Member Info for AG1989

There is every chance both companies could seriously rerate on the right news, and if that happened then best of luck to existing shareholders, no grudges from me

Just looking at the companies producing results right now. A lot hangs on the Red setter results with WSBN and the volatility in the price these past 18 months, although rewarding, it could very easily slide the other way. I do think it will drift back to 7's before news. Drilling suspended until January and assays Feb/Mar time?

ECR - I had huge expectations and hopes for this stock in 2020. The JV that never came and 2021 which flattered to deceive. With the ongoing tenement grants surrounding Creswick and 8 holes yet to report, there could be potentially a JV in the works. Although Creswick once hit 1m@80g/t, the majority of assays have been very low widths of around 1m and low grade, also around 1g/t. Some potential with high grade pockets of up to 23g/t, and i've no reason to believe those wont continue. I do think there will be another placing in 2022. At the placing in April the company roughly had £5.8m in the bank. after paying the numerous fees for the 3 property purchases, the company will have had less than £3m in the bank by the end of September. Then you factor in ongoing cash burn and drilling activities. The last raise was at 2.2p, the current SP is now at 1.19p, depending at what side of the spread your looking at. If the price doesn't shift upwards soon, the company would have to release 300,000,000 shares at a price of 1.1p "lets say", for a raise of £3.3m. In 2020, there were 600m shares, following the next raise there's potential to be double that. Which is fine, and you see this in a lot of companies. But in terms of progress made in that time, it's not enough for me. That's no disgrace to the company, at spells they've been pedal to the floor, none stop drilling but i see better opportunities elsewhere. GCAT CORA ORR GGP etc Companies with a similiar share price decline, but really proving up their resources, and more. Companies adding real growth to their assets, even though the current valuation doesn't suggest so

Like i say, i learnt a lot being invested in ECR especially. The do's, the don'ts and have a lot of respect for a lot of posters on that board. But loyalty doesn't necessarily payout and I've decided the investments elsewhere, are better choices.

I think I'm just trying to pre-empt the rise at some point whenever that may be. My theory could well be wrong but its not the £0.0033 price that attracts me here, but the low £6m MCAP. I think if/when the sector sentiment improves we'll see a generic rise thorugh small caps. But PI's may well be paying £0.0050 for an entry, instead of todays prices. The difference on the face of it doesn't seem too much, but it's a 50% premium to todays price. I'm out of WSBN/ECR/EEE now. I was out of ORR as well but after the RNS, I'm more than happy with the ongoing progress being made, with each set of Bibemi results showing signs of a positive Gold system. I have spare cash now in my SIPP which i'l apply here on any 10%+ Dips

Let's hope for a better 2022 for the sector, plenty of interest, but an equal amount of traders who want in and out, before chasing the Crypto/Covid boom

There is JP but I left. Each to their own but posts kept getting deleted. All kinds of YouTube links and al kinds going on so I tried to discuss people’s thoughts on the Q4 production figures and that was deleted, so I left.

Felt like the conversation could only be driven by their agenda, narrative and “facts”. Not for me. I’m well researched and want a group we’re all opinions can be discussed, good/bad. Ongoing Twitter posts

Each to their own like I say, all here for the same reason

Setting one up soon and if you fancy being in it, just drop me a DM on there

All welcome, all views welcome and discussions. A rich news flow period incoming and lots to digest. I'l still be just as active on here too

I got back in yesterday Burleigh. Really good results yesterday, and followed up immediately with phase 3. I'm under no illusion that phase 3 results are going to get the share price moving but they'll certainly add more meat to the bones, as i like to say.

I'm hoping we can attract real interest at Bibemi from a major to carry out a JV. Financially free the company up to progress central Cameroon. A lot of potential at Oriole, a company that would significantly benefit from a strong 10,000m-15,000m campaign, albeit finances wont allow that right now

Who’s he ?

