Member Info for 28jaczar01

Welcome T3DP new poster joined LSE today…..i guess onboarded to tag team with Laura, as she really needs help on this one.

Laura,

The RNS statement was silent about Clark’s shareholding status/future intentions. There is clearly a large seller so who else is it ? Please give us your new alternative theory, since it’s not Pentwater.

So the Company replied to you that there are no more unexpired/unexercised 0.25p exercise price warrants sitting on their books ?

Hi Laura,

Please kindly don’t presume I am wrong….it’s a theory which remains very much in play until it is shown to be otherwise.

Meanwhile you had been the chief cheerleader saying Pentwater were fully selling out in recent days and instead they have increased their holding as per today RNS. So your theory has now been shown to be wrong.

Regarding MET1 warrants I was correct, there are lots of unexercised 2p cash warrants still to go….Anyway back to RCFX here and since you mention warrants, did you get any reply yet from the Company about the status for unexercised warrants here ?

My theory as outlined on Friday in this thread that Daniel Clark is the ongoing large seller here has just received some added credence. The TR-1 just issued today shows that Pentwater have been a recent buyer rather than closing out their position as certain posters had been intimating. If it is Clark selling off then he would still have a long long way to go if he wants to be fully out, as his holding at the time of the IPO was up at circa 26%.

The lengthy mining permitting process in Brazil is a quite normal situation. This recent article points towards steps being taken by Congress to improve matters. Hopefully Serabi will benefit and get Coringa positive permit news outcome in the near future.

https://www.bnamericas.com/en/interviews/brazils-lengthy-mining-permitting-process-poses-risk-to-investment

This thread deserves to be back at the top of the board.

Note the 7th Aug delayed buy trade of 455,000 shares showing up at close of play on Friday 8th. Hence the large buyer looks to be still here and he had taken his foot off the pedal for a few days in the past week as the SP was likely starting to run too hot for him towards double figures. His buying slowdown causing small SP pullback has shaken out a few weak sellers in recent days. All good to have some SP consolidation periods and it bodes well to see the continuation of large buying along with the NED appointment news.

This looks to be an excellent appointment on several fronts:

* This is not someone who looks desperate to be taking on this job. He would have done his own due diligence of OPG, it’s leadership, it’s business outlook and strategic plans, the Indian investigation situation, etc before deciding to come on board.

* Based on his experience he looks to be pro the AIM stock market and knows well its workings etc. He should enhance how OPG continues to perform on the AIM market and it counters any perception that AIM de-listing is being actively considered.

* Likely to take on a key support role for PR enhancement of the Company particularly in relation to the AIM market once he gets established.

Bodes well.

Hi Laura, good to see you here, my feedback to your message as follows:

Daniel Clark did not have a board director position (which btw is a somewhat unusual situation for a co-founder with large % ownership) and so in principle he could have been selling down from his holding since the IPO and accelerated ongoing selling since his June “career break” departure, without it likely needing any related notifications (yet) to the market.

There are not many other potential sources for significant selling stock quantity, so it’s a reasonable theory to table here. I accept it’s not a certainty but it’s good to stimulate the bulletin board discussions.

As for warrants….MET1 was regarding their “cash warrants” which was clarified by their recent RNS and the outcome matched my view that there are indeed still lots (circa 40%) of the cash warrants still unexercised. Anyway we are talking about RCFX on here and this Company to my mind also potentially has a lurking warrants story that needs to be fully bottomed out for the informed understanding of the audience. Perhaps as an existing shareholder you can enlighten from your own due diligence about RCFX warrants status or anyone else active on this bulletin board who has the RCFX warrants knowledge…..e.g. how many more left that are unexercised, exercise price(s), expiry date(s), warrant holder(s), etc?

https://irtools.co.uk/44/story/67f4ef2a-10f7-4761-b52b-d36030fe6ee4

Many Thanks

Came to take a look here after seeing it showing up on the LSE fallers board in recent days. Had a quick look at the Company website, RNS, etc.

I am wondering whether the ongoing large selling could be Daniel Clark (co-founder and former COO) offloading from his circa 26% holding ? If you read between the lines for his departure, there could have been a falling out between the two co-founders.

https://irtools.co.uk/44/story/186464ec-7369-4d2b-afd9-a8996e100b13

Not generally a fan of Companies where unproven insiders hold the lion share of the stock. At the recent IPO (priced at 32.5p) the two co-founders (Reeves & Clark) sold a part of their pre-IPO share holdings to gain 1 million pounds cash for themselves.

https://irtools.co.uk/44/story/cee78842-5b33-4c16-8d50-1020ffd85060

Furthermore, there were circa 1.4 million warrants exercised at the same value as the ordinary shares (0.25p) back in March 2025. which should have been a red flag to holders of this stock. I have not been able to establish where these warrants came from and how many more unexercised warrants are lurking.

Good clean outcome. Wonder how much compensation was paid? Guess it will get captured as a cost in 2025 annual results.

.

Could be more to this story than meets the eye based on this video. Situation sounds somewhat complicated to me.

https://www.youtube.com/watch?v=oPeNvlZHOGU&t=924s

There seems to be a growing spat between USA & Switzerland (tariffs etc) which could have far reaching ramifications, including perhaps for gold.

Drilling planned to start at El Pantano, Argentina in around two months time.

So much progress going on with OMI these days.

https://x.com/OrosurM/status/1953320165183242740

Interesting bottom of hole drill traces being shown in the RNS today. These indicate that they are actively drilling beyond the interpreted fault line (IFL) locations, looking for evidence of deeper continuations, feeder zones, etc.

For PEP-047 the Figure 3 states the 22.7m of 0.17 g/t Au, whilst the total length of the drill trace beyond the IFL depth was significant being up at circa 70 metres based on scale measuring. To me it’s very interesting that they carried on drilling for that far beyond the IFL which almost doubled the overall drill length of this hole. This extra work doesn’t come for free and so it really looks like they were actively looking for something new down there 🤔

Whilst for PEP-049 the Figure 4 shows the drill trace beyond the IFL went for circa 20 metres distance based on scale measuring.

Will be watching closely for this bottom of drill traces aspect in their future RNS, as this adds further insights into their drilling plans.

That’s only 4 trading days away. Likely they will issue an operational update ahead of it, which could come at anytime.

Noticed the Ask was raised to 0.7p just prior to the open today but no trades are up showing yet. Could be MMs are filling a significant buy order.

Dibs61……Welcome on board, its drill results true reality here, not just a wish…..😉

Excellent that Brad has now got the titles of their RNS very well sorted for best PR visibility on LSE & TSXV…..no more vanilla style “Colombia Update”

Seems a good appointment. Surprised she isn’t getting her warrants at 0.8p, same as all the others announced a month ago.