Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Andrew Webley
? @asjwebley
13h13 hours ago
Good trip to London today for the #GWMO investor presentation - key point is this year's activities are funded - so no near term placing - short term gold & silver looks exciting too. Not a rampy BOD but very honest - looking forward to news flow now.
SuperRoty, the placing stock was likely all sold before the news landed as I believe they are often forward sold. Therefore its not really worth anyone's time to investigate such a thing. It was a well timed placing from the perspective of a shareholder.
This board is full of the same doomsayers we had when the JORC was revoked and it fell to 0.7, three months later we hit nearly 2p. This is a normal drilling issue, they have other holes in the works and I don't see anything of major concern at the moment.
Overreaction here I think. Problem was that they were unable to drill through a section of that area to get to the target area, not that there is not copper there. Not everything depends on one drill hole, we need to see the bigger picture here.
The company has previously said that they will only investigate this once they have proven up enough resources and obtained a truer picture of what is there to ensure that they maximise shareholder value. I think the share price could be multiples of what it is now before that is even considered. Just imagine where we would be after a takeover/JV.
6) We know 100% that they have found something in the first M2 ST hole and that they may also find what they expected after this zone so that would make 2 discoveries in one hole but it's just the initial assays which could be gold, copper, silver or anything else that we are waiting on Can you expand on this? How do we know this? I thought results were still outstanding. Thanks