Member Info for AG1989

Love the vision Suggins and don't think you'll be far off the mark at all

Not sure whats happening but yeah i agree, Merry XMAS and happy returns for you both and close ones. Switching off now for 4-5 days myself

ATB

No problem and I appreciate the kind words. But for me, this is what these boards are all about. I began my investment career March 2020, without knowing The first thing about Gold mining. I don’t have a technical or geological background. It’s just aspects I’ve picked up along the journey. Try to identify what the company are looking for, and what the market are looking for and base my investments on that. Ask questions, any queries bugging you, ask ask and ask. Read the RNS reports and fully take them in

In terms of GCAT, it’s like no investment I’ve ever been involved with. A number of PI’s have commented on this. Companies, Gold exploration companies with a similar market cap to Caracal, don’t even have fully defined Gold deposits, never mind a fully operating Gold mine. We could soon have group resources of over 2Moz which is set to grow quite considerably. They’re looking at a second Gold mine in Tanzania in the coming years, and the expansion won’t stop there. It genuinely is very exciting and I’m happy to share that journey with other shareholders. We can all benefit from each other’s knowledge and experiences, and IN general, it’s a very pleasing board to be on

Without any further RNS reports, I probably won’t be on here tomorrow so wishing all of you and close ones a merry Xmas and a enjoyable new year. Let’s hope 2022 is the year for the CAT

Appreciate the kind words guys - and likewise. It has been a learning curve and, i think as an investor I'm not afraid to stick my hand up and say "Yes I've made some mistakes", it's making those mistakes has helped me pick out companies like GCAT & CORA. Companies that when all has been said and done, regardless of share price movement, you can hang your hat on and say that they've made tremendous strides in growing their assets and building up support for the company moving forward.

I've learnt to say my peace and both of you are very similar. I've got no time for following the board narrative of "This stock is the greatest stock and it will be life changing". It's why i left the GCAT TG group and started my own twitter message group. They only wanted "FACTS" and no twitter posts, and you had to follow the "narrative" of supporting GCAT and its the best etc etc etc. My posts kept getting deleted so i left. These type of services should be a platform for all views in that particular company. I can see good in a company, but can see areas of improvement. It's just about GROWTH for me and ignoring the current Market valuation. If those companies are providing opportunities to grow the business and expand, i believe long term, this will benefit my portfolio, regardless of the external factors

It's been a shocker of a year. Learnt to keep my head cool, reassess as i go and focus on companies delivering on their goals, and producing the grades needed to build up these deposits and take them to a mine. The BOD have a great influence too. I remember Cora doing a £3m raise back in the summer, and in the space of 6 months, had grown a 265,000 oz, to 800,000. A 200% increase, what a way to deliver with shareholders money. It's one of the first times I've looked back and not even questioned such a raise, when you know the money is in good hands. ECR buying those 3 properties, an astute move at the time and not the worst way to spend shareholders money. But just get drilling, not 1,500m campaigns. Drill until you find your sweet spots

Likewise with GCAT, the BOD are on the ground expanding that business and in the space of 4 months there has been vast movement. I'm sure you two see similar aspects with other companies which should really help moving into 2022

I could be very wrong, but I'm still expecting total-total costs to be around the $1500-1600 mark. I believe the company for a long time will be spending money, and recirculating it back into the plant in order to push us up to that 1,000 oz mark. Then:

1200
1500
2000

and so on, and that will come with an added cost. Like i say, just my opinion but this is what I'm expecting and this wouldn't be an issue to me at all. Maybe a little less with additional savings by switching to Grid Power of roughly $100/oz

What I'm looking closely for, are the production figures for the 3 months in Q4, to show that the company are going in the right direction. What a 3-4 months this has been but a brilliant investment and position to be in moving forward for the future.

Haha Welcome back mate, last i heard, you was moving house a long time ago, amazing.

But yeah, it's very subjective. And in the end you get frustrated trying to reason or get your point across but some investors will never admit defeat, or concede a project isn't going as planned, no matter what evidence you put infront of them. For me, Creswick could be a game changer for ECR, but there are a lot of question marks surrounding it right now. 8 outstanding holes, some of them were drilled over 6 months ago, there has to be a point where the company are withholding market sensitive information, unless they have signed a NDA, for a partner to potentially farm/buy into the project. I have no regrets in selling and genuiely wish all shareholders the best of luck, with the knowledge the right news could land at any given time to boost it back up.

I'l never preach that my investment logic is correct, and is one others should follow. I just know how content I am with my current choices. Even when the share price is declining or trading sideways, I'm comfortable and encouraged by the ongoing progress being made by the company, providing strong support moving forward. CORA + GCAT, I'm expecting to rerate in 2022, both for differing reasons but have both performed swimmingly. The phase 3 results at Bibemi at ORR could stick them into a similiar category

Companies like ECR/WSBN/EEE all have that "potential", but have yet to show a flagship project, full of value and growth that the company could buy into. WSBN especially, but all eyes will be on Red Setter, especially with it being in a tier 1 location. Deliver the results, and that will fly but until they can demonstrate these, it remains a traders paradise, currently enduring a further sell offs waiting for news in 8-10 weeks time

I like ORCP - I have around 1.5m shares in my SIPP. Looking to add if it gets back into the 0.0030's. Financially, i should do more research with them. A lot of warrants being exercised, but this has provided a steady cash flow stream for the company. The Green hydrogen project should reveal a lot. Bags full of potential but it currently has many moving parts to consider in ****stan

I'l keep an eye out. I think it's been happening for a while now, even before Craigs sad passing. The low width, low grade results at Bailleston, yesterday was a bit of "Same of the old stuff", that said, the previous bailleston results to yesterdays showed a little more promise

