Member Info for 28jaczar01

Sterling metals share price rapidly commencing its re-rating upwards this week as predicted. It’s already up 30% (0.065 CAD) with high volume buying on the TSXV stock exchange (looks to have a lot further to go), since the 0.05 CAD SP basis used for the allocation of the Adeline transaction shares to Chesterfield.

So on their full holding of 12,692,000 shares that are now valued at 824,980 CAD (equates to 480,000 GBP) there has been just within this week a value increase of 190,380 CAD which equates to circa 110,000 GBP which in turn equates to over 15% of the Chesterfield market cap.

The market is not yet seeing the true value for Chesterfield here. But CHF Management recently awarded options exercisable at 2p……they know.

This news today is excellent as I was quite concerned that Sterling Metals (SAG) were going to relinquish their option to buy Adeline and instead fully focus on their recently acquired copper road project. The news today demonstrates that the Adeline Project remains very much a part of Sterling Metals ongoing plans and this outcome greatly benefits Chesterfield (CHF). Hence the significant rise in SP for CHF upon the publication of this announcement.

The modification to the deal payment whereby originally it was stated to be 400 KCAD + 4.5 M shares was updated to be 200 KCAD + 8.5 M shares is also imo good news. Consequently CHF have picked up an extra 4 million shares at the SAG current SP of 0.05 CAD = 200 KCAD and so the “monetary” value is equivalent to the original deal.

I have been watching Sterling Metals in recent months during the copper road project transaction period and their SP has dropped by around 2/3rd’s in this period due to a forced selling situation caused by the transaction which has now seemingly concluded and this has consequently left SAG under valued and due a re-rate (more details are available on the www.ceo.ca bulletin board (ticker:SAG)). Hence CHF has picked up the 4 million extra shares at bargain basement price.

Furthermore Sterling Metals looks to have retained plenty of cash on hand (circa 3 MCAD) following the copper road & Adeline transactions, in order to be able to finance their upcoming exploration activities without the need for a near term placing.

Here is the equivalent Adeline news release from SAG today. It gives a few extra useful details than the CHF version, such as the holding period for the SAG shares as being four months, etc.

https://ceo.ca/@accesswire/sterling-metals-exercises-option-to-acquire-100-of

Interesting SP movement here. Can someone who’s up to speed on this Company please in a few summary lines outline what they do as a business and why it’s got the stock market early attention. Thx

ID78….your calcs look ok for revenue side, but do need to be halved to account for the 50/50 JV.

What have you calculated as ball park value for the other side of the equation? Namely the GWMO contribution (50% JV) towards the associated direct and indirect costs (e.g. staffing, fuel/utilities, consumables, transport/logistics, maintenance/downtime, taxes, finance, overheads, etc).

Then the two sides of the equation can be compared and ascertained whether the currently installed/permitted 35T/Day set-up basis is going to be a profit maker or a money pit.

I suspect the maths will confirm it to be the latter unless the gold price goes parabolic in coming months or Brian’s ramp-up carrot gets implemented (lol).

Interesting photos, it would have been nice if they had annotated them to clarify on the key aspects/messages they are trying to get across to the reader from these site views (perhaps next time they will make the effort to do this). Wondering why they have edited the date overlay on these photos to just state “2024” and not retained the full dates on them ?

I was previously invested in HZM and timely sold out before the SHTF for them. Reason I got out was that I closely studied the build status photos they intermittently published with the support of another experienced industrial sites construction background friend of mine and we determined that they were not matching up with the on-time % progress that they were RNS reporting. HZM came clean eventually via RNS and the SP dropped 90% that day and the rest is now history.

Anyway I am not saying there are any similar issues coming up here. Its early days for KOD on the construction site with only the civil works commenced and so there is not much visible progress to be assessable so far. I will be continuing to review the progress/photos data they publish in the coming weeks/months and will post anything significant that I can see as being worthwhile to inform this BB. Hopefully it will always be good news.

For now I would just close by highlighting that the rainy season for the southern Mali region is due to start imminently, so they will need to have good drainage/dewatering set-ups put timely in place (btw I don’t see any sign of set-ups in these photos) or else their site works productivity will likely soon be taking a deep dive (pardon the pun). I have previously spent 4 years in Nigeria working on two onshore oil and gas construction sites and so know very well about the need for being well prepared for best overcoming the rainy season at the job site as being a key success factor.

https://www.weather-atlas.com/en/mali-weather-june

https://www.weather-atlas.com/en/mali-weather-july

I think on this latest raise the BOD has done pretty well really having reflected on it overnight.

Firstly on the timing they have got it done when necessary to support having the cash ready in good time for the upcoming funding needs.

Secondly they have got it done whilst the SP was at around 1p which I think was the sweet spot reference price for the market to set the placing price. If they had waited another few weeks I think they would have been working with 0.7 / 0.8 range as their basis which could have led to another circa 0.25p placing. As for the % discount this time around versus the SP, it sits ok for me somewhere in between the % discounts applied for the last two raises which seems reasonable.

