Member Info for Sanboy

The basher then you have the Silver and Copper ;)

San

So I'm not sure why this share can't get to 2p, 10p, 20p, 30p. Nobody knows what's in the ground, nobody knows whether a major wakes up and fancies a taste of our copper find. GGP was diluted significantly and it went from an MCAP of 30+million to 1.3bn in 12 months. I'm not saying this will be the same but there is no way of knowing what this year will bring. I suggest ignoring SP and just enjoy the journey. Personally I think that if this company hits some strong results and a major likes what they hear 100m mcap in a few years is achievable

San

Remember if there is a placing it should hopefully be to drill more holes, which is positive. Plus I expect placing point will be much higher than current price. The 2 million will run out, but if they say I now need another 2 million to drill more holes because there is a lot more than we thought then that's all good

San

As I mentioned on the Telegram chat, this SP will move north closer to lab results and potentially a slight sell on news. However, take a look at similar explorers on AIM, all have an MCAP of 15 - 30 million based on initiation of drilling. We expect to start drilling in Feb/March time and our MCAP is just north of 7m mcap. The tailings wont push this up significantly, but drilling commencement will. I expect us to be at 15m mcap upon news of drill commencement and 25- 30m mcap on results which I hope will state high grades at shallow level. Remember that this is only for MJ, we have 2 other projects on the go this year. If Olympic and RH kick start, which I believe is the plan, then that will only help move this on expectation of sound results there. All this coupled with our own process plant and rising gold, means a significantly higher MCAP.

San

It was ;)

San

Soon to come through ;)

San

Thought the MMS would start before US open, attempting to replenish stock levels. Feel free to maintain smug look for the rest of the day

San

Looks like we were right AD. No medal unfortunately :)

San

AD im going that way too. Just interested to know whether thats why the rise has been muted over hear as MMS are not committing to filling stock levels in preparation. They may do this after lunch in preparation perhaps

San

Now would be good to get peoples take on this. I have a theory as to why this hasn't surged higher today. The market here is expecting a sell off US side as traders bail taking their 17% made. The 17% increase yesterday factored in the majority of the BTC rise (37k i think it got to at 9 yesterday), so again the market here expects sell off. The MMS arent taking as much stock to reflect this. If the US market continues its upward trajectory today, which i would expect it to based on stimulus package and BTC higher price, then the MMS are going to need shares to fill more orders stateside meaning true rise will happen at 14:30 onwards?

San

Its irrelevant whether his revenue figures are right or wrong. The market is driven by supply and demand and Revenue is only one factor that underpins this. You need to look at future asset valuation, external market factors, debt, warrants, risk etc. The demand is outstripping supply, so the market makers are setting the price to hit the harmony point where buys and sells can work together.

San

You think SP is dictated by revenue... Go look at GGP. Oh my days just stop investing please, you are going to lose your money

San

Mickey we really need to stop meeting like this. Didnt know you were in this

San

Yup

San

Thanks Rktech
San

RKTECH Just for my benefit as im a bit slow with regard to Arbritage trader. Is that purchasing on this market to sell on US listing to make the difference (Deducting exchange rates and stuff), which will sync the markets. Demand increase here and sell off their after initial high open?

San

San

ATtrades you are wrong. Supply and demand move this share underpinned by numerous things and not jusr bitcoin. Demand here should be driven by expectation that the us will churn out a lot of trades on opening. Higher market capitalisation

San

How can it be priced in as it's going to generate demand when it starts to trade on US open? I would expect investors and traders to anticipate the afternoon rise. Happy to be corrected

San

Should see a delayed print soon ;). Im guessing 4.7million

San

Within the month for lab results on the first pour, could be tomorrow, could be end of the month, could be in the middle :). Expect detail on the drilling campaign next month and that should kick off in March. We also are awaiting surveys on Olympic and RH sampling.

San