East Star Resources Share Discussion Threads

[thesaint5] 19/4/2022 08:35

I expect this to be attacking prior highs fairly quickly then we have nothing holding us back. We could see a little selling around this price by those who participated in funding at 5p and wanting jump ship, although it looks a very tight book indeed.

We are heading into a perfect storm with a very bullish gold price and bonza gold grades, there's an awful lot to like here including a very low market cap.

[the count of monte_cristo] 19/4/2022 08:24

For me, right now, with the information we have at our disposal on the four projects...I intend to be an aggressive buyer at anything below 6p, as and when my funds permit.

[soulsauce] 19/4/2022 08:20

In demand again. Another blue day 😉

[the count of monte_cristo] 19/4/2022 08:19

Added at 4.999p

[spangle93] 19/4/2022 08:18

Nor with Hargreaves, but that's not unusual.

[the count of monte_cristo] 19/4/2022 08:06

Cannot buy with Barclays. I want more.

[jfreshfield] 18/4/2022 19:27

Any chance of news this week?

[the count of monte_cristo] 18/4/2022 14:12

1Realist, excellent post. I was going to write something similar as I have also been going back through the old GGP initial discovery results to compare them to EST's. Keep your research coming, it is appreciated.

Regards,
ToMC

[aimmafia] 18/4/2022 13:18

#MCM - MC MINING - You should almost certainly be taking a look at this with sales at 142k tonnes per year at $65 profit a tonne gives $9.3 million Profit Per Year with such a small mcap of just 19 million!https://docs.google.com/document/d/1Ms6Szh1QV3ywrZ96dUg78R1cDjvytd0a27rITVdeQVQ/editTelegram Grouphttps://t.me/+q3g5WKG6H-MyMjBkMc Mining. Massively under the radar. Met Coal Producer. Should at least be on peoples watch list.!

[1realist] 18/4/2022 11:30

No need for any funding speculation until this time next year at the earliest. £4m in the bank at present will more than see us through the upcoming diamond drill programme and beyond. Then all signs point towards funding at much higher levels or a farm-in deal with a major...Take a comparison to GGP and Haveiron for example:GGP initial funding was £2.6m at 1.25p. Their Haveiron discovery hole was then a 121m intersection at 2.9g/t, 500m below surface. This set them on the path to a farm-in deal with Newcrest 6 months later and a 10x to 30x increase in share price to the 12p to 36p range. GGP current market cap is £550m. Still pre-production.EST initial funding was £4m at 5p. Discovery hole was 63m at 4.5g/t, from surface and open at depth. Better grades than GGP discovery hole, more easily accessible being from surface (even amenable to open pit mining / early production) and being open at depth is key because it means it won't just be a 63m length. The upcoming drill programme will see just how deep that mineralisation goes, and we already know the gold levels were increasing with depth rather than decreasing, with the final 19m being at 14.4g/t.This is why I'm sure I'm not the only one who's been quietly accumulating shares here. The current market cap of £8m is simply way too low, and it's incredible that the share price is still below the initial 5p funding level after those discovery hole results.

[letmepass] 17/4/2022 21:33

when are they getting into production.

[mostro] 17/4/2022 09:08

About 12p - 14p

[letmepass] 17/4/2022 05:41

Wonder what the placement price will be

[1realist] 15/4/2022 13:49

It's astounding that this is still below the 5p funding level, especially given the exceptional gold grades that have been announced since that funding, most notably the AP008 discovery hole in the 26 Jan RNS, which showed 4.5g/t throughout its length from surface, including a 2m intersection at 131g/t and the last 19m at 14g/t, remaining open at depth. Unrivalled levels of gold mineralisation. And the market cap is still only £8m, half of which is in cash. Like the good Count said, woefully undervalued...

[the count of monte_cristo] 15/4/2022 13:09

This isn't a pump though, it's a woefully undervalued gold explorer fully funded for this years, and probably most of next years exploration, with a discovery hole showing 2m of bonanza grades.

[shortcpx] 15/4/2022 00:25

Smart cookies it seem. Played the HE1 pump quite well last year.

[turbotrader2] 14/4/2022 16:51

Top up announced over 5 %

[donald pond] 14/4/2022 16:39

That 200k in the auction was one of mine from earlier that didn't get filled btw

[gf123] 14/4/2022 16:38

All mine are with interactive investor

[soulsauce] 14/4/2022 16:38

Oberon Investments topping up 😉

[shortcpx] 14/4/2022 16:01

Try HL, IG

[arab3] 14/4/2022 15:51

who do you buy them through , interactive investor will not allow ?

[thesaint5] 14/4/2022 15:16

That's what held price back, hopefully that is the last of our seller.