Big Technologies Share Discussion Threads

[lawson27] 23/1/2024 09:35

Followed the directors and Joined you @113 for the recovery here, GLA

[babbler] 23/1/2024 07:41

How does 300k.from the CEO sound then? ;)

[stu31] 22/1/2024 19:21

Hercules Silver Drills 100 Meters of 0.76% Cu, 113 ppm Mo, Within 461 Meters of 0.4% Cu, 74 ppm Mo

Posted on January 22, 2024
Hercules Silver Corp. (“Hercules Silver” or the “Company”;) (TSX-V: BIG) (OTCQB: BADEF) (FWB: 8Q7) is pleased to report positive results for drill hole HER-23-26 and confirm increasing copper grades to the west from recently reported holes drilled into the new Leviathan porphyry copper discovery at its Hercules project located in western Idaho (“HerculesR21; or the “Property̶1;). These results present a compelling vector toward the high-grade core of the porphyry system.

Assay results have now been received for HER-23-26 and confirm that grade increases west from drill holes HER-23-11 to HER-23-21 to HER-23-26, and from HER-23-08 to HER-23-05. Drill logs also demonstrate an increasing ratio of chalcopyrite to pyrite, a decrease in marginal phyllic alteration, and an increase in proximal potassic (biotite-magnetite) alteration in HER-23-26.

Copper grades also increase toward the north from HER-23-26 to HER-23-05 and planning is now underway to execute a 20,000-meter drill program aimed at vectoring into the core of the system. A new 2023 IP survey suggests the potential for significant expansion along a multi-kilometer trend beneath the Hercules Rhyolite, with no indication of considerable fault breaks in the system.

The Leviathan Porphyry remains open for expansion in multiple directions and thus far has only been tested within the 2022 IP survey area. Barrick Gold Corporation (“Barrick̶1;) has seconded three geologists to the Company and provided access to their senior technical team to help interpret the 2023 data and plan a large 20,000 meter follow-up drill program.

Drilling within an initial 500m x 450m area demonstrates increasing grades to the north and west.
HER-23-26, the latest hole drilled into the Leviathan Porphyry intersected 100 meters of 0.76% Cu, 113 ppm Mo, within 461 meters of 0.4% Cu, 74 ppm Mo.
New assay data and deep penetrating 3D IP suggest the potential early porphyry center may underlie the entire mapped exposure of Hercules Rhyolite.
IP data shows an arcuate-shaped chargeability target that closely follows the trend of the Hercules Rhyolite and roots into a vertical anomaly with coincident high conductivity (low resistivity) which may represent a potential early porphyry feeder intrusion.
With the aid of Barrick’s senior technical expertise, the Company is planning a 20,000-meter drill program to expand on its 2023 discovery.

Chris Paul, CEO and Director of the Company, noted: “The 2023 drilling season has been a massive success for the Company where testing of a large epithermal silver system at depth resulted in one of the most significant porphyry copper discoveries in the Western US in recent years. The first phase of blind drilling has now tested the copper porphyry system over a 500m x 450m area, with grades increasing to the north and west. Assays also remain pending for drilling within the shallow epithermal portion of the system which contributes to the potential future economics of the Property and provides investors with additional exposure to silver.

We are excited to be working with our new largest shareholder, Barrick, and their senior technical team, on the planning and execution of our upcoming 20,000-meter drill program. The ambitious program will systematically step out to the north and west of the 2023 drilling and test several kilometers of a new chargeability/conductivity target.

Further Update on 2023 Deep Penetrating 3D IP Survey by Dias Geophysical

The new large-scale IP survey carried out in late 2023 by Dias Geophysical Corporation reveals the presence of a much larger system in the lower plate than was previously recognized. Additional processing is underway to incorporate the 2022 high-resolution near surface data, which correlates well with the bornite-rich upper portion of the porphyry, with the new deep penetrating data, to generate a more robust inversion model over the entire Property. The new deep penetrating data shows an arcuate-shaped chargeability target which closely follows the trend of the Hercules Rhyolite in plan and roots into a vertical anomaly with coincident high conductivity (low resistivity) that may represent a potential early porphyry feeder intrusion.

