Member Info for ChameleonMan

Even Stephens now after a couple of big buys! Any significance to be read into the 222,222 trade?

Update out today: http://www.alararesources.com/irm/PDF/2520_0/JuneQuarterActivitiesandCashflowReport Alara as we know have their licence and the update reminds us that general statements made by Omangov are totally supportive of wider copper development in Oman. It WILL happen and SOON! Anything under the 9p oversubscribed placement is a great buying opportunity for retail investors. Commodities are currently suffering from dollar strength but that could change very quickly. Time to be greedy?

“Anyone care to explain ANY SELLING AT ALL?” I reduced my holding by 50% in July in anticipation of an expected hit to the SP today. I have to say it was not easy to sell - GDP has become very illiquid with few buyers about. I have some hopes for recovery but the KP gold mine is a dead weight. When I invested originally it was a debt-free, profitable, dividend-paying company doing good recycling work. KP was a vanity project which should never have been considered. Expansion of the processing plant is fine but only if sufficient raw materials can be sourced and in spite of efforts nothing significant has emerged outside Africa. If ever there were a case of the need for keeping it small and simple, this is it.

Its not impossible that both licences, like long-awaited buses, could arrive together?

... I’ve been musing on here over the last couple of years about a “scalextric” solution to recharging EVs. Looks like wireless inductive charging drawing power from the road itself actually works! Could be a game- changer and ideal for toll roads? https://www.rac.co.uk/drive/news/motoring-news/electric-cars-could-be-charged-on-scalextric-style-roads/

......and this is a conversion of cash to owning mining assets on the balance sheet, not a cost of doing business from the P&L.

12/2/18. RNS detailing the continued growth of Grandeo -SP 6.1p 26/2/18. RNS detailing 200% increase - SP 6.4p 25/4/18. RNS detailing the continued growth of Grandeo 5.2p 02/5/18. RNS detailing 52% upgrade in resource (held under the instalment wire perhaps?) - SP 6.3p 26/7/18. RNS detailing the continued growth of Grandeo -SP 9.3p ??/?/18. RNS ..............SP 11.2p ? Taking bets now!

Just had £5k’s worth @ £0.682.

More data for the feasibility study. All adds to the value.

Meanwhile Alara report progress with financing and contracting in Oman this morning..

and a trading update for the year to end of June?

... due about now?

Well it’s Renaissance Day in Oman and a good day to release news on a new mining licence perhaps?

Highlights to me the benefit of a low Capex Li project. Iceberg’s recent SAV vs BCN blog showed that BCN needs 4x the Capex of SAV. I had planned to put a lot more in here today if the funding emerged but as it stands SAV has by far the easier route to production in the same timescale.

...at BCN today with the major fundraising cancelled due to the “ volatile of commodity markets”. There may be lessons to learn for SAV when it comes to raising major funds? Certainly pleased my investment is in SAV not BCN this morning!

Well then he only needs £600k. No need to bother the bank manager, he could phone Quick Quid!

That should be a quick conversation with the bank manager? “Can I borrow £1.2 million to buy 20 million shares in my own company and pay you back with interest next month? Just need to sell ~13 million shares @ 9p to repay the loan!”

Was it Bergen?

Who were those shysters we placed shares with a few years ago who proceeded to flip the entire lot? Have they come back again in the recent fundraising?

With sentiment so low on Oman it suggests It is not already baked into the SP so if/when it does arrive, there will be plenty of upside potential?