RE: Nice to see some buying today9 Oct 2024 16:03
Did you listen to Darren's brief video message today post RNS?
They are cracking on with drilling at Dotted Lake using exisiting cash from previous placing and also the selling of some shares in Fulcrum. Given the logisitics are very friendly, trail is in place and its easy to get to the pad locations, costs on the front will be far less than the norm. I expect 4-6 holes at least and they have some fantastic information gathered as to where the sweet spots are likely to be
Darren has recently bought stock along with other directors at 50%+ premium to current shareprice so i very much doubt he has any interest in diluting himself further, especially lower than this.
I anticpate the plan to be drilling Dotted Lake, and given the extremely high probability of success, there will be no shortage of funding partners looking to swoop in and do a deal. Maybe even take the company over. Who really knows
Cautiously optimistic for now