Member Info for Benhowell459

*Colin Bird I mean..

To add my thoughts to the original question, Silverfoil, 60 is the new 50 so plenty of time for these directors to enjoy their SAR winnings in a year or two. To give you a little perspective, one AIM chairman, Colin Bell of XTR (and a few others may I add) is 76 and still going strong. Over there, we are also faced with a buy out at some point and there is obviously more of a rush than here. Apologies for the off topic but just want to calm anyone who may be thinking our directors are past it, and may want out before true value is realised!

For some reason, MMs seem to find it easier to drop the sp by 10% day after day in order to make money from stop losses and buyers wanting in cheaper. I also find it frustrating how they have the ability to just drop an sp as a result of low volume. If there are limited sells and buys, the sp doesn't need to move! The UK should have a fair market which moves down on sells and up on buys, not just at the whim of 5 or 6 city boys in suits. Utterly ridiculous how much power these guys have.

And if you want another example, SAR has been up and down like a yo-yo on low volume, 10% bear raids in the morning, up in the afternoon, just to knock out some stop losses and fill some client's buy order. It's not fair, it's not a free market and unfortunately it will just continue...

7 trades I can see of 500k, one is presumably a sell as it's a minute difference to another 500k at a higher price. Nice to see someone loading up.

Cantor struggling to get a buy order through? How can one MM possibly force the sp down when the other 5 have their spreads higher? It doesn't make sense!

Same here. Will send an email.

The last time we were up around 4.3/44 in late July/August we didn't manage to hang on. Hopefully we get a couple of assay results or Manica news to give us the boost we need to get back to 5p, which imo is still far below what we are worth.

I do think it's unfair how that one UT has wiped virtually all gains from the last 2 days. MMs will probably take advantage and open around there tomorrow. How was that trade so low anyway when others at a similar time were about? Very confusing!

CB has been very quiet on the Ugandan front! ;)

They always do this. Talk about a share, then do it down and promote another one!

Just to pull on piece of cr*p from the article:

They imply that SAR has got too big:
"As it stands, this is a pre-revenue business, excluding the one-time £47,000 generated in 2020. But the rapidly rising Sareum share price has pushed the market capitalisation beyond £230m. "

IE it's too big to invest in now.
But then later they say this:
"Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise…"

Surely we are tiny then too? I really dislike the MF. Preys on lazy investors and supplies them with a load of rubbish.

AG, I like the idea of a JV at Bibemi. A mid tier trying to earn in in a similar way to Iamgold but on better terms (TL has implied several times he wishes he'd negotiated it). That gives us free carry in two locations. I also agree selling off senala at the end of next year will give us a nice wodge of cash to fund Central Cameroon. We can't sell just yet I don't think as the 4- year earn in agreement hasn't run its course?

Colin is a shareholder after. He said he can only keep doing his job and I'd completely agree. He's doing a great job with BR and Eureka and the other African assets are progressing nicely. By the end of this year, this company will have assets either producing or so dam* huge that investors will be wondering why they didn't notice earlier. Forget bitcoin or other cryptos, Colin has found huge mounds of copper and it is worth a huge amount of money! Wish I could top up...again!

Much debate on here at the moment about the prospect of a raise in the coming months. A raise is inevitable at some stage. That is Junior exploring. We don't have any other definite income streams so this is how we are going to fund our ongoing programmes. It is just unfortunate that the raise will probably be 8-10% of shares in issue (or more).
Yes, it will dilute what we already own but ultimately we want to see things happen. Mid tiers and maybe a couple majors will be peering over our shoulders trying to see what we find in Cameroon and Iamgold are just trying to delay the inevitable which is buying us out of Senegal. ORR has wonderful potential at this price and I would be buying if I had funds. I am looking forward to more results in Senegal and a turnaround in the market malaise in this sector. It may be weeks, it may be months but I will be here. GLA and have a good day whatever the weather (shocking in London!)

It's been 14 days since the last update on 19th August. Colin said that the two latest holes were "well underway". We've been here before trying to interpret Colin's words but there's no doubt that they had already started drilling on the 19th. Let's say a conservative 30m deep. Allowing 2 days for completion, reporting and writing up the RNS, if news comes today that would mean 12 days of drilling. Many have guessed on here the daily drill rate but let's have two scenarios (50m and 60m).

30m+ (12*50) = 630m.
30m + (12*60) = 750m.

Going from previous RNSs, they usually report the pair together. One may well have stopped last week at 3/400m depth and we are therefore waiting for the longer one. All conjecture but interesting while we wait.

We must also remember that it would be positive if either of these two holes (one testing southeast mineralisation and the other testing an IP anomaly) have decent sections (1-200m+)

Either way, I think we may get an update this afternoon or tomorrow morning. GLA.

Cheeky little top up at 3.81 just now. Expecting decent news from assays and/or nice strike length extension in the next few days and weeks. Maybe a decent RNS about Eureka as well. You have to ask yourself why CB would put another £70k+ in. Either he's seen something OR, more likely, he thinks we're incredibly undervalued based on what we already know. Follow the money and those in the know. Have a nice day all.

I'm guessing it's something he's referenced before - His timeline for checking out of hotel SAR.

Ditto that cobalt! Very grateful for all the knowledge shared here, even if some is over my head! Hopefully SAR stays blue today. Have a great long weekend all!

Anything under 4p is an absolute bargain. I'm hoping to get a little top up at the end of the week below 4 but who knows where it will be!

Xeiger - don't I know it! All my other miners are bargains! ;)

Bit of a mixed post that. Not sure you can say we don't have a seat at the covid table. It's certainly not "clear". My focus has not "shifted" either.