Member Info for aprogerson

Good to see BH keeping us up to date with drilling programme progress as now both Olympic and latterly Rock House target drilling completes. A shame that we still have to wait for assay results due to Covid delays but hardly unexpected.
The commitment for an updated investor presentation post assay results is also very welcome.
ATB APR

Thankyou @graham ... Let the drilling commence !
ATB APR

Positive & interesting Pasofino update with 2.5Moz @circa 1.5g/t PEA at Dugbe/Tuzon. How this news could possibly result in the SP dropping when we hold 51% is beyond me and reading this BB several other posters too ... but then this is the world where the FED can "talk about talking about tapering" and POG drops 7% over 2 days.
Beggars belief really !
ATB APR

@Bushy Bottom line is with POG down circa 7% in last week all gold and silver producers are under the cosh. I thought I'd got back into HUM with a good price of 20.8p but was not expecting the FED to announce "thinking about thinking about tapering".
ATB APR

@Lukey My expectation for any OMCO mine extension is that it is in fact the 'feeder' for the shallow historical mine so will be more likely higher grades than 25g/t Gold and 30g/t Silver historically mined. By todays standards these grades are extraordinary for underground mines let alone near-surface where a range 0.5g/t to 1.5g/t for an open pit is typical. RNS from May-2020 also notes a lower grade halo around the historical mine workings but no details as to what this may be implying the possibility of significant additional mineralisation that might be amenable to modern open pit operations.

RNS May-2020 refers "Between 1917 and 1942 the shallow underground OMCO Mine on the property produced approximately 30,000 ounces of gold and 34,000 ounces of silver from only 35,000 tonnes of material, at grades of 25 grams/tonne gold and 30 grams/tonne silver."

I remain optimistic that there is significant additional mineralisation on the licences albeit at lower grade around the historic workings in addition to any extension.
ATB APR

I've been 'chilling out' here since Oct-2016 so not about to sell out anytime soon and certainly not before any meaningful 'transaction' news lands.
ATB APR

@Fever I ask myself the same question about how/why unscrupulous posters are still being allowed to post misleading information and assertions dressed up as 'facts' on BBs.
ATB APR

@Shorn Based on what I've read it looks like all the MTC Sturec royalty payment criterion have been met, so yes I'm expecting an RNS from ARCM confirming a circa £360k payment due to ARCM ... just not sure if it will be cash and/or MTC shares. If MTC shares their MCap is A$36.14m at last nights close so A$660k is 1.8% equivalent of MTC stock if my maths is correct!
ATB APR

So 330 koz x A$2/oz = A$660k or £360k payment to ARCM and more to come ... very welcome cash
top up
ATB APR

Reading 5hrough again all intercepts are comfortably over 2.5 g/t gold without 5he silver so it looks like MTC owe us $660k. Their announcement also states that 5heir drilling is being accelerated using recent $6m royalty funds to increase JORC further still.

Just checked MetalTechs ASX announcement with 44% increase on their JORC to 1.83Moz gold equivalent ounces so 330 koz GEO over the qualifying threshold at $2/oz GEO to ARCM assuming grade criterion has also been hit.
ATB APR

All that happened is that the Fed has confirmed it is now talking about "Talking about tapering" ... that is not the same as tapering and definitely not the same as stopping asset purchases with yet more printed magic fiat dollars.
Truly bonkers and yet POG goes south (for now) ... apologies not you @Bonkers
ATB ATB

Interesting investment ... anyone else struggle to find any information or RNS on the Initial investment in Charger Metals back in Nov-2020 according to todays RNS ???
ATB APR

I'm expecting some profit taking above 0.3p, but I'd rather see that happen before drill assays land PLUS we have a HUGE base built following the 16-week consolidation between 0.215/0.265p
ATB APR

@Basher Agreed, phenomenally clear breakout Monday 10-May, reconfirmed Tuesday 11-May, then consolidated and BANG broke through 3 or 4 sets of major resistance yesterday ... a joy to watch and had to pinch myself more than once yesterday!

This leaves 3x inter-day highs to overcome at @0.295p (Jan-2021), @0.39p (Oct-2020) and the big one @0.6p (Jul-2019), but where we end up will now heavily depend on the drill assay results due any day now from the Trafalgar target.

IMHO a clear finish over 0.295p today and/or attack on 0.39p would be very bullish indeed
ATB APR

Last sizeable trade going through was 16:33 for 5m shares at 0.295p on LSE
... tomorrow should be interesting as todays welcome ~23% bounce has been out of nowhere on no news (yet)
ATB APR

@Richi LOL it only becomes the support price once we get there .. until then we have been trading rangebound for 16 weeks between 2.15p to 2.85p with firmer support at 2.2p due to the recent placing.
ATB APR

@Mcadder As the say "The best place to find a new mine is next to an existing one" ... good job we have a few of those then
ATB APR

LOL awaiting 'any' news on~:
> Rogue Baron = growth update and/or spin out of brands
> Rincon = Laverton drilling news & start at Hasties projects
> Low6 = much delayed IPO, no news on ASX new IPO channel
ATB APR

Point well made @Shorn and yes I believe a decent deal is there to be made BUT nothing is guaranteed and PIs need not be afraid if AAL decide not to progress ... just look at GGP as Newmont had first refusal as JV partner and walked away before NCM walked in. GGP SP was 'not happy' during the switchover but the rest as they say is history!
ATB APR