Member Info for Dan1605

For those to think these "traders" are making money, they not!

15-May-24 08:13:44 0.277 1,079,281 Buy* 0.26 0.28 2,990 O 

15-May-24 08:13:25 0.274 1,319,243 Buy* 0.26 0.28 3,615 O 

03-Jun-24 09:37:44 0.2779 1,079,281 Sell* 0.27 0.30 2,999 O

03-Jun-24 09:37:32 0.2775 1,319,243 Sell* 0.27 0.30 3,661 O

Don't soft you fool. Extraction are holding millions at 0.80, do you think AK is going to let that happen?

Their efforts at Davey Road/ KH have paid off imo. There's not enough gold to get any third party excited but it would support a small scale operation. Generating revenue is key to funding future drills. I feel we may get to the end of the year with a handful of sample assays and the begging bowl. The fact that we have an opportunity to potentially create some revenue should value the company considerably higher. Whether small scale of not, we have a route to be becoming a producer.

Very quiet here considering we're heading towards a RTO. Major holders are silently increasing in the background.

For those that believe...we have broken the 20 day MA for the first time since 25th April.

Xenon129, a very blinkered view imo. There are very few, if anybody invested here who is in profit. Most have averages well over 3p (the price was 3.7 when it collapsed) so why would there be an influx of flippers at 1p. Even with 1p shares, most here will still have averages over 2p, at the very minimum. Market mechanics!

I was just about to ask what the chart is telling us, you say it's moving towards the "idea" but what is the idea? I don't want to come across as patronising but there are multiple scenarios showing within that chart.

Nobody is going to buy at this point, 5 weeks into testing doesn't sit right.

Ah that old Chestnut!. I also remember CB saying that they would release an RNS per week at one point and from memory, that turned out to be an RNS every 3 months.

That's what I thought. If the testing had started then why not say, it's not price sensitive. 8 months to drill and test two shallow well is a shambles, Sononagol have shown themselves to be incompetent.

I've received a reply from the company this morning, a basic, generic reply stating that they couldn't give any information outside the official channels. Interestingly that's not what I asked, I asked if the company could update the market on whether testing of TO13 had commenced. Make of that what you will.

Lsetown - the buys at 1.35 were on the open market and 52wk high.

SJ under AIM rule 9, the offer could be no less the highest price paid in the preceding 12 months which is about 1.35p. I'd take that.

Cheers Rock, not holding my breath because I've tried before. This has all the hallmarks of being taken private, I just hope the price is right and it's quick. We have a board whom are not used to answering to shareholders and I believe they don't want to.

I have emailed the company this morning for clarification on both the Mambre sale and testing of TO-13. I'm not hopeful of a reply but will post here if I do.

We don't know when it started Rocklawn or if it's even started. Comms have been diabolical and I wouldn't be surprised if the RNS to say "delays with Nitrogen". We could be a week in, we could be 4 weeks in, we just don't know.

I think most of us are here for 1p BH. There is no reason why this can't hit a £20-25mcap and I'm sure it will however they need a plan and at the moment this "multiple swings of the bat" strategy is just another term for the old scattergun approach. They have just found a potential small scale operation in Creswick so why not develop it? Instead we're hearing "there are no guarantees there will ever be mine in Creswick" Really!? They also need to stop the "no guarantees". In my 20 year career I've never heard those words come from board level and I've worked closely with a few. On a positive note they have done a great job so far, they are determined and working their balls off which is all we can ask, however this can be counterproductive if they don't have a plan. Lolworth will be the company maker imo but we should take advantage of any opportunity to generate some revenue in the meantime.

The problem is BH the next 6 moths will go pretty quickly and when you think it's taking 3 months to get results back from the lab they need to find something substantial and fast. 0.65 by June is extremely unlikely, all we'll have a is a handful of samples. The mcap will hit 20-25 at some point but not until they get the drill over to lolworth imo.

Cheers Sniper, good to get your thoughts. Believe me I would not be holding this had Ext not taken that PUT agreement. This drill is now a pure punt but when you see those on the right side of the fence paying a hefty premium it's hard to ignore. I'm sure it will all come out in the wash. ATB.

Take 2!

The AIM/Junior main markets are dead Sniper, volumes are low and the MM still have to make a profit. I've been around for 18 years and I've never seen conditions and sentiment as bad, this is not a place for investment. What we have is a handful of punters who are happy to take 10% to cover their Friday fish and chips, very few, if any are valued at their worth so taking about what the MM are doing isn't a great barometer.

As for what the company has achieved, sod all. I only came on board in November and there wasn't a chance I was getting involved with SK running the show, mentored but the infamous Andrew Bell. It's time to let the new board have a shot, they've not had long and they've already steadied the ship. The drill has been a shower, I won't defend that.