Member Info for AG1989

Haha doesn’t feel that way :D

Got in initially at 3.47 then topped up over 4. Now topped up 2.8, it feels incredibly undervalued BH but it hasn’t half took a beating lately

That’s the great thing about opinions TS, they vary. I’m more surprised than anything that the results haven’t been released yet but my first thought aren’t that they’re bad. They can spend time interpreting the results, they could be waiting on assays from hole 2 to compliment the results.

I’m in a number of mining shares so this kind of action doesn’t phase me

Punter, I’m not sure what your motive is for this board. Never have anything constructive to say and you spend your time dissecting post after post without ever really adding much substance apart from having a go

Imply it how you want, you invest at 4p, your investment is down 33% to date. I don’t care what your situation is, how much skin you have in the game, it’s not a nice situation

But if you happen to take in the rest of my post, it’s why I alluded to the hindsight comment. I understand why investors are feeling frustrated(but I’m not one of those investors). News can land at any time and throw this to 5/6/7p so purchasing this at 4p from a personal stand point is fine. I’ve always been long on this and like I’ve stated again numerous times, I will average down because I have conviction and confidence in my research here.

A lot got stung at 4p. These additional licenses and Creswick JV could land and could have landed at any time. When it was trading at 4p and we received this RNS, it would have blown past 4p and kept going

Hindsight is a wonderful thing. And although it’s a strategy I adopt myself too, stay clear from hot shares which have jumped 20-30%, shares which have increased favourably can still release further good news.

Investors need to get comfortable with the fact we’re regularly going to have trading sessions like this.

Is it nice seeing your investment drop ? NO

But that’s investing, il keep repeating it, it’s not free money. It’s a long wait from news to news and maybe CB primed the market a little prematurely. And we now know that just because they have assays, doesn’t mean they have to release them the same week

I have funds to top up but I’m waiting to see if it drops any more, no news this week I think we’ll see 2.5p-2.6p. And from a personal stand point, I’m content with that.

Put your money elsewhere within the AIm and you’ll have a similar experience. The sp has risen substantial amounts since last summer, the waiting continues for further news to take us north.

The current market cap equates roughly to the same price as 6,000 oz of gold. That’s without resisting AISC.

Our 75% acquisition in this has tremendous upside

It really is. Some chunky sells this morning.

Yeah, it’s kind of like, the next process how would be move forward ?

If, we recieve £4m from the sale of other assets, that’s a sizeable amount for a junior exploration company. I’d like to think there’s more than 100,000 oz in the ground but right now it’s guess work. With the extension drilling and still open at depth, it could get really interesting.

Can you update me any further on the toll milling process ? Is this just a test to see the recovery rate of the core ? And an actual process and revenue path we can use further down the line ?

All that aside, it’s majorly exciting. There’s no value already factored into this. It’s way more than £9 million market cap.

Mike said in the interview how under rated some of these grades were and anything over 1g/t can be very profitable.

Is a JV a possibility here or is the process too far gone ? Most of the drilling has been completed for the JORC estimate but the costs for the open pit mine and other expenditures, could set empire back a bit. If the sp was double digits, a fund raising would look quite appealing. But sat on 3p, I’m not sure how much capital you could raise going to market unless you offer 500,000 million shares + which is an extraordinary dilution

Excuse the double post :)

I’ve not stopped topping up

Are we still awaiting assays BH?

The interview with Mike was on the 23rd FEB so hopefully we will get the JORC estimate very soon.

Can’t see action for some time. Hopefully we’ll hear more news on the IAMGOLD JV agreement and how they intend to push forward.

No results due now from Senala and only 4 holes drilled in Bibemi. 4-6 weeks for results there I’m expecting. It’s sit on hands type of month or use the drop as an opportunity to top up

Topped up a lot here recently.

Interested to see when the JORC estimate and surrounding pit optimisation plans are revealed. A couple of short weeks from the 23rd feb so not too long
Then there’s the CEO announcement and hopefully the confirmation of sales from the Georgian assets.

Are we awaiting any more assays or have we received them all ?

This board is brilliant. Never seen that many investors in the space of 35 minutes saying “10% down on the day “ “red day” “no orders “

To

“£2 incoming” “been nice to know you £1”

Talk about absolute meltdown

They’ve just released the RNS over on the ODX Twitter.

For its market cap and potential contracts incoming, why the doom and gloom here ?

His RNS skills may not be up to scratch and I’ve only been invested a couple of weeks here, but reading between the lines, the potential here is mind blowing.

Vast amounts of AIM listed companies, they have revenue streams 10/20/30% of total market cap. Here is a contract with an “estimated” potential of £374 million. Market cap £190 million ?

I agree with RegulatorUK here, some absolute crazy numbers being thrown around this BB and Twitter. For a market cap of £179million and a contract with the “potential” to be over £300million, that’s a very good start. Not an overnight and try and think what’s to come, rather than focus your entire investment and anger on Colins lack of RNS skills.

That’s interesting about the liceneses at Creswick, December 2018?

28 months, wonder what’s taking so long. Imo, this is what’s holding up the JV agreement. Once Creswick is extended and the exposure to the DMs increases, then the JV partner will sign the contract.

Would like to hear a little more on CB about these licenses but he’s not been able to say much, if anything about Creswick since I began investing.

£3-£4 million has been knocked off the market cap the last couple of weeks/last month with investors lacking patience waiting for news, or convincing themselves the results are going to be bad. And if they’re not great results, this will drop more.

Just shows the understanding of some investors, the wanting everything here and now investors. If you sell on these results, before any JV announcements come out, that’s bad investing (IMO).

Win win for me. Either top up if it drops a bit or just sit and hold like the plan was to do all along.
There will be hole after hole after hole, and I want Cb to regularly update us without this panic from investors.

Keep
The
Faith :D

lochranzalad - CB has received the assays back from the lab as per the last interview. Whether he’s waiting for more assays to return to release them or it just takes time, it’s just guess work.

I think Craig has over 4 million shares, I'm sure he has enough confidence in the company to take his holding up over £1 million one day. (25p+)