Member Info for Texlax30

I’m perplexed at what a negative Havieron update would contain at this stage? ‘Closed off in all directions, only going to be 12m oz max’?

Antigua, did you want us to hire someone holding a pick axe? ;)

Read Welsh’s post below, then look at the market cap growth of SD previous company, and compare that to our current position with HAV and development of other assets. Growth.

Agree Welsh, this is a man appointed to put assets on the book and increase market cap (lucky for him, HAV will do that on its own).

GH, during the AGM, was the one that mentioned they would be looking closely at the other assets in early 2021. As this was days before SD being announced, I think it’s safe to assume Panorama, Firetower, etc. will be seeing movement this years, perhaps sooner than later. This is also reiterated in the last few seconds of GH recent interview.

I for one would like to see a bit more at Warrentina, prove up a very near surface deposit and decide from there. Very exciting grades, the likes of which usually result in a spike on other AIM explorers. Not here though - slow and steady wins the race.

Great post and link, thanks learner.

Hi Matlot, if buying in large best follow SOS advice and do your own research. We’re but a simple exploration company albeit sat on a historic gold copper discovery, and don’t understand terms like cash burn. Also check out the GGPhelp website.

Bamps, I know you’re a cobalt guy and want Panorama, but I do hope we put some time into developing Warrentina. Incredible grades from 10m, open pit potential in the truest sense. We should make that our summer project when WA is 45 degrees!

It’s funny that investors go chase other explorers, basically praying for grades we are already sat on in the likes of Warrentina.

To tag onto Goldens post - there is talk of not drilling deep enough, though does anyone know the TD of the remaining four holes. We seem to only know we are awaiting 1800m or so of assays, but not the actual drill depths (recall we did bring in the diamond drill on Kraken). Scissor hole of KRD 001 and a deep IP target in LON remain outstanding.

Tom, earlier this year we were bemoaning 12p, next year we might be complaining about being stuck in the low 70s.

You seem to post this sentiment every few weeks, sit back and enjoy the ride my friend. You should know this share is horrible with news, be happy that we will return to the 30s without it.

Mel, we’re on AIM and I wouldn’t put an immediate 25% drop as sentiment or Scally having any material value to our share price. There’s continued buying pressure, and we will be back in the 30s next week. It’s one of many blips, and thankfully losses in your iPhone screen aren’t real until you hit the button.

There’s a bigger game at play here, and the Scally rns was a dream come true for those looking to take shares from PIs and flip them to large buyers for a nice margin. There was a 15m sale around 26p, and for the life of me I can’t imagine that type of money panicking on a manipulated drop - I think some serious stop losses were hit, and it is a bit sad.

A final thought at those upset about the release of the initial Scally results, and questioning the campaign - GH and CB have a hell of lot more riding on this than we do, and they seem to know what they’re doing. Dance with the one who brung ya.

TTB, I did see your post and it stuck out at the time. I too just don’t believe we are seeing the full picture here yet based on the timing of the Juri JV, leaving Scally, and GH comments up to a couple of days ago. This is the man who was shouting about HAV years ago before anyone took notice, so in my book he gets the benefit until the cows come home.

We’re probably awaiting some of the drills from as early as late October 2020, plus they assay on site I believe - so yes, this update will be tasty. One day we’re gonna have to find the end of this monster...

Copper,

Your reaction is that Scally is a dud, Havieron is a one off - so you will go and invest in other neighbours?

I would have thought the Juri JV changed the company dynamic, and today confirmed partial results on a tenement which will be further explored in 2021 to potentially add value if one is looking early stages lassonde. All underpinned by a separate asset, to be mined, which in itself is hugely undefined and undervalued.

Regardless, good luck to you.

If you don’t mind me asking, why today of all days did you decide to sell? Partial drill results (not at depth) of an initial campaign on one of our non JV assets.

True, people like to look back on the early HAD drill interviews where GH says’ the market just doesn’t understand’, and wish they had jumped onboard then.

Well, here’s your second chance.

I will be the last person posting about MMs looking for stop losses, playing games, etc. but today I feel was purely about hitting stops down to the 24p level. The drop was too quick to be anything else.

Hydrogen and others have posted about the amount of funds / institutes taking positions, and the last several weeks has been very strong on no news and minimal volume. That said, they tried the big drop on the news of GH departure in order to pick up shares, and we saw what happened afterwards (all time highs).

Today was nothing short of the MM dream, and they took full advantage - well done from a selfish perspective, it will allow us to move into the 40s that mush easier. I firmly believe that the majority of large sells posted after hours were stop losses - its PI money, and not insignificant amounts.

Finally, if you read between the lines and look at the circumstances around the Juri JV, you will know this isn’t the end of Scally. In the words if LL Cool J, we’re going back to Scally.

I doubt she even owned a house and had a mortgage to pay...she probably had ‘a lease’...

Weheyyyy. Sorry, the board could use a bad joke ;)

The 15m sell is very strange, and does make me think it could have been a stop loss...which makes me sick to my stomach for that person.

Wow, looking at the trades did someone wet themselves and sell 15m shares at 26p? Ooof.

Yes, at 103pm per advfn,plus a lot of other chunky trades all as sells. Will leave it to the pros if it was buy or sell.