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Rhodium at Mt. Thirsty?, page-37

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MarkyBoy49

9,951 Posts.

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27/05/22

10:49

Post #: 61656748
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Originally posted by tretchikoff: ↑

Very happy to have your comments here Scarpa.

Your industry experience and insights very welcome.

Two ( quite different) points for readers/ posters to consider. Creasy didn’t get rich by throwing money around. Most of these fellas have very short arms and very deep pockets! Ha ha!

So the dilemma for him will be how to get interested in our JV.. how to buy it without seeming too interested ie paying what he thinks is too much.

As the wise Scarpa and others have mentioned, it’s very likely mineralisation continues into our ground, so it would make sence for Creasy to buy it ( us).

Im sure quiet discussions have already been had.
I also doubt we would sell cheaply or before we have a better idea what we have at depth.

On the allocation of the shortfall ( which keeps getting brought up) have people pondered what was the actual mechanism of choosing who got some and who didn’t.
We don’t know what the criteria was so people presume favorites of the company got them all. We know this is not the case as regular Mail/ Dad investors got at least some.

So was it random... that would be fair if it were truly random? Was it first in best dressed? Not at all unlikely IMO. Was it according to how long you had been an investor or related to size of holding or a matrix of all?

Companies always publish in the fine print they can close early, do overs, do unders basically dish out stock as they see fit. If we go in for a deal on this basis we know the rules.

When the stock was just over a cent a few short weeks back nobody wanted it and you could buy as much as you wanted. Hence the shortfall in the raise.

The complaints about not getting the full allocation have certainly grown since Creasys discovery just over our fence pushed our price up considerably.

Im not saying people don’t have just cause to feel aggrieved I’m saying I don’t know. And that we all had the chance to buy millions of shares at just over 1c each.

Like Forrest Gump that’s all I have to say on that as I’m focused on now.

Just based on Norseman potential we are still very undervalued IMO.

Wherever the share price is when our drilling starts soon at Norseman, I expect it to double on excitement and speculation before assays are received.

Then we have Greenland

Good luck all.

Expand

I would also agree that given the potential of CNJ’s PGM/Rhodium prospect in the eastern part of tenement R63/4, CNJ is still very undervalued.

Particularly in view of the fact that this morning, GAL‘s MC has now reached A$320 million.

Cheers.

CNJ Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

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Rhodium at Mt. Thirsty?, page-37

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Rhodium at Mt. Thirsty?, page-37

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