Member Info for Dave85

Just seen the great news today re urbanism license. My original idea here (posted 04/02/2020) was that at some point there will be too much money to be made for this (future) U mine to be left unproductive and that with the uranium price rise I expected H2 2020 (actually seemingly accelerated somewhat by covid) wheels would be greased here, attitudes swing, and things get done.

Apparently it seems to be happening, so averaged up some today and paid almost 3x original buy in/share. Even now tho, its far lower than the low 40's when I first began to consider building a stake.

The scale of this project, the progressive derisking (which appears now to be achieveing some momentum) the significance to European supply and European (realistic near term producer) side to U pf diversify, mean I'm happy to pay what is currently asked.

Still hurdles but progress is improving.

AIMO ATB

Bit of background I found useful in timing of position size.

Craig Hemke - specialist
https://m.youtube.com/watch?v=9EOPKizJ_Y4

Eric sprott - specialist
https://youtu.be/qs4j2MfziOQ

Ray Dalio - non specialist - the key
https://youtu.be/KWlu2nSLhxQ

AIMO GLA

2/2

Kefi is capitalised at a level which means, should funding for TK go forward as planned in Oct, lack of exposure to kefi creates an outweighed risk to the upside - more to 'miss out on' by not being invested now and Oct happening compared to 'lose' if invested and Oct does not.

Imaging Oct funding close happens as planned - it will transform kefi (note this BB doesn't really debate this) if not invested then i'd have to pay more.

Opposingly, considering any existing investment, if Oct is delayed as some suggest - it will be a negetive and the sp will likely suffer. However the sp will not go to zero - SA assets and possibility of delayed completion of TK funding.

Not to mention between now and Oct Hawiah news may have bagged the sp anyway so a 50% drop on funding delay may just bring sp back to here.

Dilution risk is real and HAA is very upfront on this, however, the macro and micro fundamentals presently suggest dillution would be at higher sp compared to the last raise.

Also every day new investors are now beginning to look at the sector some will find and like kefi, demand for shares will likely rise along with liquidity, volume and sp. Once mcap reaches around 50m more institutions will enter the mix and their hands are generally stickier.

I'm no expert but do stand by my reasoning in this and previous postings here and elsewhere.

Im ignoring the minutiae and remembering the gold bull market, the present capitalisation, the state of advancement, the impending exploration newsflow and heat and fresh participants entering the sector.

I just think its now best to let the sector do a lot of the work, its going to get a lot easier now and Harry knows it.

This guy is an expert……

https://www.youtube.com/watch?v=J8brZ_whqy0&t=17s

AIMO ATB

1/2

I have just read through each of this weeks posts...a lengthy undertaking. Just noted PP post and it definately stood out - many thanks for your thoughts.

I believe...

the frequency of a posters contributions normally strongly correlates with....

Their level of ambition towards shifting sentiment in order to influence demand in order to move price, whether it be for entry/exit either invested long/short or paid to post.

&

The size of financial interest 'they' directly or indirectly have or plan to have invested relative to 'their' net worth.

I think....

the best posters to take note of, post about a companies present situation (along with well reasoned predictions) in context of the current and consensus (or otherwise well reasoned) future market as those are the only relevant considerations. Management history is important to consider but that consideration should include contemporaneous market context.

This is my 4th kefi post my 3rd was on 17/04/2020 with sp sub 0.8p, so far it seems to be happening.

My view here is keep it simple. The precious metals market has just this last week or two been thrust into the spot light - POG all time high. For years the knowledgeable and interested participants have been trading amongst themselves - a kind of zero sum gain. That has only just significantly changed. It will take time for new people to learn about the sector and the companies involved - as such we (posters here) are the lucky ones and have a head start.

Ive read up on kefi, watched the interviews with HAA, read the BB but proportioned my level of consideration of each and every post relative to an analysis of the poster and their history, formed a view on the POG and attempted to understand the value implications for kefi. I have had a holding since 2017 and now hold >1.3m shares.

I think the basics are all that most market participants (supply/demand for shares) will have, yes there will be experts but I ask myself how many altruistic experts would spend so much time talking about (up/down - not bothered) a particular stock at this time in a PM bull market. I would suggest the opportunity cost for them (if truely acting altruistically) would be very high and that such people would be acting, arguably, quite irrationally.

For me the basics are.

Kefi has significant existing resources with upside exploration potential (TK and JQ) in two jurisdictions (reducing county risk).

Kefi has significant copper explorarion exposure via Hawiah (reducing commodity risk).

Kefi has significant gold exposure and gold is in a bull market with POG at all time nominal highs.

Kefi is close to/approaching one of the most value accretive sweet spots on the lessonde curve - transition from explorer/developer to producer.

