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Seingred I am some of the valuations are unthinkable, but i say but what about crypto Ive yet to meet anyone who understands it. and yes they have flown hundreds thousands of a percentage. but has any paid a dividend has any got a profit have any got an asset.
Just saying that thousands of shares go from nothing to mega super astronical valuations on jack Sxxx. eg Baltimore techologies, a few quid to 6billion then bust, Kingson comms over 6billion £2.00 to £17.50 6billion then 10p.
ITM power a few pence to 750p valuing it at 3,5billion their turnover was 9m loss 21m now 70pish from 750p.
The internet stocks went from nothing to billions no profit no assets no nothing except momentum and people thinking it was the best things since slice bread.
Facts are we going to see a massive bubble at some point in gold silver and esp mining stocks. Like all other sectors miners will have there day. whether this is next year or in 3 years its coming . Id sooner put my money into an asset backed company that something I dont understand. I may be boring I maybe not bright but steady away for me.
The current valuations on goldies as you know are mega undervalued so dont try to pull that one.
Agree Chickenlegs Brad need to bring his A game here Massive Elephant country and Rabbit out of hat time. WE need all ducks lined up. Newmont and Agnico should have handed info on sampling and Drilling to Brad which he says they know alot more now than they did 3 or 4 years ago. JV team been soil sampling in south for 12 to 18 months so they should know some detail. They spent 10m on drilling and soil sampling. So over to Brad elephant country will be back.
Its great to see you back to your old self confident as ever. I agree with what you saying and have always said that a deal in principle has been agreed and just waiting for lawyers to finalise. This maybe soon by the way Brad spoke of in his last interview. But we all know brad and a few days to him could mean a few months 6 months to us with his past record.
Time is of the essence as the money is burning fast. I think 2024 will be alot better year that last 2 years more drilling not much to beat there as non in last 18 months. and gold should hit all time high 2300 to 2535 is my guess. So should bring alot of attention to the gold market and smaller gold miners.
I may add a few this week too and looking by the state of cash burn it looks to me we will be out of cash by July or even June 400k pm, so I would expect a raise June or before depending on how share price goes. Cant see other projects moving share price much on a weekly basis. Hope Im wrong and theres lots of good news.
JV would be best outcome but if its took 6months or more to just agree to get 51% back cant see how a JV agreement gunna be drawn up overnight as there will be lots of negotiations on both sides give take. So to me a raise when share price raises would be best out come say 5 or 6m that would give them breathing space and a bit of cash to put towards other projects while they get Anza back and drilling.
All guess work and yes share price will come back at some point on a raise.
Im only guessing I think we have less than 6 months cash left. it would be great to get a JV first but as I said before clocks ticking and a JV may take time so just guessing we have to pay for other projects so they wont wait, so my best guess, if they did raise that will give bod time to sort out JV and do other work pay bills on these other projects for a while.
rad said for last 2 months we hope to get the 100% of Anza back. How long would a JV take a week a month 3 months. How long can Brad stall on other projects at some point they will require big money for drilling and payments up front.
We aint got years its a matter of months of by raising on good news will give them time to sort all other business out. This is my guess and thats all it is guess work. But reality is cash is running out and clock ticking. Bod will raise that for sure which buys us time.