Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
I've averaged down recently and are torn between pointing out Darrens inadequacies and talking up the prospects because both are true.
Immensely frustrated with the Obonga comms and that lies fairly & squarely with the CEO.
Awkward or Wishbone can be company makers and that is the gamble.
I agreed with everything you say.
The share price was deliberately suppressed on Tuesday and Darren is giving nothing away today which is kind of difficult to sell to existing and prospective investors.
Earlier in the year, the company didn't handle the Wishbone assays very well and I guess they want a moment of reflection to analyse results and decide next steps.
https://twitter.com/StockBoxMedia/status/1590695351954161664
Fewer drill holes due to slow but very pleased with holes so far.
Other than that 3mins 40s of BS
It’s all about the assets and cash. IMO the problem is overly ambitious management who can’t focus or stick to the basics & think their role is to constantly make the next pitch or next corporate deal or think they can do a couple of drills and flip the asset for a fortune. When times are good that style of management get away with it.
https://twitter.com/PantherMetals/status/1589984120729473025
Some basic maths suggests they've gone deep with the Awkward drill
Anyone noticed the trading patterns over the last week and the last two days.
Price was pushed upwards from 4.6 on virtually no volume.
SP should have reacted yesterday to those core photos and there was buyside volume but there are predictable sells between £1000 & £2000 blocks. Its not shorting and its not clear why someone would be offloading and at a very slow pace. Both the sizes & timings of the sells look designed to hold the share price at current levels, why?
With a bit more information from Darren this could be very exciting.
They're drilling an igneous (volcanic) intrusive (in effect a very large pipe) which is at or very near surface if they hit within a 50m drill. That has immediate commercial benefits, means lower grade are viable. Nickel is being mentioned although Lac Des Iles is famous for Palladium.
If this initial (shallow?) drill is promising (the guys have XRF & magnifying glasses) then they need to go all out with a 500-600m second drill.
I'd say the portfolio is focussed and as BCB says a discovery at any of the targets will be transformational, also the MCAP is largely covered by the investments. KAV in comparison has 3 dozen separate targets and is issuing shares like confetti and the CEO has 'baggage'. I wouldn't say its make or break for either POW or KAV but they are both betting the MCAP on multiple discoveries in the next 1-6 months. I'm heavily invested in both and are hoping for news before Christmas.
Tweet says drilling rig which is not the same as the first hole of this campaign has been completed. The target info, the location, the core are all secret squirrel which is disappointing as I’d like to know a lot more about the Wishbone drills.
They hit VMS in 2021 but on the periphery of the system hence grades uneconomic, but this time round the should be hitting the main targets.
I'm no closer to understanding the KSZ strategy and the scope of the JV. What I hope happens is at the end of Jan, KAV drills 5 or 6 holes into B1,3,4 and possibly a super deep 2000m int o the GRS, then on the basis of those results a JV but for the Northern licences only targeting Ni/Cu, IOCG.
That leaves the southern KSZ licences which in theory are shallower so easier/cheaper to drill targeting PGE.
More investment advice, apparently need to average down
https://twitter.com/Ben_Turney/status/1585360983202988032
Shares suspended pending "material drilling results" - this could be significant
https://twitter.com/CobreLimited/status/1585405509884006400
Would be helpful if they published the conductance reading, they didn’t use the words ‘super massive” which generally suggests high grade, a ‘superconductor’ certainly has potential but there’s a host of things it could be at the lower end of the scale, so cautious optimism required.
KAV released a CSAMT image supposedly 3km deep and if they hadn’t marked it up then I wouldn’t have had a clue what the target was. I thought the interesting part of the image was the sedimentary nature and what looks like some strong conductors, what are these and could there be deposits much deeper? I wonder if anyone has put a really deep drill into the KSB?