Member Info for Phoebus

The exploration opportunities here look excellent particularly Selene and the market cap is cheap given the size of the targets and the cash on the balance sheet. I have no problem with the lack of activity and the wait for drilling as that's par for the course with exploration companies. If you want a drill tomorrow the SP would already be much higher and the valuation gap would already have closed. Once drilling is close I'm certain the SP will be multiples of its current level so I'm happy to wait. I do however agree that in such a low activity scenario administrative overheads should be kept to a minimum, however I'm happy to overlook that to an extent given the risk reward on offer.

Of course spiking the SP and then cr_ping all over it does have the effect of disheartening shareholders into accepting a low ball offer they would have laughed at days earlier. Games to get the deal done?

0.30 is a round number so it was likely SP would consolidate a bit as before. Give it a few days and the next leg will start. All news is STILL PENDING and there will be a lot of it. Like the gold bull run, Clogau operations are only just getting started. They will run and run.

Cash floor at 0.80p so limited downside and large upside here for Selene drill with potential for TO too. Looks very healthy risk reward.

Don't you want to drill Selene with Shell and make even more money than you would in a TO situation?

And if they think I'm paying 31% over the placing price they can go dance.

Yes it is good to see, but they appear to have a negative net current asset position which means funding required.

Seeking out an opportunity that prevents SP from reaching full value on Selene drill by selling out too low to IOG is NOT what the BOD should be doing.

Sorry Mike, but I don't agree.

What an absolute joke this week has been. SP was starting to re-rate based on other news flow yet is now its acting as if TO is all that counts. Reckon we'd be at this level even if IOG hadn't issued that RNS. Pathetic.

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Diddums.

Did you not buy yet?

Nope. Not even£1K.

Exactly.

Did you forget the huge SP increases in between?

Unless of course if Peregrine gets farmed out as touted then no need for any funding and folks are left with no shares and a much higher SP. Dangerous not to be at last half in.

Yes. Peregrine.

Would be great if ALBA could get a Royal Warrant for their gold. Seems feasible.

https://www.royalwarrant.org/

The market already knows. It's already in the price.