Member Info for aprogerson

Nice post @volmer I believe that Rincon are looking to hold a chunk for the full 2 years as outlined in Rincon's ASX prospectus as to deliver value they will need an MRE for Hasties. If they can establish that an open pit mine is both economic and viable then Rincon's investment will be well worth holding.
Rincon MCap at IPO will be £5.7m with 24km already drilled and fully funded for 2 years. By comparison Wishbone is MCap is now £12m with minimal funding, no drilling of note and at least 120m of barren cover. I'm not dissing WSBN, I'm just saying Rincon easily warrants a £12m valuation and probably £18-£20m on a like-for-like basis which is 2-3 times on minimal newsflow such as soil sample results and reprocessing of historic data ... both underway.

So no one likes a fund raise but if it is at a good rate (it was) and you have somewhere good to put it (they do) then that is a good thing for us.
AIMHO APR

Gold and gold miners have had a very good run this year so a major pullback is to be expected at some point. I remind myself why I bought HUM and still think it is good value the only difference is now it is cheaper too.
HUM are now in dry season, borders open and know they need decent production north of 25koz preferably nearer 30koz and although gold has dropped back the market is not pricing in any exploration growth so lots of upside in the pipeline.

If HUM was an £105m MCap explorer with a short LOM mine in production to fund the exploration we should not be having this conversation ... oh it is ! To put this in perspective HUM is now just 3x the MCap of 2 of my pure-play Explorer stocks that have no revenue or as I see it the market is pricing HUM at the equivalent of £70m for the producing asset!
APR

LOL SP not moving today makes this my best performing share with gold taking a hit

Yeah breaking the $1850 support is not good but with 3x Covid vaccines announced in the last week it was getting very likely. Just don't tell the market about all the debt they can't repay and will need to inflate away.
Still happy being invested here but would be a whole lot happier if I was still in the blue.

Alternatively it could be that AIM investors know the ARCM timeline and rather than leaving their money in ARCM are putting it elsewhere and will return when things start to move with ARCM & AAL transaction whether you subscribe to shortly or imminently

CCZ needs decent drill result newsflow or condemned to range trading for a few more weeks. On the plus side and least it is broadly stable

and 2x price monitoring ext when price has not moved

Looks like the LSE ARCM BB moderators have had a spring clean

LOL @kainos I'm trying my best to stay out of it

@scotty Fair point, but as we were not told this was happening until it did, how would opening a Peterhouse account have helped exactly? I'm with Socialist on this one.
APR

Another poster rightly pointed out that you could pickup shares at near the Placing price on the market but that misses 2 points:
(1) It's still not right
(2) you have to have the cash ready at no notice and be ready to trade in the market and catch the very small window when the shares were available at that price
Anyway its done now.
APRPR

Morning AG .It is about shareholders pre-emption rights being waived by GUN BoD. Under current Covid legislation that ends in 2 weeks to time BoD can raise 20% new shares and for expediency ignore existing shareholders who would normally be asked first in any 'rights issue'. I don't think anyone is really complaining about the terms which are at a tiny discount, but that loyal PIs cannot take part. It's a matter of principle ... I know I was very cross too!
APR

@Alyhels Why don't we play a game and assume that on a daily basis you will repeat a slightly modified version of the same sentence that you seem to do at least twice a week already ... but NOT actually post it, saving yourself the effort and us from having to keep reading it?
APR

@merlin I'm a big fan of GUN but the fundraise terms are ridiculous with Directors also partaking at these terms?

GUN are an InvestCo surely they of all people 'get' this?
APR

I'm guessing 3-4 weeks from drilling to assays so we should have a stream of newsflow as each set of drills complete

I use this BB to find out what is going on with GWMO and share investing views with fellow investors.
The vitriolic outpourings are getting tiresome ... please don't give our resident trolls air by responding to their posts however inflammatory as it just seems to encourage them.

@Alyhels Looks like you might have got your buy-In price after all

Andrew Webley @asjwebley
So after a bit of reflection, keeping in mind I am an investor not a trader, I think #GWMO is much stronger today than it was yesterday. The cash injection will allow much more progress & this will be transformational for #GWMO. The dilution for £1m cash is a fair deal.

Not again ... apologies wrong BB. LSE Site is REALLY playing me up and that's when it's working!

Andrew Webley @asjwebley
So after a bit of reflection, keeping in mind I am an investor not a trader, I think #GWMO is much stronger today than it was yesterday. The cash injection will allow much more progress & this will be transformational for #GWMO. The dilution for £1m cash is a fair deal.