Member Info for Bozi

Many trading it.

Large holders trading portions of decent positions.

It was clear this would head back down this week news or no news. News helps if anything as it can produce extra liquidity.

Just a case of knowing the game with this one.

Don't necessarily agree that FFWD is a dog Matador. It seamlessly did 150% for those who got the low 5p stock a couple of months ago.

They needed those funds as well. Anyone who took any notice of the last financials could see they were cash constrained. They were just victim to the usual AIM market mechanics whilst carrying out the raise.

It looks like a few have taken the opportunity to get some IRR this week. The MD and chairman buys welcome support for the business at 15p.

It's going to be an interesting few months for the business as they carry out further infill drilling at Zaranou with the view to publishing the maiden resource. Any valued added to the lithium in Ghana also welcomed as we market that asset towards the impending high quality lithium supply crunch.

The stars are aligning again for IronRidge Resources.

They owe $10m AUD + interest.

DGR hold just short of 73m shares.

It's straightforward guys. DGR got a secured loan and the collateral was their holding of IRR stock.

If they can't repay the capital, which is due within the next 2 weeks, then Tribeca can elect to take the stake in IRR.

There's nothing to suggest they would sell it but it would be a major own goal for DGR. Tribeca wouldn't have the same interest as they didn't create IRR, DGR did.

If Tribeca did sell, well the small freefloat people seem to cling onto won't be that small any longer.

Got it Senderos.

You're correct.

Yes Senderos. I'm aware of the DGR model.

Which year's annual report lists the convertible note as IRR shares?

Senderos - when you say the Tribeca note is secured on IRR shares I'm assuming you mean DGRs holding?

I can't find any agreement that DGRs failure to repay the notes results in an issue of new IRR stock. I've spotted that the notes becsme secured in Sept 2018 (were originally unsecured) but presumably this is on DGRs own assets.

Let's see how much they manage to raise.

CR - Capital Raise
TH - Trading Halt

May Queen has now been divested - see RNS dated 14 September.

With something the scale of Zaranou, May Queen became non-core.

In my opinion there's a perceived orphan period here. A lot of traders dived out at 20p taking 150% from 8p buys or 7p placing. Some expected an early warrants call or exercised themselves but now we have the blocklisting.

With more results upcoming and a resource estimate hopefully in Q1 2021 there's plenty going on.

Well upon initial reading punter2 i thought you were calling me an oddball - given i am likely to be the person being referenced in the tweet you copied.

Apologies for making that error. Too early in the British morning.

So i have noticed rcgl2.

I have to ask why going on twitter and regurgitating one single conversation is of interest. The cynical side of me believes that punter2 is looking to bait certain investors.

I haven't reported punter2. The post is there though to make it clear that i won't tolerate any abuse.

Punter2 -consider yourself reported.

How dare you call me an oddball just because i don't agree with Brooke and Warren calling the shots and their blatant character assassination of Nick Mather.

Cornerstone are minority ENSA investors here who have done little to define this discovery. They need to get back into their lane.

Copperpot - in my view last night's news is just one of those pieces that is more difficult to put in laymans terms and it relates to objections raised concerning technicsl documents.

If i were to try and simplify it i would do so by saying that SOLG have taken data and other metrics from the PEA and applied them within MRE3 with the intention of running the two documents concurrently. OSC are basicslly saying that MRE3 should have superseded PEA with updated data where required.

I wouldn't give CGP any credit with that whatsoever Schlemiel.

Their bosrd hsve never progressed a project to recognised study level so i doubt they have the expertise either.

I think it's more likely that the OSC review all studies that get released by TSX listed companies. That's why it has taken a few months to come to light - because there's likely some sort of backlog.

Good to see we're drilling Porvenir.

Not necessarily N2S.you have to tske the sellers into account, of which there has been a few abouf.

Good to see guidance on the warrants and options.

Nobody has exercised their 12p warrants for a week or so now as we haven't had notification from the company.

If the company is going to call from the remaining placees then it will likely be soon. There was no point them doing it at 20p because all you do is cause a spike and then a huge sell off from those who don't want to hold placing stock and warrant stock.

The 2nd drill campaign has gone pretty well to my mind. Seemingly another campaign is being planned to begin in the next few weeks.

It looks like someone agrees and has bought 2x 250,000 today.

This is a promising bit of news.

Game on.

I'm not sure they're worried about paying full price Quady, unfortunately.

Interesting times are just around the corner that is for sure.

Quady

I wouldn't be convinced personally that SOLG and BHP are not talking. I'd say they are, just not about a takeover. BHP have long provided technical assistance at Alpala.

Ultimately I think any bid from them would be hostile and without prior warning.

I agree that SOLG have a diverse register but not convinced it'll be enough to fend the deep pockets off. You only have to look at the PIs who are saying they'd accept anywhere from the 46p highs and upwards. IIs would generally also be in favour of taking a premium offer IMHO.

I'd be a bit surprised if we're still here for years but we will see.

Hi Quady

Good morning to you.

I'm less convinced we'll see news. We have the webinar Wednesday and other than that all efforts are going into the PFS.

By my reckoning we're a week or so off an update on the regional drills (if the company decide to release one whilst waiting for assays).

I've come to the reality that there's little point worrying about what happens here. Things will come to a conclusion when they do and we will all hopefully do well.

I have always been an advocate for advancing this as far as possible by the way and I mean production if that means achieving anything like true value. I do have to admit though that I'm finding it harder to believe that will be the route we take.

Dont disagree with Padmaster's view of the SP. I can't say that I wouldn't be at least content with 100p given it is 300% from here but I would consider it a huge opportunity squandered as I truly believe that an investment opportunity like this comes up once or twice in an investor's career in the markets (for want of a better phrase).