Either that or the BG are not given over to telling the PIs of aim their decisions in advance. Sounds like a very bad case of observer bias there. I can only speak for AST as I have done a lot of research there but that was a slam dunk sell regardless of any other outcome. It’s garbage.
Must be frustrating for Cora. Every drill seems to confirm the commercial viability of the deposit but the market doesn’t care. It doesn’t feel like gold is in breakout mode right now but when it does that is going to be some multibagger.
GG - “We have had communication back and forth with the government and although I can’t share the information because it is confidential, we remain very confident that we will be hearing back something from the govt in the near term”
Interview https://youtu.be/CDxGXpne2gw
Good job working that out Jim! Nice price action today. Hoping for a push through the 7 resistance this week. That would be satisfying. I confess I took a small trade position (less than 3% of my total position) on the back of my rudimentary TA/guesswork last week so here’s hoping for that new pair of shoes in the next couple of weeks! Nothing explicit in the update but lots of hints, TG seems to be of the opinion that RFP and flow data will be in before the end of Q2. Plus being clear that alternatives to the RFP are being pursued as much as the RFP itself.
I didn’t post about how much gas we have, I think you are right that the market isn’t really interested in that right now (we have a s hit tonne, everyone knows that!) I was talking about flow rate which will govern how much power can be generated per pod. If it is sub commercial then we have a problem and this is one hurdle we need to get past on the journey. I have a feeling you will be right though - if we get that data pre-RFP award I doubt the market will get too excited even if it is good news. I have a number I would like the flow rate to exceed so I’m hoping not to be disappointed.
It’s the nature of forging a new industry, all the regulation and infrastructure have to be built from scratch. It takes time esp in Africa where the institutions are far less well developed. Unfortunetly the big wins take time and conviction, I understand if it isn’t for you but it strikes me that it would be a shame to do all the hard graft (and its really hard) waiting for the project to develop and then sell just as real progress is being made.
Seriously?! ‘Very little activity’ 7.7m vol isn’t little. We hit a point where traders have made profits and will be getting out. Not much in the way of catalysts for the next couple of weeks so, unless there is some fresh money taking up positions, we are going to go sideways/down for a bit. It’s all healthy price action. Uplift, retrace, catalyst, uplift. And repeat. The good thing is that traders bullish on copper will be in and out, helping with the liquidity. I really hope we get funding away whille the cycle is in uptrend, I’m expecting Q2 isn’t going to be as benign. I get that future price predictions are bullish (and I am too) but as HZM are finding, funding relies on the here and now.