Welcome news in my book. Agree re market sleepiness this time of year, often seems to produce some bargains. KOD is currently valued very cheaply, imo, and ive been bringing my av here down substantially of late.
Im definitely not much of a chartist, but there does seem to be a large wedge containing the trading since lows of summer 2016 and highs of 20/01/17, we now seem to be very much at the thin end. Maybe a break upwards could occur on news re mining license being lodged, and maybe others would see such a break as significant.
Apologies if already pointed out/discussed, been away from this BB for a while, corrections welcome any of this is incorrect TA wise etc.
GLA AIMO
Ftse aim index up ~10% since 10th oct this year. Have to say I've noticed things getting a little easier. Resourse sector one of the most undervalued, at the same time as most other assets over valued (including some major miners on a nav basis according to katusa). Battery metals sector pouring money into the cooks but so far ignoring the farmers (according to benchmark). Things will change and apparently slowly bit surely are.
Junior gold and battery metals (+ bit of energy) aim tiddlers could be winners 2020. I've been roughly tripling my exposure to them since back end of summer so would be a very nice thing to see unfold.
Dont expect any of them to be completelty right but does seem a general shift towards positivity.
Johnson
https://www.youtube.com/watch?v=VXOgLbFQ8ng&feature=youtu.be
Katusa
https://m.youtube.com/watch?v=HmM01J-nrno
Benchmark
https://www.youtube.com/watch?v=KPf5by-mYIs
Apologies for lack of specific time intervals, I'm supposed to working, better get back, unseasonably calm and mild up on t Yorkshire Dale's. Happy days.
Good luck to all maybe times are changing.
AIMO ATB
Finally bought in today, been following for couple of years. Very much like their tech and connected potential just never had the timing/funds right for a cheap buy.
Hopefully it was rightish today, sub 0.65p, energy sector very cheap as a whole (into edl & trp this week too) and due a bounce according to some.
Risk/reward very good here imo.
Happy to wait and see
Many thanks for petro cc comments.
AIMO GLA
My opinion.
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).
The tech bubble and pot stock bubble fading (possibly cypto peak hype passing by) are leading a gradual shift from growth to value (some crypto may prove to be temporary value?). Precious metals are relatively cheap, junior miners/explorers of PM's are highly geared to the price of the underlying commodity, the juniors are only just starting to move one by one, generalist money (seeing these recent jumps) is just starting to look at the sector. UK investors have been risk averse for 18 months plus due to brexit woes. UK listed junior miners are relatively cheap c.f. the already relatively cheap US/Canadian/asx juniors, and all juniors are at the end of an incredibly painful elongated bear market (excluding the head fake of dec 15 to summer 16 - which just accentuated negative sentiment).
Any significant gold discovery at the time (when the above points are more widely recognised) will attract major alpha, in addition to the 'anything to do with gold/silver' should achieve decent beta.
As others have said this intercept is internationally noticeable. When gold broke out this year the guys who know the crack eg rick rule, eric sprott, frank guistra et al said straight away this is the real deal. Sprott thru 164m dollars (from memory) at the sector in a fortnight or so. This intercept will get noticed. The 13 others are crucial. We are told the released hole targeted the pipe body down the middle of the anomaly. This could mean the intercept length and shallow nature is rather isolated (at these depth ranges). If rocks theory proves true tho. A multi million ounce discovery is very achievable and in the current state of the market and given the mcap...well this could be exciting to be involved with. i.e massive alpha on top of full beta.
Not saying it will, need to see the 13 assays. I wont be disappointed to see greater cover depth tho and smaller intercept length. If they come in with decent results great, if they dont, I'll still stick around to see what's going on at greater depths.
Just my opinions. Trading - if you good/consistently lucky, fine you can make even more. Very few can make more than an early low buy and a late toppy sell and that takes patience and bottle (or just not looking too closely/frequently at least.
AIMO ATB
Added more this afternoon. I think many buys are in red on lse today, I know mine is, and others have also mentioned.
Uptrend about to kick in and playout through 2020/21? Hope so, and it's not 'the impossible' or maybe it is.
Part of me wants to double up again in 0.3s but starting to doubt I'll get the chance.
Now av sub 0.6p
AIMO GLA
Have high hopes for ufo. I'm here for silver exposure (hard to get). Watched agq lithium debacle and followed since, av 0.14 so far.
Mag silver discussed (link below), the potential of the neighbourhood in which ufo is explorating, and good for background geology etc.
https://m.youtube.com/watch?v=Mve3ymvSkt0
Gold silver ratio to head back towards 100 year av of 1 to 53 from the 1 to 90s (where I bought here initially) and 1 to 80s (current), maybe it overshoots like during the past pm bull runs - got down to around 1 to 17 from memory.
If gold matches previous highs (include adjustment for cpi) - gives 2600/oz, back in 80's did double that. Then give it the 100 yr av ratio, looking at 2600:49 maybe double if past is prologue (modern parlance meaning).
Some discussion re these cpi adjusted figs...
https://m.youtube.com/watch?v=OFcT1Q3zh5M&t=163s
From 39.45.
