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Apologies if misinterpreted your post Womo. I knew you had mentioned the Labola maiden resource coming up in the first half of this year previously and couldn't understand why, in your message last night an almost imminent Labola resource sounded like a surprise!
Just had a quick flick through, looks like a comprehensive document!
Noted that the current valuation of 28.8p is 'risked' so as results come in and a clearer path to potential production/JV/takeover emerges that will rise accordingly.
Also mentions considerable upside if Bhukia is released.... But we all knew that anyway!
By 'just' you must mean a couple of weeks ago Womo, you were keeping the board right on the timing of the maiden resource at Labola back then! ;)
Womo
Posted in: PAT
Posts: 4,253
Price: 18.00
No Opinion
RE: MB25 Feb 2021 13:38
Professor:- Think Labola maiden resource is sometime H1 not Q1.
Paimasa Nigeria - initial drill results should be imminent. I know Moydow only hold 20% project at Paimasa but they have possibility to increase to 65%.
Womo
Posted in: PAT
Posts: 4,253
Price: 17.50
Strong Buy
RE: Labola JORC21 Feb 2021 21:04
I have had another look at the Moydow Corporate Presentation and page 19 gives a work programme timeline:-
http://www.rns-pdf.londonstockexchange.com/rns/5146N_1-2021-2-1.pdf
From this it looks like a JORC estimate could come during H1 2021 - Excellent opportunityto het in here early or top up!
If Shaun '6 to 10 times shareholder value' Day is to work his magic once again, he will be making sure he finds another company making project or two to add to Havieron. Fully agree the next few years could be transformational for the company.
Thanks for the link, well worth taking half an hour to listen to the fantastic interview.
We must be in the fast track queue for Nirvana having found a gold/copper deposit and on the way to mining it in record time.
What news are you expecting?
The Basalla results and the 2021 work programme Mark referred to in his recent proactive interview? The results from Nigeria? Or some other news?
Plenty to look forward too, whatever news lands!
Fantastic, positive interview from a guy who clearly knows his game, great to hear once again that the fortunes of Telfer are turning with the discovery of Havieron. More reassured to know that he isn't stopping there, the potential initial 5/6mt from Havieron isn't going to touch the sides of a 24mt/pa plant. With most of the licenses in the 'truckable' area now spoken for and a desire to keep Telfer full, the story is only just begining.
https://twitter.com/mayfieldlondon/status/1366316329922347008?s=09
However they buy, they are filling their boots and are having no effect on the share price!
Fully agree VF, the big gains over recent months have come with daily volumes of 3 or 4million rather than the few hundred thousand we are currently seeing.
It's not that long ago we were knocking on the door of 40p with no news, only large volumes. So with potential multiple releases of good news and the increased volumes that will bring, 50p shouldn't be a challenge!
Ideal chance to top up at 20p before the crowds arrive.
https://youtu.be/SoY2351XYpY
No mention of Labola, Bido or Bassala but apparently 50p is within reach within the next couple of months
You aren't ramping if your saying the sp will only double if Bhukia is sorted Valuefinder, another £17m on the MCap is only a few pounds for every ounce of gold!
We don't need all of the news to be positive, even one successful hit, proved up and a plan to get the gold out of the ground in place and this will fly!.... But there's no harm in dreaming all licences will come good!
The current share price does seem ridiculously cheap considering what's on offer, the mining sector has had a rough couple of months so it's not surprising we are where we are sp wise, but there's plenty to be excited about in the next few months including the MRE at Labola in the next quarter.
A little thought for the weekend..... A £1bn MCap is £10/ share (if there are no placements obviously)..... Whether your in at 17 or 27p there's plenty of upside to potentially come to the patient!
https://youtu.be/A0p2BO6u-to
Imagine where the sp could be if all the news that's due in the next few months is positive!
A call this morning, chatting on WhatsApp yesterday...... Imagine how fast the news would flow if he had a chance to do some work! ;)
Fully agree Womo.
Having many potential company making licences is all well and good, but to make a company those licences have to become mines and funding a select few through the sale of non core assets is a positive step, and one us shareholders will obviously welcome
Maybe Sandeep has realised the cobolt results from Havieron have been overlooked and an updated resource estimate RNS is on the way?!
That's obviously very doubtful and I'd be waiting on the markets opening before getting excited about such increases