Excellent summary there mate.. The buying late last week was incredible, 3 high volume days with the highest being on Friday and finishing on the days high. Extremely bullish price action and to me it suggests someone has realized that this is way undervalued for a deposit of this magnitude and is taking a major stake in the company (possibly a broker)...
I’ve been researching the Halls Peak area over the last couple of weeks and it seems to me like it is a wonderland for Base Metals. The project was shelved when JB came on board and had the bright idea of chasing fairy tales in Africa (we all know how that turned out!!) With a completely fresh new board and new name to come as mentioned above, this is a completely new company and management have BIG skin in the game and will be working around the clock to release potential/ true value here. I’ve read and heard about Rob Martin many times now and he is an incredible business man/ investor and dare I say he will put his money where his mouth is soon enough (more than likely in a blackout period currently).
Interesting to note about the halls peak area, historical drilling has pulled up some absolutely mind boggling assays from surface ranging from 34.5% zinc grades, 10.7% lead grades and 178gpt(6.3ounce) silver grades. 4CE also have a $90500 government grant to drill the halls peak tenements that will cover half of the initial drill program. 29mil MC for this amazing project and that’s not even including the incredible Oman copper projects which we will hopefully hear more about block 4 in the coming weeks .
All IMO, but I’m pretty excited for what’s to come. Bring on the new name!!
4CE Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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