Like cat nip this one. $700,000 bucks or 10 million shares traded on the 19th. Clearly looks like a leak as the volumes are pretty abnormal.
In saying this the volume of shares traded was approximately only 2% of the total shares on issue, (488 mill shares on issue total). The price moved almost 100% at one point. Makes it seems tightly held or potentially...."EXPLOSITORY" (a new word).
Might not be a leak, you can't rule out Northern star or someone large looking to stake 10% here. (bahahahaha - it was a leak- the way the price was running). But hang about and let's just imagine it was Northen Star doing the buying, well they would still need another 4 trips back to the saucer to get their 10% blocker. The old mothers milk. Imagine what the price would do????
Such a free kick this one. Reminds me of Chalice when they were cash backed and had the right idea over there in Victoria. Went Banana's on something completely unrelated. This feels a bit like that. I heard AT described as crusty lifestyle. It's called experience.
Read this out of the scoping study
Substantial further upside potential exists as this Scoping Study has only assessed the economics based on mining 26% of the current published 5.7Mt @ 1.7g/t for 304,000oz gold mineral resource of Crusader-Templar; • Using a gold price of $3,500 the Production Target mining inventory for the Project is approximately: 1.5Mt at 1.75g/t producing 80koz gold; • The Production
Target generates an undiscounted accumulated cash surplus of $67M (after payment of all working capital costs and pre-mining capital requirements)
Then Pinnacles. 60 odd thousand ounces @ 4g/t- looking like high grade these days.
If Godfrey comes up trumps, it's on for young and old. If it doesn't, don't think I'll lose that much if anything (as another poster pointed out). Even if all awaited air core results are dusters original aircore results would warrant tightly spaced RC follow up. Really good numbers. Sort of looks like they have peppered certain areas this time with the AC. Perhaps it is really good but not super extensive. Laterally at least. (My guess- but obviously I hope it's bigger the Ben Hur....).
Also lastly, is anyone trying to accumulate and having trouble with bid/ask? Basically, I think the bots are programmed to make the ask and the bid wide apart, (say the last traded price was 7c then the bid gets worked back down to 6.5 cents. Westpac won't allow me to just buy a parcel at 7 cents, I have to start my bid at 6.5 cents and amend all the way up to the offer @ 7 cents. Well, it's like wearing a goddamn bell around your neck when you're trying to hunt a bird. As soon as you lodge and start amending your bid the offers start amending their bids also, always higher sometimes taking off completely. That's if your amendment works properly. Price discovery for who?? Anyway, I think this is good for holders. Two other thinly traded stocks I'm hunting are playing the same game, and I like their prospects a lot also.
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