Member Info for ART123

If the company have news to release they need to bring it out and not stop off to do all this insider trading. It was 0.105p to buy and now it is 0.128p.

It is probably too early for Konkala so if it's just an update about one of the other prospects the share price will probably drop straight back down so what's the point of getting lured into another trap.

Typical of what goes on in a company that has been around for 20 years and still has a m/cap of £2.5M.

No posts and only a handful of trades.

Anyone who claims that the communication here since spudding is good or even adequate is totally kidding themselves. Having said that, the lack of decent updates is probably understandable as Kobold is a private company with no accountability to shareholders and that has been reflected in the lack of communication about this important drill.

Just for comparison, Xtract Resources drilled a deep copper hole in Australia a few years ago. The drill spud on 16th December 2020 and reached 213m by 22nd Dec, having hit significant copper mineralisation at 110m, with a handheld XRF scanner used to record the grades. At that point drilling stopped for Xmas and then resumed on 7th January 2021. By 12th January drilling had progressed to 607m and by 15th January to 807m, 18th Jan - 975m, 19th Jan - 1047m, 20th Jan - 1089m, with TD reached on 22nd Jan at 1147m with mineralisation extending over the whole depth though becoming weaker from 1050m. The total drill time to reach TD at 1147m was roughly 21 days. Including the spud update there were 9 official RNS announcements from spud to TD and the share price rose from 1.5p to 9.15p. And that was all from Colin Bird who is never a great communicator at the best of times.

AJMHO

With the share price so far down it is AOP who should be on the back foot and worrying about their 39.8% stake in Shield rather than Shield going out of their way to offer AOP a 'sweet deal'.

It's sounds incredibly bad. Either Shield gets 50% of the payment now and then has to pay out the full amount or if they can't do that because the Milestone doesn't complete then Shield have to pay back the advance in full plus interest at 9.25% plus a 6.5% exit fee. How bad is that and with $8M cash at hand, they don't even need the money.

As I said yesterday, I am not very impressed with the management here. It is now Q3 and they should have the manners and the sense to update the market on a more exact timeline for the first drill. Yes, we have been told it would spud in Q3 since the first day of dealing, but that is here now and further details are required. Sloppy performance.

And as I have mentioned several times over the last couple of months, Minchin managed to get a cross-trading facility arranged for HE1 long before they spud their first well and HE1 had no connection with the US market at all. The same setup should be up and running here. A link to the announcement regarding HE1 from April 2021 is included below:

https://www.lse.co.uk/rns/HE1/mobilisation-of-drill-rig-trading-on-the-otcqb-6ep6vf20ednp5wn.html

Very poor effort so far with a best m/cap of £33m. That is way, way, way below the sort of figures from HE1 back in 2021. And don't forget that no one knew the first thing about Helium back then. It was almost an unknown.

And I don't think that things are going to change much either as every time the share price appears to be picking up it goes straight back down again which is most frustrating.

Or maybe you could argue that HEX's pre-spud valuation is so much lower than HE1's because of the complete mess that HE1 appear to have made of the whole process - difficulty accessing a rig, continued changes of management, 3 unsuccessful drills before they hit any helium, the spiralling costs of operating in Tanzania, etc, etc, - which has led to a loss of confidence in the market.

However, that would appear to be a lot of bunkum as the price of helium hasn't fallen over the last few years.

Whatever the argument it would still be nice to see HEX at least given the benefit of the doubt and achieve at least some kind of a m/cap that faintly resembles what HE1 were able to achieve in 2021 with what at the time was very little fanfare as back then helium was not as well known as it is today.

Blimey, it sounds like some people here would be quite happy with the dog's dinner!!!

HE1's best share price pre-spud was 21p to 24p which gave a m/cap of between £126M and £144M. HEX's best share price so far pre-spud is 27p which equates to a m/cap of only £33M. This is a massive discrepancy, especially considering that HEX are operating in a far more favourable environment with much, much cheaper drilling costs.

Oh, yes, maybe the market was more favourable back then in 2021 but not to the point of 4 times the value. So far HEX's share price and valuation have disappointed, to put it mildly. The persistent silly tweeting and apparent lack of communication through the proper accepted channels (official RNS alerts) are not helping.

