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Because you want a company representative to manage your insecurities and short-term proclivities as well as communicate news. Maybe Rod is busy negotiating deals and doing detailed planning - did you consider that?
https://www.eadt.co.uk/news/business/solar-farm-developer-eyes-up-bentley-site-9303788
Max, part of the recent placing was specifically intended for acceleration of Munni Munni exploration. But they will do a certain amount of surface work first before drilling. Looks like that has started.
That's the plan for EH, to get drill cores from the mine shafts.
Not if you believe in the huge upside and value you don't.
Rod strikes me a very rational and focused guy, not open to hyperbole and guff. A good start. Let's see if it continues.
"When an opportunity arises, step up to the pie cart with a large pan"
- Charlie Munger.
28mt high grade DSO defined right on the tenement border in the north east, and you could probably follow the geology to the south west. You only need one similar patch within the tenement and you're in business.
Isn't the deadline for HMRC 31st January?
Don't be ridiculous. It's not 5% of US$500m. The Havieron resource is worth £3 - 4 Billion, so 5% is £150 - 200M.
The interesting thing is that the GGP share price hardly moved for a year following the JV with NCM. But the market cap was around £64M after pulling out bonanza gold intercepts at Havieron, not 1.5g/t.
That was the best interview to date, by far. He looked very relaxed and confident.
We need to locate one of those underground mushrooms??.
The potential here is enormous.
Steveiom, what cash burn are you referring to. The actual cash outlay for acquiring Munni Munni is minimal and most of the Hanc0ck drilling has been low cost. Obviously diamond drilling is more expensive, but the overall cash used is nothing like people imagine here. We have over £6 million currently and an iron ore deal is on its way. All equities are getting hammered right now, but those linked to global GDP will be the hardest hit. It has nothing to do with UFO specifically.
The good thing about all this is that it shakes off a good number of short term traders, so paves the way for solid and steady gains in the following months based on progress.
This kind of publicity from Shares Magazine we don't need. Now principally in Australia, not Mexico. Also, it's not surprising the SP is where it is if people don't understand that the iron ore is the main and current focus. Developing the Munni Munni complex and EH silver is a longer term project.
Scrape it off and ship it out.
More likely to be an offtake agreement or buyout. A JV is probably the least likely.
smiller, that's not how the business deals work. You can't just wait and hope an opportunity is still available in another year. When an opportunity presents itself you grab it.