ASE 3.57% 2.7¢ astute metals nl

out today, page-6

  1. 5,079 Posts.
    guys

    I have read the results and also looked at PEN who is a U player

    they had results of up to 3300ppm, only have U projects, (no gold at doolgunna) and have a market cap of $94 mill, their projects are overseas

    now if macphee is our secondary project and produces results similar to a $94 mill m/c company it is not bad. now they have already got core samples but these things cvannot be done in a day.

    the added copper results can only be a bonus so let's not be swayed by a few sells going through.

    I don't know how this can be viewed as negative, the results that is, yes we could have had more detail, drilling when? well they have to get a team together, and it depends on the weather, you see if they have drill rigs onsite and the weather turns bad then they still pay for the rigs to be onsite.

    so it is not as simply as it sounds.
    they need to get an idea when the rigs can be onsite and how the weather is predicted for that time.

    I would want core samples done asap but wouldn't want rigs onsite for a couple of months doing nothing and paying for them.

    I expect doolgunna results within a week or so and we will have a better idea what is happening there.

    but don't let a few trades determine the future of the stock, at the end of the day it is assets, at some point the market will work itself out.
 
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Last trade - 13.08pm 01/11/2024 (20 minute delay) ?
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