Agree @wenty, I probably would take a punt if it was under...

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radx

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30/08/18

22:13

Post #: 35309525
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Originally posted by wenty ↑

Agree...let’s wait and see what results we get from BOTH Kanuka and Kitotolo.

Obviously, and understandably, most punters are currently focused on the lack of results at Kanuka, rather then the potential of Kitotolo.

There’s no doubt that IF Kanuka comes up empty, then 4ce becomes more riskier, more of a gamble.

But the way I look at it: imagine if Kitotolo was owned by a seperate entity. A seperate entity about to embark on a 16,000m drilling program on +3km of peg, along the same mineralised trend as AVZs world class and worlds biggest Li resource, where spod has already been identified from trenching work, where high grade of 2.15% Li20 has occurred...with this entity having a current MC of $11 mil.

Would I take a punt on this entity?

Damn right I would!

Thus, I continue to hold 4ce.

If SP is falling the closer we get to drilling Kitotolo, I will probably look at buying more.

If I were JB, this is how I would be spinning it at Africa down under. Would think there would be new investors who would see the potential of Kitotolo and value at current MC.

IMO

GLTAH

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Agree @wenty, I probably would take a punt if it was under different management.

JB and anything 1620 related make 4CE look like a dodgy pump and dump stock.

Last edited by radx: 30/08/18

4CE Price at posting: 2.6¢ Sentiment: Sell Disclosure: Not Held
10 Upvote

4 Great analysis

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Add 4CE (ASX) to my watchlist

Agree @wenty, I probably would take a punt if it was under...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game