[stu31] 22/1/2024 19:14

Hercules Silver Announces Closing of Strategic Investment by Barrick Gold Corporation

Posted on November 7, 2023

Hercules Silver Corp. (“Hercules Silver” or the “Company”;) (TSX-V: BIG) (OTCQB: BADEF) (FWB: 8Q7) today announced completion of the previously announced non-brokered private placement (the “PlacementR21;), resulting in Barrick Gold Corporation (“Barrick̶1;) subscribing for 21,265,370 units of Hercules Silver (the “Units”) at a price of C$1.10 per Unit for gross proceeds to Hercules Silver of C$23,391,907. The Placement represents a significant step towards the equity requirements to fund the Hercules Project and a strategic investment by Barrick in Hercules Silver.

Each Unit consisted of one common share of Hercules (each, a “Hercules Share”) and 0.32 of a common share purchase warrant (each whole warrant, a “Warrant”;). Each Warrant has a term of two years and entitles the holder thereof to purchase one Hercules Share for a price of C$1.32 per Hercules Share.

With the closing of the Placement, Barrick now owns 12.33% of the issued and outstanding Hercules Shares on a non-diluted post-transaction basis and 15.02% of the outstanding Hercules Shares on a partially-diluted post-transaction basis, assuming exercise of all Warrants.

The proceeds from the Placement will be used by Hercules Silver to explore the Company’s Hercules Project located in western Idaho.

All securities issued in connection with the Placement are subject to a four-month-and-one-day statutory hold period expiring March 8, 2024 in accordance with applicable securities laws.

In connection with the Placement, Hercules Silver and Barrick also entered into an investor rights agreement, whereby, among other things, Barrick was granted certain participation rights, top-up rights, information rights and rights of first refusal, all as more particularly described in the Company’s news release dated November 6, 2023.

Advisors

Gowling WLG (Canada) LLP acted as Canadian legal counsel to Hercules Silver and Davies Ward Phillips & Vineberg LLP acted as Canadian legal counsel to Barrick.

About Hercules Silver Corp.

Hercules Silver Corp. is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho.

The Hercules project is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometers of strike. The additional discovery of a new porphyry copper system at depth in 2023 adds significant upside potential to the Property. The Company is well positioned for growth through the drill bit, having completed extensive surface exploration consisting of soil & rock sampling, geological mapping, IP geophysics.

The Company’s management team brings significant exploration experience through the discovery and development of numerous precious metals projects worldwide.

[stu31] 22/1/2024 19:13

NOW HERCULES METALS






215.4m shares in issue (11/23). 264.8m FD. Market Cap C$144m (£85m) at 67c
Cash C$23m+ (11/23)
Barrick 12% (110c) Inst 2% Insider 6%

website:

Hercules is a large scale, disseminated silver-lead-zinc system that spans over 5.5km of strike adjacent to a new copper porphyry target.
Hercules is located in the state of Idaho, which the Fraser Institute ranks one of the best jurisdictions in the world for mining.
Developing a Maiden Resource Estimate through the verification of data from over 300 historical drill holes completed from the 1960s to the 1980s.
Project is 100% owned, subject to a 2% NSR, of which 1% is buyable for CAD $1M.​
Historical exploration consisted of drilling short vertical holes, aimed at evaluating a shallow open pit mining opportunity on just one zone on the Property. Modern, systematic exploration had never been carried over the larger system as a whole.

Jan24: Barrick Gold Corporation (“Barrick”) has seconded three geologists to the Company and provided access to their senior technical team to help interpret the 2023 data and plan a large 20,000 meter follow-up drill program.

