Member Info for waccybaccy

I don't have a buying-in price per-se. I believe that with sufficient funding this stock is massively undervalued given the reserves in Sonora. I will buy in once I'm more convinced that PS is competent at getting that funding. Not heard much from him recently. I'm not sure communication is his strong point.

As soon as some entity can get BCN over the "activation energy" of funding Sonora, the stock will jump above and beyond any short term price rise that was caused by that increased demand for shares (I assume some company would provide funding by buying shares - that's how it works right?).

Thing is, it does feel like a lottery right now whether the company will fold before it gets that funding, and someone else picks up the pieces for massive profit themselves. We've seen ups and downs for the last few years in classic AIM fashion.

My shares knowledge (especially for AIM) is a bit sketchy so some of my thoughts are probably a bit off.

I've just reviewed some posts from this forum and also RNS stuff from early January of this year when the share price rose 50% in the space of a week or so. There are a lot of hopeful comments but nothing to back up the rise. An earlier rise in August 2017 was due to ground rights being won for Sonora. It looks right now like the same as January again.

That is... unless there is some insider information we're not aware of, I see no sustainable reason for the current price rise. Just my thoughts.

Not bought yet, but feeling increasingly worried that I should have!!!

Can I ask why do you think it isn't long till financing is sorted?

I'm confused myself about the share price move over the last couple of days. Is it just some PI who's bought a load of shares and caused a perfect storm of fuss?

Or is there some funding news underlying this? I thought we weren't due any news regarding funding till Q-something 2019.... :-S