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Now that the MMs have made a generous profit this morning, expect the SP to move up again.
We need CEO interview to reassure the market. Now that they have has sufficient experience in the drilling programme, they should be able to mitigate the risks. But all this needs to be explicitly commented by the CEO in his next interview. If the market is reassured, the SP will bounce back to high teens. Buying opportunity indeed with a reality check.
Indeed. We were left with high expectations but this is poor drilling outcome , sadly. That's AIM stocks for you.
The market makers will take advantage of this and make a fool of you!
Very disappointed. Expect the SP to drop below 10p. Those buyers coming in now have to wait for the long haul. Does not come across as a potential world class asset. The CEO needs to be explicit in his explanations.
A considerable time has been lost in drilling expectations. Overall, unpleasant development. Though the company has sufficient cash. For all the hype around oversubscribed stock at placing and world class asset, this is disappointing at best. Rerating below 10p.
SP rerating is expected to be below 10p sadly
sadly this will go below 10p for now. will buy anyway at any price below 10p
I agree with you. Rational thinking will return. The company still has sufficient funds to continue drilling. I am sure they will set out the plan very shortly of the drilling programme. Will continue to buy the stock. Patience is key.
With the growing demand for lithium, a potential increase in resource is a great development: "and this programme at Wikieup plans to add further resources to the Company's existing JORC-compliant Inferred Mineral Resource at Burro Creek East".
Though some are with the view that in the short/medium term the SP will hover around 11p-15p. That's reasonable but 20p target price is feasible. Just topped up.
Expect the SP to hover around 300p for buying opportunity and then 320p+. A pattern that can be observed for last several months.
With a JORC compliant resource and more land ownership (expected to increase in resource) bodes well for the company. All positive. Target SP 20p
Well said. The target SP is 30p. Anything thereafter is a bonus.
Interesting comment. It seems that the SP trend is that it goes to 320p-325p range and drops back to 280p-295p range and then goes back to 320p-325p. It's a pattern for several months, I think. Therefore, next buying opportunity is 280p-295p range; right?
Yes. The RNS clearly states the plan and timeframe which shows the management's confidence in taking the company forward. Even at this current SP, the stock remains very cheap. Just topped up.
The SP remains underrated. 30p will also look cheap as drilling phase is completed. Patience please.
What's the latest on this development?
A disturbing article in local press about Chinese investments in ****stan: https://www.brecorder.com/news/40107593
"...Chinese have not given a drawdown to the two coal-fired power projects in Thar because lenders are not ready to release the funds due to the situation being faced by companies which have already invested in ****stan."
JCC or no JCC, the Chinese seem uncomfortable to further invest.
https://www.londonstockexchange.com/news-article/BHL/update-on-exploration-drilling-at-burro-creek-east/15066798
Progressive RNS.
At this current price, the stock is a bargain. Conservative target is 15p but having spoken to people in the industry, the impression is that it would gradually achieve target of 20p. Patience is key.