Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Re MRE I was quoting what the video was saying….Q4 is Oct-Dec However none of us really know when it will come. At the moment we await 7 drills if I remember right, depending on how well they are doing with the MRE and whether or not these results will be added in I have no idea, but it will be interesting to see when it will come and how much of an upgrade we have.
Thanks all for your input it was very interesting to hear your thoughts.
https://youtu.be/brFPUB-kvb4
Here’s the video worth another listen For clarity.
Times to note
7.40 update resource is coming October
14.40 About the MRE the updated resource will happen in October just tying everything up for it.
15.40 Bill “believes” there’s 4 million Oz there now.
16.08 main aim to get a perceived 2 Moz
16.28 Bill “believes” we’ve got a “perceived” 2 Moz now and he thinks they’ll see the same thing.
17.52 were fully funded we have sufficient money for exploration and hopes it turns up another prospect.
Lots of other good information it was a very good Q&A.
My thoughts FWIW
We have had some marketing by the company with the presentation Bill did with Sarah Lowther then we had the Q+A with Katie Pilbeam, Total market solutions did a piece on us then we have had the Cenkos research note 64p plus all the tweeting the company has done.
My view is a marketing campaign won’t start properly until after the MRE and also the website won’t be improved until after the MRE and PEA.
Regarding the marketing the company has said all it can say up to now, there is nothing new to be said only the last lot of drills to come and then when we get the new MRE they will be able to promote the company with new information and plans going forward.
Regarding the website my thoughts are that it can’t be improved until all the new information has been collected and the MRE and possibly the PEA are done, that would make sense because it’s pointless to do it without all the new information that’s to come being added.
According to Bill the MRE is reported to be completed in October however they have communicated Q4 which could mean Oct -Dec Bill thinks we have 2Moz now if that’s the case the Sp should rocket. Let’s see how it plays out have a good day all.
Wonder which one of these will take us out? Or JV with us?
Good article worth reading.
https://www.mining.com/ranked-canadas-top-40-miners/
How undervalued does the market really think we are ? Seen this tweet please vote all.
https://twitter.com/chrissygun/status/1429421922543091713?s=21
More gold found and still 11 more drill assays to follow as per RNS
2020-2021 Drilling Programme:
The Drilling Programme, consisting of a total of 23,000 metres of HQ diamond core drilling, commenced on October 15th, 2020 and was designed to further infill and extend the defined BAM Gold Deposit resource of 1,015,000 ounces.
To date, a total of 21,733 metres of HQ diamond core drilling, comprising 94 drill holes, (0420-725 to 0421-818), have been completed.
The programme consists of four sections:
1) Extension and Exploration from 3100E to 5000E.
Completed 6,042 metres of HQ diamond core for 30 holes.
2) Extension and Exploration from 200W to 950E
Completed 5,562 metres of HQ diamond core for 23 holes. Assays are outstanding for 3 holes.
3) Deepening and Extending the West Pit from 1,000E to 2000E
Completed 4,093 metres of HQ diamond core for 19 holes. Assays are outstanding for 3 holes.
4) Deepening and Extending the East Pit from 2100E to 3,000E
Completed 6,036 metres of HQ diamond core for 22 holes. Assays are outstanding for 5 holes.
Low discovery cost: US$8.47 per ounce gold discovered
High drilling success: 22.2 ounces of gold for every metre drilled on the BAM Zone
Post Tax NPV at US$1,700 gold = US$283m
Drilling Campaign completed
So we can expect assay results soon on the last 19 holes now that drilling is complete.
And then MRE in October.
Check out the RNS dated 20/07/2021 this below is from that RNS.
The programme consists of four sections:
1) Extension and Exploration from 3000E to 5000E.
Completed 6,042 metres of HQ diamond core for 30 holes. Assays are outstanding for 8 holes.
2) Extension and Exploration from 200W to 1000E
Completed 5,055 metres of HQ diamond core for 21 holes. Drilling continuing with 2 holes to complete
3) Deepening and Extending the West Pit from 1,000E to 2000E
Completed 3,464 metres of HQ diamond core fot16 holes. Drilling continuing with 1 hole to complete
4) Deepening and Extending the East Pit from 2000E to 3,000E
Completed 6,036 metres of HQ diamond core. Assays are outstanding for 8 holes.
https://twitter.com/chrissygun/status/1426956175493500930?s=21
In 2017, Sandstorm Gold took over Mariana Resources at an 88% premium over the 20-day volume-weighted average price (VWAP).
In 2016, Seabridge Gold bought Snip Gold at a 115% premium to the 30-day VWAP (which was 124% over the share price the day before the announcement).
In 2018, First Majestic took Primero over at a whopping 200% premium to the 20-day VWAP.
Great—for those who get in before the takeover offer.
Just a little something above for investors to think about.
I think we will get a take over offer it’s just a matter of time now.
Reposted because My post seems to have disappeared.
In 2017, Sandstorm Gold took over Mariana Resources at an 88% premium over the 20-day volume-weighted average price (VWAP).
In 2016, Seabridge Gold bought Snip Gold at a 115% premium to the 30-day VWAP (which was 124% over the share price the day before the announcement).
In 2018, First Majestic took Primero over at a whopping 200% premium to the 20-day VWAP.
Great—for those who get in before the takeover offer.
Just a little something above for investors to think about.
I think we will get a take over offer it’s just a matter of time now.
