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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
|
|
|---|---|---|---|---|
| -0.15 | -4.23% | 3.40 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.55 | 3.50 | 3.55 | 3.40 | 3.55 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 18/4/2024 08:20 by the count of monte_cristo Positive:)Sandy Barblett, Non-Executive Chairman, commented: "At the beginning of 2023 we had identified what we believed to be a substantial copper VMS deposit. Our teams undertook extensive fieldwork to corroborate historical data before drilling in the summer. By the end of the year, we had confirmed the Verkhuba Copper Deposit, which is located close to processing infrastructure, and its potential for open pit development. We are now on the cusp of delivering a maiden JORC Inferred Resource before drilling again this season as a precursor to an economic study to demonstrate the low-cost development potential. As a company we have strategically focused our resources on expanding our exposure to copper, including the establishment of three exploration strategies capable of discovering Tier 1 copper deposits. In support of the copper porphyry exploration strategy, East Star was one of only six companies from more than 500 applications to be awarded the BHP Xplor grant with two out of the six companies from the 2024 cohort being focussed on Kazakhstan. The sedimentary copper exploration strategy with Getech conducting the initial targeting work in exchange for a 5% project interest also has the capability of discovering Tier 1 copper deposits. Global majors including Rio Tinto, First Quantum and BHP have already shown an interest in sedimentary copper exploration in Kazakhstan and this strategy plays well into Chris van Wijk's significant exploration experience, including as the former Principal Geologist in charge of sediment-hosted copper exploration for First Quantum. East Star is now well and truly a copper focused company at a time of a global and dynamic shift in attention towards a metal which is essential for electrification. I would like to congratulate Alex Walker and his team in Kazakhstan. While markets have been tough and other battery metals have been under pressure, they have skilfully skewed the portfolio towards a potentially highly rewarding copper strategy, with a near-term development opportunity in the Verkhuba Copper Deposit and exploration upside backed, in part, by a BHP Xplor grant." |
Posted at 11/4/2024 12:56 by scrwal I think Verkhuba only gets sold if the offer is one that the company just can't refuse. The reasoning behind this is that I think Alex wants to morph the company into a decent copper producer and away from just a pure exploration play which if Verkhuba was sold EST remains an explorer. Listening to what he said there was obvious disappointment with the REEE but more importantly it was the price fall following even though the costs incurred weren't high which Alex highlighted, so possibly there is the major incentive to become a miner/producer so that further project disappointments aren't as severe on the share price.Obviously getting a boatload of cash is nice but then there is more pressure to actually show you know what to do and can pick the right projects which the market still seems to have doubts that EST can do - is the perception that Verkhuba is the golden egg and that's it. Anyway I had a small top up to just use my monthly free trade with ii as I don't agree with the market and it's valuation. |
Posted at 11/4/2024 10:58 by nogger99 Does the recently announced news of serious flooding in Kaz have any impact on EST's licences? I'm not attempting a de-ramp here; I've been looking at EST for some time and missed the recent share price rise. Are the floods a factor to consider before making a small punt? |
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? |
Posted at 10/4/2024 13:59 by scrwal Alex was very clear about EST being a copper play with Apmintas being a resource intensive luxury and a no for REEE.It was interesting to hear the very clear terms that a sale of Verkhuba would include - some thought has been put into the possibility. Looks like the news flow will be the JORC then Annual Report then activity update for the new season then BHP and a JV ( or vice versa the last two) |
Posted at 05/4/2024 17:01 by papillon 99% of my money is in GPM. Just have 3 very recent very small punts in EST, ARCM & MILA.My long term GOLD price chart turned Strongly Bullish at the start of 2023 (Golden Cross). My GOLD price chart has remained Strongly Bullish ever since then despite the volatility of the GOLD price in 2023. Gold & Silver miners are out of favour with investors, but that is slowly changing. Miner's sp's invariably lag the Gold & Silver prices when they go off on a Bull run! My short term targets for Gold & Silver are $2600+ & $34+ respectively (Bullish IH&S patterns). |
Posted at 04/4/2024 18:41 by papillon free stock charts from uk.advfn.comFor what it's worth my long term EST log chart is still Strongly Bearish. Of course this chart could turn Bullish if EST issues further good news. Will they? Hopefully! 🤞🤞 PS the current spike up is reminiscent of the one that occurred in early 2023. Hopefully further good news will change that comparison. |
Posted at 04/4/2024 18:33 by papillon free stock charts from uk.advfn.comFor what it's worth the EST Ichimoku chart is currently bullish. However the 14 day RSI is showing that the EST share price is overbought. |
Posted at 05/2/2024 14:09 by the count of monte_cristo Calm down. pngaseF has been invested in EST a long time. I doubt he is upset the stock he is invested in is rising:))Many of us on this board have millions of shares in EST...unlike the woman on the other board who was calling this to go to 1p. |
Posted at 23/1/2024 12:38 by scrwal Good news at last. Looks like BHP are interested in the porphyry aspects only and may possibly help with future development costs.Appears that the VMS will remain solely with EST subject to how it needs financing. A few more balls to be juggled but EST are setting up the new team which is financed by the grant- I wonder how long the grant will last as the work involved seems complex from the get go. No doubt Alex will get a presentation out once the team is up and running and he has a good idea about what happens going forward. Any rerate to me depends on getting the open pit up and moving as the porphyry isn't really off the ground and looks to be a bit further down the road - drilling may be 2025 at the earliest but they have the exploration cash. |
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