The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I wish Bill would prepare for these interviews. After all, he knows what questions are being asked. He knows what he's doing, but why not explain the funding allocation the Mexico permitting situation properly.
smiller, Bill has stated on a number of occasions that he wanted to diversify the risk. I agree with this approach. I can't see the logic of ignoring the considerable upside potential of the silver and PGE assets. When the permits for Mexico arrive we can explore from now and into next year, unlike WA which will likely get too hot early next year. What happens if we find the source of the copper at Donovan 2 and we need a drill campaign? In addition we need the ability to expand existing prospects with additional tenements for the company to grow. It is also important to consider the world economic backdrop that could affect the ability for small companies to raise cash, not to mention covid. I think Bill has de-risked considerably and guaranteed our ability to expand and move forward.
myavian, it's not group think. I know you find it difficult to believe that others may have a more positive outlook. This would explain why you feel sidelined, as your post always have a negative or pessimistic tone.
Makes no difference rugs. Many junior explorers have billions of shares issued. It's no different than say GGP before the Havieron discovery. The difference here is that we know we've got iron ore and silver - it just needs quantifying.
So the mcap will only be 39 million at an SP of 1p. Currently under 35 million.
Parkboy, we already had close to 3 mil in the bank, so another 3.5 mil gives us over 6 mil. Its more than enough to accelerate Hank0ck, EH, and be ready for Mexico.
Of course, none of us knows whether Bill has his eye on another strategic acquisition.
Another positive is that the placing might have triggered the ejector seats on all those short term traders :)
picax, it knocks trader confidence. But not investor confidence. The only people who can't see the placing as positive are those who expect to cash in before Christmas.
Current mcap is 34 million. What a bargain. Soon be 60 million.
Did you see those finer grained cores at the bottom of the hole? Many veins and peppered with chalcopyrite throughout. Looks promising.
Drill hole 5 could be a game changer, especially if they hit the top of a higher grade ore body.
David price has said they would drill as long as possible before the wet season - he thought possibly until mid December. Drill cores are being sent to the lab after cutting logging as each hole is processed, so not waiting for the drill campaign to be completed before sending to the lab.
Still only 40m mcap.
Potential catalysts in Q4:
1. Elizabeth Hill drill results and next drill program.
2. New drill program for Hanc0ck iron ore.
3. Exploration permits for Brockman license.
4. Permits for Mexico silver.
5. Donovan 2 copper findings.
Maybe these coming events explain the rising share price.
At 1.15p we are still under 40m mcap. Unbelievable.
5x5, yes that's true. But modern standards mean that many of these old measurements can't be used, so unfortunately they have to validate and prove it using current standards.
The aim of the current drill program at EH is to define an initial JORC resource. We are at the resource definition stage, which means we could get an inferred resource greater than 4moz.
cjmorley, I know exactly what you are doing. You are just trying to provoke a reaction with your sarcastic comments. If you can't understand the meaning of comments you need help. Nobody has said that we already have a JORC for EH, now stop your nonsense.
Don't forget the Mexico silver - San Celso and Los Campos as well. There's also the new Andromeda extension to San Celso, which is a continuation of the Andromeda vein with high grade surface readings. The drill permits could arrive any time. If we take all 3 deposits together it is potentially a lot of silver.
cjmorley, how do you manage to invest in stocks if you don't know what's going on? MAX is referring to the plan to get Elizabeth Hill to a JORC measurement, as Bill has already explained.