Yeah definitely mate. And I’m not saying ORR isn’t a speculation stock, but seeing results like today’s, shows me that’s they’re going in the right direction. A swift initial, phase 3 follow up is a massive bonus. With Tim’s geological background, to move on this as fast as they did shows kudos to the project and they’re clearly encouraged by something. No need to show off to the market about it, just get on with it and produce the results

I really hope market sentiment returns for a number of reasons and breeds new volume into these shares. But yeah look for the ones delivering. I’m finally satisfied now investing low and sitting on it, slowly awaiting my returns. As long as the company continues to deliver. Very important you continue to reassess the companies performance

And if they do deliver, the longer it remains “undervalued”, the more options become available

-dividends, for example, not really a factor many investors in the junior exploration space even have on their minds. But if the market cap remains low and the company can put themselves in a promising position to give back to the shareholder, even better

- Takeover target. Major companies, now more so than ever continue to look for advanced projects not yet taken to production. Their share price and performance is not necessary a direct correlation to assays and long, high grade interceptions, but more so production levels and ounces produced

I’ve been in far too many investments, as I imagine you have LW, where it’s fundraise after fundraise after fundraise. And after 12 months you look back and there’s very little left to show off, and no product. Yet there are companies using shareholders money to really deliver a product, and return asset value with each set of results. I think that’s the beauty of this market now, if there ever was one. There are companies smashing goals left, right and Centre. They’re sat on very rich ground, which the market has yet to appreciate. I’m trying to focus in on those and build for the future, rather than wait for the discovery hole which may never arrive. Let’s hope for a better year in 2022 all round

I’m looking for an entry again this week. But sold last week trying to prioritise my portfolio better

but for a £6m market cap, it’s a buy. There’s a similar ongoing spend alone at Senala being carried out by IAMGOLD. These results today, with a 90% interest in the project, prove there seems to be a healthy system there in Cameroon

I’d love to hear more from Tim and the board about timescales and how they will further our interest at Bibemi. Some really nice grades, relatively shallow too, the results from Phase 3 will add more meat the bones. A JV at Bibemi would work for me. A company willing to come in to sink £5-10-15m into the project for a slice of the pie, will help generate share price growth better, than the company releasing another 500m shares to the market. The last raise was only for £2m, the price is now lower, if in 2022 we’re subjected to a similar raise, then dilution becomes a real problem (from a personal perspective)

I never realised how much impact sector sentiment, could really have on a company, but it does. It really does. But by the same token, it can easily work against you. Sentiment will return at some point, but it’s enveloped in a viscous cycle that once it disappears, the arse end falls out of your investment and leaves thousands of investors at a loss having been spiked

Unless

You have something of substance to offer the market. Cora Gold, for example, had a real good run this year on the back of excellent results. It wasn’t market sentiment, it was proof of product. Like a lot of exploration companies on the AIm, the sell offs soon began and with a lack of drilling results and probably little news flow leading into Q1 of next year, it’s back down at April/May prices. That said, with the construction of a mine on the horizon next year, I’m a lot more confident of this returning me strong profits, (good or bad market), than I am of a junior exploration company, “hoping” to hit Gold

Find the difference. Those who have a product, those who are hitting the grades and driving these deposits forward, against those that have nothing. The companies that live in hope that their nearology project will eventually pay out

I believe under Tim’s management, ORR have the former and can really provide something in 2022 for the market to buy into. I tend to leave market sentiment down the priority list when investing and focus on the project. If I can buy back in with an average of £0.0035 moving forward il be more than content. A strong price of gold seems to help too, but I’m more focused on this factor with GCAT, who can take immediate advantage with ongoing Gold pours.

Just my views.

I think we’ll hear a Q4 operational update within the first couple of weeks of 2022. This obviously encompassing

October
November
December

Gold sales in September of 569 ounces. Even more impressive considering the following

“ § Plant availability during September 2021 was reduced as a result of the planned level of increased capital and maintenance work completed on the processing plant during the month. ”

September averaging 492 TPD with the company looking to sustain a level above 700-800tpd, hitting 1,000 oz in December

With relatively improved levels of production, what are investors hoping to see in terms of Ounes produced/sold for the 3 months?

I think anything over 2,000 oz would be a great start and an initial increase from September monthly figures of 569, i feel the company could hit 2,200+ but we wait to see.

Yeah I don’t think you increase your holding by 30% if your expecting poor results and a less than favourable outcome with the green hydrogen project.

Although I’ve already sold here, some great results from today’s RNS

16g/t & 19g/t. Tim using phase 1 to really zone in on the hit zones at Bibemi. Well done. More to come.

