Member Info for Big_kahuna

I would be really disappointed if the license is in place tomorrow and the only available infra is climbingwooster and his spade.

My confidence would be more satisfied to see a scaling up of infrastructure into q1 or later q4 if they do manage to rush through the license, really is plenty to do, so not sure why everyone is getting so hung up on the license, it certainly going to be granted and that should already be priced in.

That’s pretty standard licensing timeline, and again you can’t just start digging day one anyway, you need to do a lot of pre work, financing, roads, flow charts. So again really not a blocker.

Maybe the x ooster is correct, in which case we just have a license to mine, but we won’t be ready for 6 months, or maybe they miss understood the ‘right to mine’

Did Dave really buy EME in error attempting to buy EEE back in the pennies, hence his ongoing spite posts, it’s the funniest thing I’ve heard on here.

Dave, At this point it’s almost comedy.

• £3 m market cap and still shrinking.

• No real revenue, just another “transformational” update every few months.

• Placings on repeat – more fund-raising than Bob Geldof.

• Negative equity, weak balance sheet, and no sign of self-funding.

• Exploration only – nothing producing, nothing bankable.

• Spikes on hype, then straight back to reality once the placing lands.

This isn’t a turnaround; it’s a funding treadmill with a new poster every quarter. Until they deliver genuine cash flow or a serious JV, expect more dilution and the same old story.

Can’t see that happening, but atleast I’d be able to get to 1m shares without completely destroying my average.

How’s EME doing?

Here is what chat gpt ‘thinks’

since Jangada Mines exited. 5.76% of the company quietly changed hands with no TR-1 disclosure yet — and everyone’s asking, who’s buying?

After going through every RNS, MoU and filing, there’s really only one credible direction the evidence points:

Triessence (Singapore) — and its unnamed Asian SPG/anode partner (~100 ktpa capacity).

Why they fit perfectly:

• ✅ Already inside the tent — formal MoU signed this year with BRES for beneficiation, purification and anode-material production in Uganda.

• ✅ The “leading Asian SPG & anode producer” wording narrows it to a tiny group (think BTR New Energy, Shanshan, POSCO Future M tier names).

• ✅ Strategic logic is spot on: secure long-life graphite feed outside China, integrate downstream, ride the EV-anode supply-chain wave.

• ✅ Timing matches: the undisclosed 5.76 % purchase landed just as the Triessence partnership advanced.

• ✅ Price point: sub-£15 m market cap gives them a 20-year feedstock option for pocket change.

Others like Syrah, NextSource, or Northern Graphite could theoretically afford it, but each is cash-tight or geographically mismatched right now. The Triessence/SPG consortium, on the other hand, already has motive, access, and technical alignment.

So if you’re wondering who’s quietly positioning ahead of the DFS and funding phase — my money’s on Triessence and its Asian anode partner taking the early seat at the table.

I’m still positive on the share, they don’t need the license in place till they are ready to break ground, so they have a window to prep for mining, but I would place to much stock on a deleted x post.

I used chat gpt to check the register.

It provided the below, I have read the x post, but if it has a source mentioned I’m happy to validate it, my understanding is that we would see the register entry at least 3 months before it’s fully finalised.

I’ve checked all the right places, here’s what I found 👇

⸻

🧭 1. DMIRS – Mineral Titles Online (MTO)

• Official WA Government database for mining leases

• Search for M25/389 shows “Application” status, not Granted

• No Grant Date, Expiry Date, or Current Holder listed — those fields only appear once approval is issued

• This is the definitive register: if it’s not granted there, it’s not granted anywhere

Once granted, the MTO record will show:

Tenement Type: Mining Lease (M)

Grant Date: [YYYY-MM-DD]

Expiry Date: [21 years later]

Current Holder(s): Riversgold Ltd / Oracle JV

⸻

📑 2. WA Government Guidance

• Mining leases take 12–18 months from application to approval (longer if Native Title negotiations stretch)

• Final Ministerial sign-off only happens after the s.29 Native Title period and environmental checks

• Source: wa.gov.au – Mining Leases process page

⸻

🗂️ 3. Riversgold ASX Announcements

• Dec 2024: lodged M25/389 application

• Feb 2025: confirmed Native Title s.29 notice runs until 29 May 2025

• Sept 2025: MEGA Resources “Right to Mine” deal explicitly says project remains “subject to final tenement permissions and mining approvals”

If the lease were already granted, that clause wouldn’t be needed.

