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Flying today.

Little detial on the RNS about the proposed farm in.. but the traders have piled in anyway.

SP has flown up through the levels required for those BoD warrants to be in the money now.

They are going to have to provide some more detail on this farm in.

A few years ago, I recall a similar pump when a proposed farm in was discussed but it never came to anything.

Let's see.

Going back 3 years or so, I remember CORA being called the hummingbird 2.0.

Well with Hum disposing of their prime assets at firesale values, CORA could potentially overtake them in terms of resource size and it doesn't have all fhe legacy issues that HUM will need to address.

CORA looking far more compelling than HUM now!

Nice momentum play this past week with the underlying fundamentals supporting the re-rate.

Might start to see some cash move in from HUM investors into CORA.

Nice little tick up again today!

Like clockwork...Almost everytime they release an RNS........

......... down the SP goes....

Noticed this has been waking up this week.

Horult, are you still in here?

Can't remember if LW used to be in here also?

Lots of boxes already ticked here if licence is signed off.

Seeing a bit of a pullback after US market open (surprise surprise)

I finally took some profits earlier in both and now just watching the chart action as fundamentals remain intact for PM's but a bit of a breather was needed imv as gold has just relentlessly moved north pretty much non stop for the past 12 months.

Silver more volatile, but that's always been the case.

Still got some exposure to both, but couldn't resist taking some profit earlier on and silver was pushing back up against resistance levels seen back in May.

Exploration Licence 08/3497 is undoubtedly showing signs of hosting the largest anomaly, I would imagine this is a high priority target for the initial drill program.

52/4391 and 08/3744, adjacent to 08/3497 show signs of 4 further priority drill targets and adding these brings together a compelling land package that potentially hosts multiple mineral rich deposits.

Gold and Silver continue their run

https://www.kitco.com/news/article/2024-09-25/gold-price-hits-another-all-time-high-bullish-fundamentals-technicals

with platinum joining the party.

https://www.kitco.com/news/article/2024-09-24/precious-metals-march-higher-new-ath-gold-steady-gains-silver-and-platinum

If the February highs get taken down then we are firmly into breakout territory here and next targets would be around the 0.4 levels.

Looking strong so far.

Enjoying seeing this rise for all that are in.

The junior gold exploration sector has taken a bit of a kicking over the past 3 years despite the gold price strength.

Crypto, NFT's, lithium, helium, AI and all sorts of alternative speculative asset classes have turned investors heads over this period and enjoyed their time in the sun.

I think we maybe at the very beginnings of a major rally in the gold juniors.

It is long overdue a dramatic turnaround in fortunes.

Would love for one of these little micro cap goldies to go on a major multi- month news driven rally to really wake the wider market up to just how oversold this sector is.

GLA

Another former mighty one that has fallen all the way back................... and potentially finally entering overshooting to the downside range.

Watch list.

Been out a long time since a short term trade off the Feb lows.

SP has been heading back down on the chart this week.

Everything I said about this share 2 years ago regarding their short cycle assets has played out.

However... Malcy and some others are apparently getting bullish about the 2025 prospects here.

These things often overshoot to the downside, then bounce before moving into price discovery.

Back on watch list.

Dai - are have you kept close to goings on here?

Looks like a organised DDoS attack against this LSE site.

https://www.cloudflare.com/en-gb/learning/ddos/what-is-a-ddos-attack/

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They should be able to sort it out, but will result in slow running for a while.

https://*************.com/views/76571/zephyr-denies-its-fundraise-ahoy-whatever-you-say-chaps

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https://*************.com/views/76574/evil-banksta-calls-out-zephyrs-placing-denial-statement-as-hogwash

After hitting 500, and then dipping back to 460 range this past few weeks has actually been one of the sharpest pull backs on the longer term chart.

Agree with all of that.

As I posted a few days ago.

Never get too obsessed with a share either in a positive or negative way .

AIM can be a brutal market.

"Where dreams are made & broken"

Well at least that's closed the gap on the chart from back in Sept 2020 :-)

Https://www.kitco.com/news/article/2024-09-10/nothing-stops-train-nothing-lyn-alden-us-deficit?utm_source=site_navigation&utm_medium=sidebar_link&utm_campaign=trending_news&utm_term=silver_ab_sidebar_news

"The U.S. federal deficit currently stands at $35.362 trillion, its highest level in history. Despite politicians' lip service that reducing the debt is a priority, one analyst says meaningfully reducing the debt is unlikely as the world faces a potential global recession. "

The FED could cut 50bps next week.

.......More interesting is probably how the US election is going to play out ....

We all know how wrong the polls can be

They do however paint a picture of a very close run thing, regardless of what the MSM have been saying..

They are actually discussing this on CNBC right now.

Basically some sensible acceptance that the several trillion dollars in stimulus that the fed pumped out during covid, juiced the markets massively whilst racking up more US sovereign debt.

Cash > money markets presently at ATH's (backing g up LW's shift into cash)

US Growith > biggest outflow since June

US Tech > biggest outflows since June

Financial > biggest outflows since Nov '23

Precious Metals > have beeb on a run.

Next inflection point

FED MEETING NEXT WEEK..... everyone is saying the fed is behind the curve in terms of rate cuts. So how aggressive do they cut?

We will find out next week folks....