Member Info for Bananaman2

Substantiated ramping and unsubstantiated ramping.

The former being educated and supported, the latter being just words.

That was from the 17th August. I made the mistake of not counting from the day they hit the market. Its not significantly different though.

I have heard various estimates of volume required to wash through a placing. Some say 3 times some say 4 times the placing volume. Sometimes it may be less.

The SP closed at its highest since March so just maybe there is a good chance we could see this move from here. The prospect of good drill results undermine what is a ridiculous MCap for such a good set up.

If ARK can sell the share of the resource to Glencore it will give them plenty of cash to work on other prospective resources. Something that many junior do not have.

This is a fantastic starting position.

This is a market correction. BZT are re-rating based upon the underlying value of their assets/projects/resources. The market will decide fair value butbfurther drilling and improved resources will only add value.

4 projects full of copper and gold do not equate to an MCap of £11m. Not making any predictions but the BZT MCap is underpinned by its 20% in MMIH, it does not consider the $400m NPV for Mankayan, its considers nothing from Hope and Kalengwa and we never even mention Eureka.

This is the highest close since March 9th with columns increasing nicely. There is a good chance that overhang is clearing or cleared. Just had the same in BZT. Warrants can be exercised at 1.2p but would expect the SP to be higher before they are sold into the market.

This does however have excellent potential and with a good set of results it could be set up perfectly for a big rise.

It was a lot more than 20%. Across both markets we have seen 1bn shares traded. Thats closer to 33%.

Massive volume.

I did a count up of the number of shares traded since the placing of 75m. There has been around 185m traded since.

Quite possible that with the rise last week and smaller today that overhang is clearing.

That would be nice. 20-30p in a week or so. Well I am holding tight for a bit. Lets see how it plays out.

Just read my post. I was not inferring that this is a gold mining stock !

I meant clean energy and mining stocks such as this (vanadium) as well as gold which is potentially going to present a good hedge in a volatile market.

How does Arkle only have a £3m valuation ?

What am I not seeing ?

As this broke 10p today I took a position. Actually surprised to see this close under 11p today considering the volume. Expecting a way to go yet. 14-15p not unrealistic as the market correction continues.

Focus has been on COVID stocks of late but given the need for clean energy and safe havens such as gold mining stocks such as this will start becoming the goto stocks.

What does Oil Man Jim know ?

Eyeguy. Absokutely correct. They know the reason alright ! MCap correction in line with NPV not a poultry 2.5% of Mankayan NPV.

MCap should be much higher. Look at UFO now. BZT is still only £10m

Laughable. Precisely why they dealt with the rise as they did. As its completely valid and corrective.

Wow, never seen ARK until today. Looks very interesting at £4m MCap. Taken a small position at these levels. Just too good to miss with drill results around the corner right in the middle of Glencore territory.

What is not to like !!

For anyone in doubt, this is a correction of the BZT MCap in line with its NAV. This could well go on for some time, maybe more gradually than 70% in a day but given that copper and gold prices are rising the correction of BZT could well see a significant rise from this point.

Wait until drill results are in. Then see where it goes. Hopefully another GGP in the making here.

1p is nowhere near my selling price.

Scruffee01. What is the gold video ? I would be interested in watching it. I went heavily into silver in 2017 selling out last year before the uplift in value.

Any link you can post please ?

Thats close to 10% of the company with the 39m the other day. Yet the price has not jumped much ?

But hey ! Don't get sucked in !

I would expect around 330m but may have been forward sold in Friday in the massive volume over 600m. Cant imagine many left but an RNS is required to notify.

Re-rate is just starting. MCap is only £8m and is ridiculous for many reasons.

I would suspect that the 39m share purchaser is also optimistic. I cant see how the value of NTOG can go much lower. Adding value by drilling further wells for production will only lift the SP and MCap

Good for oil man Jim. How does he explain the 39m share purchase last week ?

Back from a ban are you SteelTITAn ?

$985m pre drilling. If AAZ can prove up 8.8m oz then we are looking at more like $16bn with a 45% share to CGNR. So about $7bn.

What did you say the MCap was again £10m.

Hmmmmmm............