Member Info for 28jaczar01

Qube also increased their short to be above the 0.5% visible threshold on Friday 13th June…..So with SP weakness seen here yesterday & today (so far) there currently seems to be no sign of closings.

Interesting to see if they put more pressure on the sell side in the coming days/weeks or will look to reduce/exit. The situation in Middle East may sway them towards the exit door.

I think POW has dodged a bullet here.

I have lived in gulf region for circa 20 years and I’ve seen that having local companies here as clients, partners, suppliers, etc is fraught with risk. The authorities will always side with them if things go sour.

Also why was AMAK a 1 Billion GBP listed Mining Company needing to get POW involved for scratching around looking for something worthwhile in their dirt (if it was likely to be good pay dirt)? Never really sat right with me….generally it’s the other way around whereby the big player does the farm-in to the small player’s asset. Were POW going to be spending their money and then having the rug pulled on them down the line if they found something juicy during exploration…..would have been quite a likely scenario imo.

Anyway, POW needs to laser focus their attention, resources, cash, etc on developing their key shareholder value drivers going forward. Perhaps part of this can be a dividend and/or share buy-back program with part of the funds they’ve saved here.

They should hire Peter Wall……lol

Look forward to hearing more about this TUNGSTON…..🤓

Many Thanks David I will research further 👍

Here is the news publication that First AU released on 21st May regarding their involvement with the Nimba gold Project. Mostly it seems to read ok if taken at face value, but I can foresee a few potential concerns as follows:-

1) The Figure 2 photo where the group are stood around “empty” core boxes. Wondering where are all the missing cores ? 🤔

2) There is no mention of the two new drill rigs + spares being already in transit to site. Ask yourself would the related upfront significant expenditure by First AU really be happening as Hamak is saying in their RNS at such an early time that is even before the transaction settlement is reached and before First AU has raised their required placing funds for the Project ? I would very much doubt it.

3) First AU speaks of post the transaction settlement to firstly be sending specialist structural geologists to site to focus on doing 1:2000 scale geological mapping for the newly generated exploration target to prepare for the drilling. This mapping program is a sensible and normal type of approach for a Company when first coming on board a new exploration tenement. This undertaking will however take some considerable time (months) to do the related mobilisations, surveying, collecting samples, getting samples lab results, analysing to establish drill plan, etc. Particularly whilst the impactful rainy season in Liberia runs from May until October time. Hence the determination and implementation of the drill plan is likely to be only achieved by Q4 2025 at best and more likely it would only happen by Q1 2026. Assay results from drilling will also take a significant time as they will likely need to send the cores overseas to somewhere that’s fully qualified such as the lab in South Africa so it will likely be into Q2 2026 at around a year from now before they will get the first drill results.

The pumpers on this board won’t like to see this logical basis message and will try to shoot it down or get it removed, but anyway if it helps a few curious readers here to take a closer look at what they have gotten themselves into and then hopefully save themselves from the future disappointments that are likely to be coming here, then I am glad to have helped out. DYOR.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02948738-3A668493?access_token=83ff96335c2d45a094df02a206a39ff4

There has been lots of recent pumping news for non Chinese based Rare earths and so I’ve been looking at related Companies such as HREE, MKA, REE, etc for taking up stock positions.

For HREE the main issue I am deliberating before pressing the buy button is whether the JORC compliant TREO grade of 0.087% is going to be sufficient enough to be commercially viable to develop the asset & take into production ?

In comparison Altona Rare Earths (REE) has their Monte Muambe asset in Mozambique with JORC compliant TREO grade up at 2.42% which is x28 higher than the HREE grade.

Would appreciate input from anyone here with rare earths knowledge, regarding the seemingly low TREO grade at HREE’s asset.

With this London based simulation, which you would assume to be the most complex set-up existing in the UK, having been successful then this provides confidence to decision makers to proceed timely with implementation across all parts of the country. Along with the increased funds being made available for the NHS as announced by Reeves yesterday, it bodes well for upcoming Contract awards here. Just a little patience needed.

Do you get a premium price for antique diamonds ?

Even the largest Bitcoin miners in the world with the benefits of scale etc are struggling to mine bitcoin profitably these days.

https://www.youtube.com/watch?v=S01owzVtu3c

Placing for the Red Setter drilling as predicted…..was a nailed on certainty that the previous placing did not fund for it.

Could be there are cheapie warrants attached to this latest placing that RNS is not mentioning, as was done previously. If so the selling overhang pressure this time around with this massively increased share count will be particularly aggressive.

4 million at 0.543 at 15.30 on 9th June was clearly a sell…..

There is a large seller taking advantage of the increased trading liquidity of the last few days…..in the know ?

The stiffler continuing to sell down ?

Relinquishing the RS license would mean WSBN gets nowt…..let’s see if an RNS drops tomorrow to clarify this clusterf***

Chris, I don’t think the Grams to Ounces “error” was a typo as you suggest (i.e. 550 instead of 505), because I notice they also did the same “error” for the only other time they had tweeted similarly (8th Oct 2024) for gold pour with weight information. That previous time it was 8234.6 g and they incorrectly stated as 290 Oz, when it should correctly have been stated as 265 Oz.

It’s highly unlikely to be a typo explanation when it’s happened on both the tweeted times. They should not be tweeting such type of production related information that is being done by someone who is not honest and/or competent to do so. This type of information needs proper accuracy checking before publication, which would have happened if the information was being formally provided within an RNS. Let’s see if we get an RNS on Monday.

https://x.com/GoldstoneRes/status/1843666233901887870

Interesting pump tweet from the Company……

Why are they not using the correct conversion rate from Grams to Troy Ounces, which in turn allows for the correct $ value of this gold to be estimated (assuming it’s pure gold) ?

They should be using 31.1 conversion rate value which means for the scale measured 15709.4 grams in the photo it would come to only 505.1 Troy Ounces. Not the circa 10% higher value of “550 Oz” that they are quoting in the tweet, whereby they appear to have incorrectly used Grams to conventional Ounces conversation rate (28.5) to arrive at this false higher number.

Can they really make such a basic error by accident or is this a deliberate attempt to try and overplay their true recent production/revenue generation to the readers ?

This is a poor show for either reason. They really do need to get a 100% clear production status RNS issued (using the correct conversion rate) to the market at 7am on Monday.

👀 3 x 5K buys just gone thru…

Yes I believe I’ve read somewhere in their previous financials that it’s fixed that CAML gets 5$ per ounce for the silver from Sasa, irrespective of the silver spot price. That’s a shame.

Rubbish Jundee. Like everything you always need to be buying low and selling high.

Argo Blockchain was a 50+ bagger for me and many others a few years ago, so I would say many thanks to JB the original boss who set them up…..It was a pity he departed and that numpty PW then went on to ruin them.

Can see JB with his 15% equity stake in SBAR doing very well here. With the news published today there is already hints (AROK) of a crypto angle coming into play within their AI sector. All looks to bode well as reflected in the SP action (up 22% currently) this morning.