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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| East Star Resources Plc | EST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.05 | 07:30:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.05 | 2.05 | 2.05 | 2.05 | 2.05 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 18/9/2024 16:30 by scrwal Alex talks on Mining JournalVery heavy emphasis on Porphyrhy via BHP Xplor. Seems that all EST attention has been tied up with dealing with Xplor and not the other "small" stuff. |
Posted at 14/8/2024 12:56 by scrwal Thanks Spangle.I am surprised there hasn't been a tweet referencing Alexs' participation like they normally do on meetings which are also posted on the website in the media section. My concerns are that currently it appears there were no JVs proposed only 100% purchases which presumably have been rejected. We are now faced with at best some sort of JV where there is a major unknown being the new massive sulphide source of unknown value which presumably complicates how any deal, if any, is valued and structured. What was a process for Verkhuba being a mining resource with JORC for an open pit and underground mine has now become more complex with new negotiations with whomever when any relevant parties weren't interested in a JV. I think there should be a RNS issued explaining what exactly is going on with a revised timeframe together with managements interpretations of what this new source is about. I am calling it "new" as I haven't read anything released by the company referencing it. Apologies if the above comes across as a bit anti EST but they have usually been upfront with shareholders but seem to have dropped the ball recently - the dilution caused by the performance shares whilst it was as per the original contract it should have been flagged as a probability once the JORC was issued and since then things have slid downhill a bit. Hopefully we will now get a good JV but who knows if and when. |
Posted at 13/8/2024 20:16 by scrwal This was posted on LSE by the_river_card"Response from Alex when asked about Verkhuba sale / partnership during interview with the Hive TG last week: While we hoped it would have been finished by now the initial proposals were for a 100% purchase of the deposit. EST is an exploration Company and we feel there is good potential for further upside to the deposit. If it's a sub seafloor replacement style which we think it is, then there could comfortably be the massive sulphide source sitting below or offset. Selling the deposit completely and missing this opportunity the Board does not think is the best value for shareholders and so we thought it better to prolong for a different deal structure" This may explain the current price weakness. I'm not sure what will happen now and if they think there is a massive sulphide source then to get the best deal I would think that they need to do some drilling to somehow quantify this source otherwise how the hell do you get some sort of valuation for the parameters of a JV let alone an outright sale. If the LSE post is correct why the eff haven't the shareholders been informed of this massive sulphide source as it does seem to be a significant item. |
Posted at 08/7/2024 19:10 by papillon free stock charts from uk.advfn.comEST log chart. Will the EST share price drop down to the 200 day EMA and if it does will it act as support? I guessed the share price might drop to 2.50p today. I was wrong, but not by much. |
Posted at 08/7/2024 12:24 by papillon Alexander Walker gets another 31,874,202 shares. Value £1.1m at current share price. Puts my £400 punt into perspective! 🤣 Is he worth it? That, no doubt, depends on the future direction of the EST share price At the moment my long term chart is still Bullish. Will it remain that way? That depends on whether EST announces good news, or bad news! |
Posted at 26/6/2024 13:35 by papillon Rightly, or wrongly, I go by my charts, SHORTCPX. I did have very small, speculative, punts in ARCM, SOLG & MILA, but sold them because my longer charts stayed resolutely Bearish. My only remaining tiny speculative punt is EST. I bought that @ around 2p when it started it's Bullish run following good news earlier this year. I've kept hold of EST because my longer term chart has stayed Strongly Bullish. Will my chart stay Strongly Bullish and if so for how long? That's in the lap of the Gods and EST's future RNS's!! EST is a pure gamble! Unfortunately the chances of success with AIM & Standard List explorers shares are extremely low! They're fantasy shares. However very, very, occasionally they come good. GGP is a prime example, but even that success proved to be short lived. Not being greedy and taking profits is the name of the game and this is where charts come in handy! |
Posted at 26/6/2024 12:30 by papillon Why would I want to do that, SHORTCPX? I have only had a £400 speculative punt on EST. It's not worth the effort!With the benefit of hindsight I should have sold my tiny EST holding when the share price rose above 4p a few months ago and doubled my money, but I didn't. PS I only hold 2 shares. An investment trust and this very small speculative punt on EST. |
Posted at 13/6/2024 15:48 by papillon Bukowski750. Only been a member of advfn since 6/6/2024. Made 94 posts in total."Mainly drilled out through the 70's & 80's. Once "thought to be uneconomic" according to the report." Is it now considered economic because of the projected increasing demand for copper in the future because copper usage will surge due to the need to combat climate change? I've only got £400 invested in EST and I base my investment decisions on the chart not on advfn bb posts be they by bulls like TCMC, or bears like Bukowski750. PS the EST share price is just going sideways. It will doubtless breakout after the next RNS. Up if investors view the RNS as bullish and Down if they view it as bearish. That's all you need to know. |
Posted at 13/6/2024 12:11 by bukowski750 Just read the resource estimate technical report. It seems no exploration work has been done since 1990 before EST picked it up. Mainly drilled out through the 70's & 80's. Once "thought to be uneconomic" according to the report.Consultants recommended 50 by 50 metre drill grid density with some infill to test for continuity.Imho don't understand why the docile flocks are thinking big money for this when no one else was interested for decades, and EST have only drilled a smidgen over a thousand meters.Needs a proper drilling campaign to understand the deposit, will need a healthy budget!All imho dyor! |
Posted at 11/4/2024 08:38 by vesperdene Hi everyone. Some of you know me from a few posts on EEE over the last few years.I thought I’d briefly update my thoughts on EST, where I’m a significant shareholder. I spoke with Alex last week and also attended the investor update yesterday. Firstly, my position on copper has been bullish for some time (this is old news as per current market activity), but I’ve been building potentially life-changing stakes in various companies, including IVN, over the years. But at the other end of the spectrum, the junior side, EST and Pallas (private, Kazakhstan) are significant PA holdings for me, and I own multiple %’s now. Having been in mining for more than 20 years, I worked on Kazakh projects many moons ago in the previous boom (Kazakhmys at the time – Bozshakol and Aktogay). The vastness of Kazakhstan's copper and gold opportunities cannot be imagined. I liken its copper potential to Chile decades ago. The only difference is it's already derisked/proven, considering the mega-mines in operation already and the huge geological potential of tier-1 discoveries in copper, gold, nickel and lithium, to name a few. Also, its geographical location (purely from a supply chain/sales perspective is arguably the best in the world. I'm not sure if many know this, but Kaz Minerals is running out of mineable ore, and they’ve been woeful/virtually inactive in new discovery efforts in Kazakhstan. Juniors (and now larger miners/majors) have been staking land based on a Western code for many years, and it is about to pay off in a material way. I’ve been buying up EST for many months now and believe a significant rerate is on the cards with Verkhuba alone. It's impossible to ascribe an accurate value to it (especially from an outside perspective), but I would imagine that even with a 50-75% discount for whatever reason, it should fetch $25-40m, assuming a straight sale. I appreciate that’s not the plan, but logic tells me if they sell 75% of this asset, at a considerable discount, they should sit with $20-25m in cash and likely free carry to development. That’s a 3-4x re-rate from today, excluding the substantial exploration land packages (which is basically priced in FREE at the moment). At face value, Verkhuba offers low-risk near-term production, considering nearly processing infrastructure AND depleting reserves of companies owning it. In my mind, and obviously DYOR, this is as good a “high risk” bet as anyone can make, and I fully expect to see (post-deal-close) for this company to be worth $30-40m all being equal. This should equate to a share price of c11-13p in 3-6 months IMO. Good luck all. Happy to hear from the forum on what im NOT SEEING? Thoughts? |
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