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Ask yourself why this may be the case…. Significant quartz intersection … maybe they want to bundle that news with other news and release a banging RNS…. As opposed to releasing results of 1 or 2 holes…. There must be a degree of tactics and planning that goes into RNS’s
I bought in partly because I thought what a great story… small Biotech from up north coming up with best in class testing; quicker & easier and exactly what Boris was after —— sovereign all the way. This is going to swing into view at some point. Or has that horse bolted now?
Nice to have a promising update like this one…. Such a small market cap…. Easy to see multiples if this develops further
I think this week will bring….. a rising gold price….. new licences….. fantastic drill results….. and see u later 1.6p
Piled in at these levels…. Best time to buy straight after a duff trading update
I think we’re nearly there… or at least tomorrow we will be nearly there…
What’s the court process if the last bank keeps sitting on their hands? Surely at some point the courts have the powers to push it along? Thoughts on this
I predict more losses for cs123 for making ill timed investments ;)
If there is a pattern it drifts to 25p and then the next upturn to 29p happens, and then we start wondering again when it will happen….
This could drag on and on. Only choice is hold or sell. Seems like some choosing to sell on the update as who knows when this lands…. I chose to hold and wait…. Outside Amapa the other investments doing fine
You say masterstroke. But
That was always CB’s plan
So I think he’s played it right as he’s thought about long term shareholder value all along….
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