AIMO

My first ever ten bagger and just less than 13 month hold.

Strange that with gold at all time highs it has come from one of the very few none natural resourse sector stocks I hold.

Doesn't seem, beyond reasonable to see 1 pound a share in year/s to come if they continue at this pace and success.

Have sold some this morning tho, just to make at least some of the gains actual.

@phermic, turns out long term hold stratergy worked out 4me.

AIMO ATB

Thanks MKumar

Just click the name of a poster to view their previous posts.

I my case it provides insight into the other companies I'm invested in (very rarely do I comment on something I don't hold).

In general I feel a lot can be gleemed by the longevity, consistency and reasoning of/within a posters posting history.

I personally post mainly to provide an uneditable record of my investing rationale to identify good and bad decisions in hindsight as well as providing a condensed link/info storage facility for the snippets I think most useful.

AIMO ATB

It is taking a while but I think people are now starting to realise...

Excerpt of my last post here from 28/11/2019

"It will take time for the below to occur

1. People to realise there is a real precious metals bull market emerging out of summer 2019 that is based on inescapable fiat currency management flaws that seem to escalate by the quarter.

2. People to realise what this translates into in respect to the cyclical value within junior PM mining stocks.

3. Realisation that holding these junior miners long term (over multiple 6 months periods, consecutively) can actually be a profitable strategy, in fact, it is likely the easiest and most consistently profitable strategy assuming an ok entry into an ok company (my post 0639 18/10/19)."

Todays placing price is a great improvement and the timing from mgmt is very sensible.

To have not taken the opportunity for a CR in this market (gold at all time highs (excluding inflation - in cpi terms around 2600usd/oz)) could have been reasonably marked down as a likely mgmt oversight should the PM market heat subside, even slightly, in the near term.

This was absolutely the right thing at the right time and the price achieved is good, I remember buying 'recently' just above a placing at 0.3p, todays announcement represents relatively very cheap money raised at a 440% premium.

The deep holes are what have got me most excited with rock. The scale of the land holdings and their other projects look to have great potential too.

I am also highly congnisnt of a statement DP made in relation to the low grades over very large intercepts from shallow depths. The upside potential over the next 2 to 5 years in gold price, imo, may overturn his thoughts (at that time) which were along the lines of.... nobody is suggesting these grades are economic.

AIMO ATB

Great news on mining permit grant, have held small amount here for years now but always considered it a strong project. Also lth of tym interesting trading dynamic between the two at times this year. Only hold small amount here but looks likely to be increases in sp from now so hopefully just sit tight and extend current paper profits for another good while.

AIMO ATB

Indeed it would be nice. What I was trying to say was that my understanding of...

“Additional drilling along a 7.5-km strike length of the websteritc has indicated that the main mineralized layer generally occurs within 20 m of the ultramafic-gabbroic zone contact, although minor PdCu-Ni enrichment (e.g., 2 m @ 800 ppb Pd, 60 ppb Pt in DDH MM1) is present 45 m below the contact”

....is that the Ferguson reef generally occurs within 20m of the geologic contact but that drilling (pre dating this 1989 paper) had already demonstrated the presence of subordinate, at least, secondary Palladium enrichment around 25m below that zone.

For me the question is more how much is there, how consistent, economic etc, rather than if its even there based on the above. Obviously just my opinion - quite possibly flawed.

In terms of grade and size that is of course where the drilling etc will help but 800ppb (if turns out to be representative at scale) is not bad as a bonus to an already great orebody. In terms of some of what Im aware of the Pd grade fits nicely between....

these

https://www.lse.co.uk/rns/JAN/jangada-mines-plc-117-increase-in-jorc-resource-at-pedra-branca--hms8rtxj2um3h5v.html

and these

https://www.lse.co.uk/rns/URU/significant-pge-drill-results-at-zebediela-eu9637xdyy9w8lm.html

Corrections welcome as usual.

AIMO ATB

* 800ppb = 0.8g/t

Apols if this already mentioned or superceeded in relevance by avaliable drill data but read thru this while back, interesting read as a whole for background understanding.

Re 2nd layer

Interesting snippets from

http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.916.5452&rep=rep1&type=pdf

Pg 1790
“Additional drilling along a 7.5-km strike length of the websteritc has indicated that the main mineralized layer generally occurs within 20 m of the ultramafic-gabbroic zone contact, although minor PdCu-Ni enrichment (e.g., 2 m @ 800 ppb Pd, 60 ppb Pt in DDH MM1) is present 45 m below the contact”

ppb = 0.1g/t

Interesting in respect to…. The Drill Programme is designed to….Test for the presence of a second reef below the primary PGE reef

From https://www.lse.co.uk/rns/EEE/munni-munni-pge-project-update-45yaaevuk6c4tdi.html

Pg 1793
“From an exploration point of view the Munni Munni Complex is a good example of how discontinuities in the (Pt + Pd)/ Se, (Pt + Pd)/Cs, and Cu/Zr trends may indicate new magmatic pulses and stratigraphic levels of potential mineralization.”

