IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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Gordon pumping away knowing he will not be holding this by tomorrow
I'm delighted with 200 % in 6 months, my best performing gamble of the year. If JV is with BHP for wider projects and they have already given them $500k this could go much much further. Or of course happy with a complete buy out by BHP ☀️☀️☀️🌊🌊🌊🚀🚀🚀
Happydaze, its not even at the IPO price the offers in my opinion will be 25-50mil region go figure!!
Only going up now which is quite incredible after 200 % rise now in a few months ☀️🌊☀️🌊☀️🚀🚀🚀
Big jump on Google, trade filled at day high
Mikey
They may indeed need to raise, tho quite possibly partner/sales offers on Verkhuba and others may pre emt that.
But if a raise is needed, I don't fear it......there should be no shortage of funders, don't think it will be the sort of discounted, warrant heavy stuff that is the norm.
The assets here seem to me too valuable already, with such further potential, that any raise could well be at a premium.
Volume arrives and this bags
Here comes the rampers, he will be gone by the end of the day once he makes his percentage .
For potential investors watch and read the presentations by Alex and then you will see the value here and the journey they are on
Wonderful news as expected, enjoy the rise with more to come now ☀️🌊☀️🌊
£25mil MC by close of business today!
Is it BHP? Are the a potential suitor here?
Alex hs some very good contacts for sure! And having multiple offers it shouldn’t be a long process to review and come back! Await result!! Anticipation will only build
Mikey, because CEO stated that he would update shareholders by end of June.
Those that follow this company for a while know about the BHP backed copper porphyry exploration programme. The silica lithocap at Snowy is 18 sq km and could covering the next Tier 1 copper discovery. Today's RNS states:
'"We're pleased with the level of interest in the Verkhuba asset, with some parties' interest going beyond Verkhuba to working with East Star more broadly. We now look forward to finalising this offer process."
https://www.eaststarplc.com/copper-porphyry
A sign that wider funding may be on offer. The AI I am using has this to say about Snowy:
An 18 square km silica lithocap in Kazakhstan is a highly significant feature for copper exploration, particularly in the context of porphyry copper deposits. Silica lithocaps are often indicators of large hydrothermal systems associated with porphyry copper mineralization. The size of this lithocap (18 sq km) is substantial, suggesting a potentially extensive underlying hydrothermal system.
In Kazakhstan, this feature is especially noteworthy given the country's geological setting within the Balkash-Ili magmatic arc, which hosts major copper deposits like Kounrad (~800 Mt @ 0.62% Cu) and Aktogai-Aidarly (~2.5 Bt @ 0.39% Cu). The presence of such a large silica lithocap in this geologically prospective region increases the likelihood of discovering significant copper mineralization.
While a silica lithocap doesn't guarantee the presence of an economic copper deposit, it is a crucial exploration target that warrants further investigation. It provides a focal point for more detailed geological mapping, geochemical sampling, and geophysical surveys to identify potential copper porphyry systems at depth. The size and location of this lithocap make it a prime target for copper exploration in Kazakhstan.
Womo agree! £25m seems low end to me!
That is my point, why say you're vetting offers just announce it when its formal
Weak balance sheet means a poorer negotiation position, ie forced to take any lowball, would rather they secure some funding to get a higher price
All IMO
Mikey279, why would you show your hand when offers are being made. Can I play you at Poker?
Most offers are probably closed and private at this stage.
I don’t see why they would release offers until they have narrowed down! We should assume they are far greater than the mcap for sure. This should rerate once the penny drops and anticipation kicks in. Great resource with significant value.
I think the asset is worth a lot, but the cynic in me thinks this might be a pre-cursor......why not just announce the offers, no use saying we're vetting the offers unless to pump it a bit?
All IMO
Desperate considering the ey just told us they have multiple offers on the table go figure!
Uscita, £25m MC. Seems very very conservative to me.
Said this 3 months ago.....must be near? IMO
The Directors plan to raise further funds during 2024 and have reasonable expectations that sufficient cash will be raised to fund the planned operations of the Group for a period of at least 12 months from the date of approval of these financial statements. The funding requirement indicates that a material uncertainty exists which may cast significant doubt over the Group's and Company's ability to continue as a going concern, and therefore its ability to realise its assets and discharge its liabilities in the normal course of business. This has been detailed in the auditors report.
No sellers as the stock is held by those who know the true value -patient holders! Most looking for 10p minimum! Under the radar and under valued
Uscita, remember this rto at a higher level and Alex has taken it very far to receive several offers in a short time frame! Well played to him and t he team
Verkhuba is just one licence in the Rudny Alti VMS.
Our field teams have been working since early June, conducting mapping and litho-geochemical sampling over priority targets in the Rudny Altai VMS licences to ensure the best are selected for drill testing this year. We look forward to providing a more detailed update on this work in the near future."