Trial open cut mining planned: ~100Koz pa Au at a conservative 1oz/t Au, page-179

Hi Midnight26 and all,

Of course some people would read that 86% of the company’s shares held by the top twenty shareholders (Closer to top10) as being tightly held others with a permanent and obstinate Gold negative slant may say the stock is illiquid.

However, the dim-witted view of tightly held or illiquid really just does not stand up if one reads back on the ASX announcements and sees that Drake where able to pick up almost 50% of the company stock for a 25% discount to the current share price. I also know of another chap that managed to pick up almost 10% of the stock under the same apparent illiquid conditions.

I think later on in the year possibly as soon as this October when Gold is over AUD $2,000.00 and the drilling program is yielding it’s early assay results we should know for sure about the true liquidity of this stock!

Just imagine how foolish people will look if they remain debating, sniping and watching from the side lines as this stock possibly advances towards it’s next target of a dollar.

Clearly there is still work to be completed for this stock and one would be foolish to ignore the inherent risks for precious minerals exploration; however, with respect I still see this as a worthwhile risk reward ratio proposition.

Talking about risk I have been watching one of the stocks that many people see as totally risk free such as CBA. They appear to now at least be admitting their guilt in those 54,000 money laundering charges. If they are hit with the maximum fines for these offences we could be talking about a Trillion dollar fine, and if that coincides with the eventual bursting of the current housing bubble then I feel many of the Mum and Da investors may see and educational experience in regard to risk!

CBA is down from over $85.00 at the end of July to just $80.50 as of Friday and the Federal Police have only just got their forensic accountants started on their dodgy bookkeeping ledgers. “Coding error” and pigs might fly.

“CBA blames money laundering allegations on ‘coding error”

https://www.ft.com/content/67e306e6-7b2c-11e7-9108-edda0bcbc928

Risk free banking !!!




Of course these are just my shared thoughts and certainly not advice; I feel we have sufficient opinionated advisors on this thread for the moment.


Cheers and very best regards: Andy