The only question I have is will the MT survey at Isa North be done when wet season is over in April. Canobie and Isa North are both in North QLD so the drill season there is going to be between then and November. That also coincides with us bottoming now with the SP moving up with news following the psychology of a market cycle. The information about where they are at has already been published and can all be found by doing some due dilligence. It's at a low because projects are at infancy stage, newsflow is what the gets the SP going.
Now is the time to buy and sit tight in my opinion and I standby it being a screaming buy when I first onboarded in October, we're at the bottom of the cycle and entries here are basically at basement. I've been accumultaing the last 5 months to take advantage of when the wheels really start turning and I'll be rewarded with a CGT discount when the time comes and multiple projects have drill rods spinning. They have already clearly stated that this will be happening this year.
Take a look at this info graph and tell me where you think we are atm. If you think it will miraculously going to multibag overnight it's not going to happen yet (Yeah there could be a spike come news time which is extremely close - results will determine where it goes). The really big moves where multibags can be expected are still to come in my opinion and those of us that have bought at "historical lows" and practice patience will be the ones experiencing the Euphoria. Timing the market is more important than time in the market!
It is of my opinion that we are currently rock bottom of the cycle which couldn't make for a better entry to sit and hold. Longer term holders are experiencing depression but I think hope is on the way and we'll be optimistic of experiencing the thrill of euphoriaAmbergate is prime for Tronox or Doral to buy in my opinion as it's within roughly 6km from Tronox's Wonnerup mine and Doral's Yalyalup mine. Doral may be very close to end of mine life so perhaps they may be first in line and try snatch it from Tronox who say they have enough to run in to the 2030's whereas Doral commenced mining in 2022 with a 4 to 5yrs mine life.
This from Tronox - I'm unsure of exactly when this was published:
And this is from Doral stating they started mining in 2022 with a 4 to 5yr mine life and would make sense that they would be looking at Ambergate:
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The only question I have is will the MT survey at Isa North be...
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.026M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $11.58K | 1.93M |
Buyers (Bids)
No. | Vol. | Price($) |
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16 | 15024639 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.6¢ | 339323 | 1 |
View Market Depth
No. | Vol. | Price($) |
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16 | 15024639 | 0.005 |
9 | 4663694 | 0.004 |
11 | 6179550 | 0.003 |
7 | 5050497 | 0.002 |
5 | 5605000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 339323 | 1 |
0.007 | 3965890 | 6 |
0.008 | 2710179 | 8 |
0.009 | 250000 | 1 |
0.010 | 870379 | 6 |
Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
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