Very tempted to get a position here. Not really clued up on the Lithium sector but the progress being made here seem encouraging

Those Gold results caught my eye, they really did, Some nice looking grades from very shallow depths, looks very promising

yajnas - Hey

And it's strange isn't it. The mood started off brilliantly here. If the production hits its target of 1,000 oz a month, that's roughly £1,350,000 per month. £16m annual revenue if they can sustain this but i know they want to increase to 2,000 and beyond. This is why i'm confident in the Share price going on a run. whether it's next month or the back end of next year, who knows, but it will happen. The company continue to make improvements to the mine and as operational updates come out, if they improve with each lower and begin to lower costs, against a strong POG, the market will take notice.

then you can the Tanzanian assets. A lot of hard work ahead but the company could soon have group resources of over 2Moz. That's enormous for a junior Gold/small market cap company. They'll drive Nyakafuru towards production which is equally as important

With the ongoing acquisitions and continued exploration, and increase in productivity, i have no reason to think that this wont be able to match the Market cap of Shanta gold in years to come. £100m MCAP i think is more than achievable but it isn't going to happen overnight. I've set myself a deadline for Q1 2023 to reassess the situation and see how much progress the company make in 2022

Very confident but eager to carry on researching and supporting the company at every turn. I think a lot of investors were waiting to see how the company would fund and finance the recent acquisitions. And although they were on very good terms, the price didn't seem to want to recover, but it should do soon

They really are

I made the point on the telegram group. As soon as you start stripping your at pay, shallow, high grade Gold. But even towards the depth of the deposit, your hitting 3m@59g/t & 19m@16g/t

Will be very cost effective

To me suggins not about caracal saying

“Look at us, come buy our stock”

It’s

“Look at what we have. What we’re doing. We’re proud of it and we’re growing”

Some time soon we’ll not a lot more volume in here, brought by new investment. Albeit I understand not everybody has access to Twitter, but for those who do, you’d be hard pushed to find another share that gives you the insight that the current tweeter feed does.
You want to see the company pouring gold on a weekly/monthly basis, you want to see the drill bit turning you want to see the hill being sampled to death. And soon, we’ll want to see them on the ground in Tanzania showcasing and advancing our interests with the new assets recently acquired.

I fully understand those in discussion on Telegram clearly want the best for the business, as we all do. They want to see it succeed and in no means where they informing gcat to NOT post on Twitter. But I had noticed a drastic difference this past week with the level of activity on there and this somewhat explains it

I trust them to go out and acquire company changing assets in neighbouring counties, I’m going to support them with Twitter. It’s a unique service and platform, free of charge the company can utilise to broadcast Kilimapesa and beyond, let them use it to full affect.

It was a busy Twitter. But GCAT are unashamedly different and want to broadcast that to the market via their social media outlets. When asked to Tone down and consider a softer approach, the easy go to answer could be Radio silence, a basic choice and suggestion taken on board

Give me the Twitter feed from 3 weeks ago, or the one we’ve witnessed over the past 7-10 days, the latter doesn’t stand a chance.

I’ve sent them one myself

Thanks for the update NetBox

Slightly disappointed in that outcome if I’m honest. There’s no disguising the levels they would tweet but the vast majority was informative.

A lot of activity going on behind the scenes that shareholders are not appreciating. Upgrading the crusher mill plus various other plant components shareholders had an insight into. The sampling on the hill, the arrival of the drill rigs. The Gold pours. I only consider it “Rampy” if it’s the same recycled material, with the company not really delivering on their goals. But they have, they really have and it was a breath of fresh air on the AIM and social media to the usual radio silence. Disappointing for me, but I appreciate others feel different

Well done to all holders taking a stance here

About time the BOD gave a lot more back or stepped aside and give the role to somebody driven and has the shareholders best interests at heart. Sold out of WSBN recently, communication is even worse than here. Not acceptable & i believe the company should maintain a regular Obligation to keep shareholders up to date

I'm all for rewarding BOD and granting options, but only once they deserve it and begin to give back to us. I know some holders who are 60% down in just over a year, shocking

Very interesting step back from the companies social Media side since the Acquisitions at the start of last week. They've been nothing but clear and Concise up to date and it's not a necessity, just an obvious observation taken recently.