⸻

🔍 4. Cross-Checks

• Proactive Investors, SimplyWallSt, ASX Markets, and WA Mining Gazette – none list M25/389 as granted

• Gazette would have published it the week it was approved — nothing so far

⸻

✅ Conclusion

• M25/389 = Application pending (not granted yet)

• Realistic grant window: mid-2026

• No actual mining until then, but RGL + MEGA can continue design, heritage work, and funding prep under the existing licences

My mining 5 a side is EEE, BRES, RMR, TYM and ORCP.

My pharma team got destroyed during the transfer window to enable my EEE top up, still have my favourite players, but can’t field a full team anymore.

Artic - No worries dude, there is so many weird postings on here and most of mine are nonsense, serves me right for lurking for 4 years.

I only signed up in to thank ML for his posts over the years, but now I’m starting to enjoy posting, especially when the market is raining shirt on us…

I hear you darb, I’ve gone from 6p to 11p, I miss looking at 1200% gain on my share app, but I’m viewing any top ups as zero risk 2 or 3 baggers.

I have some investment I really like at the moment that I don’t want to exit early, but there are 1 or 2 that I’d be happy to exit if they pop, I can see me buying more if I get liquidity soon.

Https://youtu.be/za6CzJQzuNQ?si=DyFqbIjXWI2XjaLb

Https://youtu.be/7AeWn0XvTKY?si=anAY27hPC9g3UkFE

The lease process is just part of the normal mining sequence in Western Australia.

While the lease moves through DMIRS and Native Title approvals (expected mid-2026 base case), Riversgold and partner MEGA Resources can still get a lot done:

✅ Allowed now

• Continue exploration & infill drilling under existing licences

• Complete mine design, pit shells, haul roads, processing plans

• Run heritage & environmental baseline studies

• Finalise haulage, processing & funding deals with MEGA

• Line up equipment and offtake arrangements

🚫 Not allowed yet

• No actual mining or ore sales until the lease is granted

So this isn’t a standstill — it’s the setup phase. They’re essentially building the runway while waiting for flight clearance.

Once M25/389 is granted, they’ll be ready to move straight into production with minimal lag. Smart sequencing, not a delay.

Riversgold’s Mining Lease Application M25/389 (Northern Zone Gold Project, near Kalgoorlie) is still working its way through the WA approval pipeline. Here’s the realistic outlook:

🕒 Timing

• Application lodged Dec 2024

• Native Title (s.29) notice period ended May 2025

• Right-to-Negotiate likely underway through the back half of 2025

• Once that closes, DMIRS assessment and Ministerial approval typically take ~3 months

Base case: granted around mid-2026 (Q3)

Best case: Q2 2026 if negotiations run smoothly

Worst case: late 2026 if Native Title or heritage issues drag out

📈 Probability

• Location in a mature Kalgoorlie mining belt = low environmental risk ✅

• Converting existing prospecting tenure (P26/51 → M25/389) ✅

• Native Title process = manageable but time-consuming ⚠️

• Solid compliance record and MEGA Resources backing ✅

Overall probability of grant: ~85 %

→ Timing uncertainty is the only real variable here.

💡 Takeaway

• MEGA’s “Right to Mine” deal already lets work continue ahead of the formal grant.

• The lease grant will unlock actual mining and revenue sharing.

• Expect the next major catalyst around mid-2026 once M25/389 is officially approved.

I have 75m shares, I think there is value here, but I think the 11p valuation is definitely a miss placed decimal.

I really think the share price would be twice the current value now if the resource was a quarter of the size.

Https://youtu.be/ewU9K2mAqgY?si=BHPXd7gHHsx3gX2I

About 4 Month's old, but I think it really sets the scene.

Makes me want to sell all my other stocks and pile in if this continues to float around 40p.

I’m still trying to get my head around the US listing, am I correctly reading it as closed around 49p

I can imagine anything worse for my investment than the people on this board talking to SB.