Member Info for Agray

As per Louis' interview can we also add that they are investigating tolling or building a floatation mine for pepas. Different methods and different costs that investors should consider if management have stated they are considering it.

Hi Rob, I was interest in what you thought about Louis saying they were looking at whether to toll process or use a flotation plant. Clearly different capital costs between those two.

Max, I just gave you who forecast these numbers. Are you wanting links to the notes as well?

Wryape, Turner Pope originally forecast 238k, then upgraded this on Feb 3rd to 331k, which was widely quoted on here. Red cloud had a forecast 386k oz. No one forecast the improved grade. My interpretation is that the price was moving up towards the release of the MRE based on these expectations.

Not tosh. Just what was forecasted and out in the public domain. I can't forecast what oz should be expected, and I doubt anyone on these boards can so these notes will be used for people's assumptions.

Not sure why we can't keep this as an open, polite discussion where positives and negatives can be identified, appraised and used by everyone to help predict price behaviour and therefore identify strong entry or exit points.

Wraype, the MRE was assumed at 330k, with greater figures being spouted up to over 400k from what i was reading. The market works on what is expected. People bought in advance, expecting these results, so the price rose from 22 to 40. The rise was due to gold going up, and people positioning BEFORE the MRE. The news disappointed. 150k fewer ounces is a huge disappointment in the resource. The grade, however, was better, but the market had priced in better. We dropped.

APTA is an interesting one now that gold is so much higher. However, a mine needs to be built, so what are the costings of that? I'm not interested in how much gold Orosur finds. I'm interested in how much they find that is economically viable to mine. Gold prices surge and dip. What happens when Ukriane war ends, Trump is out of power, and Putin dies? Does the market still value gold as highly? Remember, spot price is only relevant if you are selling your gold now. Finance companies are looking at what gold price may be in 2030 when some of our resources may actually be ready to produce.

I've not been on the board that long, but so far all I've encountered is constant pumping with few facts to back it up and then bashing of anyone who suggests that missing estimates might cause the price to drop. We took a haircut on the MRE of roughly 1/3 in terms of gold. SO why wouldn't the share price drop at least by that amount? Management then tweets that they need a bit more time for any other results to be released, which simply plays into traders' hands. Its not rocket science. Mining companies need to raise funds. Mining companies have to lie about when they need to raise or else they get absolutely screwed by the banks.

It's beneficial to listen to those who preach caution. Caution isnt the same as deramping. There are clearly some derampers on here. NOt sure how you can call Seingred one. All he has said is take some off the table when you can and if you want buy retraces.

the name of the game for mining ceos is educated bull****ting. if you're not producing them financing is always needed. you have to big up your resources and downplay costs right up until the fundraises that will be regular in nature. otherwise you are raising off a depressed share price. private investors will always be played. i'm sure most on here have heard a ceo say no funding required and within a week a discounted placing has been announced!

brad's visit to canada to drum up canadian interest is a prime example. why is it necessary? to keep the price higher.

take ceo timeframes and resource estimates with a large pinch of salt. investors are only sources of funding to them. nothing more.

Only shorters could have profited today. No bounce at all other than 28-30 briefly this morning. Stop the pumping and you wouldn't have to put up with these drops

I noticed baron isn't arguing that this fall is too much. He agrees the LOM has reduced significantly. The price rose to high 30s on expectation of MRE showing 330k and we came in considerably short. It doesn't change Tue potential if the big prospects come in but they are punts still. Lesson for everyone not to let hype drive share price but wait for substance. I'm happy with current valuation where we are.

This was explained in the presentation. Directors getting core samples daily in the middle of a drill campaign simply can't buy in the market. It's insider trading. They have share options coming up though which will give them a decent holding.

Realistic expectations have possibly returned. This is t a quick bucks company anymore. It was an unbelievable find over the last 12 months but ordinarily mining takes a lot longer than people want. They re still going to drill out more now this MRE is out but that won't be in next couple of weeks!

Get this mine built and producing in two years and then finding the drill campaigns is covered. Then the potential money is there.

It's why some of us get annoyed with the constant ramping. 350k Oz to 400k were being thrown around on this board driving the price beyond realistic levels. Newbies will have been encouraged to buy and will no doubt be feeling the pinch at entry points that were much too high. Hopefully posters can be a little more balanced going forward.

The mre was perfectly fine. Just not an outperformance 40p MRE

TJ, I think everyone on here would appreciate it if you kept your sound logic and common sense off these boards. Ramping only with a side order of batsh*t conspiracy theories that would often be illegal!

I think you've got your 20km estimate from the Investigate note last year .

" These data support the rift-related low-sulphidation epithermal model, with identification of a 25km long rift structure with pervasive silicification, quartz veining and geochemical anomalism over a huge area."

The mre results have virtually been confirmed this morning so I expect that it is now in the price. New drill results I reckon will be what's it next. OMI confirmed this morning that the MRE is unlikely to surprise

What on earth was that photo all about on the orosur tweet about London digs. I think I'd prefer just quality updates rather than attempting to be funny. I hope it was a joke

Some chunky buys declared after hours

Some chunky buys declared after hours

I should say I don't think the company is full of hype. Simply the constant chat on here. We all think the results will be good but people are therefore buying in advance of it so up we go. Let's not read too much into rises of falls until we see these results. Otherwise you just get the sell on Jews brigade and another 1000 messages not understanding why we might fall when results were decent!

The fighting on this board seems strange. We've got a rise based off no news. Hype is building and people are buying in advance of the release on Tue assumption it will he good news. Personally I'd be happy for no rise pre news and then we can trade accordingly upon release. Any board with this much chat on it has a lot of froth built into the price

Is a sale in Nvidia relevant here? He hasn't sold any ftc. He's also reinvested the money in Microsoft. Pleased you've made and banked a profit. Let's not start deramping to get in lower. Made you arguments with relevant facts. Massive rise and overbought position is a perfectly reasonable argument.