5 Bagger Thread. Fundamentals and Opinions, page-514

First 514 Last

Share
Profile

Follow
Davisite

19,424 Posts.

6517

08/11/19

17:05

Post #: 41326861
Share

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.

Expand

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
3 Upvote

0 Great analysis

Reply

Top Stories

RBA holds rates as ALP election campaigning kicks off – expect more political focus

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

RCE

Recce reaches key dosing milestone in testing of skin infection gel

HVN

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 1,841 more messages in this thread...

First 514 Last

Add G1A (ASX) to my watchlist

(20min delay)
Last 5.9¢		Change 0.000(0.00%)		Mkt cap ! $44.40M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

5 Bagger Thread. Fundamentals and Opinions, page-514

RBA holds rates as ALP election campaigning kicks off – expect more political focus

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Recce reaches key dosing milestone in testing of skin infection gel

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Featured News

5 Bagger Thread. Fundamentals and Opinions, page-514

Top Stories

RBA holds rates as ALP election campaigning kicks off – expect more political focus

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Recce reaches key dosing milestone in testing of skin infection gel

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Featured News