Why omit what he actually means by that? It's a year of setting...

First 2779 Last

Share
Profile

Follow
Giovanni33

2,169 Posts.

511

02/05/24

22:10

Post #: 73639961
Share

Originally posted by Bunn-Wackett: ↑

Do you ever have a thought that you don't then post on this forum?Rarely.

Thomas Ullrich has said AW1 are going to need more money later in the year, which they certainly will. Dave said the March quarter was a light spending quarter and even then they spent $4 million so that $10 million ain't gunna last. It also makes a mockery of Dave saying in March this year the $4 million in the bank will see them through until the oppies come in lol

It seems to me that AW1 need to hit it big time with the exploration side of things, infil drilling won't do too much.

It's a year of consolidation and Dave has said "it's about setting up for nest year" ... that's gone unnoticed even though I've posted those comments of his before.

You may get lucky with the drill but this is a long term game plan, mining always is.

Expand

Why omit what he actually means by that? It's a year of setting up to progress the DSO. Many things we're waiting on like scoping studies, MRE expansion, negotiations with offtake partners, permitting. You're right it's a long term play, but wrong to suggest this would have trouble raising capital in the future when we have a superb deposit with mineralization open in all directions and copper absolutely flying.

This remains one of the best copper junior plays on the ASX. Feel free to challenge this claim and suggest a better one, I'm open minded.

AW1 Price at posting: 15.0¢ Sentiment: None Disclosure: Held
12 Upvote

3 Great analysis

Reply