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Takers already
Western Areas Limited, a company incorporated and registered in Australia, by virtue of its 67.79% holding. They hold most the shares - they float on the Australian stock market with a MCAP of 1bn+
Drill programme people - lot's of updates to look forward to
It sure is, this has got to push to double figures soon "We have an impressive 100% hit-rate from all seven of the holes drilled to date. The key challenge now is to delineate where the highest-grade zones of massive sulphide mineralisation are located and define its extent. Once limits on the overall extent of the lode are better defined we can begin to target specific areas to drill in order to define high-grade resources."
- Discovery of a new high grade polymetallic ore lode at the Hammaslahti Project which encouragingly is relatively shallow and proximal to the historic pit and underground drives - Solid cash position of £1.5 million and fully funded for rolling drill campaign - Proven Board and management team with extensive experience in identifying and developing quality resource assets - Discovery continuing to grow, results including high grade copper, zinc, lead, silver & gold! - Looking to drill further in all directions, with reporting these assays when they are available - Regular updates - Confident & consistent BOD interview recently under media tab - Broker rating of 8p – BUY – Current SP: 2.50p
This drill programme is fully funded, so I don't see why not!
Are buys
"We believe that due to the lack of historic near-mine exploration conducted by state-owned operators, further lodes exist in proximity, and naturally we will focus on identifying these going forward as part of our rolling 10,300 metre drilling campaign. This way, we hope to start understanding the full potential of the Hammaslahti Project, and to identify the highest-grade portions of the lodes."
Not yet.. Zak Mir quoting 2.5 perfect BUY opportunity level, if it stays around...
BUY @ 0.0285 SELL @ 0.0265 Spread: 7.5%
Coming in.. Hopefully sentiment is setting in now. Plenty updates to look forward to here.
Morning, The share volume has picked up in recent days, and as one of the many investors now looking upon FinnAust's future, I am no doubt also one of many anticipating future updates on the Finland & Austria projects. I few particular questions that have been highlighted to me and others on bulletin boards discussing LSE:FAM, have been; A> What time scale can we expect on the Assay results on the extended lodes which have been drilled in 'all directions' being report? B> When will a 'Resource Estimate' roughly be produced & reported to us for the Hammaslahti Project? Your detail will be greatly appreciated by not just myself but many others. Kind Regards Joe -------------------------- Will post back as soon as I hear a response
All previous above 4.3 / 4.4 look like buys to me... Shame they're putting on a 'fake' spread, probably putting off a few people, steady buys coming in though recently.
Looks promising here, - most recent RNS reads well - broker rating to BUY @ 8p - BOD seems to be consistent in his most recent interview under the Media tab - funding in place throughout drilling Am looking forward to the updates to come on the forthcoming holes!
Thanks for your reply. Yes, they look well established, and I think with countries and governments (and the world really) becoming more & more 'green' concious, many more contracts and sales are to come this year.
Excuse the ramp but, a progression to half of this is realistic over the next few months considering the capital they have with this new investment, expect a huge jump after lunch. View their charts - DYOR.