PYX Resources: Achieving volume and diversification milestones. Watch the video here.
You say it’s a master stroke but it has always been CB’s plan… so maybe the plan has been a good one all along —- and will get better value from any prospective JV as well
I’m a bit the same feeling about this share…. Such small market cap and any decent find will send it rocketing….. but it’s on snooze button right now…. Despite expecting news a lot sooner…. So maybe potential to excite us anytime now
Considering the market cap is a lot lower with £2m injection than before the fundraise then it shows how much of a dummy spit short term holders had over it. I think we’d be in a similar place but with a touch more desperation for a JV so likely to do one on less favourable terms, and before proving the resources as much as we are doing now
What I don’t understand is if this has so much upside potential for Amapa and then other assets too… then why doesn’t a bigger player just buy them out?
Listening to the interview and hard not to be wow'd by the potential.... I think they did the right thing raising the cash because they can prove the f**k out of this quick enough with extra drill and no pressure on JV's. They are seriously working a plan. Blocks of $5M / $20M areas, potentially multiple of them. High grade mine expectation. Extra licences potentially being 'pushed through' which would give 12km of DMS fun times.... they know how to work the geology.... knowledge and tech means they can make some serious progress over the next year.... £15M market cap...... no.... up, up, up she will go
The reason they haven’t RNS’d the second rig is undoubtably because they can combine it with other news next week. It could be they have held onto the remaining assay results which may be really strong and combine that to explain why they need 2 rigs
How I heard about Avacta I can’t remember, but how hardly anyone else has heard about it now I can’t comprehend. We are all living through this pandemic but there is no in depth reporting….. you’d think there would be an opportunity for an aspiring journalist to own the space…. Who is
The Laura Kuennsberg of Covid reporting?
Apart from the share price for current holders what’s not to like…. I was in at .7 but got carried away and now average 2.5…. But as a hole digging gamble the odds feel pretty favourable…. The area is full of the gold stuff and we are honing in on it
Colleague of mine today did 3 LFT tests because of ‘chest infection’…. All drew blanks… Covid confirmed by PCR
Ready now.... can't imagine production capacity is going to surmount to stockpiling inventory they can't sell.... so news coming
Managing expectations —— he will do a JV if the terms are right and part of that narrative is we have enough funding to go solo for a while yet…. He is probably talking in these interviews to both investors & prospective JV partners by putting it in public domain. Probably speaks to the low terms he’s been offered currently. Better to crack on for a number of months and prove the resource and he’s probably betting he can get a better result that way. It’s the reason why I think the fund raise wasn’t a bad thing
Could be another 6 months hovering under 30p….. fait a compli but more waiting ahead
?? that would be a turn of fortunes.. oops
That’s why the next RNS is going to be wow…. CB is out to prove a point after Q1 crash & having his integrity questioned. A bullish interview is a display of high confidence not incompetence. It is only one way for July. £2.50 target is my guess for the month…. We might not get all the updates we’re waiting for but drill results alone will set it up.
Wouldn’t be surprised if CB wanted to keep one mine and do one in JV, I’ve heard him say that a while back
Ok so I’ve not been investing a long time .... but chart and indicators looking good .... when you say ‘rollover’ what does that mean? Trying to slowly pick up some of the trading terminology....
It must be good. He can’t risk loss of credibility. Simples
This is going to be HUGE!!!!!!!!!!!
They know a heck of a lot more than early 2021 —— if they are confident now then I TRUST Craig Brown to deliver!!
July is the month for some excitement
Does anyone think CB holds back all the assays as Creswick most relevant for potential JV? Don’t give away too much info on the rest of it
Feeling much better this morning for dumping my holding here.... time to move on