focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I mean, it's literally not being logged on my chart software......... Weird
on shakey days and that's a massive vote of confidence by the broader market imo
The savvy are well aware of IRR, I reckon it was the smart money jumping in big this morning with more to come
Interesting stuff guys Ty So maybe the only reason the little explorers drill early is to try and get the SP up because they need a placing to continue? We don't have those money problems so can afford to go slower with more certainty. Makes sense I'm still going to enjoy thinking about how many drills they get turning once they've found the sweet spots :) Also, rofl GGP
I think it's going to be a 0oz deposit to 1+mil oz inferred in under a year when they hit it.........
Anyone else find the dorothe plan a little odd? I mean other small resource companies would have found a decent amount of surface mineral and started drilling asap, like we're doing with the lithium. But we've just kept explanding and exploring the surface stuffs asap and going s-l-o-w-l-y with the drills......it must be deliberate, any ideas why or of the benefits?
Not going to argue with any of that stuff guys. Was trying to stay ultra conservative with the +30p comment but yeh no reason why it couldn't stretch over 40p again with a fair wind, based on current progress alone. Can never rule out an asset sale or big JV to shake things up but I'd like to think fair value will be found without needing anything too left field
Lol Toro, did you just give yourself a backhanded compliment? That's crafty! Agree the rerate will probably happen randomly on a technical move like last time. Not this year though. We've got sufficient resources to take us significantly over the £100m mcap but the market's going to make us prove it before we get the credit, just needs time. I feel a little correction to reflect current value @+30p this year is extremely reasonable to expect. Still 50% from here with almost no downside risk from these current lows
Adamski - I feel these RNS's are being largely ignored because they're not telling us anything we didn't already know - we know there's a lot of Av. grade gold near surface @ Dorothe, we know the scale is huge and getting bigger and that the site's been a long time in progression.
Unfortunately there's no numbers to take to the bank yet and that's what the market needs to start getting excited about, still a long way from an initial JORC or FS and we have to spend a lot of time and money on drills to get there. We've got the money to drill it and easy access to much more when needed, have you got the time to wait?
As the Buddhists would say - waiting is easy, it's thinking about waiting that's difficult
2.42 vs 2.59 live price for me
Mike - only the majority Tekton holders can't sell if I remember rightly, which would also have been the guys with the most votes on whether to take shares or cash, the minority holders would've been stuck with the consensus so maybe that's why it's specified only the majority holders couldn't sell. Either way the little guys didn't hold enough shares to explain the constant dumping for over a year now..........though if the restriction is lifted end of this summer it could get interesting........
Toro - Thanks the info, what's the count on the licences now? Around 35 down from 46? Agree there's several potential pay days in a few years but with only 1 drill turning on 30 odd projects it's going to be centuries rather than years. I understand it's near impossible to put a long term strategy in place with so many variables but I do find the current excuse for a plan a little lacking in direction, even just stating which projects they're hoping to have 1st stage drilled or ditched by year end 2020 and which will probably be on the back burner still - it's soo difficult for a new investor to piece it all together it needs a simple rough timeline in the company presentation imo
If they can print whatever sells they like then the same would work in reverse............plus there's always going to be P.I's shatting themselves or catching stop losses to provide a few cheap ones..........Just a theory of course. Do wonder what Vince would say if asked - maybe a few Tekton guys getting out, they weren't all locked in if I remember correctly.
Do think the BOD desperately need to outline their strategy here. Seems a little wet-finger-in-the-wind this last year. I'd really like to see a 2-3yr plan for the what the company hopes to achieve with the various assets. It's a damn tough guessing game we're still playing for the most part and a complete quagmire to research for any new investors
Seriously consider my theory I keep banging on about - There is NO real seller, all these big block sells are the MMs being allowed to print what ever trades they like to test the market, no shares are trading hands at all it's all smoke and mirrors. If buyers show up at the resistance points, no problem to take it back up (quickly because they don't really have many cheap ones to sell you!) and no shorts to close either because the sells were never real, if buyers stop showing up (as they have!) it can get tested down lower to the next resistance point with imaginary sells. Would never work on big cap or high volume stocks but these mid-tier-small-caps with low volume are perfect for fcukery.........throw in some delays and an honest, predictable BOD and it's a corrupt MM's dream stock
:D perfect, looking real good
GLA
Thanks ATG, we are putting a perfect candle right now, let's see how she goes but fingers crossed..........
If you're getting into technical analysis it's well worth exploring the idea of marginally lower lows/higher highs marking reversals, too few people understand the concept but it's an exceptionally useful and decently reliable indicator backed up by clear market psychology
Lol N2S I do get a little too deep into my crazy theories sometimes! Sounds like you're not a million miles away from me though with your Solg idea, it's only a short jump from your current theory to one like mine ;)
We don't need money yet, still got millions in the bank, plenty enough to prove up our lithium and gold this year and next to the stage where we do need significant more funds to start advancing it and by that point I'd expect more majors to be showing interest. Our next few rounds of drilling are well funded, there really shouldn't be a raise here for a long time yet.
Well atm we've got a sexy little hammer candle touching and rejecting round number 20p which would be the perfect way to put in a bullish marginally lower low but it does feel a little like I'm clutching at straws with that persistent seller spewing away still......
Yes Mike it'd be highly illegal, who are you going to tell and expect to investigate it though? The FCA?? They're hardly on the side of the little guy.......This stuffs been going on for decades, it's no big secret
Not2Sure I've found it really incredible that a company with such an insanely small free float can get hit by big round number sells day and after day, everyday, for over a year now........where are those shares to sell coming from? Out of thin air I reckon! But either way, not arguing with the reason we're down here Sells > Buys and that will only change when the BOD give a reason to get excited, 78000 odd projects you'd have thought they'd have something going on more than meet and greets with locals!
Stu's a greedy feck trading in and out of the companies he's a director for - disgraceful behaviour IMO and the rest of the BOD should have stopped him. Sent a terrible message to the market, looks highly unprofessional and any new investor looking in has seen director sells at the top of the list of deals for a year which has to be a huge put off. Stu's not happy with inside info and free cheap options for doing near feck all he's got to trade and make extra profit from it too then ramp on twitter like an unashamed placing chaser. Fine for a bull**** lifestyle company but frankly expect more from a company like Ironridge
I personally believe the MMs can print whatever trades they like without any shares changing hands at all, completely fictional trades if you like.......lets them really test buying volumes and resistance lines risk free. Just a theory mind..... Either way though fcuk the MMs in the botty!!!! Whenever you're ready to drop some phat drill results Vince it'd be welcome :)
I disagree it's absolutely imperative it holds 21.5p ATG, putting in a marginally lower low then bouncing a little is actually super bullish imo........ obviously not loving IRR life ATM though, Vince and co really need to get thumbs out of cavities soon as my faith in them in waining
Unfortunately can't drill in the wet season normally and the window's closing..........might need something from left field tbh, decided to stay patient for further topups personally. GLA