$5M capped $PLG with a $2.5M cash injection and further $2M in 12 months + 4% interest in Crestlink.
RvR shifted massively to the upside now, with project acquisitions the next step.
Cranston / Bahen / Dahrouge biggest holders on the register.
Watch this space…
@StarDestr0yer Company just turned into one of the best shells on the ASX. As you say, surely management been looking at projects for a while to pull the trigger on a vend…. A few handy players on the register
Sweet Mother Mary Joseph, Founder Metals just sold 12% stake to Goldfields for AUD$55m, equates $458m valuation and thats with NO JORC and only 200km2 of ground.
Are you paying attention $ALR re rate ?
https://t.co/xe0z8J5KHL
$SLB a low risk and high reward shell play, with a nice quarterly update. “We have identified a number of potential new projects and we are currently finalising terms.”
✅ ~$6M market cap
✅ ~$2.3M cash
✅ Over 10 qtrs cash left based on current burn rate
✅ BOD holding 19% register
Hopefully announcement not too far away.
Uranium on fire right now & markets going crazy overnight 🔥
$PLN only $7M MC with 44.2Mlb Uranium based on Historical Resource Estimate.
To bring EV / Resource Ratio in line with peers (removing outliers), would need an increase in share price to approx ~$0.30.
That's a ~150% increase from current share price ✅
BOD have collectively spent approx ~$1M on-market / raises, so a lot of skin in the game.
New CEO recently announced they are accelerating exploration at Skull Creek Amid U.S. uranium supply push.
PLN looking well placed to take advantage of uranium bull market if it makes it's way down to the juniors.
$AVM hitting visible gold mineralisation 140m below previous deepest intercept 👌
“Latest drilling suggests that contiguous, high grade gold mineralisation may extend from the surface to more than 500 metres down-plunge at Happy Valley.”
$13M cash in the kitty, very exciting times ahead.
@TheGladiatorHC Comparable peers currently valued 150% to 350% higher than $ALR. Not a bad value proposition when exploration has barely scratched the surface at Greater Oko.
$RML with a ~$75M MC have historic production of Tungsten at their Horse Haven project & they look to be very keen on it for future exploration programs (check out recent presos). Another critical resource China have a strangle hold on, so should only be a matter of time before Tungsten has it's time in the sun. $PLN looking like an early mover.
@TwinTurboCe1ica Nice bit of volume yesterday. Already appears cheap + a few potential catalysts in the near term, let’s see how long it stays cheap for in this market…
$NES #ASX
Position taken volume hard to ignore✍️
TOP 20 Holders nothing short of impressive
✅ $MTM #ASX Directors on board
✅No. 1 Head of trade desk at CPS
✅Number 3. Founding chairman of $LV1 Directors w 300M shares
✅Cannacord
✅Heavy hitters Steinpreis fam
$9M MC
DYOR