Member Info for 28jaczar01

The market starting to catch on that all the necessary pieces are nicely falling into place with the Q1 2024 production commencement forecast just around the corner.

More details….

https://www.lse.co.uk/rns/schedule-one-smarttech247-group-plc-vix5ux1jd0iy7di.html

More details…..

https://www.lse.co.uk/rns/schedule-one-smarttech247-group-plc-vix5ux1jd0iy7di.html

Good news…..Here is the direct publication by Smarttech247….

https://www.lse.co.uk/rns/intention-to-float-on-aim-dgopcjz10dcnuik.html

Here is the Smarttech247 published news release….

https://www.lse.co.uk/rns/intention-to-float-on-aim-dgopcjz10dcnuik.html

The news is now getting out…..PIRI just released RNS…

https://www.lse.co.uk/rns/PIRI/smarttech247-announces-intention-to-float-on-aim-5snklbcy5vwg730.html

Noticed RNS this morning from Conduity Capital (link below) regarding the IPO timing for Smarttech247 being lined up for 15th December. Just checked the Smarttech247 website and don’t see any equivalent news announced on there yet and so this RNS could be the first mention of it to the public and hence it is likely still somewhat under the radar this morning.

It’s excellent news for RGO to have Smarttech247 becoming a public listed Company.

https://www.lse.co.uk/rns/smarttech247-group-plc-update-sh3y62oeovvo016.html

Afritin ranked nicely at fourth on the Minerdeck (well followed on Twitter) November listing for Lithium drill results :

https://twitter.com/MinerDeck/status/1597969279202529280

If “near view” means remaining weeks of the current final quarter 2022, then I would tend to agree. However, if looking a little further ahead into 2023 as investors rather than traders should be doing, then there seems to be plenty of positive news potential coming here, namely:

- 2022 production results likely to exceed the revised guidance.
- 2023 production guidance likely to be stated higher than achieved for 2022.
- Coringa progress (mine development, Palito usage, plant permit, path forward optimisation).
- Exploration JV for Copper/Gold assets (Matilda etc).

If gold price can also head north in coming months then interest in the sector should quickly return and accelerate an SP re-rate here as and when 2023 positive news lands. Anyone coming on board at current market cap is IMO getting themselves an excellent risk / reward investment.

At 2 minutes……..”looks like a Christmas tree when it lights up” Lovely!

Today the MMs recorded 14 trades with a total volume of around 2 million shares over on the under the radar Aquis exchange. That’s significant being it’s not far off the 3.4 million shares showing up here. Seems they want to keep the true trading / volume levels from being easily visible to the market. Interesting……

The latest MKS organisation set-up rolled out a few months ago has Stuart designated as the CEO (not co-CEO) so he appears to be in the overall executive leadership position. Having someone designated as co-CEO in their set-up is unorthodox. Maybe it is pre-empting a near future split into two separate listed businesses where each will require a CEO (traditional shops retail and online retail)???

Anyway back to LOOP, I shall watch how things pan out with their Mgt set-up etc into 2023.

Getting on with a month’s worth of field exploration works at Pitfield before the year end holiday period is really good news. Shaun and his exploration team are being smart here.

If they can find some juicy looking grab samples etc in this upcoming period then firstly that could lead to them making a positive release of visuals news to the market before year end in advance of lab analysis news in Q1 2023. This to me looks to be an excellent strategy by them that should support for maintaining a strong SP and volume in the coming weeks/months.

Btw….my new game…..predicting the number of times EEE uses the word “Giant” in their Pitfield related news releases……i count 4 in today RNS. Lovely!

Nope not convinced…..there’s plenty of Companies around with more than one founder but that doesn’t lead to them having multiple CEO’s……simple ABC of Company Mgt set-up is that there needs to be single point of ultimate executive management leadership……Chill brands (ticker: CHLL) is the other similar set-up Company that comes to mind that until recently had co-CEO’s and that did not end well.

Not so sure about being recession proof…..Zoom results seem to highlight sector headwinds.

https://www.thestreet.com/markets/zoom-stocks-slumps-as-muted-sales-outlook-clouds-q3-earnings-beat

A Company having co-CEO’s which inherently leads to lack of ultimate accountability / responsibility for performance should tell you all you need to know here.

Just done a bit of historical checking and if you compare with 2021 final results, the cash position at 30th June 2021 was 2.6 million, which by coincidence matches pretty much exactly with their cash position as at today. They then went on to do a placing just a few months later in Sept 2021. So if history were to repeat itself then the next placing could be coming very soon…..

Based on current 0.4 mIllion/month burn rate if you are a pessimist regarding 2023 sales then they will likely be on cash fumes by 2nd quarter (that’s just around corner once Christmas/NY holiday is out of the way) and then arranging financing. If you are an optimist regarding 2023 sales then they could drag out their cash position sufficiently to defer financing until 2nd half 2023.

However, it’s noteworthy that Companies who have funding issues coming up within the next calendar year are becoming acutely aware of the rapidly deteriorating overall market conditions as world enters recession and are generally looking to secure survival funds sooner (while they still can) rather than risk waiting until later (when they may not be able to obtain).

@manlord……appreciate you posting the recent Crux investor interview, as that had escaped my radar.

It’s really good to see Shaun being interviewed by Matt who is well known for giving a good grilling. Most junior explorer bosses would run a mile from this type of interview and like to just stick with the simple soft 5 minute PR news jobs done with the likes of Proactive etc.

I think Shaun comes across very well here. He seems to talk straight with knowledge and no BS. Strangely enough he reminds me quite a lot of his namesake who is the boss of another rather well known Australian based gold/copper explorer (not so junior these days) that trades on AIM.

I think we are in safe and well aligned with shareholders hands.

Gaussin looks to be an interesting Company with significant growth potential. Corporate video available on their website.

Wonder if RGO are using the funds recently returned by Deepverge towards making their timely investment here.

https://www.gaussin.com/