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if you listen to the Paydirt interview 21/9 and todays interview you'll hear Billing has again been way out with his timescales , overstating what will be achieved and when, and then failing miserably. . He said Kapunda would be drilled in "2 weeks" back in Sep and now its late Jan . Ragged range is equally pushing back , as is the Uranium. . The reasons for delay may be clear but if you accept what Billings says your a mug . His track record goes before him. Overstates and under achieves
Copperman , if you did your resesrch you 'd know Kapunda stage 3 recovery trials are due for completion end of Dec.. How do you think they will fund this through to development and drill the recently acquired tenements in early 2021 ?
Pretty clear they are trying to raise funds and MTR are no longer interested as they were the ones pushing to get the Spring Hill royalty sold .
Why are they raising ?
To take Kapunda through DFS to development
Drill Alford East. ( moonta)
Drill Alford West
Drill Pilbara Goldfields tenement extensions for copper
The price will continue to drop until they can fill book.
Where's GIT today ? I thought he was allowed out of his padded cell atleast once a day :)
Just trying to help you out GIT, no need for the nastiness ! I dont set the commodity prices. !
Git, the pain of your losses is really showing in the nasty tone of your posts. Better to sell up and invest in something that will give you a return . Try copper maybe ,on a roll at the momemt. I cant recommend tungsten though , its on the floor.
Lol reading your posts GIT its easy to see why your sitting on a 90% loss.
So what , by a long way this is a tungsten mine.
More copper / gold exposure with more funding required . They must be entering in to these acquisitions with some reassurance that funding will be forthcoming. Looks increasingly that there will be asset disposals , most probably Tungsten where they retain a small free carry.The point about Alford East is that Thor acquired NOT Enviro Copper who negotiated Alford West as part of the Moonta package. . Billing has already said they want to increase their stake in E.C. Beyond the 30 % . Quite possible the E.C. could be rolled into Thor .
For someone to post
"Well they are wouldn't have accepted shares unless they thought the price was going up. So this must be a good sign "
GIT , the fact that you even need to ask those questions shows how little you understand about share chat , financial forums , watch lists , etc... Try and broaden your mind you will becone a better investor / trader for it.
Under 0.1p coming
£200m ? LOL. In a couple of years ? The NPV is only $50m after 6 years assuming Tungsten hits the planned price range. .Thanks for the humour