Hi all While waiting for news I thought I would do a quick breakdown of movements in the T20, given I have access to this and last years T20s per annual report plus T20s from 8/8, 29/8, 7/9, 12/9, 26/9 and 29/9 (in this years annual report) The reason I have so many is a few days after major news I request one as I want to retain my position in the said T20 and it's the only way to check.
So, here are some base numbers:
22 Annual report T20 held 104,522,166 shares 8 Aug T20 held 139,645,939 29 Aug T20 held 148,442,358 +8.79m Bennetts & Middelkoop join T20 7 Sept T20 held 153,678,703 +5.23m 12 Sept T20 held 155,411,705 +1.73m 26 Sept T20 held 157,454,142 + 2.04m 29 Sept T20 held 164,767,655 +7.31m
Between 8 Aug ( post sed host discovery announcement) and 29sept 16/20 of T20 remain unchanged all 4 dropped are retail holders biggest was Glitterati (F.Molino). 3/4 replacements are nominee accounts The T20 added every date The biggest jumps were post send host discovery and the days after send host assays released! Between annual reports T20 added 60,245,489 shares Between 8 Aug and 29 Sept T20 added 25,121,716 shares T20 added 7,313,513 shares between 26 and 29 Sept
HSBC has grown 1.2m to (p15) to 33,230,747 ( P1) BNP retail from 0 to 16,550,887 + 3.68m new between 26. & 29 Sept post DD assays CMC nominees and ComSec Nom both new to T20 on 29 Sept and added 3.92m and 3.88m respectively all purchased after DD assay Sabre Power new to T20 on 29 Sept purchased 4.37m between 26-29 Sept after DD Assays No 1 shareholder purchased 1m + shares post DD assays
In other words retail impatience rewarded the T20 with 7,3m very cheap shares in the days immediately after DD assays
As every progressive T20 has seen an increase in their total holding my educated guess ( and the fact I bought some more too) is that the next T20'will show continued growth. That's more shares in sticky hands, Funds and INSTOs. More infill assays coming ( infill so expect them to be bread and butter)... there might be the odd dab of honey but they are really just to verify continuity of 4100, 2750 and 2200 shallow. There may even be some dusters as they do test boundaries ... that's part of the point 1 last DD assay. It wont be exciting. Nobody is expecting it to be. If you are expecting it to be sell now. Lemming ( eyeroll) We have maiden shallow JORC. It will be significant, it will be a cheap and accessible DSO operation .... details likely with it They can mine at Storm. They can mine all year round. Arctic desert ... look it up. We have Indium assays coming. To access indium ( only source in US of this critical mineral... oh wait so are copper and zinc)!... you have to mine the zinc .... so add that to the value too CW drilling will start soon too ...
If you have doubts, sell. You can't be half pregnant. Either you believe the sediment hosted story like Middelkoop and Bennetts do and whoever is behind all the new nominee accounts... or you dont. So sell You either believe the shallow resource is already whopping, will grow significantly further with Thunder, Lightning Tempest, etc and can be mined with a simple DSO process..... or you don't believe ... so sell. You either believe having the USAs only source of a critical mineral and over 10 years supply of it at least already wrapped up in a significant zinc resource .... or you think that the US prefers to get supply from countries like China and won't be looking at West Desert.
You do you... the cheap shares are being vacuumed up every day by the T20, T50 and indeed new holders of every size that understand what AW1 is sitting on .
Cheers Gottinhimmel Not sure saying don't be a lemming to a lemming means anything.... so if you are a lemming ignore all the above and sell already. If you are one of the fleet of downrampers and trolls and present holders keen on telling everyone repeatedly how stupid we are ... sure .... done....we are stupid ...thankyou for so diligently pointing it out to all of us still here and adding more shares... that said I do like the company of such resource industry doyens as Mark Bennett and Dan Lougher and well researched folk like Willem MiddelKoop ... all of whom put their money and reputations on the line
(20min delay)