Storm of Fortunes - Resource Guesstimate, page-37

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RichardAu

5 Posts.

04/07/23

14:12

Post #: 68612042
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Originally posted by JandJ: ↑

Lucky, well done - now have a look at the oppies. With the heads closing on 20c (the exercise price of the oppies on 2024-09-24) they will soon be in the money.

That's important for a low cap like AW1 because a T/O could come from left field any time. Having oppies 'in the money' means you can participate.
I think there would need to be a massive premium for a T/O to get up, so just do a few sums.
At present there are not many in the sell side, and someone just pulled a 400000 sell - I know because it was me, and I did some sums !!! lol.

For those thinking of a comparison for Storm - IMO there is not one, simply because it is expected that the surface ore will be so rich and easily sorted that they can ship off a few tens of millions of USDs as easy DSO.
Recall ore sorting practice is underway in Perth atm.

Also - dont be fazed by the climate - Canadians and Alaskans are used to working there - there are strict restrictions regarding safety and the environment (I have an oiler who thinks they have a winner, but have to wait for the Alaskan winter to do flow tests) yes 'winter' for ground to transport huge rigs. So a mining operation could probably proceed most of the year.

So I hope you have further good luck @squarepants, and it is catching. All IMO, DYOR.

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How shares of AW1 are currently outstanding and what is the fully diluted share count ? Thank you

Originally posted by JandJ: ↑

Lucky, well done - now have a look at the oppies. With the heads closing on 20c (the exercise price of the oppies on 2024-09-24) they will soon be in the money.

That's important for a low cap like AW1 because a T/O could come from left field any time. Having oppies 'in the money' means you can participate.
I think there would need to be a massive premium for a T/O to get up, so just do a few sums.
At present there are not many in the sell side, and someone just pulled a 400000 sell - I know because it was me, and I did some sums !!! lol.

For those thinking of a comparison for Storm - IMO there is not one, simply because it is expected that the surface ore will be so rich and easily sorted that they can ship off a few tens of millions of USDs as easy DSO.
Recall ore sorting practice is underway in Perth atm.

Also - dont be fazed by the climate - Canadians and Alaskans are used to working there - there are strict restrictions regarding safety and the environment (I have an oiler who thinks they have a winner, but have to wait for the Alaskan winter to do flow tests) yes 'winter' for ground to transport huge rigs. So a mining operation could probably proceed most of the year.

So I hope you have further good luck @squarepants, and it is catching. All IMO, DYOR.

Expand

AW1 Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.7¢		Change -0.018(15.7%)		Mkt cap ! $53.11M

Open	High	Low	Value	Volume
10.5¢	10.8¢	9.6¢	$763.8K	7.555M

Buyers (Bids)

No.	Vol.	Price($)
2	81000	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	10007	1

View Market Depth

No.	Vol.	Price($)
2	81000	0.097
6	349963	0.096
2	726315	0.095
3	75329	0.094
1	20000	0.093

Price($)	Vol.	No.
0.099	10007	1
0.100	227076	6
0.105	482881	9
0.110	280102	4
0.115	478300	6

Last trade - 12.59pm 18/09/2024 (20 minute delay)

AW1 (ASX) Chart

Storm of Fortunes - Resource Guesstimate, page-37

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Storm of Fortunes - Resource Guesstimate, page-37

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