Member Info for Carribean2029

Well I don't think you should panic Brig, it may be a false alarm...

Just for the believers....800 trade posted

Ok. Time for me to fess up.....
In my speed to buy another 50,000, I managed to sell 50,000
thankfully, broker desk, swapped it.
That's two little top ups today already.
GLA

Hi Alwaysone,
you need to go the FCA national storage mechanism and download it. Put Cobra into company name and search for october 2020.
Caribs

Hi Trek,
Same here. topping up all the way.
I completely agree - £40m mcap at 1m oz in reach.

Hi Richy
The key here is that this round of warrants pushes us to 65% ownership at Wudinna, if the cash is used for that, of course. Great news!

And Trek, great post
Cheers all

Hi guys,

Forgot about this, but have started (with a touch of wine) to re-appraise, objectively, our little future hole in the ground. Anyway, don’t forget we have a direct dial to Newcrest....this is 16.7 in the January prospectus.... I’ll read the two together in the morning on my laptop- iPhone don’t really work for me, even with my coke bottles on

Newcrest Royalty Deed
In 2017, the Newcrest Royalty Deed was entered into between Peninsula, Lady Alice Mines and Newcrest. Under the Newcrest Royalty Deed, Peninsula assigned to Lady Alice Mines its obligations under an original royalty deed dated 13 February 2002 between Newcrest and Andromeda Metals (previously Adelaide Exploration Limited and Adelaide Resources Limited). The Newcrest Royalty Deed provides for Lady Alice Mines and Peninsula to pay a 1.5% net smelter return royalty to Newcrest in respect of all gold and minerals sold at the Wudinna Project from tenements covered by Exploration Licences EL 6317, EL 5615, EL 5953 EL 6131 and EL 6001. The Newcrest Royalty Deed does not apply to the tenement covered by Exploration License EL 6262. Under the Newcrest Royalty Deed, Lady Alice Mines and Peninsula agree to pay the royalty in proportion to their participating interests in the Wudinna Project as contemplated under the Wudinna Agreement.

Hold until relieved! ;-)
All over this. Won’t talk it up. It’ll do it all on its own.
There’s no rush for me to see this bear fruit, cos when it does, I’ll be glad I kept my cool.
Good luck to all holders

Hi Richy
Yes; this is my take. I haven’t read prospectus yet

Charlie1984,
Read the issue of equity RNS back from the summer.
It is the follow on from that. It’s a regulatory requirement, not fluff.
The RNS is staying the publication of prospectus in relation to funds already raised through the CLN’s.
Not additional fluff as you state. I can see why you are mistaken, however, so no drama.
Drill results will come when they are good and ready and have been QC’d. It’s a 4-5 week process in the labs for starters. Drilling only started 4 weeks ago, and it takes time.
Patience is required at this stage. Fortune favours the brave

Quite right Brig,
I said this last week; LVG shares will be already placed, for the most part, and that leaves us PIs in the free float division. Haaappy days. It will all come out in the wash over the coming weeks.
Hold until relieved

This was announced at the last find raise; not news really at all. Those who read the RNS’s would know it’s on the cards. Those that research know it’s on the cards. All LTH’s have this calculated in for some months.

Hello shelly123,

I don’t wish to rogue a point. We have 211,000 ozs in the ground yet we are still valued at £6m mcap. I think that shows the value. I can’t say anymore than that.
I will, however, state that I didn’t say it wasn’t viable, but not really viable for a major player. If the 211,000 ozs were all in one little spot waiting to be plucked out with a small digger, then I’d consider rethinking. But these ozs are spread across the prospect.
As a comparative, MNRG are just acquiring 390,000 ozs in open pit table conditions which can be mined with 12-18 months and this is valued at $23.5m.
Another key indicator is that andromeda metals are happy to relinquish 75% of their interest (which already has a jorc) in this prospect for £6m.
I’m a stark realist. And I hold near on 2m shares here, so I know and (hope, like many others) it’s likely upside will be. I’m not downplaying it, but rather, I like to think, playing it cool. Happy to be proved wrong.

If I may just put in 2p.....
I'll come to the IOCG shortly, but that aside, the initial target here is 1million ozs, that's a further 889,000 ozs and change over and above what we already have JORC'd in the ground. Putting that into context, the 211,000 ozs are just not really viable for a potential major player to be interested in, including COBR. It's not really got any attraction. But, the value of a couple of hundred thousand ozs could be in the region of £10m mcap, on a oz for oz basis. If we are able to prove up 1million ozs, then we could see an mcap of upwards of £40million with a decent Pre-feasability report. After all, 1million oz of gold is worth approximately $2billion. So our target for now is to get to a resource of 1m oz, and given the nature of the area, transport links etc, an mcap of £40m is not unexpected at all, given that 1m ozs is proved-up.
But, with IOCG, well that's completely different. If there is an IOCG of any decent scale, then this would mean a farm-in at the very least. Given that they are not common, but at the same time, the pathfinder results at Grace have shown highly anomylous molybdenum, then at the very least, we will be seeking to push for a response to the ADI funding. My guess is that some of the drill work (some 3250m) that is not yet plotted in, will likely be used to determine more credence to the suspicion of an IOCG target and this may be why we have not had a response......it could be that we were required to submit more data for this to proceed, (We are clearly not party to the commercially sensitive documents that CM would have submitted to the SA government).
So if, and its a big if, we get to find an IOCG of any scale, then we are looking at a 20-40 bagger easily. But it isn't really the core here as a million ozs will do quite nicely for now anyway....
All Opinion and speculation based on what data is available to all.

That’s focus and conviction. Nothing wrong with that! I’ve built a very nice 3m+ holding here. And the pain of seeing front end numbers disappear is excruciating. Still, I plod on in dear old Dorset, God’s county, relying on A N Other BOD to deliver a result at my expectations over the medium/long term.
I had full sun today at times; beautiful! Impressive moonscape around 8:30pm. Oh, and Mnrg held it together....what more could one want?

I stand corrected.
I was in swanage today and thought I saw the Marie Celeste out at sea....turns out it was the MNRG BB!
A very quiet day....

Expecting delayed trades to come through now

I guess you need to look at the trades since RNS dropped.
That’s the indication of sentiment. Buys, like mine, are both long and short term reflections of peoples’ expectations. I doubt anyone would be buying just below 1p if they didn’t think it would go up. This, to be frank, is obvious.
The sells are votes for those who think it will go down, which is the converse of the buy sentiment.
One needs to do own research and then make judgement with all available information. Asking someone on this board is not taking responsibility for your own decisions, or it can be seen that way.
Sorry if this comes across as harsh; it’s not intended that way, but can see it might be so interpreted.
Good luck

Phoebus
May I be the first to congratulate you on your ‘Rodney, you plonker’ award.
FairPlay for ‘fessing up. We all make plonkers occasionally. No drama. Thanks for making me write an essay..... ;-()

Hi Alwaysone
I first entered a 1.56 in May, I think. Been topping up all way. Bought another 100k today across PP, SSAS and isa
Dips like this are good days. Just use slices off my gains from PRE