5 Bagger Thread. Fundamentals and Opinions, page-514

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Davisite

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08/11/19

17:05

Post #: 41326861
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Originally posted by rennis ↑

Hi Onspeed,
I thought the AGM was good, I'll put a more comprehensive reply on the AGM thread later tonight after work and after I've sorted the family. But in summary, financing is expected to close in December or January, it is a bit out of G1A's hands given the banks need to feel comfortable, and Xmas break also gets in the way. Alex feels the closing of financing is a probable factor the market may be waiting for, as it effectively gives the market an independent insight into the worthiness of the project (i.e. the loaning banks' opinion on the project). Another separate factor could be the time delay between now and when they are producing, which is anticipated to be 18-20 months from now based on current plans, and some market players only start to get interested when The 'premium' for the concentrate is estimated to be ~$4M p.a. when at full production. I was hoping for more, but the NPV of this alone is ~ 1/4 of the current market cap, so it is very nice when considered in that context.
Near term plan is to focus on getting Abra up and running. They will look at drilling into the Cu/Au once they have the underground development in place, as drilling from there will be much cheaper than drilling from surface. Jillawarra remains of strong interest to them, but they are focussed on getting Abra right before thinking too much about these other zones. They will need to drill some holes to retain the tenements, but they are not planning an extensive drilling campaign at this stage. If they hit something big, that could change.
I have been in the market this week getting a few more, lucky to pick some up after the AGM today at 31.5c. Order still not quite filled.

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Thanks for the update, very useful. Any mention of why all the churn coming out of Credit Swisse?

G1A Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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5 Bagger Thread. Fundamentals and Opinions, page-514

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Firefly positioned for copper growth in Canada ahead of resource update

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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5 Bagger Thread. Fundamentals and Opinions, page-514

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Firefly positioned for copper growth in Canada ahead of resource update

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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