Some things don't change with a new year I see. Same posters ramping the story all day every day, same results being spun as better than they are with selective reporting, same market waiting on the Linhuane lease to be granted for the next run and trading opportunity. A month after losing everything on the oppies being pushed so hard by the bulls it's like that never happened and everything is going to plan swimmingly
I get that to a bull everything is bullish. just like everything looks like a nail to a hammer. One poster in particular keeps referring to downrampers like they know nothing, when history and the share price has proved them correct over 12 months. I don;t know what the other two downrampers have to say lately because all their posts are moderated, but I'm sure they aren't agreeing with the bulls. Management has 'pivoted' from a large, long life mine target as per Mutamba, Corridor 1 etc into looking for a 100Mt sweet spot to start their development dreams. Tells us all we need to know,
KM hasn't been touched because 6% THM at industry low assemblage values just won't cut... and so the search for something that will.
Another 100Mt @ 6% THM tops from surface at Nhacutse doesn;t help, there is enough 6% dirt at KM if 6% could fly. 7% THM at Bugane doesn;t help, because the assemblage west against the river valley is 33% VHM down from 46% VHM at KM, needs 40% higher THM grade just to match KM ore. Same story at Poiombo-West I'm sure if the company would ever release the assemblage results. The higher assemblage in 'younger white, bleached sands' at Nhacutse-East keeps throwing up <3% THM results, much less mostly, and shows again there is no saviour out there.
Meanwhile, bulls are saying that Maroa-Marruca looks a winner because there are other deposits all the way east between Corridor 1 and these tenements. Yes, yes there is no shortage of sands with 4% THM in this basin, everyone that drills has found their own deposit of 6% and a road to riches. Or not, maybe the fact that there is so much undeveloped sand is because it's not rare or valuable. If it is valuable where is the super generous scoping study to show it? Can't run before you w2lak, can't get to a DFS and expect funding without starting at the SS stage. Share price during the mother of all commodity market booms talks so loudly I can hardly hear what the bulls are saying.
And here is what one bull who today posted they are aiming to buy up into the top 20 asked about the project's fundamentals.... DYOR, read bearish opinons and test your hypothesis is my advice. Good luck
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