There became a point about 4-5 months ago when the likes of me, LW, HappyHaddock and PaulFG all began questioning the results being reported by the company. Not to start an argument or de-ramp in any way, but to provide a balanced view as to the factors affecting the share price, beyond the decline in sector sentiment. A poster called Trek, i've always had a lot of time for. He trades and invests, but at the end of the day, does his research and i could tell by his comments yesterday, he's also becoming a little frustrated

Without getting too technical. There is a narrative on that board that the only reason the company are reporting narrow veins is because they're drilling across the mineralisaiton, rather than vertical holes. But this is incorrect. The only reason they're getting these narrow widths is because it's a very narrow system, even at depth. This isn't necessarily an issue when you can find high grade pockets, but if your not, you wont produce much

It's very common for companies to drill across mineralisation, to drill through the deposit and try and find parallel structures on the other side, with many I'm invested in drilling across the mineralisation and coming up with much longer intercepts

CORA a sublime example of this

Haha love this. I think it’s good to have a general discussion board to these instances

But ecr yesterday, a couple of very good points made on the ecr Board but as I’m not a shareholder any more I didn’t really want to throw my 2 pence worth in whilst there are many differing opinions flying around.

The one thing i don't like, is when poor results come out and Investors put their Rose tinted specs on and manage to always try and put a positive spin on it, every time. And then they're stunned when the share price trades sideways, or drops

I was like this for a couple of months until i realised how unhealthy it was and what a disadvantage it was to my portfolio moving forward. You always need to reassess your investments as and when they progress and news is released

Morning all

Cheers Mickey. Sharing is caring as they say.

It still all to mean something at the end of the day. No good to spouting high grade numbers off left,right and centre

From a personal perspective, it just gives me endless confidence of the company increasing the current Resource at Nyakafuru, quite comfortably. When you using proven ground, and historic high grade assays to target your growth campaign, it gives you a clear pathway to build up these deposits

I’ve found 2-3 existing targets outside of the current 4 deposits which will all add significant ounces to the project, there are likely to be many more.

More historical data from the MKWENI prospect, just west of kanegele where the existing deposits lie

https://wldata.weblink.com.au/pdf/RSG/00341513.txt

* NYAKAFURU JV - MKWENI:
High-grade rock chip samples obtained at the newly named Grange
Prospect. Best results included 690.94g/t Au, 447.93g/t Au and
153.03g/t Au within sheared sediments.

Yeah and that’s a big risk for me

I’ve shifted a lot of focus over to Africa, and there is a political risk and mining jurisdiction question some try and point out. But like I’ve said before, the biggest risk for me as an investor at this stage is the company pumping millions into a project that just isn’t paying out as you want. If you can find these projects that are delivering the Gold, and you trust the management to drive them in the right direction, there should be growth ahead. ORR is a great example for me right now, without getting carried away with Bibemi, there are early encouraging signs

O/T

LW - like we discussed recently, those Bailleston results for me are why there is intensified pressure on Creswick producing the goods. Nothing encouraging for me from that announcement (IMO), and I know I don’t hold anymore but you’d like to think some high grade hits from Creswick are inbound to get it moving.

They're confident of growing Kilimepesa to 2Moz
If Nyakafuru Reefs is accepted, that's 1.4Moz in Tanzania with a very clear route to grow this to 2Moz+

12-18 months, I'm more than sure that Caracal will have Group Resources of 4Moz+. That's a staggering figure for any junior Gold operating company

Plenty of news in Q1 with operational updates and improvements, assays and work beginning in Tanzania

Yeah, when hearing Naheed talk the technical aspects of Drilling for Gold, and collecting samples, she's extremely knowledgeable so I'm expecting some nice intersections once released, albeit remaining level headed and not getting too carried away. Results which show continuation in high grade Gold at depth and long intersections. Then straight onto Jundee East. Looks like a very attractive price this but I've seen it fluctuate between 0.0030-0.0060 so I'm happy sticking with my current holding for now

Brilliant stuff - A lot of work went into Nyakafuru in 2000 & 2001 with extremely encouraging results. I think focus was shifted elsewhere afterwards heading into our first drilling campaign at Nyakafuru in the knowledge your drilling this kind of ground is very reassuring. Well done to the company for snapping this up for $7 an oz

Same as you Burleigh. Sounds very encouraging, especially with Naheeds tweet

"Never wanted the new year to start sooner. NZ results expected to be good! JE will have rigs on ground very early on in 2022. Counting on value for all of us in 2022!
@OraclePowerPlc"

Expected to be good

A lot of news coming mickey, this board will carry on delivering

https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=text&issuerId=3406&announcementId=705744&documentDate=2000-10-31&documentNumber=187106

SPINIFEX GOLD LIMITED 2000-10-31 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
HIGHLIGHTS

NYAKAFURU

* Resource upgrade of 45% from March 2000 resource statement to
730,000 ounces @ 6.32 g/t Au uncut.

* 52 Reverse Circulation holes (including 1 diamond pre-collar) for
6,323 metres were, completed. A list of results from NPRC 265 - 316
is detailed in Table 1.

* 7 Diamond holes for 1,263 metres were completed. A list of results
from NPD038 - NPDO42, NPRCD253, NPRCD264 and NPRCD307 is detailed
in Table 2.

BETTER RESULTS WERE:

NPRC273 13.Om @ 49.38 g/t Au from 177-190m
NPDO38 3.Om @ 14.26 g/t Au from 84-87m
NPRCD253 1.9m @ 15.44 g/t Au from 353.5-355.4m
NPRCD253 2.8m @ 15.29 g/t Au from 538.2-541m

---------------------------------------------------------------------------------------------------

13m@49g/t is world class

Important to remember the ongoing sampling at Kilimepesa, it's been none stop which will really help the company identify and zone in better to high grade mineralisation