Member Info for 28jaczar01

To highlight the great value here….

Just happened to notice the RNS from ECR this morning. They are exploring by themselves at their Australian asset with their own drilling rig (seems like a good idea until it breaks down and then you wished you were using a Drilling Contractor) and finding some low grade gold over short intervals. They have a billion shares and a market cap of £14 million.

Whilst OMI with what they have, especially in Colombia where the JV gold mining majors partners de-risk them for the costs, geographic location, etc….just seems stupid cheap to me with a current market cap at just £19 million.

You can guess which one of these two stocks that I bought this morning…..

(Apologies to anyone here also invested in ECR)

Important to note that Argo are specifically using the terminology of “nameplate capacity” in the RNS and so the quoted number of 967 PH/s for the S19J Pro machines going to Helios won’t have included for the performance benefit to be gained from using immersion cooling.

I believe that the total EH rate that Argo will be operating by end of this year is going to surprise quite a lot of people to the significant upside.

BBC report….

Irbil attack: Iran launches missiles at northern Iraqi city https://www.bbc.co.uk/news/world-middle-east-60725959

Don’t ask (too much time on my hands), but I was watching this YT video of a guy wandering around Chinatown in Bangkok earlier this week and something interesting happens starting at the 4 minute mark……You get the answer to the ???? at the 5 minute 20 Seconds mark…..And it isn’t what Bangkok is most famous for if you are trying to guess….LOL.

https://www.youtube.com/watch?v=ICEYTYaga0k

Gives you food for thought if this is currently happening widespread across Asia.

Interesting to see how this story just published by zero hedge will play out going forwards…..

https://www.zerohedge.com/markets/us-tees-stop-russian-gold-act-triggering-lbma-and-comex-eject-russian-refiners

Quiet day here while gold price takes a necessary breather….February CPI (inflation) data for USA gets published tomorrow which should be the next news to potentially influence it, over and above the ongoing Ukraine related news.

And here’s Putin’s prompt retaliation…..things are really heating up…

https://www.zerohedge.com/markets/putin-signs-countermeasure-decree-limiting-russian-exports-after-bidens-russian-oil-import

Biden has banned them for USA in a speech just finished and he took opportunity to promote the message for all countries needing to strive for achieving their own energy independency via use of renewables and EV to significantly reduce down the hydrocarbons use asap………This now puts pressure on Europe to announce something likewise soon….Let’s wait & see.

DtheD…..it’s the other search item you get when you plug in EEE. Here is the link.

https://www.lse.co.uk/SharePrice.asp?shareprice=EEE.GB.PL&share=Empire-Metals-Limited

Many stocks have this Aquis secondary listing (not sure why….) and so it’s well worth looking out for this as it’s a common trick that the MMs play to “hide” trades from the stock’s primary listing when they don’t want people to have fully clarity on the true trading bias/volume situation is for a stock.

Cheers

MMs started hiding trades (buys) over on the Aquis exchange today….first time since 2nd March. That’s always a good sign they are struggling to keep hold of the SP…..suspect they now have very little stock available for buyers down at these low 1s price……Just a bit more volume would get things rapidly moving up, but having nice 5 to 10% per day rises is often best way for sustained re-rate to happen. Patience needed.

@TLM…….here’s article about that Nickel related margin call……doesn’t appear to be directly related to the MOU players involved with CRCL as per RNS.

https://www.zerohedge.com/commodities/one-chinas-largest-banks-unable-pay-margin-call-after-todays-monster-nickel-squeeze

Reminder of CRCL recent Nickel asset positive news (published before the price of Nickel exploded)…..signed MOU for nickel offtake (see link).

https://www.lse.co.uk/rns/CRCL/signed-mou-for-nickel-offtake-irtx5wklv3m2l4t.html

I think the Chinese will now be wanting to turn the MOU into a full binding contract agreement asap, as there will likely be other players knocking at CRCL door now trying to muscle their way in.

You could not pick a better grouping of assets than what CRCL has for the new commodity inflation world we have entered and you can still get on board here at sub 2p…..frankly speaking it’s amazing but I don’t think this window of opportunity will last long….hours, days maybe….

DYOR

Agreed DtheD the cash funds from Georgia makes this well differentiated Junior explorer…..The last placing was at 2.5p (no warrants) way back around a year and half ago, the BOD got options a year ago at exercise prices in the 4s/5s price range and around 6 months ago the BOD bought on open market quite good size chunks at around 1.65p. So this stock at its current price owes most people a good run higher and with half decent hits on latest ongoing drill program + rising gold price then it should be the catalyst.

I liked the buying action here today as it seems to be a sign of it slowly turning north (we need this time to avoid the P&D routine from last month) + we might find some frustrated holders of WSBN (poor RNS issued this afternoon) come heading over here during tomorrow.

Yes indeed. Particularly appreciated the excellent cash position information which highlighted that adverse exposure to the big drop in Polymetal SP has been relatively small (it would appear they had previously sold off most of their holding in POLY before its recent big drop in SP due to Ukraine situation). Will sit on my holding and wait for further news in due course.

With what’s currently happening in the Eastern European region (Russia has previous bad form in Georgia) it looks like EEE timed it very well to exit from its GCG asset and take the 3.3 MUSD funds from the sale to focus on their safe jurisdiction Australia assets.

@gotabesirius……..This article supports your item 2.

https://www.capitalfm.co.ke/news/2022/03/russia-ally-kazakhstan-permits-large-pro-ukraine-rally-amid-sanctions-fears/

The Company should provide an Operational update each week going forward to keep the market positively informed of their current situation to try and mitigate for people assuming for the worst based on the bleak mass media news coverage of Ukraine. The SP could quickly go sub £1 without this regular reassurance.

Aspects that should be covered include:-

- Status of operating facilities
- Status of raw materials and products
- Status of the workforce (e.g. are the men being conscripted to fight or remaining at work ?)
- Status of the logistics routes and facilities (rail, port, etc)

Unfortunately Khazakstan stocks are also suffering because of perception they could get sucked into the conflict. For example CAML share price dropped by 6% on Friday despite the copper price was flying……frankly speaking the whole Eastern European region now has to be considered very high risk for investment.

Interesting video that includes outlining new Russian bankruptcy law that Putin could use to seize Russia based assets from foreign Companies for Free.

https://www.youtube.com/watch?v=LsSke1tnvbI

Interesting video that includes outlining new Russian bankruptcy law that Putin could use to seize Russia based assets from foreign Companies for Free.

https://www.youtube.com/watch?v=LsSke1tnvbI