Member Info for Crossthetea

Shall we finally see the unpopular board members buy in on the free market?

Oof, 6M notes against reelection of Cliff, double last year. Growing dissent in the ranks chaps, wonder if there will be a reaction.

That's what I'm asking for, also.

Limping is right that it is doubtful a post on a message board would influence market sentiment, I just want to know if I should double down on this one now (rumour gambler) or wait until results (data sensible). At the moment stakes are too high for a gamble imo.

For sure. If the university reports a 315kOz BGold Molly resource at a conference like that, it would have significant market implications and definitely disclosure litigation, unless it is disclosed before the time of course.

Well if it is true then UPFP have seen something that JAN is not permitted to report on yet. Did you hear of anything? Quite an exciting scoop if it holds up!

Wishful thinking though, just let it die there as I cannot find any tangible proof! Imagine the consequences if they do present that at 52CBG.

It came from an academic group, a student at UPFP is preparing a report on work with Eldorado for 52CBG and the poster presentation showed gold resource of 315k at Molly owned by BGold, though I know Molly was recently bought by JAN. It is presumbmission.

Haha, I know, I was hoping someone else here could corroborate. Mark it up to wishful thinking and let it die on WhatsApp.

There's a WhatsApp Rumour going round that pre-release JAN results from Molly push the company resource past 500k, looking for corroboration.

Surely that puts them on the JV radar for the local established miners?

It would be a failed raise if Cliff tries it and he knows that. The naive view is that the BoD has £30M of the NAV not accounted for in the MCap so has this to draw down on for dividends, OpEx and new acquisitions.

The mature view is that Cliff has to start beating the drum to raise the SP above 8p with a planned realistic roadmap to increase the MCap further before considering a raise.

It's just business, easy peasy.

But who would fund that? Especially where the SP is only a few months after the 8p placing. Only a fool would participate, Cliff must know this.

The is no placing coming, there is no drag down, only a bored market waiting for a rerate to the NAV and for the BoD to deliver on their dividend promise.

Nope, fair value MCap for the current resource is roughly £15M. They need JORC, a few deals and increased resource to push it higher. Still undervalued ATM though

The SpaceX IPO will be great for tech stocks, I wonder if the GDNT brokers also feel we are approaching the right time to launch.

Keep at it Wozzer, don't let them grind you down.

Also, I'm predicting a buy out if the GDNT IPO goes well. Maybe that's the real reason for the delay, to give TEK time to set a defence?

I'm waiting for the integration of GDNT tech into the SpaceX platform transporters. Could be a while though.

Bear in mind that we also have Serabi on our doorstep, who have already worked out how to mine the area so a partnership is inevitable imo. Even if they take 50% it will still make JAN a 50M company. With money coming in from the warrants reducing scale of future raises, there is a potentially 3-4 bagger at these levels.

Only around 200k 1p warrants left so the wash is nearly over.

Feeling a bit pessimistic? I can comfort you by advising that you're wrong on most of your points but at least your sums for one vein is ok. Latest data shows the system is expanding and indicates active fluids across a broader framework, and the parallel Molly 2 discovery suggests a multi-vein corridor. The geology is cooperating and expanding laterally. Not saying it will be easy to get out of the ground, but not as difficult as you might think.

Also bear in mind the strikes show significant polymetallics, indicating more value per tonne than expected as we are gold focussed otherwise. Pretty big discovery that is developing into quite an opportunity.

Great showcase opportunity for Guidant. Decision makers will obviously see the service in demonstration as necessary for risk control

Patiently waiting for the inevitable (imo) Serabi partnership announcement, myself.

If they don't have the cash then they will refinance or pay in shares and issue warrants. Tek would probably take the latter to protect it's NAV to be fair.