Member Info for Allthatglitters

Well, looks like the same person who sold 90k on Friday just bought back -7k shares. Great trading.

Having moaned consistently for months about the company not keeping PI's in the loop, let's assume they felt the £500 was worth it to reach more people via RNS.

Bit surprised no confirmation from any of the co’s involved?

Don’t all get too excited by it

I've no doubt that Assore and Sumi will continue to fund the company, but very much on their own terms: here's £10 million and this is how we want it spent... If, for example, they have limited interest in Chad, they could agree to foot part of the bill for the overall package on the basis that lithium is prioritised (as it has been). A gold major may happily stump up a portion of the funding for ensure Chad is progressed with the same speed.
If, as Vince recently suggested, 60% of the next funding package has already been assured with current backers, that leaves 40% to find. I think this explains all of the trade conferences and trips to Asia/Oz. How many funds in Singapore/gold majors in Australia?

This is all completely hypothetical of course. No-one here knows what the result of the latest strategy session was.

If the projects can advance at double speed thanks to a major, thus reaching whatever valuation DGR are after, that much quicker, maybe it’s worth dropping 10%? If they don’t get a major onboard, they’ll have to come up with the readies required or convince current backers to fund a drill for an asset they may not care about. Don’t know whether DGR are cash rich at this point but will assume that until SOLG is bought out in 2020 or so, they won’t be stumping up 24% of £20 Million for drilling. I know, from previous research, that Tribeca stated their investment in DGR was for exposure to Cascabel and Chad. So, they’re an obvious fund to buy into IRR big time early next year (whether directly or by providing cash to DGR to maintain their percentage) Interesting to think about. This discussion makes me more confident on things.

Anyone who posts consistently bearish on here either: Bought at the wrong price Has no friends to talk to Has a reason to talk it down Doesn’t look like Ricfle has ever owned here and isn’t posting during market hours so i’ll hazard a guess it’s door number two. Tinder/grinder are available. Swipe left. swipe right. Whatevs. Best of luck with your search for companionship, Ricfle

I think DGR will be happy to dilute their holding to get another major on board. Their stake in IRR is the highest % they hold in any listed company and their press releases always state that their holdings in listed companies are expected to change over subsequent years. Don’t personally think that Sumi are that bothered about Chad either. Just a feeling from what Vince says. Iron and Lithium for them. So makes sense to get Newcrest (....say...) on board to help fund drilling and obviously provide expertise. It’s all jolly exciting potentially. Just want them to hurry up and get deals agreed for Ewoyaa and Dorothe. We’ve seen from SOLG (twice) what new players on the scene can do to the demand for shares

At least on this board, the incessantly negative are so brazen as to invite ridicule rather than the insidious nature of tedious drivel on other shares leaving you wondering whether someone’s in or out. Right away I know whose opinion is worthy of note and whose can be dismissed outright. Cheers

Nice one Swest.
I wouldn't read too much into my sounding-off.
I think I've a valid point about lack of newsflow in certain areas and the speed at which results are reported...but no doubt I'm a little over-critical with Vince.

We all want the same thing here. Best thing about this board.

For avoidance of doubt: I love the assets and have no concerns with fundamentals. It's more the way the company (don't) communicate with investors that I take issue with.

Hope you're well and hope we get news soon.

£4.9 Million is easily enough to cover the planned programs.
Dorothe drilling will require large funding in H1 2019. Of which, Vince stated recently, 60% is already assured.

Cote D'Ivoire results were due H1 Boz. Still nothing from Bimouan or Adzope.
The link for that was RNS plus the https://www.youtube.com/watch?v=wsejGOks2h4 video from May, not the IG one.

You're welcome to disagree with all I've said but I measure 2018 on progress and share price performance: Neither of which has been as good as I expected. Toro and I were also hoping for an asset sale this year. So that's a bit disappointing it hasn't happened. But the budgetary control on costs has in a real way made up for that to some degree.

The positives you list are a good reason as to why we're all still here.

I bought loads of other stocks in July 2016. Some have done 400% since. Some are way down. Some went under. But this is the one that felt lowest risk and highest potential reward. I've not given up on that yet.

And for the record, I wouldn't touch GWMO with yours!

Not in one go, Rodster. 9 separate trades but high degree of confidence is same individual/entity.
Probably Gaelic derisking.
Good buying, though. Would have been off to the races perhaps without the consistent delayed trades.

Someone sold 11.6Mil today (same MO with all trades) at prices between .72-.75 and yet we finished up 3% with a rock solid bottom at .70. I like it.
Miton, perhaps. Or Gaelic. Soon as whomever finishes, it's off to 1p with this by the looks of things.

Many millions in the bank. £4.9 Mil as per end of June.
Second question is a god one. I would imagine everyone would love to see a major AND big investment fund take a piece of Dorothe funding next year?

Bozi:

https://www.youtube.com/watch?v=4xxqTOSFOgE

"Maybe, hopefully, if all goes to plan, we can start drilling before the end of 2018"

Followed by:

https://www.youtube.com/watch?v=YkTdF63LoG4

'Gold Project Drilling: Commencement Expected Nov/December'

And then:
https://www.youtube.com/watch?v=wsejGOks2h4

"Dorothe is drill-ready, but..."

So, perhaps the buck stops with DGR for getting expectations a bit high with Dorothe drilling. Close enough, though.

I touched on Ivory Coast earlier, but here's more:
https://www.youtube.com/watch?v=wsejGOks2h4

Vince, in May, talking about the Aeromag happening in weeks/a month (yet to happen due to inclement weather)
Also, suggesting we'd be getting continued newsflow from IC "not just Gold, but Lithium too"

With regards to my suggestion that the Ewoyaa jorc estimate was due to be in 2018. Well, I can't find anything that verifies that assertion so, even though I'm sure I read it somewhere, I'll happily retract that moan. My bad.

Waaaaaaay below placing, Mr Mike. Anyway, I’ve had my rant for the month. You still planning to join us on Twitter in Nov?

I originally chose the point I bought in at, 17.5p, to compare with '3p rise in SP compared to 27 months ago.' Not the highest point. But you weren't happy with that either.
What price should I use with which to measure share performance?

I was delighted with the share price in April 2017. We all were, I'm sure. But it's 60% lower now and no-one's happy with it.
Fact remains that, after a stunning rise from 2-48p, the SP performance has been trash for 18 months.
Not sure why you consider that propaganda, Bozi.

*sigh*
It'll take forever to find all of those quotes.
I suspect both were from interviews: Dorothe was definitely slated for late 2018 in the April interview.
Ewoyaa: I read six months for Jorc somewhere. Presentation or RNS. I'll dig it out for you later.
Don't forget that the Ewoyaa drill itself was at least 4 months starting.

IC May 2nd:
Field Exploration Programmes Advancing; Results Expected Q2 2018

Staged follow-up field exploration programmes have been completed over the Kineta North license and Bianouan license with assay results expected during the second quarter 2018.

Well, we had Kineta, but...?