Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
True 5x5 but if ppl play this now as a trade to nothing I really do think there's money to be made from .19 or lower I'd be happy to see how far this drops by Friday and then hammer it. We won't see that famous line 2.7 fair value for a while but we could see it get back to .3 for a quickish 30 percent profit
Fantastic news great opportunity to buy in well below that price by the end of this week. A big plus taking absolutely no notice of everyone who screamed to buy in a few weeks back at never to be seen again bargain prices :). It really goes to show that all the nonsense of getting a loan from AA or the bank was utter tripe. I hope a few ppl have learnt a lesson from this .....never take any notice of those who continually pump and and those that continually deramp the business.
They're going to really struggle to get a placement out via their usual brokers. They only have so many clients and I can't see them phoning many of them up as they are all under water. The sales pitch on the last few placements was even pushing the EH silver and that's still full of water still. If my broker called me and asked if I wanted to buy a few million more I know where I'd be telling them to go and we all know if they do a placement at another huge discount the sp will only retract down or even below the placement price so why bother taking part in the placement unless you got a load of warrants and even then they might struggle to get a placement away.
Don't panic, if you remember the last time there was a continued drop in sp certain individuals were trying to convince that the sp was being forced down to fill a huge buy order, if that's the case this there must be a flipping huge buy order being filled now :) strange how that scenario hasn't been posted again. LMAO
Getting tempting now end of next week and we could be looking at a bet to nothing with great odds. Only thing playing my mind is the placement situation because that will be at a further hefty discount and possibly warrants. Hmmmm
To coin a phrase I've read so many times over the last few months but this looks like rock bottom. Bargain never to be missed, ppl must be crazy to think they will get in at a lower price especially as China needs so much ore and I heard that Tesla will soon be making electric tanks for Ukraine, the demand for ore will be through the roof. Fill ya boots at these never to be seen again prices :)
Load up load up this is really the low low, China needs iron ore c'mon ppl fill ya boots this low will never be seen again everyone will be buying private jets when this finally comes good next year.
Why would anybody take any notice of Goldman, yesterday it was said that their predictions over the Chinese economy was just to cover their short positions so to be ignored yet today they recommend a buy on miners Rio and BHP and ppl should take note. Very strange indeed how on one hand they are to be believed yet on the other they are full of nonsense. Couldn't make this up :)
Feeling a little smug today that no notice was taken a few months ago when many were urging ppl to top up and that it was the last chance saloon before the gold rush. Buy order in @0.37 let's see what happens because that would be a nice profit v risk if we ever hit fair value
Bishop you won't get many supporters suggesting Australia may be forced to show allegiance to the west if China commits to supporting Russia but it is something I've considered and the point may come when they have to show their true colour.
Still a bit away from that and hopefully it won't come to that but I prefer to be realistic than say it would never happen because we just don't know
24 Oct RNS Heritage clearance expected Q4 2022. So my question to the eternal optimists is why UFO or IOCA are not listed when they said by way of an RNS clearance expected Q4 22. If the paperwork had not and still has not been submitted is that statement not misleading the markets or is there an error on the website?
Lol its only a few weeks ago that a certain person was banging on about a huge buyer in the background as being the reason the sp was dropping like a stone :) and now we got buys coming in and the sp makes a little rise, you couldn't make this up :)
That's the funniest thing I've seen in a long time 20p target LMAO one step at a time Max we're a long way from the 2.7p so called fair value let's get close to that first and hold steady. But I guess you're entitled to your dreams
The rns puts a bit of realism on time lines, so they have 2 years to mine 500,000 tonnes and 3 years to hit a million.
Also if the company gets taken out, the shares are immediately handed over to staff regardless of all the conditions being met. To me that doesn't look too great, but would obviously depend on the takeover price.
So they have another 12 months to try and deliver on the remaining targets.
2024 should be an interesting year.
Oh yeah 5x5 still balls deep sort of agree we won't get anything substantial until March April next year. It's going to be a long 2023 but think it will be worth it for a 4 or 5 bag from this position. Happy to sell out if that happens.
Anyway I've started the homemade sloe gin so if anybody wants to ramp like crazy or keep regurgitating old news or that China will save the world and silver will be $50 by June, crack on as I can't be arassed with it come Friday :) Hohoho
Behave Wents :) Lol some desperate ppl pumping this today :) really up to date news article, honestly if you're going to pay for news articles at least approve them before they get published. As for the other one being pumped did I miss the jump in the sp :) did we even make it on the risers leader board.
Honestly all this shows is desperation, keep it real there's still a long wait until decent news drops and then there's still no guarantee its going to be positive.
Very balanced post Deanok, I for one certainly didn't believe for one moment that anything would be done and dusted by the end of the year despite posts banging on about the word "expected" makes you laugh how some people interpret the meaning of that.
There is still so much to do before this gets over the line and we haven't even started the 60 day due diligence period with possible extension on the potential AA deal.
Still it's Christmas I'm sure we'll get a nice tweet from the BOD.