Metalnrg Share Discussion Threads

[smackeraim] 30/9/2019 17:41

The company's strategy is to progress project with cash generated from the projects itself. The initial indications from the work completed thus far at Gold Ridge would suggest that we are on the right track towards further developing the Gold Ridge Project.

[smackeraim] 30/9/2019 17:40

Surely you're missing the point? The point is, that this first waste shows that it could generate a bit of cash, and if can continue it may just validate the strategy here, as outlined below from the RNS a while back.

If they can fund the future phases from waste, it could be cheap at this market cap by time next drills.

“Phase 1 will drill several holes in a waste dump outside of the main entrance to the Gold Ridge Mine to determine the financial opportunity that this dump represents, we believe that this area offers a quick route to cash flow and plan to confirm this over the next few months.

- We have identified a second phase of work, phase 2, which will seek to drill a number of holes from outside the Gold Ridge Mine back into the mine between level 3 and 6 to determine if additional ore is available for rapid exploitation. Phase 2 will run after phase 1 is completed and has been deemed to be successful.”

[sigora] 30/9/2019 15:50

well that was a dissapointment

[andy] 30/9/2019 14:33

"The particular waste dump outside level 6 is made up of 2498 tonnes containing 5.25
kg (169 ounces) of gold."


-------

Whilst this is clearly good news, 169 ounces of gold x $1,500 gold price = $253,500, less processing costs, so I don't expect the price to go "bonkers" at all.

[sigora] 30/9/2019 14:12

could go bonkers this

[babbler] 30/9/2019 14:09

Less than 1mcap

[sigora] 30/9/2019 14:05

if im reading this write this is huge for a tiny company

[sigora] 30/9/2019 14:01

is this traded on the tsx ?

[tomboyb] 30/9/2019 13:54

could be top riser today -

[tomboyb] 30/9/2019 13:51

RNS out!

in case no one has noticed -

[tomboyb] 30/9/2019 13:48

....

Could be back in 30s -

[comedy] 02/9/2019 12:45

well 2 buys and price moves?

[comedy] 02/9/2019 11:22

seems show starting???

[goodbloke1] 30/8/2019 10:04

Amazing the sellers have no patience which is why many don't make money.if the sample results are good then these will multbag from this level in my opinion.Then there is a possible deal that could materialise from present discussions.Another event that could multibag the price.huge possible upside but little down side in my opinion.

[comedy] 30/8/2019 08:34

i couldnt buy on i think wednesday morning until it hit current share price ..we have low buyers selling out or top slicing...gives people oppo to buy volume at current share price ..anything under 1p will be cheap...but possibility of 3 bagger from current levels

[tomboyb] 30/8/2019 08:24

We've seen whats happened to IDE and AD4 -

They have had big backer as well so anything is possible with penny stocks -

[comedy] 30/8/2019 08:21

todays sellers will be buyers. mistake to sell sub 0.5p??? way undervalued...guy bought and sold yesterday at a loss...and today would be paying more to get back in than his buy in price yesterday????

only 300odd mill shares!!!

[tomboyb] 30/8/2019 08:14

It does look to me like sellers are drying up -

[comedy] 30/8/2019 08:14

load up now and get a decent return in short term?

[comedy] 30/8/2019 08:14

thanks...looks like calm before people discover the stock???

[tomboyb] 30/8/2019 08:02

Thanks for the presentation -

[goodbloke1] 30/8/2019 08:01

https://www.share-talk.com/rolf-gerritsen-ceo-of-metalnrg-plc-lonmnrg-rolf-gerritsen-ceo-podcast/?utm_source=twitter&utm_medium&utm_campaign