Just checked in on the progress of sturec drilling. We might well see some of that $8m. Seems they're getting on with drilling and getting some good results. Could be a nice little cherry topper.
I realized a loss of £19,320 today on this pig of a share. Instead of signing deals to progress the company people are drawing hope from signing deals to delay payments of fresh debt? This is going down the pan guys.
Between designing pipelines on minecraft and shuffling their playlist they won't have time to read this BB. To say deals will be signed by year end would imply the deals are mostly done else you wouldn't have such confidence in them?
Hole 5 hasn't been reported because it was carp. It showed something but not enough as vasil said it indicated they needed to search a nearby area. Expect hole 5 results once the new area drill assay is in. Why would they release a bad result on it's own when they could release a decent one with it.
Let's be honest Davey how long does that take realistically? A team of how many? Sending 1 email a day at most, possibly the odd phone call? They're doing nothing.
Working on what exactly? A GSA that has already been 99% completed? A sidi farm it that's never going to happen? Let's be honest they are sat in seven oaks doing diddly squat.
RE: Will Anglo American win the race for ARC?17 Aug 2020 17:44
It's also possible NVS will meet members from Rio or BHP over lunch for a friendly chat with an under the table offer. This is business and this does happen whether people like to believe it or not.
RE: Will Anglo American win the race for ARC?17 Aug 2020 17:34
An agreement has probably been made with AA at a base price with add ons for the copper we find during this drilling campaign. Something similar to our casa/sturec deal.
The 7-10 days has passed vasil did say it was a thin layer of sulphides. I'm guessing they won't release these results in their own as it may damage the share price. I believe he said they need to explore to the south east? Once they've done that I think we will get both holes.
How long does it normally take to drill a 175m hole (average between 100-250m as quoted in the RNS) this also has to be sent to the lab once drilled for testing. I'm thinking about 6 weeks from now to get first results?
Do you think we are currently planning our own drill sites? Value wise do you think it would be better for us to chase new targets or to prove up what we've found already?
We are no longer the mess we was Mr longer. When VC was in charge we were looking for gold in a country/community that didn't want us to do exactly that. If you think back to Ortac it's a wonder anyone invested... what were we thinking?
Fortunately for me I started investing at 23. I could only afford 3k at the time haha. I've been able to average down quite easily as I started from a small base my average currently sits at 3.19. I am positive about this share just trying to bring what I feel is a realistic view to the contrary 10p by the weekend view. I can see this dropping back to 2.4p at which point I will be topping up again and I'm sure many will join me.
I did make those assumptions and I would rather you were right than me! I don't know whether or not that was directed at me westie? Ortac was the first share I ever purchased 7 years ago. I've been here since before we were talking about building theme parks in Slovakia to appease the locals. Thank god those days are gone.
Oiliest, if we had enough for them to make an offer I'm sure they would have. My thinking is they won't buy the asset unless we find more. AA are not stupid if they wanted to buy the asset they would have before we continue drilling, the fact drilling continues with the possibility of finding more will push the price up. AA won't want to spend more than they have to should we find more it will and they know this.