Member Info for aprogerson

Agreed keep the operational stuff at Yanfolila separate from Dugbe and Kouroussa exploration progress

ASX cleansing Notice for 1.8m new shares from options being exercised raising A$90k or £50.4k cash for the BoD.
No big deal and a bit of cash into the BoDs bank account
ATB APR

@Angoose link please

@Ortus Outstanding post particularly when read with Zak Mir's Multi-baggers post from yesterday featuring ARCM. I'd be very interested to know if SOLG followed the same 'pattern' as Zak outlined on this .... https://www.youtube.com/watch?v=VyYvXH0RfEc

Zak Mir Charting Multi-baggers CCZ from 09:10 https://www.youtube.com/watch?v=VyYvXH0RfEc

... and just in case you never watched it at the 21-Dec-20 IPO Geoff McNamara talks through Rincon's projects https://www.youtube.com/watch?v=pTTzpTQnEks&feature=youtu.be

Interesting watch from 13-Jan-21
Paydirt TV with Rincon Resources https://youtu.be/o-KnsEqZZjk
> Drilling season at Hasties starts Mar-2021
> MRE targeted in 2021

@godwilling I understood that SP of 2.2p was back in 2018/19. GWMO has added 2.8B shares in placings and warrants since Nov-2019.
APR

@madgpol If SP went to 2p then MCap would be:
Current shares =3,071m assuming no warrants & no placings = MCap = £61.4m
Possible shares = 3,582m assuming all warrants exercises giving 1.3m cash to BoD = Mcap £71.64m

Another way of looking at it is current MCap = £8.3m & SP = 0.27p so if SP doubled to 0.54p then:
Current shares =3,071m assuming no warrants & no placings = MCap = £16.6m
Possible shares = 3,582m assuming all warrants exercises giving 1.3m cash to BoD = Mcap £19.3m

In summary a decent rise in SP to say 0.54p allows existing 511m warrants to be exercised delivering another £1.3m cash to BoD for future works whilst giving existing PIs increased value ... a good scenario as warrants already exist so worth clearing them and topping up GWMO bank account for more work!
ATB APR

@TVS Lovely that's the one. I thought I was going quickly mad rather than just heading in that general direction.
ATB APR

@marco remember IF the deal value was £460m as you say for SP of 25p that values everything else at 0p, unless of course the 'deal' you are refering to is for a 100% buyout of everything?

Cash is king for a Junior Explorer with bills to pay and BOD / shareholder aspirations to meet. GWMO currently has no revenue so must manage cash-burn tightly & secure further revenue streams to fund BoD costs & exploration. New BoD & strategy as per RNS 13-Nov-2019 shift to Gold / Silver focus with associated summary from that date:

Placings: GWMO issued 1,980m new shares & raised cash of £2.47m

Warrants: at various strike prices & end dates but still valid
> Issued: 924m warrants for a 'possible' overall £1.98m if exercised
> Exercised: 412.75m warrants converted to 'new' shares & raised cash of £686k
> Outstanding: 511.2m warrants remain for a 'possible' £1.29m if exercised

Total cash raised via Placings & Warrants = £3,156m
Revenue: None until small scale tailing production comes online ... date TBC, but probably Q3/4 by gravity separation
Cash @Bank: £2m+ stated early Dec-20 .... someone point me at the link to podcast please?

My last Warrant & Cash summary was end Oct-20 as not trivial to track through all RNS's for both Placings & Warrants as lots of data and RNSs apply.
AIMHO APR

@Causal It's a tough one & I'm trying not to spread myself too thinly particularly as I already have half my investments in gold /silver explorer/producers already.

Almost surreal week. I keep having to pinch myself and looking at the SP action over the last 3 days has been just astounding from 3.18p to 6.15p and almost no loss today! I'm guessing we may have a few days consolidation but at only £60m MCap I'm not so sure!

@Franco Had a cheeky top-up at 3.85p pushing my average up to 2.9p so very happy. Would like to add more but what to cut?
ATB APR

@F29 You realise that we might be in a minority of 2 as it's not as 'sexy' as a big wedge of cash but unfortunately a JV/partial sale is far more likely as it derisks things for both parties and allows for improved shareholder value albeit over time.

The 'trick' for NvS will be how to construct a deal where he does not lose control of realising the benefit to ARCM hence why I think whatever the approach it will be on a project by project basis rather than selling out 10% for a good price and the other 90% of the licence areas for a rubbish one.
ATB APR

@Franco It's normally accepted that the 'gap' will be 'filled' at some point but I'm not convinced that is always the case. There is currently a strong uptrend from 24-Dec-20 in place and given the sentiment the SP would need to reverse through continuation of this uptrend support @3.5p ... this is possible but seems unlikely given 20-day MA has also broken up through 50-day MA today which is also very bullish.

Best guess, sideways test support down at 3.5p and then reverse quickly & continue up

It's a chart ... I could be wrong, but it just looks unlikely given the context.
ATB APR

With solid Price Action this morning hoping for a close above 6.2p which should then act as support. Whether this will consolidate here or push on is anyone's guess at the moment!
Yesterday @18:02
"I am expecting some consolidation, but given the recent PX, but it is difficult to say whether that will be in the new price channel of 5.6/6.2 or above 6.2p with what is current resistance becoming the new support."
GLA APR

I have more than I can keep up with across 6 key holdings:
> 2x Copper namely ARCM and CCZ ... both going bananas!
> 1x Gold/Copper namely Rincon ... just IPO'd on ASX and not sure which way is up yet ... bananas expected soon!
> 2x Gold/silver namely GWMO and HUM ... one junior explorer and one single asset producer/explorer, both waiting golds next move and/or exploration programme outcomes ... bananas would be very welcome
> 1x InvestCo namely GUN ... various irons in the fire including some gold/silver exposure ... driving me bananas
ATB APR

PX has formed a very neat bullish pennant on 11-Jan-21 between 3.4p and 4.3p with current resolution expected above/below 3.9p tomorrow. We also have a decent uptrend support formed 24-Dec-20 at 1.6p providing support now around 3.5p if the pennant breaks to the downside.

I suspect we will get a break to the downside hitting uptrend support around 3.5p as RSI on the daily chart is mildly overbought, but the MACD is positive and still rising so we may get a strong bounce especially as the 20-day MA is just about to cross the 50-Day MA to the upside which should also be bullish for PX.
AIMHO APR