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Charger metals with the huge drilling programmes going on at £12M mcap
In same region as chalice mining £860M mcap, good results can take us back to 1p
Charger pushing further up be nice, Eagle was up 5% as well. But rincon was down. Hopefully another good night on ASX. Won't take much at all to move our share price
Hope it gets consumed by investors.
very cheap here took a few as can see 1p again at some point
https://wcsecure.weblink.com.au/pdf/CHR/02594537.pdf
ASX: CHR ??www.chargermetals.com.au admin@chargermetals.com.au
ASX ANNOUNCEMENT
7 November 2022
Charger’s drilling approved for the Bynoe Lithium Project
• Approvals received for the maiden drill programme at the Bynoe Lithium Project:
o Mine Management Plan (MMP) for drilling programmes approved in July 2022
o Aboriginal Areas Protection Authority (AAPA) certificate approval for up to 318 drill holes
o Charger staff currently in Darwin and on-site finalising access and logistics
o Discussions with drilling contractors around drill programme start date advancing
• When geochemistry and aeromagnetic data is viewed in conjunction with drilling results from
neighbouring Core Lithium Ltd (ASX: CXO) and other earlier explorers, the trend direction of
lithium-caesium-tantalum (LCT) pegmatites can be interpreted to extend from CXO’s adjacent
Finniss Lithium Project into Charger’s Bynoe Lithium Project.
• Results of geochemistry and field mapping suggest Charger’s Bynoe Lithium Project hosts LCT
pegmatite dyke swarms in zones that extend for 8km at Megabucks and 3.5km at 7-Up - the
basis for the intended drilling programme
Up 31.82%....Bynoe drilling approval.
Yeah let's hope our ASX shares get some love tonight, copper was up like 8% let's hope eagle gets a move. Lithium going mental and CHARGER having results and more drilling coming. Be nice but let's see tomorrow
Presume it's the apathy towards commodities holding us back. It would be nice to find some Lithium at one of the mines, that's hot. Lol. K
@Devil So using your NAV numbers but plugging in latest SP=0.375p
Summary
===========================
Total NAV Listed = £2,747,186.16
Total NAV Unlisted = £315,000
Total Cash Held = £625,000 +CLN
Total NAV = £3,798,650.16
449,796,506 Total Shares in Issue
Current NAV = 0.845p/share & SP = 0.375p
Revised trading =SP/NAV = 0.375/0.845 = 44.4% so 55.6% under NAV
That is what I call an absolute bargain effectively pricing large chunks of GUN investments hugely under quoted £value and/or risk assets at or close to zero!
ATB APR
Someone sold £3k and it knocked us down 10% lol
After reading all that positive stuff below, someone checked out yesterday lunchtime and dragged us back. Had hoped we were on the up. K
Media tech spac, I'm reliably informed will ipo next year.
They decided to put this off this year due to the markets
being in turmoil and the fact they were busy enough
negotiating the purchase of Skylab.
It's only a small £50k investment, but could be lucrative
in time.
Tbh, a bit like all our investments...
Devil/APR Thanks for that, good to get your updates. K
@Devil Nice, concise summary, but unfortunately for us sentiment is truly awful in commodity and PM space hence circa 50% discount to NAV.
What it does say is if you believe that things will at least return to the mean then GUN is an easy 2x bagger and if PM investment returns from currently less than 1% funds invested to mean of 5-8% then PM investments return will be biblical for PM stocks especially near-term producers currently priced on tiny multiples to metal in question.
IMHO this is now a matter of patience and slow accumulation where not everything will pan out but the other investments will more than make up for it! Rincon Resources is still the 'dark horse' with GUN retaining some 16% after their last A$1.2m capital raise on 13-Sept-22 and appointment David Lenigas to Executive Chairman who knows the Patterson region & players very well.
ATB APR
TBH it's not 100% accurate but it's up to date we have more pacific shares, lots of bombed out holdings like first tin.
Also, not sure whatever happened to media spac. Cash is probably lower I deducted 300k for burn.
Listed Investments (£2,747,186.16)
================================================
£895,013.94 (0.145bid) - Rincon (11,065,812 shares)
£365,620.75 (1.525bid) - Rogue Baron (21,543,563 shares)
£251,010.00 (0.18 bid) - Eagle Mountain (2.5 million shares)
£796,956.75 (0.45 bid) - Charger Metals Limited (3,175,000 shares)
£75,000 (0.75 bid) - Oscillate Plc (DiscovOre) (10,000,000 shares)
£134,421.00(0.35 bid) - Empress Royalty (600,000 shares)
£78,158.72 (0.072 bid) - Pacific Nickel (1,945,757 shares)
£108,333,30 (10 bid) - First tin (1,083,333 shares)
£42,671.70 (0.16 BID) - Omega Oil (450,000 shares)
Total NAV Unlisted (£440,000)
===========================
£265,000 - Low6
£50,000 - Media Tech SPAC
Gunsynd retains a balance of £111,464 of Convertible Loan (ROGUE)
Summary
===========================
Total NAV Listed = £2,747,186.16
Total NAV Unlisted = £315,000
Total Cash Held = £625,000
+CLN
Total NAV = £3,798,650.16
449,796,506 Total Shares in Issue
Current NAV SP = 0.845 Share price = 0.425
Trading 50.23% Under NAV
Rogue Baron Shinju Japanese Whisky
@roguebaronuk
We always had a strategic plan on how we wanted to grow. Part of that plan was to tie in with a larger distributor that could expand and grow Shinju. A lot of brands never reach this point. We’re excited about what this potentially means for the Brand, Company, and shareholders.
Rogue Baron Shinju Japanese Whisky
@roguebaronuk
“Although we never like to slow down the sales process, we felt that by taking a step back and transitioning to a much larger, consolidated US distributor, knowing it would take some time, it would ultimately pay big dividends in the future for the Company and the Brand."
Rincon Resources up 40% over last 3 trading days on news of exploration licences approval at Kiwikirra ahead of drilling campaign around good historical drill results.
ATB APR
Hope they get lucky before Gun spirals completely.
https://twitter.com/RinconResources/status/1586991821284335616
"Exciting news, as our neighbour's share price (WA1) finished last week up 500% after its Niobium discovery. The West Arunta region is hotting up."
https://twitter.com/low6sports/status/1585588367886098433
Low6 are proud to announce that we have formed a new partnership with @rivalryca
, to launch a new free-to-play Pick’em game for the 2022 League of Legends World Championship and The International 11.
https://www.low6.com/rivalry-partners-with-low6-to-launch-free-to-play-esports-pickem-game/
https://twitter.com/RinconResources/status/1585046489218404354?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
We are pleased to announce site reconnaissance mapping & rock-chip sampling is planned to commence mid-November.
Read more here: https://loom.ly/-anNXo8
The market seems to like the news....up 18.56% today on ASX
Just realised the typo...current mkt cap should read £2m.