AJEP, for over an hour this morning trades were limited to £500 max, I know because I bought x3, why was this being held ? Maybe we will see a large trade go through after close....
Theres always different ways to look at things. firstly share price people moaned that they never had opportunity to partake in the rights issue with warrants then share price was 17p. today share price is 8,75p so people got opportunity to load up at half price. Those note doubt that bought high are calling this a dog of a share but nothing changed in my opinion if it was worth buying at 40p or 45p its worth buying at 25p 15p and 10p.
To me we have been shown lots of grades at 1.5gt 3gt and some at 10gt not many of those. However the original drill of the first 10metres was unbelieveable with grades of 172gt 40gt and all way down to 6gt loads and loads of them since newmont agnico took over grades have been 3gt 1.5gt nothing special in my view. so we either drilling the dip or outer areas of apta. We never told of how many rigs are drilling they have been drilling for almost 2 years and with as many as 5 drills running and what we got 35 holes this is shambolic if you ask me.
Per brad our partners have loads of drills above 10gt well we seen note from them.
I just take the view that for last 2 years the gold mining sector has been worst its been in 40 years just like running into a storm this has given all of us including brad the opportunity to collect golden tickets while the share price has been on its knees very little volume of late. But a brilliant opportunity to buy in cheap.
Institutional investors. From what Ive researched is that companies will invest but they want to at a discount to share price and also want warrants as a bonus set out in a given point in future so they have another bite of the cherry. ive recently herd this from a company in America Canada so no premium share price purchases and they want warrants as a bonus so Im not expecting any investors on board til share price hits at least 30p. brads got the cash to sit it out til early next year before going back to markets by then we should hopefully have a few more ares to drill and licences permits for other sites.
Newmont and Agnico are in the driving seats and we have to play second fiddle to them. brad needs to man up and demand more info. still think markets gunna be choppy for next six months til christmas so maybe no great news could do us a favour. hoping things warm up around sept and maybe we get more idea whats happening til then Ill just keep buying every month. Happy Hunting.
Hi Bhargav I dont think our joint venture partners are interested in sharing the info they will want us as cheap as possible and i hope brad has no early retirement plans with his options like my previous employer they got took over and were ready for retirement so a nice pay out.
When playing poker you keep your cards close to your chest and dont let anyone know you have four aces or a royal flush. Think this is where we are now. no info on permits after 2 years we can all blame covid this that and other. No plan of attack no soil rock samples even though we have 30 geologists on site area. Not much info on drill results not much idea on anything if you ask me. But our partners are still here so they must see something and they have the best of everything geologists lawyers machinary knowledge experience if they dont know well they would be gone by now. they have got us cheap as cheaps do they want to buy us cheaper yes how do you do that by giving no info to anyone.
They know what they have and they are playing poker with us. straight faces and smiling to keep us happy or not. brad its over to you. youve got your options for not alot.
Think the markets will keep falling as interest rates keep going up for this year. By end of year most european and america will be in recession so they will like in 2018 start next year reducing rates and QE5 thats when you will see gold fly. it might not affect us straight away but at some point all goldies will fly just like bitcoin did. seen it before and we will see it again. most here will never see it as soon as they in profit they will be off like a rabbit down the field. the wise will wait and see huge sp growth. So Ill keep adding bringing my average down, theres gunna be lots of ups and downs along the road and markets but the patient will win and they impatient will have sold up and gone.
£16m market cap cash in bank 4mdollars and 2m more in september possible maybe another 2milliom in warrants in december. Our partners will spend at least 20m on next phase possibly trebble that. Gold will be 3,000 to 5,000 an ounce by time they take us out. if our partners dont want us the Chineese will buy us if Chineese dont want us then Royal Road will buy us, if they all dont want us then me Bhargav and Dr will buy us between us. 10million ounces at 10m is only a buck an ounce if 20million ounces that 50cents a buck if thats not good value I dont know what is.
We have high inflation high fuel prices food prices labour prices everything is similar to 1970s its just a matter of time and we of course have the best mining companies on the planet backing us so whats not to like except the share price but if you are a buyer its just perfect opportunity. some people are see a gift horse even though its in front of them. I like most have bought very high but keep ploughing money in at lower prices.
Look at Cey down from 220p to 80p look at ggp 40p to 9p look at some silver plays lots are down 75% and other goldies. The sector has been miserable for 2 years just like 1970s. I assure you my colleagues gold will shine and we will have our day. its not about today or the price the sharepirce is today but my plan is 3 to 5 years time so Im sewing planting my seeds now and gunna watch it grow slowly or fastly in next 3 to 5 years if it takes longer so be it. In my book its a buying opportunity if others want to disagree so be it.
you always get the people who are negative. I put my money where my mouth is. Time will tell. if it drops lower ill buy more and more as I believe we have 20million ounces plus and if it takes 10 years Im in no rush.
Compared to the rest of the mkt we are flying…this week is certainly not the week to announce good news, fingers crossed things have quietened down next week.
The tide will turn for us at some point just dont know when. As I wrote last year that today is similar to 1970s and someone disagreed with me and Im saying it again. in 70s there was high inflation high food prices high petrol prices big increases in gas and electric. The fed got no choice for now to increase interest rates this year but this will crush the economy and markets to a point that it causes a massive recession as soon as they reserve interest rates back down to zero gold will fly and they wil start QE 4 bigger than before this is when gold silver will fly. it happened in 1970s gold went up 2 years then declined 2 years then zoomed same in 2007/8 then gold went up 6 times 2001 to 2011. In 1970s gold only went up 22 times. I still think gold will hit 5,000 in next 5 years so our partners will have to dig deep to buy us out. DYOR
My take is the our partners want the Anza project but they want to give out as little info as possible. to me some of the drill results been good but lots have been very poor but again they may be drilling the edges of the project as original drilling by our chap a few years ago were spectacular to say the least. if you were playing poker would you let all your competitors know how good you were answer no. Brad says theres loads of drill results above 10gt but have we seen any he says theres hundreds well to me the amount of drill holes in last 2 years have been poor. they say they have 30 geologists on site well what info have we had. The licence permits have been talked about for last 18 months does anyone know what we have no! eq Wishbone gold and other companies get info out every week or month but with our bunch we lucky if we get some info our 4months to 6 months and its soon passed over. Brad always bragging about how hes helped the share price move from 2p to 44p all down to brad well brad its gone from 44p down to 8.5plow thats not too smart for us.
So in summary we have not got a clue whats happening and Brad may know he may not and I doubt wether things will change. Brad got new projects as we will at some point get bought out and he wil need cash for them projects. The directors and JV partners only thinking about themselves they will want to buy it for as cheap as possible but one day they will have to start drilling these other areas. They will keep everything to themselves and throw us a few scrapes if it pleases them.
However Brads got millions of share options at a good price and so can just sit it out without any risk to himself or the other directors. personally I dont think they deserve any options if it was down to me it would go on share price appreciation. This is my take DYOR Ill keep buying while Ive got cash available.
As brad says 5 drill holes in lab that was 25th April almost 2 months ago. In last 24 months they drilled 35 holes can you believe that that 1.5holes a month. Unbelievable they have alot more drills and info but just not handing it over. However balls in their court and theres note we can do.
Only positive as the share price has been low we all had opportunity to pick up cheap shares. theres always 2 ways to look at it.
Most are under water except afew its a waiting game.