Pg 1795
“In the Munni Munni intrusion, the Pt/Pd ratio steadily decreases with increasing stratigraphic height. The most prominent reversals in the Pt/Pd ratios occur in the stratigraphic interval 1,700 to 2,250 m, i.e., centered around the mineralized websterite layer (Fig. 10)”

Pg 1797
“Since the magma that formed the Munni Munni ultramafic zone was sulfide undersaturated, the precipitation of S along the basal contact was related to a localized process, e.g., rapid chilling and/or contamination.”

Pg 1799
“The subeconomic levels of the mineralization along the total strike length of the porphyritic websterite layer may indicate that magma mixing was ******ed by a relatively large density difference between the two magma”….” The principal difficulty is that mineralized rocks at Munni Munni are spread over a wide stratigraphic interval, compared with the Merensky reef where the mineralized interval is around 0.8 m thick. For example, in DDH MM1, Pt and Pd averages 1.11 and 1.82 ppm, respectively, over the 3-m-wide interval 63.75 to 66.75 m. If the platinum-group elements were contained in an 0.8m interval, the grade would average 4.16 ppm Pt and 6.84 ppm Pd which would provide an attractive target”….“subeconomic levels” – then (1989) likely not now (ppm + g/t).

Potential gold upside (maybe dead end) from overlying Fortescue also some useful maps etc

https://www.platinaresources.com.au/wp-content/uploads/2017/11/6-November-2017-ARV-Fortescue-Sediments-above-Munni-Munni-PGE-Deposit.pdf

Nearby novo deposit mentioned above, along trend of MM tenement - inclusive of same contact

https://www.globalminingreview.com/exploration-development/15022018/purdys-reward-yields-high-grade-gold-results/

AIMO ATB

...now its back near a penny, got some at 1.10p.

Have obviously (as of now) been lucky to avoid averaging up of late.

ATB

The best bit (for me) about ufo is that altho its not pure play silver, its not pure play silver, and compared to anything else on aim it is pure play silver (i know what I mean).

Not only is it's silver leverage huge, its cap is tiny and it has jurisdictional diversity with Elizabeth Hill (very close to Munni Munni pge deposit in Australia) even within its silver stable.

Mexican government mining permitting and authorisational rapidity has reduced over recent years and despite it still being a great mining jurisdiction and one of the world most prospective countries for full cycle economically viable silver mineralisation discovery, the Australian angle reduces the a major element of company risk. This puts ufo in a minority even within mexico/silver focused junior miners - on any exchange.

On top of this is the vms related gold and copper potential at dovovan 2 and the Australian iron ore and the apparently aggressive expansion ambition of BBG.

The company really does have the best of both worlds, a great balance of being the closest thing to a pure play on one of the most volatile and cyclical exchanges in the world whilst also possessing reduced risk thanks to commodity, up to now, highly dillutive mgmt decisions (which have supplied mgmt with large holdings and increasingly aligned them with the, on market purchasing PI going forwards).

AIMO ATB

I still believe/have faith this company will grow and become once again a popular stock by doing so. As I posted on 13/02/20 in ref to Covid-19 - It'll pass (at some point) could create some crazy bargains on it's way tho, I think HMI currently represents one of those bargains.

The recent data and news released from the company, the uptick in quality pr this year (crux) and the easing of market restrictions in country combined with the approx 4m Mcap compelled a top up from me this morning to nearly double my holding and av down to sub 3p.

At 2k per penny and prepared to double up again if 1p is somehow approached, Im looking forward to a return to the 10 to 20p range, this year or next, imo.

AIMO ATB

Yes indeed and happy days, turns out back in June I wasn’t entirely being (ott) to think the Id of the EGI may (Spr)ing lnd from its current relative obscurity and ignite interest during the work and beyond.

Surely some validation for the insiders and LTHs here to see support from such an investor, hopefully the frustration is soon to be replaced by much more enjoyable emotions.

Pleased I allocated more here last week – exciting times ahead, and will make the 'weekly wrap up' even more of an anticipated listen.

AIMO ATB

A far from welcome development, hopefully the claim can be squashed quickly or agreement/s be made.

Certainly the timings of events have a strong whiff. Personally remain confident of huge value from presently unquestioned eee tenure secured assets...at least.

There could hardly be a better time to bring this project to the fore. Highly protracted (geo - no stranger) legal wranglings would likely weaken (to some degree at least) companies involved and dependant on associated delays could reduce current SH upside potential as a whole from MM (whomever the owners).

