RE:RE:RE:RE:Overwhelming demandI hope someone does post our price predictions. I could use a good laugh at my own expense.
There is not much more I can provide but I will try. When I spoke with Tim, he seemed very upbeat and optimistic about what 2024 will bring. Tim has openly said they are taking a slow, methodical approach to exploring Moosehead. He does not like to take risks, AT ALL. On the one hand, it can be frustrating to shareholders but on the other, i respect his approach, because money raised in this industry can be blown extremely quickly. The reality is, there are enough high-grade hits at Moosehead now to know that hole 463, much like the discovery hole in 2018 are not anomoulous - they had to have come from somewhere. Gold grades like that do not just appear naturally and then have no subsequent deposit deeper down. Q4 of 2022 up until now, a lot of time and money has been spent trying to gain a better understanding of the structure they are dealing with due to its complexity. Tim and team brought in Dr. Collar, also a specialist from NFG, they also travelled to Ireland to study other deposits, completed alpha surveys and modelled the structures at Moosehead numerous times. This type of background work is never rewarded in the market place, as Mr. Market only cares about drill results and rightfully so. Anyway, he seemed extremely confident that they are understanding what is happening at Moosehead and through the identification of several deep targets, they should be able string together various zones next season and hone in on where the source of the high-grade is coming from. Again, I must stress that these were my impressions from the conversation, I could be dead wrong, but I also very much sensed strong confidence out of TIm and that is why, despite being overweight in my position here, I am adding at these levels yet again. Tims phone number is on every press release, I would encourage you to give him a call and ask your questions, he is always open to it.
What's it going to take to get the share price higher? Well at the end of the day this is a spec play, like any junior mining company. In this sector, people have short memories. They move on quickly if said company cannot continue to pump out amazing results and I think that is what has happpened here. The failure to produce results has led to many heading to the exits to pursue greener pastures (at least they think they are). It will take more than one or two good results to get this thing north of 0.40 now, but make no mistake, this is an easily attainable goal now, especially in a hotter market. If Tim and Co have an outstanding 2024, forget 0,40, this could reach a new all time high fairly easily.
On another I can't help but notice some of the bashers here on our board (Dutchvdl comes to mind) and there are several over on the CEO board as well. These guys often pop out of the woodwork and use their excellent knowledge of the field to sow doubt in many retail shareholders minds through repeated, knowledgeable posting. They can play both sides, the believer and the non-believer perfectly. I would caution anyone who reads these posts that these guys DO NOT have your best interests in mind. Hell, anyone on the forums has some sort of agenda including myself and its important to never forget that. Take everything you read with a grain of salt, including my words as well.
GLTA