East Star Resources Share Discussion Threads

[shortcpx] 20/4/2022 09:28

Looks like new licences to follow alongside drilling.

[the count of monte_cristo] 20/4/2022 07:49

News out, seems like they are after more land. Fortescue Metals Group on the ASX have pegged now nearly 50,000 square kilometers in Kazakhstan!!!



Alex Walker, East Star CEO, commented:

"Kazakhstan continues to commit to improving efficiency, transparency, and access to data for mineral exploration companies. The transfer of our licences into formal joint venture companies within the AIFC, a framework which provides tax jurisdiction and legal certainty based on English law, reiterates our confidence in the system and the tenure of our licences. East Star can confidently move forward with securing additional licences that fit our exploration and project generation model."

[shortcpx] 19/4/2022 09:18

Hence the congratulations. Now an issue with "traction" lol.

[the count of monte_cristo] 19/4/2022 08:59

They have gained traction because of the research. Surprisingly enough, finding undervalued gold nuggets on AIM, researching them and then sharing that research, is of interest to people.

[shortcpx] 19/4/2022 08:42

I've been posting on whatever Mila/Est boards are most used. Congrats yours have gained traction over the older ones which I used previously.

[shortcpx] 19/4/2022 08:39

Out of interest, just online or on telephone as well?

[the count of monte_cristo] 19/4/2022 08:39

You seem to be following me around:) Good on you.

[shortcpx] 19/4/2022 08:38

You're saying you know more than the CEO? He's the only one doing interviews and presentations on YouTube? If you say so. I'll let you carry on with your Willy measuring 1% stakes...

[shortcpx] 19/4/2022 08:36

None of that addresses my point that Oberon have a track record with their HE1 investment which bodes well with their recent accumulation. You just got hung up on the "pump" reference. No mistake on Mila. It's not in the 10 Commandments they have to wait for an arbitrary milestone before doing a deal with Metal Rocks.

[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