Member Info for aprogerson

@joy, yeah I know ... will just have to keep looking I guess
APR

Thanks @Loot ... very very interesting to watch Simon Paul present as down-to-earth and very direct about CCZ priorities as mentioned drilling at Mt Oxide as Arya, Arya, Arya oh and the Big One as "So compelling that ... full steam ahead"
Do watch it while I top up.
APR

Kitco also make a VERY strong case for silver which is often forgotten and really should not be after going form $11.3 to $29.9 between March and August this year and back down to US$24.3 today .... and now sat coiled & waiting!

Curiously I wanted good exposure to both Gold and Silver in a Junior explorer highly leveraged to both ...any ideas please?
APR

Personally I cannot stop reading this one from Kitco ... https://www.kitco.com/commentaries/2020-10-13/Gold-miners-it-s-time-to-buy.html

15-Oct-20 16:42:09 0.29 3,500,000 Buy* 0.25 0.26 10.15k
In case you missed it ... 0.29p Paid

Remarkable wedge forming with 39.5 / 41.5p top at long term resistance from Dec-2017 and recent strong uptrend from March-20 when Gold took off. The wedge has about 3-4 weeks to run so market awaiting Q3 results to land so either:
(A) HUM profits drop, black swan event, project progress disappoint and/or Gold uptrend is broken to the downside
(B) HUM project progress good, realised gold price up to average $1,750/$1,800 (my target), partial/full debt paid & profits up

I'm 99% sure we will be looking at Plan B with HUM price categorically breaking to the upside. IF debt paid down in full then HUM risk profile drops and becomes investable for more institutions so expect price to move accordingly.
AIMHO APR

Fingers crossed we get a 'Drilling Started' RNS confirming targets and timeline in the next 3-5 days.
GLA APR

Well Eima I'd definitely sign up for 40-50p if £500m valuation was achievable and in the nicest possible way you wouldn't see me for dust!
APR

@francobrett ... That sounds about right so drill / assay results over a 6-10 week window from drilling start so Mid Nov-20 through mid Dec-20 for results would be a reasonable expectation.
APR

GWMO are confirming historic tailings sample assays & already procuring equipment & services to start small scale Gold & Silver production. We know GWMO have estimated 41Kt tailing grading approx. 1.6g/t at Olympic plus 12kt grading 2.28g/t Gold and 658 g/t Silver at MJ licence area. GWMO confirmed their current licence allows them to extract 900t tailings from MJ but can extend this if process / approach can be proved up and economic.

So what are the Economics?
> MJ Tailings of 12kt @2.28g/t Gold and @658 g/t Silver with 90% recovery imply 868oz gold and 250koz Silver metal
> Olympic Tailings of 41Kt @1.6g/t Gold with 90% recovery imply 2,082oz gold metal
> Assuming current $24/oz silver and $1,850/oz gold MJ revenue = £5.98m & Olympic = £3m

So what does that mean?
Even if costs were 50% of revenue that implies a potential profit between £3m upto £4.5m dependent on actual realised metal values which will be lower than spot prices quoted & will of course vary.
GWMO is £7MCap explorer with short term potential realisable revenue stream and that's before we start getting drill and surveys results back from the prospect sites.

Absolutely not nailed on and AIMHO, but sorry what is not to like?
APR

@darientaylor It would help if you read the RNS as GWMO stated recovery figures were for tests and only a 48-hour leach process, so not sure what you were expecting ... full production at full recoveries by Xmas 2020?
APR

Agreed, good solid GWMO progressing strategy with excellent grades from spoil heaps at MJ ... takeaways are:
> 100 kilograms of samples from 5x spoil heaps report 2.28 g/t gold plus 658 g/t silver
> trial gravity processing achieved 30% gold recovery and 15% silver recovery
> cyanide leach test achieved 87% gold recovery and 46% silver recovery from a 48 hour leaching process
> MJ licence to remove 900 tonnes tailings confirmed
> Estimate 12,000 tonnes tailings available & 25 tonnes to be 'mined' in Oct-20
> Gravity processing kit procurement underway & 3rd party processing contractor being sought
> Proper assays and tests underway at 2 independent labs

The strong inference is GWMO fully intend to produce gold & Silver from MJ tailings in 2 stages:
(1) Gravity processing ASAP for initial metals recovery
(2) secondary Cyanide leach for final metals recovery later

I'm 100% good with that minimal capital short-term route to £revenue with clear route to more sustained small-scale production as longer lead-time items, contracts & processing established.
All good here as GWMO are doing EXACTLY what they said they would do & clearly communicating such.
APR

@RTN I'm getting the sense that once the current seller leaves the market and HUM reports increased profitability on the back of a rising Gold price plus a chunk (if not all) of the loan paid down then a lot of things will change including the SP and the Institutions willing to invest in a debt-free cash generating company leveraged to the gold price.

Time will tell, but THAT is why I am invested and happy to wait 6-12 months by which time we will see a tangible timeline to 200+ koz production emerge ... what is not to like?
APR

@ShowMe I thought the 3-4 weeks was for the drilling itself and results /assays would likely follow? However, it makes sense that shallower holes would finish sooner as I'm sure they would want to get some early results out as soon as practicable particularly if they are as good as we all hope them to be.
I need to go back through and reread!
APR

Appreciated TakeAimFire I use HL to make the trade but was looking at LSE share trades on GWMO not GWMO.GB.PLC hence why I did not spot my earlier 3m Buy.
So are these parallel exchanges for GWMO or am I missing something as all my other shares just have one listing that I am aware of?
APR

@TB & Marco Good for you guys. I often find some BBs can be negative about posters selling to top-slice or rebalance their
investment portfolio and the only reason I'm investing more widely myself is Top slicing from GGP after the recent run up.
ATB APR

Yes, looks like the MMs have been busy bees
I'm crossing everything in anticipation
APR

Nice Price Action with 0.27p now paid.
My 3m Buy @0.25p from this morning still hasn't made the share trade listings
APR

SP has been very volatile and after hitting bottom of uptrend channel support yesterday @0.215p it has bounced to 0.25p today. As long as 0.24p 50% Fib retracement is held today, I am expecting SP to retest recent high of 0.355p over the next 2 weeks and maybe even my 'stretch' target of circa 0.4p if a new uptrend channel support can be established following the recent high of 29-Sept-20.

Of course some decent news is also always welcome to help things along!
APR

Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that further to the announcement made on 21 September 2020, it has invested an additional A$125,000 (approximately £70,000) in Eagle Mountain Mining Limited ("Eagle Mountain"), an ASX listed copper-gold exploration and development company (ASX: EM2).

The Eagle Mountain investment was executed on the following terms:
· subscription for 416,667 ordinary shares at A$0.30c for a total consideration of A$125,000;
· the investment is a part of a of A$1.5 million capital raising supported by institutional investors;
· Silver Mountain Nominee Pty Ltd, an entity associated with Eagle Mountain's Managing Director, Charles Bass, exercised 4.5 million options in Eagle Mountain, contributing A$1.35 million;
· the funds will be used by Eagle Mountain to primarily extend the drilling program at the high-grade Oracle Ridge Copper Mine in Arizona and continue near mine exploration; and

· Gunsynd PLC now holds 2,563,172 shares in Eagle Mountain representing approximately 1.8% of its issued share capital.