Member Info for bentnose

When we dropped a bit from 20p yesterday i thought to myself it would nice to get a good RNS to clear us of under that figure. We duly get another good RNS and someone decides to sell for 10-15% less than they could of yesterday. Makes little sense.

ive said before decent rises always seem to end in orchestrated sells. Never makes sense - especially selling for 10-15% less than they could have 24 hours ago.

Im not one for mentioning other shares but I remember maybe 18 months back having a discussion on here with Toro and he was saying that at at £60m it was crazy that GGP had the same mkt cap as us, I argued at the time that we should follow the same route as them (JV with partner) to unlock our potential.
Toro disagreed on the basis of losing a large chunk of your portfolio % wise wasn't the way forward (and i can partially understand that and have a lot of respect for his knowledge). I personally think now its the only way forward - especially in this market whilst the price of gold is high and set to continue rise over the short- to mid term. Id say we need to strike whilst the irons hot!! - but even the iron ore seems to be a forgotten asset despite rising prices.
Just yesterday a JV with another goldminer was announced and the share price has rose 150% in two days. If theres gold there (and we know there is a zaranou) act as quickly as possibly to realise the value in that asset.

After a series of great RNS the company has let momentum drift by abandoning any positive comms (yet again), whats the point of twitter page if you don't regularly shout from the rooftops to keep the company profile relevant. Surely all it takes is a couple of minutes every couple of days. I know the assets should speak for themselves but that has never has been the case here despite the great results. They need to seriously sort out the PR department.

Couldn't buy yesterday and cant get anything more than £100 worth this morning - something good lurking hopefully but wish i could top up

Likewise Jimmyjohn, would need it to 10 bag from here to get to my average, and thats my averaged down figure !!

Some weird prices popping up this last week or so. Trades a few days old popping up from nowhere, sures theres a few buys over recent week mixed in withese reported sells aswell. Still a depressing view when looking at my portfoilo overall. Think it may be time to stop looking and come back in a few months.

Would be nice to see an update on how company are dealing with situation and any resilience plans they are putting in place.
Certainly wouldn't harm - seen quite a few other companies doing it.

Some saddo deliberately not wanting to see any rise on the board - 13 quid sell yesterday morning and 6 quid sell this morning, got to be the same strange person.
Will have cost them that in fees

3k worth of sells take 4 million of Mcap, surely the MMs have a responsibility to settle the markets also - its bordering on criminal that they are exploiting shares across the board.

So 2 sells for 100 quid just knocked 60k off the market cap, for someone to be selling 28 quid worth aswell has got to have a reason for wanting to drive the price down. This share has been hard enough to live with the few years and still its manipulated.

Yes agreed, cant help thinking they would have been better putting this announcement on the backburner until the market clears up. As the market has not recognised our continued great progress in the good times so this way always going to get a lukewarm reception in this climate. Good to see IRR continually building the acreage and potential asset size though.

Whilst the market never likes delays, this has made things clearer and can only allow a better deal to be struck given the extra breathing space, the buyers coming back after the usual drop seem to confirm this.

W

Would agree thats it probably traders at play who were hoping for some fireworks before the week was out, but on not seeing an RNS or update from IRR on Twitter they've moved onto their next target.
I did notice on twitter last week a broker mentioned he was expecting the share price to rise this week on the back of the mining conference and a potential Chinese group visit to one of our sites. If it were true that is was planned, then for obvious health reasons I cant see many people taking a risk on flying out of China this week.
If you are a trader this is probably the worst stock on AIM to choose as generally its been flat or small peaks and troughs for the last 9/10 month whilst those of us who trust in the assets/board are prepared to sit and wait (and if im honest had wished id traded those peaks and troughs !)

As I've said before, thing are coming together now and the geologists have done an amazing job to get us to this point, its up to the big cheeses now to transform us and take us to the next level.

NTS - you mention the iron, I cant see why we are keeping hold of it - it seems way down on the pecking order now so surely its time to off load and get some more money in the coffers for more aggressive drilling (though id prefer a partner to do this)

Agrees SM - that road map of future plans is crucial now. Regarding the share price - i know there is some bias but our brokers note had the share price estimate north of your figures based on pretty much what the Jorc came out with (and it will increase) and that was only a share price valuation of that asset, without the other projects in our portfolio.
I did mention it a few months ago and I was shot down but i think its time we looked at the GGP approach in particular for the gold prospects. If we have confidence in Zaranou for example come to agreement for a bigger mining partner to come in and aggressively increase the drilling campaign for a buy in of the project.

Mike, some good new info from Toro on twitter in relation to your query on Ghana lithium. Makes things a bit clearer in my mind

This quote was in bold in the RNS from VM -

"The Mineral Resource estimate also reaffirms our pursuit of becoming a dominant West Africa spodumene source for the emerging electric vehicle and stored energy space, and we look forward to updating the market on our progress in this regard in due course."

Hopefully some news to follow soon judging by that comment - from your questions yesterday it looks like there is still plenty of the area to survey if required so the jorc can only increase over the tenure.

Will be good to get some feedback on how the jorc results are received at the mining conference coming shortly. Bottom line is we should be sitting a lot higher share price wise. Wonder what news will drop next, still plenty due, especially from Zaranou, hoping the next results are similar to last released results.