Member Info for aprogerson

Thanks Swissy I concur with your assessment after re-reading the RNS 3 things leap out at me that IMHO help explain the u-turn
(1) China's use of minerals and processing facilities to punish Australia in recent months so explaining Aussie push to become self-sufficient in battery metals and REEs
(2) their are very few sources of Cobalt outside DRC which is notorious for poor working conditions and conflict
(3) China has a 90%+ strangle-hold on processing of REEs which is apparently both difficult to do and polluting

I'm getting the strong feeling that this policy change in NSW and the 100% ownership BH tenement linked with the release of historic records and drill core samples may just allow CCZ to accelerate production of a JORC resource at modest cost.
AIMHO APR

Sorry McBucket LSE not showing your post history ... who were you refering to as a 'new boy' ?

"Well that was a surprise!" just doesn't seem to cut it for me after a very abrupt U-turn on both Picasso/Litchfield Lithium optioned plays vs. wholly owned Broken Hill (BHA) play containing Cobalt and potentially Lithium pegmatites.

I'd like to think that the BoD knows more than we do and therefore the decision made was very logical, but the RNS has not convinced this shareholder to break out the party-poppers. Another RNS today or Monday is the very least that they could do right now !

The only saving grace for me is the new factoid that the cores from prior drilling at BH still exist in (hopefully) logged & archived government geological repository that they can access, sample, assay and therefore build out a JORC compliant resource model for both Copper/Cobalt and lithium. The stated logic of using shareholders funds to develop a wholly owned asset rather than buying one at Picasso/Litchfield makes sense but only if we suspend our disbelief after todays poorly justified RNS.
ATB APR

DXY looking weak and toying with support from Jun-21 whilst gold sat on Downtrend resistance from upside .... hopefully a confirmatory retest as support for next leg up?
ATB APR

Correction very decent results RNS and strategic acquisition of 10% of Libero (plus option on more) making good use of their excess cash for strategic.
... oh and comfortably met guidance
ATB APR

HIGHLIGHTS (& my comments)
· Strong cash position = approx £1.7m
· Drilling contract signed for spring start-up at Olympic Gold and Rock House= probable start end Mar-22
· Road upgrade will open up Mineral Jackpot for both drilling and spoil heap recovery= 14km to Marietta base
· Survey results at Eastside Mine (EM Group) reveal exciting copper potential = more for partner/s to go for
· Volume calculation reported for gold tailings at OMCO Mine = 25k - 31k M^3 grading 1.25g/t ready to process
· Project planning for precious metals secondary recovery on track = via leaching & debt funded so not cash

PLANS FOR 2022: In 2022 Great Western plans to:
· Continue drilling at Olympic Gold, initially to track potential veins in the shallow area at Trafalgar Hill as a follow on to the high gold grades established in 2021
· Drill at Rock House (RH Group) to follow up the high gold grades established last year in the Southern Alteration Zone
· Continue the hunt for an extension of the OMCO Mine vein to the east of a north-south fault
· Drill at Mineral Jackpot when access has been upgraded
· Complete aerial surveys over Mineral Jackpot, the TUN Group and the Huntoon Valley
· Finalise plans for a commercial recovery project for pre-mined material and initiate a project
· Secure partners for developing the Company's copper potential

These plans may be varied or expanded depending on results and changing circumstances.

Commentary:
An excellent start to 2022 with cogent approach to exploration and tailings reprocessing to generate a revenue stream independent of shareholders funding so cash remains available to fund 2022 Plan. USe of debt to fund tailings reprocessing speaks to very high confidence levels and BoD decision to extend from gravity separation to include leaching to produce a gold/silver concentrate is very sensible so maximising revenue whilst keeping a lid on costs. Confirmation of 14km road upgrade plan to access tailings confirms how serious they are about this and potential revenue stream on offer whilst saving future exploration & drilling costs as access will be easier/cheaper.
ATB APR

