I thought last oxides kitty was about 9-10 mill tonnes and stopped when enough was reached for the oxides project ..... which we gotta remember is only a gapfilla to the main game like in other mining plays? And yeah oxides should be simple enough ..... 90+% recoveries in the pilots?
U better check yr stats Henza cos oxides aint only at Browns but also at the nearby satellites ... Browns east, Area 55, Mt Fitch so far. I can see where u get yr figures tho ... u only count the Browns increment. Prob all the gapfilla they will need anyway til sulphides start(?)
Wiza r u taking "time will tell" lessons from Pirra haha.
Gamias good to see u sniffing again fellow Olympian .... come on tell the truth ...... u r just a sentimental fool like the rest of us, coming to the King's side for his return crusade ... primary wave "C" ... should be bigger than "A" ...... and u know I use logs from whatever base low which is why everyone calls me crazy.
Kalmsie u old seadog, yr words are always kalmsing and welcomed at any thread I attend ..... love to see u finally aboard the Ark as with Pirra. Looking myself to joining you aboard the cousin's boat soon as well. Grab an invite to the AGM so we can have a drink. Hope they hire the ballroom this time.
Gotta say looks like recent selling action appearing end of day smells of foreign insto unload .... and we know Citadel have been selling recently ..... at last report they stated they had 6 mill left after selling 2 mill recently. Volume is going thru at half a mill a day ...... so maybe (?) It IS a US hedge fund aint it? Is it possible we have some distress selling akin to margin call victims? Close watch on the capitulation volume if so cos this might be final boarding call.
I have been watching for signs of selling slowdown but keep getting conned at EOD. Hence my probing Damoclean nets thus far are only small ..... but also have some deeper shark nets to deploy if I sniff wounded shark blood in the water. NEVER thought Id be bbq-ing such cheap bear meat ever again. Starting to get a taste for it again.
Gotta also say, good to see our old Olympian crew being attracted by some kinda firesale RECKONING ......... remember, there can be only one Jungle King, highlanders.
Watch the descending trendline ..... we are hugging it now and it wouldnt take much for springboard reversal, cos that will bring in the cfd longs again in force. Close watch on the net possie pls U-Junkie. Punting on a C-1 broader market low around the equinox. Would be CLASSIC if we could manage start-up in a C-2 rally.
Been a while since I felt such exhiliration again. Must be the smell of perfect storm ahead and the challenge of extreme Ark sports coming up.
Lets see what comes out tomorrow. My average "in" price this restock for the Ark's coming third primary is high 150s. Dont care which way she moves short term cos I will be buying either way when next outa the neutral zone.
CMR's own VIX level is high now and may still spike. But methinks U better be ready for it proactively as always. Cant believe in a FIT we are only 200 mill market cap at this stage !!! Whats happened to the MEN in our local fund management industry. Bravo to H for sticking with the call ... Ima a believer. If I had the funds I'd bid for it solo. Might have to give uncle Warren a call for a personal loan haha.
Jokes aside bros, the reward / risk ratio is getting to extreme favour IMO ... like getting 10 to 1 odds for an even money rated fave at the track ... but yeah, tricky market hey. But resources are the final HEDGE against broader market calamity in this stagflationary period evolving, aint they?
Btw it was clarified at last asx release the only "debt" in place is C-notes convertible at 422 ea. And we seem to have focused full-on negative on the oxides which represent about 10% of the total (original) resource base. What about the rest bros? Thats the main game.
Bring on the bears Rags. Am feeling a bit peckish atm praise Zeus !
In my biased opinion of course (IMBOOC)
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
