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Lunchtime with the brokers at the pub. I think chartist may be right a few people will have bought in a spike seen it drop and been selling - which is quite frankly bonkers bearing in mind the latest results and upcoming news flow. Tempted to top up at these levels, although probably a bit over exposed to ars at the moment. 800m between the deposits meaning shared infrastructure works and will increase the economics of the project no end. Flip side i think everyone is now aware of how could the resource is so perhaps we need a different type if need to drive it further forward
Note he says when they have achieved a fuller valuation for ars I think that is in 2 years or so - so not sure it’s a change of strategy just a development! I thought I might get challenged about my 1 quid target but Tony has talked about a billion dollar company.
Really good interview and well worth a listen. Some key takeaways for me. The fact they can leech on site means they can go straight to metal and don't have to send away for processing - increases profitability! Tony talked about maybe selling one of the assets in isolation, could therefore self fund the rest of the project. Additionally talks about longer term selling out to a major once they've reached a market cap that they think realises the full value. Personally I've got a target of gbp 1 for this before I think of selling be I feel more and more confident that this is achievable every rns we get and every time I hear the team talk.
Just looked at the trades on HL two one after the other the second slightly higher - I think that's some one selling and buying back in an ISA. Just my opinion. could be wrong. The spread on HL is currently pretty big
Agreed an odd sell - although I've just had to bail out of a couple of other shares of late to pay a tax bill (nowhere near this size!) so you never know peoples reasons for selling. In addition, the fact that the market was able to take it without a significant drop is really positive
Munchbox/gushe niether of you have offered any rational behind either of your assertions. I'm inclined to be further towards gushe. If the bfs is positive and a link between the deposits is proven it will have a marked impact on the projects economics and make it vastly more profitable. If you don't think its achievable have a look at solg as evidence that it can happen
I'm flabbergasted we've not heard anything from them on any media outlets! Which I think must mean more news soon. Also share price felt like it was being manipulated yesterday, very odd trading patterns. If anyone is on twitter there is some great stuff on there about the scale of beutong- it really is a monster that