TMZ looking to break out today.
Printable View
TMZ looking to break out today.
ORR is worth a look, the SML (Special Mining Licence) is due to be issued hopefully very soon by the Tanzanian Govt. possibly even this month. It's a big deposit 3.07moz at 4.03g/t will cost approx $US300mill to develop and will produce 213koz at an AISC of $US838/oz.
I hold these.
Keep a eye on $WWI next couple of weeks it’s taking many years to get to this point in time will the 4Moz*+++ 3G/t gold be able to be mined ... if approved SP will fly
How many shares you got currently with WWI?
How many do you intend to offload and free-carry?
What are you expecting the SP to rise to in the near short-term once the MR is officially granted? - 15-20c range based on seller hype and FOMO, and then slowly decline afterwards while the BFS to determine the economics later in year is completed?
How many years do you expect it would take for WWI SP to reach BGL/DEG levels, if at all?
just under 1million could well top up today to make it a clean 1mill ords ...
I have a SELL order in place @ 17.5c for a third of my holding ...that will basically give me free carry and some profit ...
I agree with your target 15-20c on FOMO but could be lower as Gold sector sentiment is off at the present ...we prob really need Gold to break $1900oz and trend north to reach 20c ...
I don't see WWI holding onto the westwits SA project long once MR-EA approvals are awarded ...personal think either Sibanye or Harmony will make their move before the years out .. I don't see WWI as a long term toll treater of Gold in SA .. we will either see a JV free carry for WWI or Cash 250mill etc payout ..
I don't see WWI as being the next DEG etc ... pure trade on asset sale once MR/EA BFS ...unless they explorer and find a major discovery at their Pilbara project
I see MEU - OBM - POD as being lower risk Aus based major miners of the future OBM of course is now Producing Gold .... LCD another I've just taken a few shares in .. high grade +low resource oz only 20mill cap
Wow, WWI cranking up today on volume, was there an announcement I missed?
Ann due 16th around EA - MR ... basically what WWI needs to have to turn that monster Gold resource back into a commercial operation later in the year ... I got a few more 7.5 right before it kick on ... certainly will move to the high teens if not higher if we here the right results .... to think I was BUYING at half a cent years ago !! If only I still held the 4mill shares .... now only just over 1mill
Yeah sadly I took the 100% ish profit and then sat on the sidelines from 1.4c to 2c then started buying back in when WWI potential to get EA - MR approvals to a turn for the better... upside here is pretty insane "Sibanye-Stillwater" 2nd largest WWI S/H holder!!! .. this is a 14billion USD Cap mining monster that has the Gold plant you could walk to from WWI project(I've viewed on Google maps) that has 12Moz + exploration upside (from the Chairman) ... just how many Tier-1 GOLD projects are there in the world this close to a Gold Plant.... they recently stated in the media they would like to grow resources in this region!!
Great to see LCD kicking on purchased my first lot last month got a few more 3.4c.... great little Gold play well worth a look
AZY, someone mentioned this the other day . I took a small position , looks like that was timely.
http://research.iress.com.au/IDS/old...091850000&ppv=
Just revisiting another impulsive investment about a year ago today.
JBmurc recommended CWX, OBM and RXL and suggested I would double my money within a year. Thanks to a fortunate disposal of MKR I have only lost 30% so far. Roughly $30k to $20k.
I should do my own research but I am too lazy so have paid the price. No bad reflection on JB's recommendations as he is in and out of companies depending on results and announcements, whereas I want to buy and forget about investments. Still haven't made any effort to understand the companies so getting the results I deserve.
Just thought I would update my progress as I don't want to do anymore work at the office today. Should stop posting really as I have been too busy posting this afternoon with nothing really useful to add. But have burnt some time especially with the crappy speeds on this site.
Certainly been driven by Gold coming of its Highs ...yet even at present AUD Gold price is at a healthy levels $2300oz+ ...I certainly wouldn't be selling at these levels GOLD is histrionic poor during JUNE .. I really wish I pushed you towards my other holdings at the time LCD,POD being a standouts to date .. always plenty of risks at this end of town >> I can change from BUY to HOLD to SELL all with a month and back again the next ... I did just the other DAY buy back into OBM @ 15c ... I also would like to get back on board CWX at this current levels ... see how WWI plays out ... we get positive MR - Infill drilling + DFS then I should have a good amount of capital to distribute as WWI should reach my 50% sell target 25-30c
Planning to BUY more OBM tomorrow ..and going forward would be good to get back to 500k shares etc>>
OBM at D&D 2021
https://www.youtube.com/watch?v=a9gNDeEti7Y