Icebergshares Quick round up on Election Day

Firstly I’ve not brought or sold any positions for a while, so If I am quiet about a share, it simply means I am busy, or there isn’t much to be said.

The UK election.

People need to pay attention to this, it will effect some shares imho. It looks like nobody will win and even a Labour-SNP or CON-LIB alliance will fall short of votes to get a majority.

This is likely to mean uncertainty, which the markets don’t like and deals which could well effect UK exploration, house building or whatever sectors your in….

Let’s start with the ultra-busy #NEW.

Its getting down to a value where even if there isn’t a short squeeze, with the money coming in NEW could be profitable cash handy shell company. Allowing for a dilution the MCAP isn’t unattractive with limited downside. This could help to derisk the upside.

A hefty warning though that a delisting for the company is possible so definitely one to only invest what you are happy to throw away.

#SAV drill results.

Although a little disappointing, I fully stand by my post on LSE.

“Blimey what a lot of info. I do wish David would spread it out a little bit.
Get the bad stuff out the way.
Zone 5 looks cr*p. I am glad they canned the drilling.
Zone 4 Diamond drilling wasn't great either, they missed the target. Yes there found evidence of VMS mineralisation, but they still need to find the actual mineralisation and that could take a fair bit of time and effort.

The western targets in Zone 4 look good from initial testing, they actually look great re gold target, although weak for copper. For me this looks to be a nice concentration of gold veins, separate to or leading to or from, the main VMS.

The market though does not value rock chip samples(those silly enough to have invested in ORE will know this). They can be very selectively taken and represented.

David needs to hit with the next ground of drilling to prevent SAV from being in danger, the trenching work, if done in enough bulk, might well be an advance to go, collect £200, if its good and it should be really.

Market won't move until we get that trenching work or economic movement on Mozambique imho, I just hope that David raises money post this work in August or September.

If I had to grade the RNS's today it would be a C.”

The gold does look promising but we need it to be AIM proof to allow the SP to recover and expand.

Overall still a nice hold, but I think I need to check with David to see if he can expand on the RNS a little.

#OXS still waiting, we still have definite silence from all involved and concerned.

We also have the usual overhyped and overpriced companies (won’t name them), but I hope folks are careful out there. Don’t get greedy, pick the safe bits and if in doubt don’t hit the button!