Let's hope Bill is winging his way back from Mexico with positive news on a JV deal and permission to start some drilling/sampling. So much potential on all fronts, not forgetting the Windfield Iron Ore projects. ATB
The deal is... Will Greta Thunberg and David Attenborough put a 'spanner in the works' as the Antarctic is regarded as the last bastion of unexploited area on our planet?... Or will the 'treehuggers' eventually realise that life as they know it (in the 21st century) will cease to exist if we stop producing hydrocarbons... No more medicines, plastics, phones, shampoo, even lipstick... ATB Holders..
Right folks, don't panic sell. The MM's are all over this, the SP has been suppressed since the 'spike'. They are driving the SP down to gather shares as they know when the next RNS is released they won't be caught with their pants down again. The next RNS I imagine will be the agreement on a processing plant for the gold mines, once in production rapid RNS's will follow as the cash "monetisation" from the mines will fund the 'other' projects O&G etc... IMO the SP will rocket very soon and there will be no stopping it. So the deal is (even if the MM's bring the SP lower - even to 0.25 - the SP will bounce back and beyond very quickly) hold on to your shares and don't sell for a paltry 10%, 5% or even a loss. ATB.
News on the process plant this week20 Jan 2020 13:17
Expecting news on the process plant this week.
“Detailed review of the sampling results confirmed viable 1.74g/t recoverable gold from a specific waste dump outside level 6, the specific waste dump is made up of 2,753 tonnes containing 4,785.39 grams of gold. As previously reported, the Company has been in the process of identifying a processing plant that will take the waste and process it; negotiations with two plants, both in close proximity to the Gold Ridge Project area, have commenced and are being progressed.”
Don't get me wrong, I'm heavily invested here. But FFS you would think after 6 months of 'head scratchin' they might have came up with a better idea of getting 'quick cash' other than stating more drilling and assessing then "blending" with the waste dump...
Since going public.. I wouldn't be surprised if some enterpriseing Mexican miner (as they do have previous) isn't currently tunnelling in to... or even driving his 2CV to the site and filling his boot with our loot..! ATB holders..
If you look at the time/date and compare it with buys/sells.... Unfortunately it looks like a sell, hence the SP dropping after 11:09 on the 9th. Probably wondering why basically the same two RNS's were submitted - apart from an additional couple of 'key phrases': Gold Ridge: "if feasible" ..( if feasible develop the mines substantial exploration upside via the monetisation of waste left behind.)
Romanian O&G: "could".. (the transaction could, based on current operational assumptions, meet our investment criteria).
As previously reported, the Company has been in the process of identifying a processing plant that will take the waste and process it; negotiations with two plants, both in close proximity to the Gold Ridge Project area, have commenced and are being progressed. Our review suggests that the most economical approach to secure the highest possible return on the ore within the waste dump is to blend it with high grade ore from the pillars, as a result we have integrated this approach into our overall plans for the Gold Ridge Project and plan to process ore from the vein at level 6 and the waste dump outside level 6 at the same time.
Rolf Gerritsen, CEO of MetalNRG commented "I am very excited by the next phase of work. When we bought the Gold Ridge Project from Winston we had worked on certain operational assumptions and were keen to assess and if feasible develop the mines substantial exploration upside via the monetisation of waste left behind. We are now at a stage where we can turn this opportunity into reality. I look forward to updating the market as we make further progress in Arizona." ATB
Gold Ridge: As reported on 28th November 2019, our priority focus will be the last mined face on Level 6 at the Gold Ridge Mine. The sample from that area returned 30.4 grams/tonne (g/t) gold (Au) and 69 g/t silver. The face shows the exposed vein with a width of 0.6 metres on a mined face of 1.3 metres and consists of quartz with massive sulphide mineralisation.
Detailed review of the sampling results confirmed viable 1.74g/t recoverable gold from a specific waste dump outside level 6, the specific waste dump is made up of 2,753 tonnes containing 4,785.39 grams of gold. ATB
“#MNRG high grade / early revenue Arizona Gold Ridge news imminent plus update due on Oil in Romania ?? Block buyer knows something & has been busy accumulating over these last few wks. Can see recent highs tested soon 1p+ Imo 2020 will be a game-changing yr for this small-cap” ATB
Damn, wasn't expecting that today,.... Sold half of my holding last week for LOGP hoping to cash-in and pump back in before news.. Doh... That will teach me. Was in pointless office meetings all day.. Grrr.. . Saving grace is that I still have half at 2.98 so will have to quickly build up again to try and keep my average low..ish as I can't see the SP dropping now we have momentum. ATB