Member Info for bandicoot

Top of The AIM risers board.

The chasers will turn up here soon.

Mega-Move coming.

0.5p going to be looking cheap soon.

7m Market Cap!

@Skippysb01 Excellently put. That's exactly how I see it also.

I think most people frustrated that they said the 1.5m raise was enough to see through 2026. Then a few weeks later they raise again? It's a valid concern.

If they had certainty the cores were good they would have raised after assays, but they can't be sure until they get assays, so the 4m raise is simply insurance. Sucks for shareholders, but this is the business world in a nutshell.

I'm still holding btw, since 0.8p. Hoping not to get stung, but risk/reward still favourable IMO.

The fact it's still rising says it all after yesterdays gains.

You think there'd be a lot of profit taking.

Sells being SCOOPED UP.

This is going stupendously vertical on upcoming news, sit and wait, enjoy the rise!

⬆️ 0.6 will be taken out today. Very stong Buy signal here.

Took a decent position here this morning. Hoping there's no significant retrace but the sheer volume of buys tells me there won't be.

Everything I can find points toward this absolutely flying.

NVDA involved... enough said.

Notice all the naysayers have disappeared now? Yeah, they probably just bought in.

Nothing has changed. You can spin the 4m raise two ways, but I choose to see it as a positive that good things are coming.

Maybe I'm wrong, but happy to take the risk here.

One positive is that if the MM's were short of shares before, they certainly aren't now.

From Grok 4 Expert - A pretty fair summary to be honest.

As a junior explorer in the gold space (focusing on their Red Setter project in WA), they're no stranger to capital raises— this follows ones in August (£1.5M at 1.25p) and March (£700K). The funds are earmarked for expanding drilling at Red Setter, where recent updates show promising signs like a deep breccia pipe intersection (777m) and strong alteration zones that mimic big nearby hits like Havieron/Telfer.

But here's where it gets interesting (and a bit worrying): Why raise now at these penny-stock levels instead of waiting for assay results from the latest holes? Assays aren't out yet—they're expected in the coming weeks after lab processing—and the company just hyped the geological visuals five days ago. On one hand, it feels desperate, like they're diluting shareholders (shares outstanding jumping to ~3B) to cover burn rate, exec salaries, and keep the lights on without revenue. If they had blockbuster assays, wouldn't they announce those first to bump the SP to 2-3p and raise with less dilution?

On the flip side, this seems more pragmatic than shady. Juniors burn cash fast on exploration, and waiting risks running dry if markets turn or costs overrun. The raise locks in capital on current momentum from those updates, funding immediate expansion (Hole 2 is underway). If assays deliver gold-copper goodies, the SP could rerate big time, making dilution a non-issue. No signs of panic like warrants or loans—just a straightforward placing.

Overall, high-risk play as always in this sector. Bullish on the geology aligning with big targets, but sceptical on the repeated low-price raises.

Everyone hates a fund raise because for a brief period it means we stop rising. Then you'll realise we have around 5m in the bank which could mean additional drill rigs on sight. double shifts, etc.

I think they underestimated what they could raise the first time, and this raise is just a top up of what should have come at the 1.25 raise.

Think about it, the sentiment here supports such a raise. The assays could still be fantastic.

The same people slandering here will be piling back in on the next rise to 3p.

Overall sentiment of this RNS is positive. Key positives include a significant increase in cash balances, reduced administrative costs and losses compared to the prior period, successful fundraisings, and optimistic management commentary on exploration progress at Red Setter in Western Australia, with no major setbacks highlighted.

At this stage, I think the fact they raised at 1.30 and not higher is positive sign IMO. That's only 0.05 above the last placing which is fair because since then we've only really had speculation and photo's to go on. They could have done raised it at 2p, 1.5p pre-results but they didn't.

If assays are good they will likely do another big raise afterward which would get scooped up easily if there is gold in the ground. They could easily raise 10's of millions for this at 3-5p+. That's when things get serious.

A lot of people who've been sat aside will be scooping these up at 1.30, I'm considering buying more myself.

Crazy gains here today! all happened way too fast for me to digest.

Not in the habit of throwing money into the unknown especially on a 100% rise.

Congrats to all multi-bagging on this! I will study it over the weekend.

To be honest, if you think the title of one thread dictates the SP direction that's a bit silly.

MM's and News dictate SP, nothing else.

Had my eye on this for a while, and did make £400 profit on it a few weeks ago.

Was tempted to jump in this morning again but I didn't.

Hope it all works out for the LTH's here. I know it's painful to log in and see losses!

Another intra-day RNS would be hilarious, honestly. Catch these traders / dumpers out.

Hole 2 Update?

Assays?

Tenements?

It's not impossible we get another today.

Agreement with @Casper786: Large-scale mining can handle lower ore grades profitably, despite higher extraction costs. Demand for gold, copper, and silver is booming globally, fueling price hikes - driven by needs in GPUs, data centers, and EVs. These metals power future tech, with no slowdown in sight.

Also, where there's gold, there's silver; these two often occur together in natural deposits.

World leaders will be looking closely for these materials, we're already watching it play out just look at gold / silver price.

Been here since 0.80p and not sold a penny.

I'd rather let it fall and break even than get rinsed by these MM's trying to trade.

Risk < Reward

Also Casper... lets not forget....

100% OWNED RED SETTER. ITS HUGE.

100%.