Well said. Gold miner, Australian licences, funding done, operations imminent and microscopic market cap all in the midst of a ranging gold bull market. STRONG BUY
Offering exposure to assets '...strategically located in the heart of the Victoria Goldfields ...' in the midst a gold bull market. Balance sheet appears healthy too with around £1.6M in net current assets. Plenty to be going on with.
Indeed. Quite why anyone would rush for the exits at this point, especially so close to the lows defies belief. Guess we'll hear that a profit's a profit or the cash is needed elsewhere. Their choice, but I'm looking to add.
The massive target size, excellent liklihood of success and huge undervaluation relative to UJO means that investors will definitely want plenty of exposure to this drill. The fact there are no results for weeks means they can continue to bid the SP significantly higher to try and build their positions without any risk of a drilling results RNS catching them off guard. I fully expect the SP to move siginficantly higher from here over the next few weeks.
Not only that, B's top hole section is being drilled first, then 1-2 weeks to set up main rig and then drill B. Testing is still a long way off. Plenty of time for a big risk free surge in SP.