Member Info for CoolMax

This is very disappointing performance, people waiting almost 8 months for permit and now nothing

This is getting held back, time for a rerate

Today's RNS repeats several key points:

"No upfront funding is required from the Project Owners."

"MEGA will be providing all of the funding for the operation."

"MEGA will also provide geological and engineering services."

"Grant of Mining Lease meets a key condition precedent."

Under the MEGA Resources agreement:

MEGA funds 100% of development and mining costs

MEGA funds 100% of haulage, processing, approvals, engineering

MEGA funds 100% of ancillary costs

Oracle pays £0

Oracle receives 10% of total project profit

This is not marketing spin — it’s contractually binding.

So NO placing is required to build the mine.

That’s why the RNS repeatedly says:

“No upfront funding is required from the Project Owners.”

And MEGA has even bought shares in Riversgold, strengthening the JV.

So the market is not waiting for a placing to fund the mine.

Big buys landing again — love to see it. These levels are a steal. AIM is holding it back for now, but ORCP won’t stay down forever.

Stock Maiden, you’ve been posting the same narrative for months now — doom, gloom, apocalypse. We get it. But let’s be honest for a second.

If this is such a “dead stock”, why are you still here posting daily essays? What price are you actually stuck at? Or did you panic-sell at a huge loss and now want everyone else to follow you out?

Yes, the SP went from £2 to 1.3p — everyone can see that. That’s exactly why it’s speculative now. High risk, high reward. Nobody sensible is pretending this is BP paying a steady dividend. Comparing it to BP is like comparing a junior explorer to a supermarket — completely different risk profiles.

So here’s the simple question:

Are you genuinely analysing risk, or are you just trying to justify your own exit?

If you believe it’s finished, fair enough, invest elsewhere. But constant negativity without position disclosure looks like someone with an agenda.

Every time the share tries to climb, a big seller knocks it down. What's going on? When are these sellers getting exhausted

We need more updates from the current Rig in place and results to get a clearer picture. The PR and communications efforts currently don't seem to be one of the company's strongest points.

Important Milestone for Mega Joining:

Why the MEGA / BGR deal matters

🔑 Zero funding risk (huge for AIM)

100% capex + opex funded by MEGA/BGR

No dilution

No debt

No “we need £5m at a discount” RNS

For AIM juniors, this is gold dust.

Economics: don’t overthink the 50/50 split

Yes, Riversgold only keeps 50% of profits.

But:

They pay nothing upfront

They retain 80% ownership

They get exposure to cashflow instead of perpetual drilling

This is a risk-transfer deal, not a value giveaway.

Strategic significance

MEGA isn’t a promo partner — they’re an operating contractor

They don’t sign deals unless:

Mining is technically feasible

Grades + strip make sense

There’s a realistic path to cashflow

This is soft validation that Northern Zone can be mined.

How this fits Riversgold’s broader story

This agreement:

Turns Northern Zone from “exploration asset” → development option

Buys Riversgold time and credibility

Lets drilling focus on:

Grade control

Extensions

De-risking the wider 600m system

Importantly:

They are trying to skip the most dilutive phase of junior mining.

Amazing achievement:

Near-term catalysts

- Economic study / PEA on Pepas

- Permitting progress (now justified by MRE)

- Exploration upside at:

- El Cedro porphyry

- Southern porphyry system

- Argentine drill assays (El Pantano)

Market perception shift

OMI is no longer:

“Interesting explorer with good drill hits”

It is now:

+ High-grade gold developer with defined ounces

Bottom line

- Not a monster 1Moz discovery

++ High-grade, de-risked, economically credible gold project

++ Exactly the kind of MRE institutions do take it seriously

SM Gold is not drifting down, it's consolidating and will resume its uptrend. Orcp is not following POG, if it did it would be close to 5p

That's a huge drop, you must be very happy now S Maiden, it's beaten your own target, go and celebrate and leave the genuine investors in peace

The problem with the UK AIM is that there are too many criminals involved, manipulation and shorters exploit this illicit market.

It seems like StockMaiden created two accounts—one to recommend their own posts. Come on, give it a rest and move on.

They continue to impress:

The key takeaway is that the latest drilling has confirmed continuity of shallow oxide gold across the previously undrilled central saddle area, effectively linking the eastern and western mineralised zones into a much larger, coherent mineralised system. This continuity is being achieved while maintaining strong shallow grades, including 8m @ 5.81 g/t Au, materially strengthening the open-pit mining case and de-risking the project ahead of mine planning and a future maiden resource estimate.

Important Highlights:

+ Gold mineralisation continues to expand the north-eastern zone and successfully infills the central saddle area

+ Recent significant results, in addition to previously announced high-grade intercepts, include:

- 4m @ 4.09 g/t Au from 54m (NZAC174)

- 1m @ 4.15 g/t Au from 46m (NZAC174)

- 1m @ 4.82 g/t Au from 43m (NZAC178)

- 8m @ 1.23 g/t Au from 44m (NZAC188)

Central “Saddle” Infill – Why It Matters

The drilling has confirmed continuity across the previously undrilled central saddle zone, effectively connecting the eastern and western mineralised areas. This reduces the risk of patchy mineralisation and significantly improves the likelihood of defining a coherent open-pit shell.

Project Characteristics Supporting Mining

✅ Shallow (mostly 40–60m)

✅ Oxide gold

✅ No water to 60m

✅ Porphyry-hosted with high background gold

✅ Suitable for low-cost open-pit starter mining

Bottom Line

+ Continuity has now been demonstrated across the central saddle

+ The shallow oxide gold system is modelling as ~600m wide

+ Strong shallow grades are being maintained, including 8m @ 5.81 g/t

+ Geological risk continues to reduce as the project advances toward mine planning and a future maiden MRE

Gold is slipping, Riversgold is following, and some news would be very welcome right now as the company remains quiet.

The biggest weakness in this company is the lack of keeping their promises and providing news; their PR campaign is invisible, as a result, it will be punished by the market. Hope they can provide something soon while the shining metal keeps breaking new highs.

Gold is staging higher and higher over the last few days, Riversgold has taken a slight dive, market is eagerly awaiting overdue results.

No good if you're not doing anything, Mr David, better bring some news while it is moving

This Stock M guy is completely nuts, he is constantly spouting the same rubbish (copy and paste), early morning to late at night. You have to ask if he is not invested, why this constant drivel? is he getting paid for this or had a bad experience from this company? Nonetheless, it does not explain his crazy actions daily. He should wise up and invest before this shoots up in a silly way.

"Gold is skyrocketing, and yet it seems to be in a deep sleep. While the precious metal surges, there's still no update from Mr. David and the team. The market is waiting; they need to release something soon. Come on, ORCP!