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Where are you looking? Not all trades show up on lse.
Quite.
It is worth pointing out, tho, that this new found (for many) focus on mineralogy uncertainties should be seen in the context of the clear confidence in commerciality by the BoD and our cornerstone investor.
£3m raised at 11p, and director purchases, shout pretty loudly that those with experience, expertise, and access to all relevant info are supremely confident that this is what it appears to be.
Confidence is not proof, of course, which will take a little longer. But everything is looking as positive as it could possibly be at this stage.
I'm very happy to be on board already, and will be adding more as results come in.
Dusty, in essence I agree with you, and admire your sang froid. And I have traded a little too, with a chunk waiting to go back in still.
Who knows , but I've got my doubts this will drift much lower given all the positives. Some sage once said the most dangerous 4 words in investing are " this time its different", and so it may prove: but as we all know exceptions prove the rule.
In short, we'll have to wait and see.
Pointless calculation. Ore in the ground is worthless. Monetisation depends on lots of moving parts, not least the effects on price of huge cheap discoveries.
Nevertheless, your post does point up the huge potential scale here. I am becoming increasingly convinced ( Lord, save me from confirmation bias) that a year from now this SP could be multiples higher.
Beat me tonight, was just going to m lament that once again I missed the chance to top up sub 10p.
Nothing unexpected, and the grant is small beer in the scheme if things.
BUT....everything is moving at pace, and looking very positive. Roll on the mineralogical / metallurgical test results, and hopefully all doubts can be quieted.
Ripple
"Bunny Man said this is not a life style share ."
Lol, even the worst hucksters say that! !
Tbf I dontvthinkbit is, and I think SB is on the level.
BUT... long way to go. Let's see those mineralogy results, get the drill turningxagain and see where we are in Q2.
I suspect so weakness will persist till then, but who knows?
It only takes one serious stakebuilder to change that.
Yes, I think you're right. The sp has settled in to the classic pattern of downwards drift until news, and the discounting of good, but expected, news as if it were in the sp already.
So mb the mineralogy results, assuming they're good won't shift the dial that much.
But for sure ( assuming those good results) the sp must drive higher at some point. A catalyst will arrive from somewhere over the coming months.
Yes, you can. Hydrogen.
ML
I take a cynical view of " investor " psychology.
Many here are much more of a gambling mindset than investing, and subject to impulse actions.
Divorcee !
Man lord.
Nice words from SB, who I have no reason to doubt. AnId I do trust him, after all, it is a tenet of investing that if you don't have confidence in the BoD you shouldn't hold the shares...which I do, tho in lesser size than I would like.
But I have known other CEIOs of other companies whose earnest beliefs turned to dust.....so ike a triple divorce I retian an element of caution.
Caribou
I can see no reason why delay gives any indication of poor or fantastic results.
Delay is delay. Most likely imho, as others say, its the extended Oz closedown.
But whatever it is results are results, and the fact assays are taking a big longer than those here expected gives no indication of what they might be.
I agree with others saying there is every reason to expect excellent results, tho of course nothing is ever certain.
Correct!
Of course not. We are waiting for a day results, which cannot be scheduled and will drop as and when.
I think most here are expecting something this week, mb as early as tomorrow.
But it will come soon, and when it does I expect another SP jump.
"try reading the Q3 update", etc.
Well, yes. Do.
"We are therefore postponing ...an updated resource for Douta ......targeting Q1 2024"
On Oyo, yes, " we...expect to receive further results in Q4 2023", tho given THX is in the hands of assayers I'm quite happy to grant a few days slack given the otherwise good track record here.
I certainly dont think there is anything that has been previously promised that is seriously overdue. Tho I would agree that some indication of mine life extension plan would be very welcome.
What is overdue?
Quarterly ops updates usually come 8 to 20 days after period end so thsts znyvday now but certainly not overdue.
No ther news overdue either, afaik, unless you can enlighten me.
And so far this co has been a model for delivering on guidance.
I fail to see where you are coming from.
Shame to see the name calling start.
If you disagree with the content of a post, challenge that. Play the ball, not the man : debate can be enlightening, slanging matches never are.
Very sage, littkejohn.
I too was in HUR and a very painful experience it was.. ..as you say the CEO was sure and honest, but in the end plain wrong.
I am being a little cautious here for the similar reasons, only time and results will tell.
But it IS looking very promising indeed.
"If the positivities continue." Quite.
There is every reason to expect those positivities to continue, but that doesn't mean they are nailed on. Its still early stage and disappointments are possible.
But if the next set of drills, and lab results from CSIRO etc are +ve, 20p + is a very reasonable target.
But remember those ifs.