HIGHLIGHTS
· Strong cash position
· Drilling contract signed for spring start-up at Olympic Gold and Rock House
· Road upgrade will open up Mineral Jackpot for both drilling and spoil heap recovery
· Survey results at Eastside Mine (EM Group) reveal exciting copper potential
· Volume calculation reported for gold tailings at OMCO Mine
· Project planning for precious metals secondary recovery on track

LOL POG doing what it does best this morning and keeping us all guessing whilst it retests downtrend as support or will it drop through and become resistance again ?!
ATB APR

Libero Copper & Gold Corporation (RNS 4-Jan-22)) is pleased to report assay results for the five hole, 1,743 metre drill program
at the Big Bulk porphyry copper project in British Columbia’s Golden Triangle. Results suggest the
presence of a large mineralizing system, with new drill results confirming a greater than two kilometre
strike length.

Looks very promising ... full RNS is here https://www.liberocopper.com/_resources/news/nr_20220104.pdf
ATB APR

@Darren Yes it is looks like it is reconfirming prior downtrend resistance as support ... hopefully !
ATB APR

POG has broken out of the Aug-20 down trend on the weekly chart but Gold sentiment is so poor no one believes it !

It should get very interesting around $1,840/50 as this should confirm a sharply uptrending pennant is in play when I an expecting it to properly breakout @$1.920/50 ... if it can I'd expect a lot of bids given the CB debt backdrop and the HUGE multi-year base/cup forming that POG has been doing 2011/2020. If this downtrend is indeed the 'handle' for the multi-year cup expect some strong moves up to the $2,300/50 area when/if this does break up. Under those circumstances some of our 2022 prognostications for HUM may start to look somewhat tame!
ATB APR

Estimate SP 45p in H2 2022 as POG only needs 9% or $170 rise from here to reach Aug-20 ATH, but current AISC also needs to come down to achieve this hence H2 prediction.
ATB APR

Wow +40% out of nowhere ... that was unexpected
ATB APR

Not everyday you see 20, 50 and 100 week moving averages all at same price of $1,795 +/1 $1 with 20 & 100WMAs both positive.
I'm hoping that this is auspicious going into the New Year
ATB APR

Shhhh ... POG has broken Aug-20 downtrend at $1,805 on the weekly chart and is now sat at $1,814.

A weekly close above $1,805 this Friday would be very encouraging !
ATB APR

Don't be so rash guys Ella is probably on the New Years honours list for "Services to AIM Investors" and we will be eating our words rather than our mince pies.

Health Warning: this post may contain some sarcasm ... let me know if you spot it
ATB APR

Libero Presentation Nov-2021 @ https://www.liberocopper.com/_resources/presentations/corporate-presentation.pdf?v=0.743

Nice move AAZ ... some of those Copper/Gold prospects look really enticing! Yes they are in the more riskier parts of the world but the world needs more copper in significant amounts and new copper mines are just not coming onstream and existing Tier 1 copper deposits are generally in very big, very old mines.

AAZ are clearly not shy and have lots to offer hence their attempt with the Irish miner that thankfully fell through last year. YEs capital will always be an issue but AAZ is throwing off cash at these metals prices so getting a decent deal at cheap prices before the Majors start moving in is a very smart move IMHO.
ATB APR

wow good spot Grocer and no RNS on AIM?
ATB APR

Yep I'm finally on the same page after sadly assuming that the CPI and GDP statistics weren't rigged ... more fool me!

So in essence this reduces the effective %debt load of the officially recognised debt AND the government backed promises for pensions and social security which themselves dwarf the official debt. Whilst on the GDP front it artificially flatters GDP so the ratings agencies continue to unwrite the AAA status of government debt so that they can continue to borrow money just to keep the lights on let alone pay any debt down.

Clearly all a happy accident that benefits anyone with lots of debt and unfortunately sc**ws anyone reliant on fixed income from pensions and/ or state benefits !
ATB APR