Member Info for Prospector

Academy, spot on. That's it precisely.

What this means is they intend to fast track Scallywag, removing unnecessary delays in future applications.

... and don't be surprised if we receive an offer for Havieron later this summer.

Now that NCM / GGP are making this move, more institutional investors will be taking positions.

We need to get some drill cores out of Donovan2 this year

https://www.mining.com/copper-price-rally-builds-as-chinas-spending-balloons/

Greatland to be included on AIM 100 index from Monday 22nd June

https://twitter.com/GreatlandGold/status/1268458433784582145

trucky. Lol.

The ECB has just opened up the spigots again to pump another 600 billion of fiat into the economy.

U.S next in line.

What kind of person spends so much time constructing so much negative narrative loaded with conspiratorial content about a company they are not invested in.

Donovan2 could turn out to be a massive VMS deposit with high grade copper and gold along with other metals.

Ramping is good :)

Mr Triumph,

OK, let's go back and start at May 2019 then:

14/05/2019 - raised 300,000 - spent on exploration
28/06/2019 - raised 350,000 - spent on exploration
30/09/2019 - balance 400,000 - Interim results
25/02/2020 - raised 700,000 - Very little spent
11/05/2010 - raised 275,000 - Very little spent

have I missed any anything?

But all they have been doing since the lockdown is sitting at home and compiling data, with barely any travel expenses. They raised 700k in Feb + another 275k last month. I think the CEO has been building a little war chest in readiness for the big push on exploration. I might be wrong, but that's the way I see the situation currently.

MrTriumph, you are right that more needs to be done to demonstrate the value of doing a JV on the silver projects or the Donovan2 copper / gold project. However, UFO are not a one trick pony now. We already have a JV on the Hamersley projects and look what's happening to the iron ore price - here, we need to find a decent ore body extension from adjoining licenses, and if we do it's a game changer. The cash held currently is enough to put in a few holes here and there, but this is very early in the development of the company - just like GGP many years ago, which also had no volume in the market. As I often say, to make big money you have to be contrarian and buy when nobody else is buying, then wait. All you can do at this stage is do research and invest in people and projects you believe in. There's absolutely no point fretting over liquidity, spreads, or short term movements at this stage.

moving in the right direction now. We have a long way to go, so lot's of patience needed. A JV on San Celso would be nice to get things started.

Two horseshoes.

Looks like a combination of factors here. As well as positive sentiment for gold, it appears the Havieron deposit is expanding fast - there's no way all those drill pads in the south west are anything other than more mineralisation.

Maybe Newcrest got their drill jammed inside a 5 tonne gold nugget.

I'll bet that most of them were in at 9 and out at 8.5.

AM90, don't you see the current market bid / offer when you actually make the trade?

The other thing is that the offer might be at the best price the broker can get. But if there are many buyers, the faster brokers will get their orders in first and by that time the offer has changed.

tiggerman, so are you saying that MM's are forcing people to sell? How exactly are the MM's doing it? I agree that MM's do have shares on hand at various times and adjust the spread in response to market conditions and volumes, and as a result buy or sell limits may get triggered. I think maybe these ideas put many people off markets.

My Mrs is too scared to buy shares.