Member Info for bonker99

I guess the salient point is that there are obviously big buyers and they're paying slightly more for each chunk ...

Yesterday's Engulfing Candle close over the MA50 @ 21.3p was a very nice bullish signal.

WTI climbing back up to $68.3 - no surprises/changes from OPEC yesterday - steady as she goes ...

Ah, Pearls - not seen you since your silly sub-£1 shout at ARB just before it went to c168p :)

Keep up the good work ;)

Yup - I can't call this - the "seller" story is wearing a bit thin IMO given the volume over the last month and there still seems to be an awful lot of shares for sale @ 23p - who knows.

21.4p sorry.

I hope you're all taking note of the multi/million share "sells" at a slightly increasing SP each time - another 2m away just now @ 22.4p.

Morning.

If you follow the narrative then the only reason we're being afforded this opp at low 20s is because of, an apparently distressed, seller (SC).

I assume that the mining licence for the stellar Kouroussa project arriving just as we are now debt-free is tied into the up-to $100m of funding LOI from Coris Bank International for that project which, presumably, could be announced at any moment once we've fulfilled the first part of that deal in giving the Kouroussa owners £10m in shares at 28.4p (they're locked in for a year).

At that point, any doubts, whatever they may be, will be removed and who knows where we end up.

30s still looks lowball to me depending on how long you stick around for - Gold isn't dropping significantly anytime soon and the IRR at Kouroussa is already 98%(!!!) at $1,750, throwing off the better part of $1/2b in cash in just five years but who knows where Gold may be over the next couple of years, I already like c$2.5k by the end of 2021 ...

1.18m oz @ >3g/t for just $10 oz, amazing :)

Big weekly MACD swing in-play, can't be far off beating 24p at last.

Evening.

Nothing I can see - we're about to pay the very tasty indeed Kouroussa project owners (my God, the IRR @ $1,750+ Gold!) £10m in HUM shares @ north of 28p so I would have to assume we're experiencing an AIM Special of purposely holding back the SP ahead of a seemingly inevitable move to around that 28p price, or indeed higher.

I'm not sure I'm buying that "the seller" (SC) isn't out already - we turned over 40m shares in May here.

Keep filling your boots IMO ...

How many buys does it take?! :)

Cya!

OPEC meeting ended very quickly - no changes to prior plans - steady as she goes then.

OPEC meeting today/right now of course - just to add a bit more fizz into the play :)

WTI tapping $69 now - $75 looks very realistic, even likely, for next week IMO.

I'll take +3-4% every day for the next eight weeks TVM.

Anyone still short here (??) is likely to get their face ripped off over the coming days/weeks/months IMO.

Those are monster holdings - always nice to see directors with skin in the game - however they got those shares.

Big buybacks from a position of suddenly becoming a huge cash cow on the back of a booming oil price would be very nice here.

Just for perspective - the last two times WTI touched the weekly trend line that we're hopefully about to enforce with a possibly game-changing rise starting this week, it went on to move to +$30 each time which, starting from last week's touch would put us in the $90s.

I'd suggest that's where our attention should be, not on the prior SP machinations here.

£2m @ 20.9p "cancelled" from Thursday night :)

33.50p in March 2021 - 55p in June 2020.

:)

There won't be many degrees of separation between the guys who dumped/pumped oil, the "creditors" here, and the likes of MF.

WTI $68

If you didn't check out my chart then I have very viable targets of $75/$112/$140 for WTI oil so beat that for a killer debt unwind going forward.