Member Info for C1p2D

* daily, not fault...

Not bothered about the spread at this level, only of interest to traders looking for their fault % slice

once we start producing our own gold things will re-rate, I'll worry about the spread when we are in whole pennies instead of fractions

Start of the journey

Anecdotes, jokes or yarns to fill the next 3 months of radio silence?

Brave browser - zero ads or pop-ups on any site

Wonder how many late reported trades we'll see Monday morning...

Is still sleeping on this...

Hey what you're saying, but at the same time haddock, I know what a cubic metre looks like, I can easily work out how many M3 I can get in the back of a truck.

Much easier to visualise what a 230m strike can deliver if we're working in M3

Also, as they say bcm is the appropriate term when talking alluvial ( apparently, not that I know jack about that!)

Just bought into this,

reading through the rns history - unless I've missed something, this looks like a bargain for a long term hold

That this turd is still floating

Almost magical how it turned £1k into £3.50

How the market interprets this

On the one hand - you don't build a road for no reason

But will this drift short term as the traders vent their frustrations?

Place your bets -8am red or blue...?

Maths Indeed.

Once we are revenue generating the maths can't be argued with.

Explorer to producer - how many explorers actually manage that.

And not just one site, once raglan is done BM will stand ready to go soon too...

Feels things are slotting into place nicely

Taking this as an indicator that Raglan must be very close to the line...

I think we'll definitely get a bump from getting the purchase done, but for me the real one will be the first production RNS - cold hard cash coming in.

"There can be no certainty that final binding terms will be agreed in order to complete the Proposed Acquisition, nor as to the timing or final terms, value or conditions of the Proposed Acquisition. Further updates will be provided in due course"

Notwithstanding the above, moving to production is transformational change.

The story is becoming quite compelling here, production at one site hopefully imminent (relatively), a second site lined up for license and shallow production, one JV progressing and now another in initial discussion.

Then assays from untouched Lolworth.

Jfc, sounds almost rampy...

"A Creswick JV was discussed and ramped over 5 years ago now"

Indeed it was.

This time though we have a name and a signed Mou instead of " phones ringing off the hook"

I've been a heavy skeptic at times over the last 14(!) years

But there's just too many things falling into place now.

Lolworth - visible silver mineralisation

BM - visible coarse gold, mining licence appn. In Q4

Raglan - comes with $1.2m tax losses, literally ready to go

Creswick - JV

I missed that little $1.2m tax losses first time round.

Also, there are very few new silver discoveries happening at a time when silver is in a massive (and growing) deficit.

"Still all a pipe dream until they get the first commercial scale mining going and a jam jar full of gold."

Well d'uh

That's the same for every single explorer

Or every biotech that's got a promising prospect that is in R&D

The analogies could go on

That's why people invest in AIM

At those point, you're scratching around

Ducks lining up.

License application - Q4 '25

Raglan acquisition - Q4 '25

Lol worth - drilled, gold and silver (Silver could be the wild card, it's going higher)

BM - 400 (!) holes drilled

Other explorers are exploring, raising, exploring some more.

We on the other hand, within let's say, conservatively, 12 months, will have produced gold.

0.22 on the ask...

Tbh, I'll be happy if there's a placing and a retrace - it'll be a short term dip to load up before it heads north again

Not sure it's " a long way off" - let's see.

In the scheme of things it's a relatively small application, hopefully straightforward.