57 mins
Rick Rule's Top 10 Silver Stocks & Silver Masterclass

[mammyoko] 19/1/2024 19:06

Picked some up at 78 - everything has a price. Firm into the close

[tsmith2] 19/1/2024 11:05

is that me or was that 2 x 1m at £1.have missed recovery so far

[qs99] 19/1/2024 10:05

Agreed on all, I like the product but this IMO is heading a lot lower. Will watch from sidelines and see where it ends up....GLA and DYOR

[bubloo] 19/1/2024 09:05

I meant if they lose the legal case

[bubloo] 19/1/2024 09:04

there is also a legal action from former Buddy owners. has anyone any idea what its impact would be if they that legal case. I am just looking at this company as there was a significant price fall.
contemplating whether in 6/12 this is a opportunity but cannot figure out what the drag mechanism case's implication would be ?
MT for the help if forthcoming

[dan_the_epic] 19/1/2024 08:56

problem is that they are overearning and margins for this business should be like 20% maximum. not 50%+!!!!! Are governments getting screwed on pricing?

[bubloo] 19/1/2024 08:53

those who bought at 75 pence will dump later in the day for a quick 20% profit I expect.

[bubloo] 19/1/2024 08:52

interesting they say revenues for 2024 likely to be similar to 2022 with reduced profit margins. That means even at today's price it is still on a very high PE. I get the feeling it has still more to drop and then may become investable on a two year horizon. I may wait for 6 months to let the dust settle down.

[mammyoko] 19/1/2024 07:52

Uninvestable

[qs99] 19/1/2024 07:27

looks like a few got wind of that update IMO and were selling down, seriously the city is so leaky ffs....DYOR

[qs99] 18/1/2024 15:41

Got this on my watch list for when it dips below a quid, let's see....like the business just not the valuation! Seems to have been a drip drip over last 6 months tho, DYOR

[mammyoko] 18/1/2024 15:06

Somebody got wind of the trading update that's due?

[camdenhills] 16/10/2023 13:33

Experiment with digital reporting obligation for hooligans in Rotterdam, Leeuwarden and Utrecht
October 12, 2023 4:27 PM
Modified October 12, 2023 5:25 PM

The experiment with digital reporting requirements for hooligans is being held in Rotterdam, Leeuwarden and Utrecht. During the experiment, a small portable box, the Mini-ID, is used, which registers if someone does not comply with the reporting obligation. Identification is done by means of a fingerprint.

The experiment is planned to start in November. The aim of the experiment is to test the reporting process and technology.

In the first phase of the experiment, ten volunteers will carry the Mini-ID with them. They are given a fictitious area ban and must report at certain times over a period of two months. In the second phase, people who actually have an area ban in combination with a reporting obligation will participate in the trial.

It is now the case that a mayor can impose an area ban on people who disrupt public order. A reporting obligation can be attached to this, to ensure that someone does not enter the prohibited area.

People who have a reporting obligation must report to a police station at a certain time. In practice, however, the physical reporting obligation is rarely imposed, partly because it places great demands on police capacity.

Riot
Recently, the discussion about football violence has flared up again. Two weeks ago things went wrong during the match between Ajax and Feyenoord. Supporters threw fireworks onto the field twice. The match was stopped. Riots then broke out around the stadium.

[qs99] 12/10/2023 11:00

Take off net cash and this is still in high teens EV/EBITDA with slowing growth, why?

Is this not a short?

Compare to Equals for instance, 40% growth, massive new market opps (Europe, USA, Asia) and this scalable tech business is on half the BIG EV/EBITDA rating IMO! DYOR, still waiting for the right entry point here.

[qs99] 28/9/2023 14:46

Looking back into this, like the tech, net cash and business, but way overvalued IMO still, so if it drops below £2 and hits £1.50-60 mark then I'm a buyer. Let's see I maybe wrong, but recent disappointment at "lower end" of expectations could mean they are open to further downgrades...GLA and DYOR

[cestnous] 04/9/2023 07:44

Was SCSW wrong when it said that this would never be a cheap company? It’s certainly cheaper than it was at the time of the recommendation.