The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I agree Slashnburn, Flagstaff tweet hits the nail on the head. It's a perfect storm here. Extra liquidity for Agnico due to the Kirkland lake merger, Brad confirmed majors don't have to spend just the minimum as per JV terms, they are free to spend as much as they want. The region is proven, there are many, many different finds close by. Zero reason to sell unless you are easily spooked in which case the share game most definitely is not for you. Say what you like about the assays we've seen today, the drill campaign up to this point has been excellent and now the majors have a better idea of where to put their umpteen drill rigs when the hand over is complete which could be any day now. Watch and wait...
Just my opinion but I feel the watch and wait statement suggests something big on the horizon. Brad generally sticks to the news is ready when its ready approach. To make a statement like that suggests near term news. He always says long term project, only in phase 1 etc (I know, i've emailed him plenty of times!) but to encourage us to essentially keep our eyes peeled.. Time will tell I suppose....
There's a suggestion here that Brad may have an insight into the drilling plan moving forward. Remember it wasn't that long ago that he was downplaying the majors taking over ground ops saying it would be "same guys different t-shirts" Now he's saying "we look forward to them substantially ramping up activity." Happy with this update, it would be unrealistic to expect every hole to come back with 100m at 50g/t. Substantially ramping up activity suggests many more than 5 rigs. World's 1 and 3 miners, Agnico with their massive pot of free cash since their Kirkland Lake merger etc...
Personally couldn't be happier with our progress this last 12 months its just a shame comms remain an issue, although I'm sure Brad will have to give in and get somebody doing PR eventually as I know I'm not alone when I say I don't enjoy weeks of radio silence. Just need to make sure we're all vocal about it on next webinar or when he eventually get to see him face to face. Important that we don't lose sight of the fact we have 2 of the world's top 3 gold producers in charge on the ground with multiple new projects in the pipeline, now is most definitely not the time to sell.
Due news here very shortly if Brad is working to usual timeframe of about every 2 months for a Colombia update. Last 3 updates also on a Tuesday.
22nd Feb - 4th May = 71 days
4th May - 6th July = 63 days
6th July - 7th Sep = 63 days
7th Sep - today = 55 days
Looking like news by next Tuesday (hopefully).
Wouldn't be surprised if Brad intends to drop an RNS Monday/Tuesday to announce us on TSXV. Still can't get my head around the sp down here, amazed that people continue to sell, I would be buying all day long at this price if I had any funds available.
Agreed, if anybody has funds it would be silly to wait any longer. This could very well continue building in anticipation of news. Just done a couple of dummy quotes on IG here, NT to buy on any quantity between 5001 to 30000 shares. Strong finish on the cards with just a little more volume.