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Cheers Prospector & Thank you for the Cu explanation on here v Havierion.
Please be aware though. At no point have I ever compared what is here to that GGP / NCM setup! I was, as said only musing on the grades I had seen on RMM v here etc.
The whole comparison to that GGP find was made by one of the strongly "enthusiast" guys repeatedly as point of fact...before in the end I green coffins his endless daily ramps...
As said in my comments to OMM. My fear here is that even if these lower grades are economic, as you very much clarified is possible. That even then, a shallower mine will take many years to setup, and that as I think Metal said. The drilling will need to go on as surely there is nothing like enough of it to sell on just yet.... So logically the SP may suffer dilution before it gains?
I hope that's incorrect. But it's easy to say... get a few decent grades and boom to the moon..
Some of my other shares I outlined have fabulous grades proven. But still struggle with finance etc, and that's held the price back regardless...
We shall see. But anyhow. Thanks for your mining detail.... the rerate.... well as we all know AIM is sometimes not logical. So on that premise 3p by Xmas hey... ;-)
I am totally open about this share. I bought it more or less alongside my first purchases into GGP as I said.
GGP I continued to buy and I outlined the good, and not so good fortune iv had there. See past posts.
ROCK I topped up again only once, and yes have a high avg. Not frightened to admit it. In 2 years as an investment its been v poor. Unless you are a day trader its made no money and constantly retraced.
It's been blighted by PnD types also on just these bbs.
So surely you can understand how some of the LTH feel.
At the moment I hold still some 2 million GGP. As I think that the deposit there will grow. Likely never hit the 1p to 38p rush. But should recover mid term I think. HZM with two tier 1 mines and finance finally going well. I have a lowish avg and high hopes for. RMM has the unusual Cu producing status. Good grades, and... a low mcap. Its had a terrible run. Still needs sorting financially and to a degree technically...So is still in doldrums. But... if patient, and I am, really like the resourse. Think that's also got legs too therfore.
So I may know nothing much about mining. But above is my logic... and in all those I hope you agree there is something going for them?
Here... I really don't know. You guys really talk it up. But so far the SP has done the same as it always has... this rerate you banged on about is still not to be seen..
Hope it comes, but even an open pit will take many years to come about I expect. So unless sale or JV. It could take a while... no?
Still holding. Still hoping. But todate of my stated 4 AIM miners. This has been the runt of the litter no arguments...
Great. Stand corrected. As said no Geo. Was just basing it on the sample grades an existing mine like RMMs current one has peaked at. I believe they are now striking something over 1.5% to add to what they had already.
So, & as has been often ramped on here.... this is a bigger find than GGPs Havierion (???). Therefore kinda assumed that we would be aiming high perhaps....!?
If not needed. Then fine.
You got any timescales for the rerate based on the down to 500 open pit you imply then, and leaving aside the >500m possibilities.. As the rerate the Tele boys promised a few months back seems to be a bit slower in coming than we were advised...?
Have tried to offer alternatives to him, and be polite. But Monkey is becoming a stuck record.
He's changed his views dramatically. As said, fair enough to have revisions of thought for sure. But does more n more look like sour grapes, or attempt to talk it down for a re-entry.
It's a shame, as recall him as a sensible independent minded type. But more of the same, post after post ( we get his new opinion!) tends to make me think that my RMM green coffin set of moon the loon, dgr123 and helpme01 is going to soon get a 4th gent joining them, unless the same old same old posts change a bit.
Atb to you too SH.
Proving up the asset, as you said, n RE ggp too is dispite all the BS, key.
Let's see the official grades, strike widths and depths here. Nevermind the ramping crew that has been so prevalent now and for 2 years hence! ...
I am no half baked Am Geo. But I do know 2% plus, at what, 150m strikes, and lower depths good Cu toonwill engage stronh interest now....
Let's see then.. I hold too RMM fyi. Which IMO, at good proven strong Cu, plus an already mineable presence
Has, n despite sh*t finance mgmt there .... generated a great play mid term IMO.
As said thoug, & from the Tele gang am sure.
..... I know Nuffing......
Fair play. You have changed your views, and don't rate the direction here.
Why not fully then, not partially sell up rather than repeatedly post?
If the mgmt inspires no faith. Then it's not going to satisfy is it... so move on my friend.
Can I suggest HZM. Most all rate the managers there. Especially JM the CEO. Its in a little dip, ripe to invest in x2 tier 1 Ni mines. Has 2/3rds of its finance sorted. Including with 5 mega banks... check out the names, and waiting on offtake in next month or so.
As with old cynical Ant.... maybe you can be happier there....?
You know what Hoppo. It kinda haunted me for a while.
But I was dead lucky in the first place as I now rationalise it.
I had invested doing Okish on the main markets since 1984 alongside proper jobs. But GGP was literally my first venture on to AIM. Absolute truth...