Dear sellers.
“Patience is a Virtue”
When some people want something, they want it now. They demand to have it now. They don’t have time to wait. They will take what they can get now, rather than waiting a little for something better.
We’re all equally guilty of wanting something immediately, or sooner rather than later, at one point or another. We can’t afford to wait. Time is money. Waiting means we won’t have what we want today. We may miss out on something we can experience now. We don’t want to wait for tomorrow.
Even when we decide to wait, we become jittery. We don’t know what to do with ourselves. After a while, our patience wears thin, and we begin looking for instant gratification. When we get it sooner than expected, we heave a sigh of relieve. Aaaaaahhhhh, we got it.
But did we really get what we were waiting for, or did we lower our standards to get it sooner? We accept a smaller piece of what we were waiting for in exchange for instant gratification. Why not, tomorrow may never come. Why not take a little less today? Why not get some gratification today rather than a lot more gratification tomorrow and possibly the rest of our lives? Because today is here and tomorrow may never come.
This is an instinct we’re born with: the instinct to satisfy our needs whenever we’re able to. This is an instinct we picked up from the dawn of time: take what you can now, since you may not get the chance tomorrow.
Patience goes counter to our instincts. Patience is something which must be learned and practiced. It isn’t something which comes naturally to us. Those who master patience become more successful than those who can’t. They know that waiting for long term gratification is much better than accepting temporary instant gratification. They know that going slow and doing something right is much better than rushing and doing half a job, or worse, doing it wrong and having to repeat it, which will take longer than if they had waited. These are the people who don’t have the time or money to do something right, but manage to find much more of both when something breaks and must be fixed now. These people are you and me.
This is why patience, being able to wait, is a desirable quality. It is difficult to have the moral integrity to forego instant gratification in exchange for something better at a later date. This is why it is a virtue.
Those who have that virtue have truly understood that it is better to wait for tomorrow to take the full reward, rather than taking a small sample today.
I used to own Marl and made serious money, they got taken over for £167m as per link below, they only had 30% of a 3,45millionOz project in Turkey called hot maden a few here will know of it and that’s why I’ve bought in to LND this company has so much more. Better jurisdiction, better assets and a better team who have over the years proven up other projects that have returned good profits for shareholders. Strong buy imo.
https://www.proactiveinvestors.co.uk/companies/news/176898/mariana-resources-agrees-to-be-taken-over-in-a-deal-that-values-gold-digger-at-167mln-shares-surge-47-176898.html
RIO TINTO COMMITS $2.4BN TO ARRIVE AT LITHIUM’S MAIN STAGE
27th July 2021 Lithium
Rio Tinto has committed $2.4bn to take its Jadar lithium project in Serbia to full production of 58,000 tonnes of lithium carbonate by 2029, as it targets entry into the lithium market and the energy storage revolution.
One of the world’s biggest miners and commodity players will evolve into a chemical producer to make battery grade lithium carbonate from an entirely new mineral source, jadarite, for which it will build an underground mine.
It will also produce nearly three times as much boron and five times as much sodium as part of the process.
Rio Tinto expects the first saleable production of lithium carbonate to be in 2026 with a ramp up to full production by 2029.
It has targeted an initial mine life of 2.3m tonnes of lithium carbonate over 40 years and the company explained it was still awaiting all the “necessary permits”.
“This is a significant moment for the lithium industry,” said Benchmark’s Managing Director, Simon Moores.
“It marks the first time big outside money from a single miner or chemical maker has entered lithium and invested in an entirely new source.”
“While expectation is that Rio Tinto will produce lithium carbonate at a run rate of 58,000 tonnes at full production, the strategy is usually more aggressive once proof of production is achieved and the product is accepted by battery and EV makers,” he added.
Benchmark’s Product Director, Andrew Miller added:
“Commercialising the new technology required to progress the Jadar project will take time, but its potential scale could put it amongst the largest single lithium production sites globally by the end of the decade.”
RIO TO HAVE 5% OF LITHIUM MARKET, EXPECT MORE TO COME
Rio Tinto has been particularly cautious with its lithium strategy to date and whilst investing in a new mine, chemical plant, and process is a significant moment, it only means as things stand the company will produce little under 5% of the world’s lithium chemicals in 2029 (Benchmark data).
In lithium carbonate terms, however, Benchmark anticipates that if Rio Tinto hits its production run rate in 2029 that it will account for 9% of the world’s lithium carbonate output.
Rio Tinto can expand Jadar to 120,000 tonnes/year of lithium carbonate but the decision will likely take place in 2027.
There is little doubt that any new supply of lithium carbonate that can be used in a battery cell will be in high demand as the great raw material disconnect continues to widen.
Benchmark is forecasting a significant lithium supply deficit of 915,000 tonnes LCE in 2029 even with Rio Tinto’s new supply coming into the market.
This is a supply-demand gap that is more than twice as large as the lithium market will be this year.
One expects, however, for Rio Tinto’s plans in Jadar to aggressively ramp up once its commercial production is confirmed and end users qualify the material.
It also sees Rio Tinto enter the lithium market in a serious way for the first time, opening the door to future acquisitions of both hard rock miners, brine extractors, and chemical makers as the world’s third biggest commodity giant positions itself for the electric vehicle ramp up.
Considering Rio Tinto’s potential future profits from other commodities especially iron ore, lithium M&A is likely a formality in the coming years.