HE1 up 15%; HEX down 5%. This says it all. What is the difference? HE1 have bothered to update the shareholders on the first day of Q3 while HEX management can't be bothered. POOR SHOW!!

By the time the HEX management finally take the hint and give up on their persistent tweeting and instead issue an official RNS to outline their drill plans and dates in more detail then the share price/m/cap might finally start to move upwards.

Even HE1 (with their less-than-competent management) have managed to get an RNS out on the 1st day of Q3 to give shareholders a plan for the forthcoming activity. We need one of those here if they don't mind.

An update would be a good idea. Q3 starts today. Forget the tweets and give us an official plan of action for the forthcoming drill. No wonder the share price is faltering. At times the management here comes over as a bit lacklustre. They need to give it some oomph.

AJMHO

Of course, the other good news is that WiseOwlSpeak has finally shut the f*ck up with his bad English and rude, rude posts and banal headings with their overused capital letters. Long may he be gone.

And for Mike Buck to commit $100,000 of his own money to the placing can only be seen as a very positive sign. After all of the holdups to getting Heron-1 into production, most of which have been completely out of the control of the MATD management and major shareholders, he would not now have committed such a large sum of his own money if he was not very confident that this is now going to get into production without any further problems or delays.

Nothing wrong with the management. They always have to stay one step ahead on the placings and it was very obvious from the recent Final Results that more cash was going to be required.

The real trouble here has been the 'know-it-all' posters (WiseOwlSpeaks, master82 and others) who have just ramped and ramped this share to death over the last couple of years and who so profess to know better than the management, better than the Mongolians and better than everyone else. They have steadfastly ruined this board, suppressing and filtering anyone who has ever offered any opinion other than their indiscriminate ramping, and now they seem to have clubbed together to 'bash' the CEO. Maybe it is time for them to STFU and let the management run this company.

AJMHO!!!

As I said I am stuck here from SULA days. There have been 2 share consolidations since, one for 10 to 1 and one for 20 to 1, so my original holding is pretty well worthless though I have not completely given up on getting my original stake back but things will have to go a lot better than they have over the last few years.

ATB

Besides, GMET have a m/cap of £29M and POW owns 50% of GMET so roughly £15M of POW's £21M m/cap is directly attributable to their holding in GMET. So the rest of POW's 'business model' doesn't appear to be adding very much value and could hardly be called a success.

And arguably, if POW had kept hold of 100% of GMET then POW would clearly be worth far more than by letting half of it go so maybe that wasn't such a great business decision either.

Yeah, I understand the 'POW business model' all right but then you might as well call it the 'Paul Johnson business model'. But then unfortunately when the 'Paul Johnson business model' didn't seem to be working Paul Johnson just upped and disappeared into the sunset. I still hear the odd mention of him though I am not sure if he still holds his shares here.

Apart from POW's holding in Golden Metal there isn't much else keeping the m/cap at its current level.

Letting their share in the Kilmore/ Kilmore West prospect in Australia go for peanuts must rank as one of the worst investment decisions ever made. Just look at the drill results and assays from Southern Cross's Sunday Creek prospect, with the mineralisation predicted to continue into Kilmore/Kilmore West.

SELECT DRILL RESULTS

Hole SDDSC107

455.3 m @ 7.2 g/t Au (uncut) from 413.6 m

Hole SDDSC077B

404.4 m @ 5.1 g/t Au (uncut) from 374.0 m

Hole SDDSC082

331.5 m @ 6.8 g/t Au (uncut) from 413.6 m

Hole SDDSC091

20.0 m @ 62.7 g/t Au from 430.0 m

The bad news is that POW appears to want to spend even more time and money on this elusive 'massive nickel sulphide prospect' in Botswana.

Personally, though to be honest I am only an unwilling holder here due to being stuck with some now heavily diluted shares from SULA days, I would rather that they had kept their half share in what looks to be a far more promising gold prospect at Kilmore West in Australia. The drill results and assays from Southern Cross Gold who own the adjacent prospect ie. 440 metres at 7% Au Eq from 400 metres - are absurdly good. Who could possibly justify letting such a prospect go without even bothering to drill a single hole? Bonkers!