AKO General Discussion, page-212

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thecrabpest

2,468 Posts.

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10/01/23

14:44

Post #: 65617971
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Originally posted by thecrabpest: ↑

Yeah, completely agree.

I would be more than happy to participate in a CR. I would even be willing to buy with the knowledge that the price will likely go down, but have full knowledge that the money invested will help progress the company.

I would LOVE the opportunity to get an option at $1.50 with a 2024 expiry that coincides with when the studies will be complete and we hopefully have a $2 share price that is underpinned by extremely positive studies, a clear path to production that is supported by strong financials and well defined progress on the mining license.

With relation to the possibility of an off take, I agree that one is unlikely, but that was something Paul mentioned as a possibility in the latest video. Who knows how big the carrot might be. I think the DSO is compelling, but perhaps offering first right of refusal on the DRI grades could be a motivating factor. We are aware of only so much material that is suitable for DRI production.

With the options expiring, we only have ~73m shares on the register now.

How much do we need? I guess it depends...

How much would a PFS cost to develop? No idea, but I would say about $750k to $1.5m if I had to make a guess.

Will Paul want to do more drilling? If so, where and how much? Bekisopa would make more sense, but it would be good to start to unlock Satrokala?

I would say Satrokala would be more exciting given it is 66% longer than Bekisopa (10km vs 6km) and probably twice as wide (~700m vs ~300m - if I recall correctly). Would that proving up that stimulate interest from a partner / acquirer? Do we want that now or later? As late as possible as far as I'm concerned.

It is good to see the share price go up, but it is also very frustrating (for me) that a lot of buy depth has come onto the market, and the supply depth has dried up. I was really hoping to get shares for my SMSF (which STILL isn't finalised FFS) around the $0.175c mark. Let's see what happens in the coming weeks.

The market cap / share price should really be 2x or 3x from where it is, so it is still good buying.

And it's still 135 days between now and the end of April, so the waiting / patience game continues.

Expand

Mission accomplished today with another 441,000 shares acquired via my SMSF at $0.165.

That is a massive relief, and close to all time lows, which is $0.15c.

I am going to sleep well tonight.

Let's keep ticking boxes.

Last edited by thecrabpest: 10/01/23

AKO Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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Last 14.0¢		Change 0.000(0.00%)		Mkt cap ! $16.86M

Open	High	Low	Value	Volume
14.0¢	14.0¢	14.0¢	$1	7

Buyers (Bids)

No.	Vol.	Price($)
2	47708	14.0¢

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Price($)	Vol.	No.
15.0¢	86462	3

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No.	Vol.	Price($)
2	47708	0.140
1	56003	0.135
1	32228	0.125
1	33635	0.120
1	70000	0.115

Price($)	Vol.	No.
0.150	86462	3
0.160	63967	1
0.165	14000	1
0.195	2653	1
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AKO General Discussion, page-212

Lefroy boosts near-surface gold resource by 13% to 439Koz

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AKO General Discussion, page-212

Top Stories

Lefroy boosts near-surface gold resource by 13% to 439Koz

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Court process clears way for ARB to buy up 4 Wheel Parts business in the US

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