RE: Mining Right - Nothing Outstanding Now16 Sep 2025 10:16
Time will tell with this one.....i've seen a notable acceleration in progress over the last 8 months or so, something as you rightly point out Jono certainly hasn't been the case for the last 6 or 7 years.
In that time, i'd be a lot more concerned if management were doing placement after placement whilst barely keeping the lights on.....i don't believe that is the case, more that the project had been 'put on ice' until the time was right to progress.
If the market was unfavourable years ago, that may explain the slow progress.....with the current macro environment conditions, the time to progress this project seems to be now.....and that's backed up by the activity the company have been undertaking over the last year (making progress on the MR, conducting surveys, completing drilling, attracting a mystery II, increased investor comms etc).
It may all be smoke and mirrors designed to give the impression things are progressing, whilst management take a salary whilst sitting back and doing very little.......Or, as I believe, the time is now right to accelerate this....and that will come in the form of receiving the Mining Right, completing a JV/receive more II investment, which will fund a large accelerated drilling campaign (not 1-2 years as you claimed) and declaring a maiden resource across all 4 zones of the project with updated project economics. After that, we may see a full sale.
From this lowly MCAP i see a huge opportunity for massive gains in a relatively short time frame....that's why i'm invested.
You preach caution....which is always sensible on AIM, but to completely dismiss this company as no more than a lifestyle company is wrong IMO but time will tell.
GLA
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