Member Info for AmatraB

Spiceygoat, did you not average down? I bought in at just over 0.5, but have now got my average down to 0.09. I do have a lot of shares now though, which is turning into a rather good thing by the looks of it

Very possible in my opinion Sharemans. I'm hoping for 1p by end of year and 1.5p by mid 27. That takes into account the Thar sale as well though.

That's a good point Zesty. I remember an old RNS where Riversgold spoke about that. The idea being that it would allow for vehicle access, so that infrastructure can be added easily as things progress. Makes it easier for extra facilities to be added in the long term, as and when required.

The drills which have been bringing in the great results are those ones on our tenement

Unfortunately it shows on the plans that those tenements are owned 100% by Riversgold. They are speculative though. There have been no digs there as far as I can see. They aren't anything to do with our current mining plan

It will be interesting to see what the new value of the mine (gold in the ground), is once they get all the preliminary drills out of the way. That will give us a good idea of the company value, not including all the other projects. The last few sets of results are good, plus gold being at a high price, bodes well.

We get our share after profits, so that's another variable. Even so, I put all the info I could get my hands on, into Googles AI and it came up with a possible 10 bags once the mining license is granted, with that raising to a possible 1 to 1.5p at the start of 2027, once we have a better picture of gold in ground, mining costs etc. Definitely 1.5p if we manage to sell Thar.

Could just be general excitement building, seeing as we are getting so close now. A bit from the rns on Tuesday, plus FOMO as prices are unlikely to drop again, so this is probably the last chance to get in at this price.

There is a downloadable version of the document here https://hotcopper.com.au/documentembed?id=sC1D18q3MHQ4ga8wwAQ7OCaSUcl%2Fr9GHNgTXid9B8zqOkfx3wC%2BYvnfj6uzXaUtX

Just been reading it. It's fantastic news! As with all applications of this type, there are boxes to be ticked and objections to be settled, but they have all been covered now (the last of these would have the ones David Lenigas referred to as minor hurdles in his recent interview no doubt).

Rerate should now be on it's way. We are likely to see a whole set of rises in the Stock Price from now on in. Going on for around 18 months I reckon, with some huge ones around the actual license finalisation, the MRE, the first Dig, and of course the Thar sale. Then we've still got Copper, Solar and the Hydrogen projects. Massive profits for all. Onwards and Upwards!

Amazed that anyone could even think of selling this close to the mining license. The day that hits, we will likely see a massive surge in the sp. Wouldn't be surprised to see it 5x over a 3 to 6 month period, then keep going. Will always be short sighted profit takers though

Someone is buying and then immediately selling lower. Trying to cause a drop in the sp?

11:08:51 Price: 0.0615 11,125,487 Buy* 11:17:05 Price: 0.0561 11,125,487 Sell*

11:46:00 Price: 0.057 5,311,754 Buy* 11:46:56 Price: 0.0537 5,311,754 Sell*

Really good to hear so much positivity https://x.com/KapitaListAU/status/2018097031449821209

Those are some excellent results, continuing to fill in the central part

According to Chat gtp they now use 0.3 to 0.5g. Be interesting to see how much more Gold that puts in the MRE

That's an excellent point Steve58. The higher gold proce means the MRE can now include a lot that would have been missed at previous levels.

I would imagine that they have been doing some of the background work on the MRE whilst waiting for the License approval. Hopefully that means we should receive it shortly after and they can get started on the dig.

I've been in this for 5 years and am not selling any before 5 pence. Even then, I'll only sell about 20%. I always felt this would be 3 to 5 years minimum. We are now going to see some regular and major rises in the mcap and sp for the next 12 months or so IMHO, with 1p being broken before the end of the year. Everything is starting to line up well and I wouldn't be surprised if they start introducing new projects before the end of the year. Onwards and upwards!!!

0.0675 now on IG. Hopefully keep rising in to the close

I have to admit that I'm really surprised we aren't above 0.07 today. We are so close to this taking off. It could happen so quickly and many will miss out, only to and up having to buy in much higher. Makes you wonder how any of them makes any money.

If we do sell That, I' sure that we will retain a small percentage. Naheed said ages ago that the companies line is to find, develop then sell on all projects/ventures, retaining a small percentage of each one for ongoing income. That's the point at which there will be dividends. The information is spread out over a few of the Q&A sessions, but that is the gist of it. We are a development company.

It was good to see Gold break through the spot price of $4700 this morning. Has been rising consistenly all morning. Now at $4733. Every increase is more money in our pockets once the dig starts!