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Nice statement
This is a significant milestone. In a little over a year and one exploration season, we have transformed a historical copper deposit into a large JORC Inferred Mineral Resource in an infrastructure-rich region. Our Company is now underpinned not only by its highly prospective exploration licences but by a significant critical metal asset in the ground.
"At over 20Mt, Verkhuba is in the top third of this style of VMS deposit globally. With copper at close to $10,000 per tonne and the prospect of a low capex, open pit development, we believe the Deposit to be of considerable value. In the context of East Star's current market capitalisation, and upside from other regional VMS targets and copper porphyry exploration supported by BHP Xplor, East Star is in a very good position to create further shareholder value in 2024."
Good post and agree on these points , for me at this stage he main thing it to get relisted, then we can all make our choices whether to stick or twist as it were .
If they were actively carrying on VIM exploration and getting results it would be easier, I know smaller explorers that have carried out such work without the constant loans . It's almost as if they got so hung up on the plant they forgot about VIM and Tanzania .
Anyway, let's see
Good RNS there and great to have another exchange on board , looking forward to sales news and NSE listing
Looking very promising and reminds me of the early days of EUA back in 2019 when they talked about interest .
Time is right with copper on the top , really looking forward to seeing what the inferred JORC resources are, good news is not too long to wait if we are going on Alex's timelines
Gold at $2416...
That's crazy and we should all be rolling around like pigs in the mud but sadly not, does anyone know how long a company can be listed before being delisted?
6 months in now , anyway have a good weekend and we will see what the rest of April brings if anything, at least there is sunshine outside
Fully with you on this although I've bottom drawed this now, whilst I hope it will come back I'm also fully in acceptance the CEO has spun us all some fine tales , the most recent being the statement around the audit being simple and should be back and listed quickly in his last interview.
Also, the last RNS stating the results would be published end of the month... still no sign
With gold where it is , if they cannot be successful now there is no chance.
At this stage the only thing to cling to is the fact large sums have been loaned to them in the last 6 months and new equipment , those individuals would have done due diligence, also new people joining the company.
Being optimistic , maybe they are getting on with upgrades and will come out Phoenix from the flames style but given past statements I'm not so sure
Anyway, the wait continues. If this does come back and receives funding I would like to see more responsible people on the board and the CEO replaced
Brilliant, thanks it's up now and watching.
Direct link to presentation: https://www.youtube.com/watch?v=DGheSp2l3oc
Been invested in EST for a couple of years, sadly got in at 5.x p and left it in the bottom drawer but always believed in the potential here long term, looks like they are progressing nicely
Good progress being made and Alex appears to be one of the most hardworking professional CEOs I have seen at this end of the market.
With regards to the cross ramper, just filter
Agreed, hindsight and the trail of comments doesn't look favourable for Robbie, I have a large number of shares and will decide how/when they come back.
If they come back with a good update , governance issues sorted and funding then I will continue to hold but with extreme caution, at this stage I have zero trust in the board and hope any funder will place their own team here to give down credibility
If it's another scrappy entry with no progress I will move on, ultimately at this stage the important thing is we get relisted then we all have the choice .
And this is the only positive I take away as a shareholder at the moment, the fact someone is aware of what is going on and willing to lend them a substantial amount of cash, especially as the shares cannot be issued until the accounts and prospectus is issued .
Sadly , none of really know what's going on until we get another update .
First step is for them to get back on the market, we can then all make the relevant decision in whether to sell up or stick around .
Hundred percent agree with this, no one is lending money unless they are convinced they will received their funds back.
As all have said, it's time they need to show progress and where the money is spent , get the share back listed as a priority