The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
We've very likely hit bottom now so with considerable news due I wouldn't be surprised to see many more days like this. 2022 should be a huge year for us once the majors get to drilling. MCAP a joke here and will correct itself when we least expect it, better to buy cheap than wait for it to rise further.
Agreed Bhargav, we're long overdue a correction in sp. Brad's just essentially given us a heads up that any day now news is coming. Potential for news updates from 2-4 NEW JV's alongside the main event at Anza. Very happy with my investment here with an exciting few months ahead.
I agree. To sell now at what is likely the bottom is the reverse of what we should be doing as investors. Just remind yourself that we have a JV with not just 1 but 2 majors, how many other explorers can say that? It's easy to get frustrated when newsflow is slow but we need to remind ourselves that we are at the beginning of the journey. Very much in the buy zone imo.
I know its the standard response but it could literally be any day, at the same time though we could be waiting weeks. If you're in this for the end game and planning on holding long term it's largely inconsequential. My advice to anyone would be to wait at least 6 months to see what impact Newmont have on the ground. Every chance they throw the kitchen sink at this. They just have to ensure they spend a minimum of $4m in the next 12 months, nothing stopping them spending considerably more.
A luxurious position for Zijin to be in with a potentially massive additional high grade deposit essentially a stones throw away from their own existing processing plant. No guarantee Zijin would be interested of course, but Newmont and Agnico have seen something in the BLEG's which has got them excited enough to take over the ground operation. Bidding war anybody?
Taken from Zijin website:
The Buriticá Gold Mine in Colombia is among the world’s largest, ultra-high grade gold mines, grading at 8.53 g/t. In operation since October 2020, Buriticá has become a new growth area for Zijin’s gold business. Technical upgrading and expansion at the Buriticá Gold Mine will be completed in 2021. After reaching its designed capacity, the mine’s production capacity will increase from 3,000 tonnes to 4,000 tonnes per day, and annual gold production will increase from 7.8 tonnes to 9.1 tonnes.
A bit of money spent on further production capacity and they could take all of our gold too.
I agree with you Chickenlegs, I've quadrupled my holding here since the beginning of August. I'm as disappointed as the next person that the communication has been weak (probably a fair bit more actually), but you can't let emotion get in the way. I did my research like I would hope everybody else here has, and we have to remember that we are currently cheaper than 12 months ago and I was more than happy to buy then. A fair bits happened in the last 12 months, and I expect with Newmont/Agnico on the ground this next year will far surpass last years progress by some margin. Can't see 2 of the world's number 10 gold producers wandering around between 5 rigs I fully expect a minimum of 10 on multiple tenements at once, gold in 2 or 3 of them and days like this will rapidly become a distant memory.
$4m secured for next 12 months drilling with the option for majors to overspend confirmed by Brad. You only have to look on company website at the geo-chemistry map and the size of La Cejita. Don't be under any illusions that the big boys are here for Apta. Remember Newmonts experts analysed the BLEG's at their own labs before they decided to commit to another year and take over ground ops. Why?
Also it was only a month ago this touched 26p, its only on the slide because of our desire for news. Majors still in charge of ground ops, news long overdue. Consider the land package as a whole and then consider its only a very small area that has been explored so far with some exceptional finds to date. Gold on another tenement and this will be back in the 20's quicker than you can say charliebucketts full of ****!
Majors know why they are here. Communication from the board is crap, nobody can deny it and unfortunately looks like its the way it will stay. Just important we all remember why we were happy to invest here in the first place. I've been buying here since my first buy at 33.5 and when funds become available I will no doubt add more. My advice would be to ignore posters like charliebuckett appearing out of nowhere suddenly telling you the sp is heading to 12p, not happening.