Ann: GRE and ANX form copper-focussed Pilbara Base Metal Alliance, page-56

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jaguar68

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21/05/24

22:33

Post #: 73943236
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Originally posted by deedee33: ↑

Hahaha.. slick, good to see you have a sense of humour
I think Charting is possibly the only real way to make a living on the stock market.. fundamentals and resource will help you find the companies worth investing in but the charts are the ones that tell you when to be buying and selling. (I wish I was better at it)

but I've been following slick for quite a few years and was waiting with open arms at 4.4 & 4.1c after taking profits in the mid 6's (as the charts dictated)
I hope the interest in the copper market can maintain the share price here until the news starts flowing with offtakes and funding.

I think we're in a good position with a low soi, good management team and low market cap.

It will be interesting to see what happens with the share price over the next few weeks.. although it doesn't particularly bother me as I now have my set position and we'll be holding to production.

* I imagine today would have really rattled the cage of a few investors.. all I can say is stick to your plan. Be it buy-sell or hold.

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Yes I think GRE chose Anx because how advanced and connected they are , Geoff and Philip have been in the mining game for 30 plus years so they know , Im holding till production , I have doubled my shareholding in the last month and have no plans to sell any shares till next year that means there is alot of shares off the market for a while , I pay cash for all my shares now no T2 . Next year the SP will be multiples of today for sure .

Originally posted by CowsWithGuns: ↑

Watched the full interview & questions after work today. Key points for me were:

1. Geoff & ANX are pushing ahead with the base DFS case since that is what they've already modelled - the addition of ore from GRE is "extra" incentive for metal traders, off-takers and lenders
2. List of potential benefits == Operational efficiencies resulting from single operator, Better open pit mining contract rates due to increased mine-life, More favourable funding and offtake terms under a larger Project (point 1), Reduction in fixed costs due to economies of scale
3. Ore from Whundo has already been through Whim Creek before (need more tests still)
4. ANX & GRE discussing finer details of the arrangement - such as pricing, tonnage of oxide vs sulphide

The only negatives I picked up were Tom seemed unprofessional, unmotivated and slightly non-committed since Radio Hill (ARV) is much closer but it would require refurbishment so ANX seemed to be their best option for now ......................

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ANX Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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Ann: GRE and ANX form copper-focussed Pilbara Base Metal Alliance, page-56

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Ann: GRE and ANX form copper-focussed Pilbara Base Metal Alliance, page-56

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