Peeps will say why didn’t they raise when SP was higher to get a better placing price, I think it’s likely the market wasn’t open to that again like the last placing where if we are being honest a bit too much hype surrounded this share and had overly elevated the SP during those few months of very high volume liquidity. For this latest placing the market I think foresees that the volume liquidity will be lower and so more risk for them. Hence the 0.5p is a value the market is comfortable running with.

And he is still buying going by all these 5K value trades. The herd likely to arrive soon 🙄

Mindflair……in less than an hour it seems that someone has bought a TR-1 notifiable holding.

Interesting beaten down stock (had the name changed from Pires for which Chris Aker was a significant holder historically) that are sort of in the flavour of the moment AI sector (financing them) 🤔

CMRS gets covered on the traders cafe weekend edition, starting at the 6 min 40 sec mark. Zak sounds reasonably positive.

https://x.com/Share_Talk/status/1799807435626160441

It’s probably the warrant holder who exercised 25 million shares at 1p last week who is dumping although doesn’t make much sense considering whilst he made a small profit on yesterdays sales he has now dragged the SP below his cost price so any sales going forward look like they will be lose makers for him. For PI’s it looks to be creating a very cheap buying opportunity ahead of hopefully good news on the exploration assets from RP.

Far from it……The Cu concentrate grade is stated as being 20%. Furthermore, the recovery of Cu from the concentrate will be less than 100%.

This actually is good news in relation to Argo because it can be inferred from this swimming pool opening news over the holiday weekend with the blue sky weather in the background that this part of Texas was not badly impacted by the recent bad weather (Tornados, storms, etc) in the wider region. I had previously been concerned that there could have been some storm damages impacting upon Argo operations but seeing this article has put my mind at rest. So thanks for posting this news CLSKBull 👍

I’d be interested to know why there was absolutely no mention of these 25 million discounted 1p price warrants within the 2nd Feb 2024 RNS that announced the 1.2p price share placing (25 million shares)……that’s naughty from RP, but he does have past naughty form (remember the gold nuggets photo saga). Oh yeh and we still have no TR-1 issued relating to ownership of those placing shares. Perhaps it’s someone who RP would rather we were not made aware of?

Anyway this “investor” certainly got himself one hell of a bargain deal with these cheapie warrants included…..I am really wondering why he is exercising these warrants this soon with the SP at only a relatively low mark-up %?

If he tries to offload this high volume asap he will likely sink the SP to sub 1p and make no profit (unless he has already forward sold and/or places a shorting bet in parallel) ….perhaps he is readying for some big news to land and wants to be in a position to sell into the buying liquidity of good news?….or perhaps he sees another placing (sub 1p) coming soon and wants to get some value beforehand out of these warrants whilst they are still just about in the money?

It’s an interesting situation to watch for how it plays out 🤔

“any business with copper assets likely to be in the sights of predators right now….”

I think Anglo as a large miner is facing somewhat of a different scenario than what potentially faces explorer/developer Companies.

As an example more relevant to Solgold, look no further than Adventus (ticker: ADZN on Toronto exchange) which was just grabbed on the cheap in the past few weeks by Silvercorp primarily for their El Domo copper Project that is due to commence construction soon in Ecuador.

The big risk for copper (and commodities/PM in general) explorers / developers with desirable assets at the moment is that with their current deflated market caps they are likely targets for getting picked up on the cheap by miners who now have rapidly growing war chests due to the increasing commodity/PM prices.

These miners know the window of opportunity to grab themselves a bargain won’t last forever so lots of M&A activity can be expected within the next year or so.

Wonder why they are waiting for circa 3 months to make their first (trial) sales…any thoughts ?

Reminder that the put agreement notified as being exercised in today RNS is priced at 0.75p (more than double the current SP). Bodes well.

https://www.lse.co.uk/rns/put-agreement-s6l802y7ukvxqcw.html

MMs putting 50% of the buying volume over on Aquis exchange….circa 1.2 million shares so far today. Seems they are trying to keep it off radar. Maybe someone is buying in ahead of news ?

The heart valve related wording in this RNS is excellent IMO as it is putting pressure on the Company with the Material Testing Agreement to reach timely conclusion as they are “actively exploring additional potential partnerships”. They know what they have got is a game changer for this industry and there is nothing like marketplace competition to maximise the upside to the positive outcome. Bodes well.

Now showing….🥳

Seems to be a glitch on LSE…. No RNS since 7.30am this morning. Once they fix it the red dot will land and surely it will add fuel to the fire. In meantime those watching this BB right now are seeing it posted via other sourcing. Best to get in / top-up before herd arrives…..

https://www.investegate.co.uk/company/RUA