN are in the best position they have been in for years.
The 2 helium plays are really gaining traction.
We just need GE to float.
I'm really liking the progress on EP145 also, I know they have been waiting a long time for the sacred site clearance certificate. I was told by John Barr that the other paperwork prior to seismic survey is much quicker to attain.