Ann: Significant Gold Nugget Discoveries at Croydon Project, page-141

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Johnathonc

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29/09/18

23:05

Post #: 35932442
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Originally posted by ghosta ↑

Oh dear. Ramper Bob is at it again. He's been wrong about just about everything except that the only way to determine grade is by mining.

Although we have scant details 12 months down the track, we still dont know if mining it will be economic....although a number of junior miners have already made up their minds and sold to Scrapton for virtually nothing. And Eric Sprott is still the only source of meaningfull funds to start development of this stuff, no major has yet to become involved.

We hear that Novo have some exciting news...they have purchased terraces of gold nugget bearing stuff that has had recent work done on it so the vendors know what they are selling. It has a grade that is so low that it has not been mined sucessfully anywhere else. While that does not necessarily mean it worthless, it will take a technological breakthrough to make clearly uneconomic gravel pay. If it was any other company the market would look on with amusement "good luck with that"! But it kinda devalues the worth of the coglomerate if the main conglomerate player gets excited about it.

These are the facts so far. Ive always been pretty neutral on this conglomerate gold, its interesting, it may be economic, and KAI which I still hold has very prospective ground, so Im holding for the time being. KAI's short lived bubble burst six months ago so the present SP hold no risk

Novos bubble has a way to go in its deflation, and I certainly dont think those exiting are in in way or shape " Weak Hands". There reasons may be variable, no results, timelines not met, lack of explanation, etc but it makes sense from an investment perspective to stay away from Novo until the prove something...if they do, then thats the time to enter, big bucks can still be made.

Meanwhile I follow whats going on bemused by Bob Moriaty,the Headless Horseman, and the articulate naive kid from Rogers, Texas, as they continue to pump a leaking bubble.

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People can sell or buy anytime they like, no one holds their hand and they can move on with the push of a button.
The only pumpers I see are those emotionally attached to their investments and only agree with those stroking their ego and what they want to believe.
People feel free to throw your hand up it you’ve been to CW, PR, DEG, CZR, PIO, Egina, Kangan Yandeyarra, Station Peak, Harding, Pyramid, Sherlock, Mallina, DGO, Cleopatra and others I’ve forgotten and others without a name.
People have to be responsible for there own decisions.

KAI Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
9 Upvote

2 Great analysis

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Ann: Significant Gold Nugget Discoveries at Croydon Project, page-141

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

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

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

Hastings progressing Yangibana to production with lower costs

The iron ore comeback: Can it last?

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Ann: Significant Gold Nugget Discoveries at Croydon Project, page-141

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

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

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

Hastings progressing Yangibana to production with lower costs

The iron ore comeback: Can it last?

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