Member Info for Bozi

Interesting ATG. I had you down as a cake man.

Sounds a very reasonable amount to me. Here we have a board working to avoid mass dilution to shareholders. Unlike another company in my portfolio who issued themselves headroom for 100% of the share capital...

A quick scan of the financial report shows exemplary budget control. Administration, legal and employee benefit expenses all reduced on 2017 despite quite clearly being a growing company embarking on exploration projects around Africa.

Best guestimations being that we have £3m - £3.5m in the bank.

AIM has become a gamblers paradise. It's no longer somewhere to invest in companies with outstanding growth prospects.

Something has to drop 80% in 2 days before it becomes an 'investment'.

I'll just be sitting tightly here, accumulating where I can.

I'm excited!

Looks a good presentation. Lots to be positive about here.

DGR had £1.6m as at 30 June 2018. They have within the last month drawn down another Aus$2m (£1.1m) of the convertible loan arrangement with Tribeca, so best estimations is that they have c £2m in the coffers.

They obviously do hold some liquid positions in listed companies as well.

From the 2018 annual report

"DGR aims to hold its key positions in the listed resource companies thst it has created as they mature and develop."

An ethos well advertised by MD and CEO Nick Mather.

It's all to play for but the key stakeholders are in place and have been for a while.

The company has "had a mare" because it was "expecting" to drill Dorothe in November/December, because "maybe" they could get the work started before the end of the year. This despite Vince later confirming in June that Dorothe drilling was being pushed back to early to mid next year whilst they executed a plan to get the human, financial and mechanical resources in place.

You're a sharp guy. Sharp enough to differentiate between maybe and definitely. I get your frustration but with all due respect I think you're offside with your remarks.

If we haven't started drilling Dorothe before the end of June 2019 with no good reasoning then please vent away.

The last link you kindly put up was the IG interview. I've had a listen and I couldn't hear anything about Cotè d'Ivoire results. I did hear plenty I'd half disregarded so thanks for the reminder. I don't know about you but assuming the field campaign ran until May or June with samples packed off to the lab shortly after. Add in 6-8 weeks for processing time assuming no delays and that takes us to late August or early September. So I can only assume there's a hold up of some sort at the lab. Again, if we don't hear anything in the next month, time to question where they are.

I think it's fair to say the company has experienced challenges in 2018 but this is resource exploration, not everything will run to time all of the time. Investors need to show a degree of patience. Look at the GWMO RNS today. Count your lucky stars you don't have millions of those because they're good for one thing.......

It's about time we remember the positives:

•Promising first results on the lithium front and some mouthwatering areas with very exciting geophysic results to come.
•Potential multi-million deposit at Dorothe to be delineated with potentially many more millions of ounces at Kalaka. Interest from majors 4 months ago. 40km gold strike 100% owned. 40km!!!
•Intriguing areas in Cote d'Ivoire which I'm sure will be explored further in the coming months. New licences on application. Lithium prospectivity too.
•Bauxite and iron resources being maintained ready for when prices turn further in our favour.

Where would you have invested in the last 12 months and made good gains. What else were you looking at when you started buying IRR?

No rush ATG, I just want to corroborate those comments before I alter my opinion.

I consider it propaganda because that's what it is. You've chosen the highest point as far away as possible to make your point.

ATG - can you quote from an official announcement confirming Dorothe would be drilled this year? All the announcements I've seen point to a trenching programme during the 2017/18 field programme.

Again and albeit from a very brief scan, I'm struggling to find reference to a Ghana JORC estimate in 2018.

Which RNS are you referring to about the Cote d'Ivoire results? I took the following from the most recent update which doesn't imply there are further results to come,

"The Company is reviewing the next phase of work including possible trenching and drilling options [and a further announcement will be made in due course regarding such plans."

Please don't insult me with your 3p higher than 27 months ago propaganda. What would your argument have been in April 2017?

There are plenty of jam tomorrow companies on AIM and this isn't one of them. If you want an interview every other day go and buy some VRS.

This is more the market and its participants rather than the company for me, coupled with what was a obviously quite seriously over-heating in early 2017.

Show me another company that has made a significant discovery of minerals in a new country from the first area to be drilled, progressed what is potentially a globally significant area for gold, continued to get to grips with areas of interest in jurisidction number 3 and managed to do all of this with sound budgetary control. Then there's the expanded organisational structure, hires etc.

Eighteen months ago we were overvalued. A year ago we were fairly valued. Now we're a bargain again. That doesn't spell nightmare to me.

As much as I admire your nickname seathestars (what an animal he was) that logic is dangerous. It was possibly similar logic that led you to selling IRR at 3.5p (not too late to buy some back and enjoy the ride to £1+).

Good luck to all on ORR .

I don't have GPS on them Weetsie. I know there's a couple of conferences coming up but there are obviously still teams of staff on the ground, whether they be sub-contracted to AAME etc.

The progress will be continuous. It just doesn't happen overnight. Look at SOLG's Cascabel. They have drilled out the majority of one target and a few supporting drills at other targets but they have barely scratched the surface. The scale of Chad for example and the 4 areas of interest at Dorothe alone suggest exploration could be extremely rewarding for those who are patient.

I don't invest in IRR for excitement Weetsie. I invest for end game gains, which will come to anyone buying at this level.

The spread is much tighter than advertised but nobody wants to buy. 80%+ of the shares are tightly held and there's no crushing desire to frantically churn the free float, particularly when there are a few PIs with decent sized holdings. It's a recipe for a MM getting caught with their pants down.

It will come. Vince, Len, Iwan, Steve amd everyone else in country will see to this.

They are. I tested it because I suspected as much and was quoted 24.32 for peanuts.

Anyone with Twitter - check out the IRR hashtag - lots of good info going up at the moment from various researchers along with a considered technical view.

This is the time to accumulate here DBW and that's what some are doing.

News won't be far around the corner. It isn't unconceivable think we could have an update from any combination of the following:

Ghana
Chad
Cote d'Ivoire
Australia

The team is busy working away in Brisbane and in country. I expect the updates will be thorough and indicative of the progress being made.

After buying at 25?

You are aware AKGold thst, to use Qali's example, the share price would increase x 5 and your holding is divided by 5?

So for those holding 5 shares at 40p they will hold 1 share at £2 post consolidation.

Just my opinion but the boat has sailed and that's fine by me. SOLGs sister company IRR has a share register consisting of a significant institutional presence, it was a diluted share capital of c312m shares but the volumes traded are low compared to SOLG and so liquidity on both sides of the trade is often an issue.

I'd rather be in this position where there are enough shares sloshing around to make a market without undue manipulation..

Correct FTJNY.

It won't matter though IMO. BlackRock are aboard and other institutional investors like Willem Middlekoop's have positions. The register has institutionalised as Nick said it would a year or so ago.

To pull the consolidation point in, it's pointless now. We have a share price that equates to a realistic market cap and have shown thst were able to raise funds at a premium to that. The time to do a consolidation, had there been one, was when we were between 1 and 3p back in 2014/15 When we were doing smaller placings to drill Alpala with one or two rigs. Not now.

A strong start to next week TITE and there will be much hoopla-ing.

Mow your lawns, trim your bushes, clean your cars - the move upwards is about to begin.

That's a publication to ignore in my view SharketMare.

They have produced various stat driven pieces over the years without taking any account of the fundamental case, the company strategy and the shareholder register.

Look at other AIM companies that have debt. Death spiral arrangements and the like. No thank you. If circumstances dictate that the company needs a loan in the future I'm sure they will be able to make the necessary arrangements without destroying shareholder value.