Could BS you with. My tonnes of research told me would go ballistic.... that's cr*p. I was lucky after a tip from someone on a boring mainstream share etc.
Mind you me 2nd AIM punt was..... ROCK..... so easy come, easy go. Only reason still here is that after that did do a bit of digging... HZM for example I think will be good. Hold 10.5 Mill at 5.07p. But holding for bit more when finance phase 3 for the x2 tier one Ni mines lands etc.
But refused to belive ROCK was the lemon it proved.... maybe if the Tele boys are right can get me monies back... we shall see..
Not me son. Iv done a few crazies with shares, but for ñow sticking with my existing 2 Mill here to see it plays out.
Strikes me either the labs back up the optimism. In which case DP will have to layout nice plans for the next phases. Or its all back to the 0.7p to 1p odd yo-yo as in the past.
Knowing about lab delays, & as said before. Have waited over 2 years here. So more than prepared to wait a bit longer.
BTW the talk from Sharehead n Metal on waiting it out after GGP is funny perculier for me too.
I was super cool, and super stupid there. So know both sides... :-s
Started buying at 1.6p in mid 2019. By mid 2020 had 7.7 Mill at a nice avg 3.64p... on the rise to 38p I cleverly sliced 5.5 Mill to diversify into HZM amongst others. Plus pay off big chunks of my kids mortgages.... smart investor hey....emmm.
Well. No not really. Since with 2.2 Mill left, and great liquidity round Xmas 2020 I had a solid offer to take another Million off me at the absolute top from my broker... 37.6p... I had the 15 seconds to take it. What did I do.... thought nope, n let it run down... I'll wait. As this is only going one way.... Or so I convinced myself...
It was, and it was all DOWN !! .... now at 18p odd and has fell month on month all this year. Still hold 2.15 Mill. Just tucked away for the Havieron recovery circa 2024 etc, if it comes....
But just goes to show. Like Napoleon said...."Give me lucky investors.... not good ones" !!
"Won't stay below 1p for long".... Agreed. As said in past posts on history here... Will oscillate between 0.7.5-0.8.5 baseline. Up to 1.1p on sniff of news.
But the point is;
Is there anything to hold it higher than a simple sold into &further 1.5p spike... just as pre the recently drop?
So... your "took opportunity to top up".... fair play. If a trader, then 0.77 to a likely 1p odd, or even on a spike slightly more is for sure, a nice 20% profit. Its what this share has thrived on inbetween the £5.8 Million placings in the last 3 odd years...
And yes.... even us non Amateur Geos, sure we all agree, Cu is, along with Ni etc the coming metal. I do v much agree, so much that I hold long term in both at a later stage elsewhere. So tick.
However. This share needs to divi up. It may hopefully have strong Cu at last. But as repeated. It needs independent verification. A plan to JV and access the sub 500m levels etc etc.
No amount of words from A. N. OTHER forum reps will sort that. ROCK has to deliver something concrete, officially and now.
RNS it properly, independently, & plus an extraction plan and partner....or continue being that past lifestyle share that those in here for more than the 5 minutes know only too well.
Thats not a ramp or a deramp. But simply an investors view.
You never answered my question Monkey?
You in for a decent amount long term. Or just the short term trading ops now?
I have no issue if the later, that's the approach of the high %age on AIM investors after all.
But if the former then just let's see how it pans out perhaps, and avoid being seen as simply an opportunist...
My favorite band is obvious from my name...
But if I wad born a few years previous it may have been The Who possibly?
They had "Moon the Loon"..... an almost Dickensian type, who (pun intended), also displayed at end of life, a piratical Robert Newton gate....
All done with charm. Our Moon. Who I still green coffin. But did exude a certain similarity. The other 2 Stooges were dubious and nasty... helpme and dgr001. But Moon the loon is a character tbf. But very very bipolar IMO....?
Short term price down..... tend to agree. Been lolling about sub 20. Took a spike to what 25 max today on back of the bridging RNS. Sure, & of course traders will sell into it.... it's AIM we all appreciate.
But are you here for best week or a bit beyond?
If next week then likely sell what you have left now n re buy if it drops. That's fair.
But if you can agree that finance could set this going by mid 2022. Then aim with small letters......
For just then.... my thoughts anyhow?
For what it's worth. Having been aware of DJ on both GGP and then HZM for some years. I like him and think he's quite genuine. Happy to share his research and open.
What DJ has always been poor at, and I think deep down he will admit it... is sitting on a position for a long term. He tends to get ants in his pants and finds a few other juicy options and shuffles his funds about. Happened to my knowledge here, GGP, HZM and also recently on GRL....
We have joked about it a few times on other bbs. But along the way he has certainly made a few quid and shared some interesting info to a depth most can't or won't do tbf. But sitting on his hands doesn't come naturally to him I have to say...
