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Quite some time yet, we haven't scratched the surface with drilling.
We may get a JORC for an area, similar to how GGP have.
Funding will be key going forward, what we do know is the next round of 40 RC drills due to commence in Feb are funded.
That will be 75 further drill results plus ASX and CSIRO reports in.
If as expected all goes well, cornerstone investors/nav partner/partners will be all over us.
Exciting times ahead.
Remember.....no duds
Pretty much played out as i have been saying over the last few days…seller looks to be out and the MM’s knew this was the case.
This explains why they were happy to take large quantities as they could sell them higher.
Don't forget the Lithium…
Starting to move…blockage may of cleared…
We don't, however if the sp moves on freely tomorrow then they've either cleared or resting.
RE: Consolidation3 Jan 2024 20:22
Personally I don’t agree with this consolidation even though it very healthy,the last two days the price has hardly moved if you take in to account yesterdays open.
We either have a seller/buyer or both on board.
I tend to believe it’s a buyer, the MMs have offered just below the ask for 700k all day yesterday and today, the sp has hardly moved even though we are far stronger on the buy side.
Once the trade is completed we will move forward imo, we also have 35 drills results imminent, then results from ASX and CSIRO…
It looks like I was right..something wasn't adding up,we will find out tomorrow if it’s cleared..
Remember …no duds
Another huge delayed trade,£203k, that explains the non movement in the SP
Can sell higher than buy atm…11.04-11.018…
Jascon,as i said yesterday…background seller is possibly the remaining funding shares.
However we also have a buyer, MM’s still happy to take 900k above ask.
I expect further RC drill results next week, maybe AXT and CSIRO also…
Remember…no DUDS
Added another 100k…looks like it tipped us in to the blue….
Followed you Rupple with another 100k
Showing on AQUIS Rupple, MM’s will now take up to 900k, someone wants them…
Personally I don’t agree with this consolidation even though it very healthy,the last two days the price has hardly moved if you take in to account yesterdays open.
We either have a seller/buyer or both on board.
I tend to believe it’s a buyer, the MMs have offered just below the ask for 700k all day yesterday and today, the sp has hardly moved even though we are far stronger on the buy side.
Once the trade is completed we will move forward imo, we also have 35 drills results imminent, then results from ASX and CSIRO…
Exciting times..
Agreed DNP, same as yesterday, then a 950k buy turned up
Nobody likes a rights issue but its inevitable. A company i once held had 25 rights issues in 25 months that was shocking. Lets hope brad gets some investors on board behind issuing paper.
Still think a deal has been done and awaiting Newmont board approval. Lots of news coming in first half of year.
Printerman, we should soon have AXT and CSIRO results, could land anytime, we also start the next stage of RC drilling in Feb…
Seingred you done brill we know what you saying with mega valuations but the market have been the worst in 30 or 40 years so only way up. Agree massive dilution might come and yes JV partner needed and yes need loads of cash for other projects. We only got 200m shares.
You cant value company today in same light as in a bull market. same wi crypto currencies most will go bust gold is gold and will always have a worth. Same as property its only going up over time.
seingred we get the point but just look at the very very depressed the miners have been for 3 years they will turn at some point. its like comparing recession with a recession or boom bull run. or dot com days when everything was booming even though it was a bag of ****.
if youre so negative why keep buying. im not saying this that or other like some but omi is worth more than 5m.
and yes they will need to drill drill and it will be costly and thats why they will have to raise for other projects too and a jv partner is a necessity.
gold silver aint going down we seen the bottom only way is up. tell me im wrong and thats why youre been buying. simple as. good luck to all.