Randomly there is a saying - There is no such thing as bad publicity.

I've derisked to where I'm comfortable in upper 3s and over 4, last nights announcement seems to have validated those decisions some what. With the potential I see on offer in eee, I have again decided to ride out any tough times ahead and await developments on the other side. It worked out quite well for me the last time.

AIMO ATB

Bought some arb today, my first ever bitcoin motivated interest, remember back in 2010 wanting to pay for some p2p related software/program type thing but didn’t want to pay on card so accidently came across this thing called bitcoin. I was and still am a complete techno phobe (actually, I really like tech but I completely lack intuition and therefore experience lots of frustration) mainly down to my preference for outdoor/anti screen time lifestyle – so unwillingness to learn/keep up. I did come close to buying what I needed and 1 bitcoin on top to keep but never quite figured the system out (was very busy with renovations).

Fast forward 10 years and managed to avoid the obvious and now understand things a lot more. Do I believe in very long term value of non-government backed crypto (?) (not really) but do I buy in to the notion of how finite assets will likely relatively appreciate and that several years of government inaction could provide a great return from todays purchase (?) – I do.

When I say I understand a lot more that is very much a relative statement. Seems very much like the guys here know what they are doing. I bought into BLU on Dec 2017 (in fact I think my buy may have been the/close to the max anyone paid in that spike) I was backing Satioshipay but have recently sold as it seems the main direction has moved away, so took the loss on the chin. The proceeds of the sale and some other funds gone in here today and hoping for a better result.
Ive heard the price is approaching an inflection (not sure up or down) point so happy to be early and risk it moving the wrong way. Not researched here particularly well or read the BB at all but feel I know enough to want some crypto exposure currently and this is a good and more importantly easy way to get it and don’t need to dodge any interested parties should it go spectacularly well (isa).

Liked listening to this and I felt it was a well-reasoned view point.

https://www.youtube.com/watch?v=28Gc-IxMlhc

Just recording my reasons to avoid twisted retrospective ponderings, hopefully in a positive sense.

AIMO ATB

https://www.youtube.com/watch?v=Dr-keAi1Xqo (from 4mins)

https://www.bloomberg.com/profile/person/15144285

https://www.youtube.com/watch?v=q0sC-EA9drY

New circle of friends/chit chat etc maybe….just an observation.

ATB

Had been researching a co called discovery metals recently as I saw some similarities with one of my AIM holdings, and the share price of DSV has recently multi bagged, their focus is different now (although silver is one big reason I like GLR) but one of our new personnel has a history with them and I recognised the name………

Three more top ups for me today 125k @ 0.712p shown as sell (expect most others around same time/similar price - also buys) 145494 @ 0.688p shown as buy and 258625 @ 0.684p shown as a buy.

Considering the bullish sentiment towards copper looking forwards, CBs history in the region, current locality and size of controlled land package, current mcap and experience of todays appointments combined with visible likely relatively short term cashflow positive achievements - I think there is a good chance of significant discovery/ies and years worth of opportunities to cash-in the shares I bought today for much more than their purchase cost. How many more hours will sub 0.7p be available here? Dozens, hundreds, or thousands - I doubt the later.

https://www.pambazuka.org/governance/inside-discovery-metals%E2%80%99-troubled-botswana-stay

Didn’t end well but doing the right things in the right place at the right time in commodity cycles is the most important thing for shareholder value over periods of multiple quarters (not necessarily days/weeks tho), imo.

Notice the Competent Persons Statement named individual below

https://www.investegate.co.uk/discovery-metals-ltd--dme-/rns/mineralised-depth-doubled-at-plutus/201106020940537424H/

Always good to have the involvement of people who have done very similar things before.

Very early stage obviously but sentiment towards junior mining exposure is picking up and as a package this company has, imo, incredible potential and I see todays buys as better value than my originals in the 0.4s & 0.5s.

Now in the nice position of having enough to satisfy, but ideal wanting more – sp up or down - Im confident of a happy outcome in the not too distant future, now holding just shy of 1m.

As the days of Concordia driven sentiment demonstrated this share can move quick given the correct circumstances.

Im definitely no expert, but Im certainly not impatient.

AIMO ATB

Got lucky with a quick trade here earlier this year after reading through pages of over zealous warning posts (soon deleted/removed) and was subsequently treated to a rapid double up+ and high exit. Bought back in on the 8th July just around 0.115ish this time expecting (happily) a longer hold.

GWMO has been on my hit list for years but things have just never gone right for them whilst I was considering a buy, I think the company and SHs have had more than enough bad luck and with a lot of changes since the company came on my radar I now have high hopes for the future.

AIMO GLA