So we live with it.
Over the weekend I suggested come back today and we would see if the PFS lead up 6 point increase was traders loading up, or a real rerate on expectation of good news.
What ever the detail, and the fact that the PFS for most in the know was only a stepping stone. The Traders have won out for now. As the market has it back to more or less what it was prior to the uplift last week.
So be it. Happens on AIM all the time.
It's disappointing, especially following the last 10 month share price falls. But we all have options still:
Hold for the upgraded drilling, and end of year MRE progress. Or sell up if disgruntled and find an alternative. There are lots out there to try.
On the big rise I took 5.2 million shares off the table for various personal reasons. I still hold 2.15 Million. I continue to hold, as generally am a cr*p trader, and rightly or wrongly saw the PFS as a box tick along the way. Hence half expected the sell off on Monday.
Each to their own. But see no point arguing round and rounded on it.
Make your own calls and live with them. I hovered over an accepted sell at 37.6p for 1 million of my remaining shares at Xmas with my broker. Counted down from 15 seconds and I chose to not sell. Foolish... short term.. yep. Clearly. But that's life. You move on and we shall see how it goes here again.
I saw a few Green boxes and then your post. Assume that someone I had blocked previous for daily ramping a few months back had responded. So unblocked and read... this is a nice story for sure...
OK so then all is still being reported as going well. Fine...
We do however need the independent lab results to 500m down to back all this up do we not? Plus what the intention is to get to the supposed ore at the over the 500m depths.
But surely for most everyone on here, bar the hardcore amateur geologists... we need to see some material progress in the SP after all these promises! .77p is same as it ever was, is it not...
Then and only then will all the public statements from the company have some creedance to existing and critically new investors IMO.
Timescales for that were supposedly imminent.... all the rerate talk a few months back. So where are we now is what we need to be updated on officially via RNS IMO.
Although I am sadly all too familiar with the history of this share as I have outlined in the recent past.
I don't have the time to follow it regularly as some do I know.
As mentioned before though, and despite the hoopla weeks back on each hole going directly to the labs blah blah...
If you know a bit about the backlogs on other shares you would have suspected delays are current. Up to several months I know in some cases in WA at least.
So as the start of drilling was what... must be a couple of months nearly by now (?). As no peep out of the company officially on these top 500m assays. I assume we are still in those Qs waiting for official results back?
Can anyone confirm status here. As not been following it closely please.
As to the theory that was put foward about the main ore body at >500m. As mentioned in a previous post. I can only assume that to scale that (if a possible option). That we will see another of their placings coming pretty soon. As assume further drilling at that depth will need more capital (?).
The raise looks tricky of course. Given that the price as retraced, as many of us suspected it would, & is as usual here... so back at "base camp" again.
Seems like more questions than answers still here then.
But be interested in views, as with all that daily pumping about 2 months back. This one's gone very quiet it seems?
So as it stands them the circa 6 point rise end of last week remains held. But not currently increasing much.
As said at the weekend. Come back Wednesday/Thursday, after a day or so to settle the dust. We will then see the fall out short term, & if the PFS is enough to hold it still. Or hopefully increase it. Or if the usual pull back results.
But for now the uber pumpers can pump. The de-rampers deramp. It makes little odds to some off us, as the market will ultimately be the judge.
Personally though I am fairly content it's not taken off on one again yet today. That would very much signal the buy on rumour, sell on news crowd are pressing the FOMO keys ready for the sell off.
Steady away suits me & suspect a few others?
IMO the share price come about Thursday next week will be a very interesting indicator of where this is going short term.
After the dust settles on the PFS, and well before the December formal MRE update.
Can the recent 6 odd pence uplift be held, or even bettered.
Or will the traders loading up for the PFS pull it down again. AIM is of course notorious for the cliche of buying on the run up and selling on the news etc. Especially when there is a lot of expectation of the reverse.
Sure, LTH plus those still under water from the terrible 2021 performance will hold. But will those that got on at 16p....?
That will be interesting and either build a new base for the later MRE. Or precipitate a stumble back....
COP Wed and Thursday coming will reveal a lot.
My honest view is that I don't think the management here have been too great recently. Its very trying times though. So I cut some slack. In the aforementioned HZM. With a really well regarded BOD. Have seen the struggles over many many months to get their finance. Its almost there. But its been painful. This lot arnt as good IMO on that side. But... but...
In both cases I like the resources however. Here then, In amongst the justifued finance frustration. I still, perhaps naively see some decent technical updates, grades, stopes etc. Even in this RNS.
Sort out the finance Toby. Or add someone who can.... and then I still feel there is good stuff under the earth here.
As said. With 530k shares at 39p avg I am sitting on hands to see those up lands. If the resourses were rubbish. Would be gone.
Just my take.