Member Info for aprogerson

NDMC also HUM, OMI and AAZ are down today (plus all my explorers) so please check facts. I think you will find there are people just pulling money out across their PFs to protect capital
ATB APR

@Ella What startling insight will this give us exactly? Perhaps that NvS hasn't delivered on promises publicly made as if he was free to do something about it all and didn't?
ATB APR

Most of the market is being pushed down this morning as people reposition their PFs.
ATB APR

@mickey So we are! Even less excuse then !
ATB APR

I really hate it when MMs delay big deals until after hours showing closing spread prices so you have no idea whether they were buys or sells ... AIM is hardly a very transparent market
ATB APR

@MisterE I like to think of share options at a 50% premium to todays SP focusing the mind of our Exec team which suits me. Also if you look at the quantities involved 3m = 0.1% of total shares and 10m = 0.33% they do not seem excessive as you often see on AIM.

I also very much like the new openness being expressed in BOTH todays RNS with spoil heap samples being random and options + Warrants et al being laid out openly for all to see including the wider options and warrants in circulation and their strike prices so we all know.
ATB APR

Usually so us poor PIs have no idea what the real price is ... in much the same way that the spread can be used to show buys as sells and vice-versa as it all depends on which side of the mid-price the transaction is.
Also remember that there is a 20 minute delay on results coming through unless you pay for live trades
ATB APR

@Joycopter Agreed that the RNS for MJ Tailings and processing indicates that further sampling is intended to delineate a JORC resource which will be by discrete spoil heaps (grade and volume)

IMHO this will then be used to justify a business case for investment hopefully on a debt-funded basis against the JORC so as existing cash can be ring-fenced for exploration.
ATB APR

Morning Kew, nice to start seeing some positive newsflow coming through and I noted that RNS VERY carefully says that sampling was randomised and not selective which says to me that more likely to be indicative of what is actually there rather than trying for any spin. Long may this approach last!
ATB APR

@causal I would have expected something by now on BHA to lay out the forward plan around drill core data (re)modelling and/or an indicative timeframe to JORC given that the work will need to be commissioned
ATB APR

@suggins Don't be too hard on the BoD who have done a fantastic job since Aug-21 listing unfortunately the gold mining sector sentiment particularly for junior producers has been awful despite POG clearly breaking out from Aug-20 downtrend.

I must admit it is bewildering that GCAT SP is today below its SP at listing despite the progress made ahead of that first planned and 2 good quality acquisitions being confirmed growing their resource base considerably.
ATB APR

@AG YEs I got the sense that was why they are decoupling the tailing plant and adding in the heap leach facility so that they at least keep some production going whilst they expand the main processing plant by adding in the 'new' ball mill.
ATB APR

@suggins Have you got a link you could share for that report/prospectus please?
ATB APR

@AG What I'm seeing going through the Dec-21 video, Align analyst report and the RNSs is a strong relationship between operations and finance focused on a strong ROI given their 3 phase Development plan which they seem to be executing on in double-quick time to reduce costs, increase plant/mine capacity, increase resources and %gold recoveries:
(1) fully refurbished existing plant to optimise throughput & reduce potential future outages = Done
(2) Split tailings processing from main processing so independent = Done
(3) Procured second-hand ball mill and refurbishing to increase ROM capacity in existing buildings = WIP
(4) Adding Heap leach plant to process lower grade tailing to increase overall %gold recoveries above 80% = WIP
(5) Driving new Adit to open up already identified additional resources & additional stope from 2 to 3 operational to derisk mining plan and increase available ore = WIP
(6) Proven refurbished plant can deliver target tpd ore processing to enable 1koz/month production = Done
(7) planning to expand current 700koz JORC & implied 30-year LOM with trenching & drilling programme = WIP
(8) Confirmation of connection to grid power reducing cost by $100/oz = Done

Funding: Has anyone got a handle on cash position given initial £4m cash raise Aug-21 and subsequent £2m placing Feb-22? I notice they have an agreed £5m CLN on an 18-month term which speaks volumes to me about the pace at which they intend to execute their plans.
AIMHO ATB APR

AG probably knows I like Explorer/Developers with good growth prospects and a producing mine to fund everything. Current market is valuing these at bargain basement prices on their production only and giving almost everything else in for free.

Some of the FCF being kicked out at average realised $1,850 POG by these junior producers in unloved jurisdictions helps me sleep at night ... GCAT is no exception and production team seem to be doing a stunning job in very short order given how long GoldPlat has been running the plant just to cover its C&M costs.
ATB APR

@Magnum I struggled all morning at 300k order size but 150/200k looks like they are going through and real spread seems to be around 4% if that helps
ATB APR

Phew, set a 300k shares limit buy at 07:52 at 1.03p and it just got executed. I'd like to add but as most of my PF is gold explorer/developers I'm heavily underwater! Viva POG
I ought to have taken more notice of GCATs 100k market size !
ATB APR

I think the penny has finally dropped around Western world that Chinese and Russians are not our friends no matter what they might say. West relies very heavily on China for a lot of rare earths and almost all of the RE processing hence Aussie NSW move on Critical metals and US Strategic stockpile.
ATB APR

Thanks SeisNav Does this mean we can get back to being a 'normal' BB with constructive discussion, research and healthy banter? .... long overdue IMHO as got fed up with negative twist on everything
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Morning AG nice to hear from you again. Not yet but trying to get my head around & running ruler over both GoldPlat and Caracal TBH
Still invested in GUN and just hoping Rincon pulls their finger out this drilling season
ATB APR