Mission accomplished today with another 441,000 shares acquired...

First 212 Last

Share
Profile

Follow
thecrabpest

2,433 Posts.

1637

10/01/23

14:44

Post #: 65617971
Share

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
1 Upvote

0 Great analysis

Reply

Top Stories

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

MGU

New results confirm Buena Vista's iron grades potential

There are more pages in this discussion • 514 more messages in this thread...

First 212 Last

Add AKO (ASX) to my watchlist

(20min delay)
Last 14.0¢		Change -0.005(3.45%)		Mkt cap ! $16.86M

Open	High	Low	Value	Volume
14.0¢	14.0¢	12.5¢	$2.845K	21.18K

Buyers (Bids)

No.	Vol.	Price($)
2	24358	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	59996	1

View Market Depth

No.	Vol.	Price($)
2	24358	0.125
3	107891	0.120
1	168000	0.110
2	600000	0.100
1	50000	0.098

Price($)	Vol.	No.
0.140	59996	1
0.150	230755	3
0.155	14284	1
0.000	0	0
0.000	0	0

Last trade - 16.10pm 31/07/2024 (20 minute delay)

AKO (ASX) Chart

Mission accomplished today with another 441,000 shares acquired...

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

New results confirm Buena Vista's iron grades potential

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Mission accomplished today with another 441,000 shares acquired...

Top Stories

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

New results confirm Buena Vista's iron grades potential

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News