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Not sure the trading range is down to 30p. I’d love to buy more at that level but I think that’s long gone. I tried to buy more on the dip at 43.5p yesterday but couldn’t get a chunk I was looking for until 45.7p. This should build now through Q2 in anticipation of the US launch. I agree that I don’t think we’ll see north of 60p until we start seeing some solid progress on US and Europe sales. No downside news that I can see now but equally nothing that is going to propel this north quickly unless a left field deal or takeover comes in. I’d like to see some more comma from Tim in the build up to US launch. Generate some interest. Could have released the US batch being ready. It would be good to hear about the launch milestones as we progress rather than just a launched in the US update in June. LTH for me now for the next few years to see what they can do on sales in the US
Can heavy rain stop drilling? The weather in NSW looks severe.
It seems to have taken longer to get going on Hole 6 which wasn’t expected as from same pad. My guess is they are taking the time to plan it right. Only curious as I’m enjoying the anticipation of the regular hole drilling updates and now we have a steady stream of assay results too. Certainly an exciting couple of months for what is a LTH for me.
Just wait for the CB interview later today to fill in the blanks. I feel he has been reigning it in a bit recently but now with actual results and 900m+ @ .3% Cu we’ll hear how really excited he is. I think this will develop into a monster
It would be odd to get the drilling update for the completion of Hole 6 and the usual interview without Hole 1 assay results. What will CB say - we just need to be patient as it’ll take as long as it takes? I’d like to buy a few more but want to see some assay results first
My view is that the Eton results will have a small positive effect on sp. sales will be slow, the company have said this, however our stake in the Company as part of the deal may continue to well. Chronocort approval will have a decent impact on the sp with a short term spike but then we should see a nice steady rise. I’ve found DNL moves most in between news so just happy to hold for the next few years where I see us at £1+
Yes I was planning to buy a few more at 6.8p but missed it for now. Maybe later if Hole 1 assays don’t land.
Some of the investment timescales/expectations on here are laughable. I guess traders are in for a different result but I don’t get it for a play like this
Whilst I’m excited by hole 5 I don’t think the sp is going to go much higher without some assay results. Even if hole 5 finishes with 1000m of mineralisation the key is how much copper/gold is in there. I’d prefer to see some decent assay results before hole 5 finishes for real fireworks as then it feels like all the drilling through mineralisation is worthwhile. I think CB was told to reign it in on the promotion until we get some factual grades in so we can properly start valuing this.
Some of the excellent calculations on value done on here give you an idea of what we’re after. Anything above .25% Cu over the length of the core mineralisation would be ok. If we get any gold or anything close to the historical .44% Cu then we will fly. Those results shared aren’t great as they only have a high % Cu over a couple of meters
Well we’re sure to get an interview post hole 5 RNS so should get another status update then. Will sound a bit silly to say ‘not far away’ again when he said that last time with no news in between. As you say some substance to exactly where we are would be useful
You have some decent picks there to be honest (excluding SYME as I haven’t looked into it at all). Granted your purchase prices don’t look great today however you could be pleasantly surprised if you sat on your hands and came back to them in a few years time. To realise any meaningful sp appreciation I have found holding for on average 3 years gives good results
To my very little knowledge those figures seem underwhelming. What would be the total Cu equivalent grades on those results? I notice you refer to Boda as an Gold-copper porphyry. I believe Racecourse is a Copper-gold porphyry. Does this have much bearing on the potential results? I read in the recent RNSs that it is believed Racecourse is similar to Boda. They also suggested .44 Cu grades from previous work. The XRF results seemed to support this. That all sounds better to me but I guess the sp is where it is due to the unknown assy grades as this point in time