Copy and paste co ords to googlemaps to centre on kaolin quarry near los campos - 22.745272,-102.544324, potential significance highlighted in ufo rns and mag silver vid.
Recent iron developments look promising too, but silver is absolutely what got me in here and will likely continue to draw my investment.
Just for fun, you never know, one day...
https://m.youtube.com/watch?v=lx-6iDxuThA
Just some of my thoughts
AIMO GLA
Just woke up and seen the news what a nice suprise.
Well done nobby63, was a pleasant poster (recently quiet) in the some of the dark times here - called this kind of success. Been quiet for a bit, hope they held out to see this result.
I expect so.
Been here from 0.85 towards the end of Papua so saw the 2p days and suffered the 0.2p's also.
Always considered a bare minimum value for me to sell was 10m mcap.
With today's news that bar has shifted well up, awaiting further drills before I consider such action. Fantastic intercept
Happy days, indeed.
AIMO GLA
Listened to this, this weekend....
https://m.youtube.com/watch?v=r8RmHLISkb4
From 39.30. Ross Beatty current view on gal, not exactly positive i have to say.
I personally remain of the opinion, good value is to be had currently.
Not being purposefully negative, not my style, but it's not common to get such a broadcast opinion on gal (just so happens to be at an extreme sp low), so just posting for info.
He says he bought in as he thought dalradian would buy gal but that didn't happen and his investment thesis no longer exists.
Dalradian arent going to buy it because they were bought out by Orion.
Coincidentally? On the very same day as the completion of the Orion buy out hit the news, a gal rns of a proposed private placement, in which Ross Beaty participated which completed 26/09/19 at 4.2p he added 2380952 shares for ~120k.
Rns 26/09/18 - Mr. Ross Beaty ("Beaty") has subscribed for 2,380,952 Common Shares, which, in addition to the shares he already holds, gives rise to an 17.9% holding.
His thesis was proved wrong yet he added more?
https://www.proactiveinvestors.co.uk/companies/news/303997/galantas-gold-boss-welcomes-ross-beatys-backing-3997.html
From 1.00m
July 2015 he paid premium to market price in 2015 for 16m shares with 1 year warrant attached.
Maybe I'm missing something/reading to much into things, just observations (of coincidentally timed events) in any case, certainly no insinuations meant.
On a more positive note 1st link from 17.25 to 21.00 mins.
Aimo GLA
Hopefully there is substance behind those words. Thanks for the post.
My 67489 top up this afternoon not showing on lse so far.
Wont get bored, wont move funds to chase elsewhere, will just slowly add until, eventually, permit news comes.
Be it good or bad. Under no illusions - things can take years, happy to wait.
Sub 1p without bad news? I think some awaiting that day, me too, will be double or triple up time, imo.
GLA
Just seen the rns.
Rns states recent progress on the major issue curtailing production has been made. Sounds like the crucial issue is heading in the right direction, obviously nothing is certain and risk of some kind of cheap deal for funding is undeniable but so is the recent sp movement in relation to the bad turn of events experienced. Meaning imo, good value to be had buying down here.
Been trying a dummy 100k share buy with barc - been going nt for last 10mins. Doesnt seem to be a large supply of shares at the mo.
Btw was offered just >1.4p to sell (just checking/no intent) same amount no probs.
AIMO GLA
Asx closed 0.4, equivalent to 0.21p.
Cln having ugly effect on sp. Uranium price looks to be heading north now where and when will equilibrium be found.
Or will some catalyst suddenly change the outlook and sentiment towards aura?
GLA ATB
Absolutely agree madsktpan, smells very much like for sale sign.
Given the age of the likely deal makers, seems reasonable to expect openness towards a deal earlier rather than later in the cycle. Even if the price achieved would likely be lower? Must be a difficult thing to weigh up (estate considerations etc).
Personally happy to wait it out, no rush for me. Got lucky on a leeds based short term bouncer this morning so managed another top up.
Should rephrase 'being built' in my previous post to 'has been built'.
See you look to have been involved here since previous cycle, repsect, and best of luck with your investment here.
Re UR's question, I could not offer a meaningful response at the time. Now being mid (ish) Nov, it seems more likely the first news will be of geochem guys analysis rather than raw assays. I'm no expert what so ever but I would think that could be reasonably expected this year. It's the kind of thing that could arguably take as long as they want so perhaps the news will be timed optimally based on the thinking of those releasing it/gold price/market sentiment etc.
AIMO ATB
Two new mining rights granted for Lamaune. Another tick in the box towards end game. If I'd not topped up yesterday id would be looking to do so today. Still, lnd seems very off radar. Happy to continue to accumulate, when funds permit, whilst we down on the lows (imo).
Great land package being built here right on time for multi year PM (and Ni/pgm) bull run.
AIMO ATB
Nice1 ballio!
One of the only, truly globally significant unconsolidated undeveloped Ni sulphide deposits left
Has, on the sly, been acquired by a micro cap, off the radar, debt free junior, now holding 100%
Mid capex project likely <500m usd (allowing for fx & inflation)
Located in well established mining area & improving jurisdiction, close to new power (eskom caveat), new water & existing road/rail infrastructure.
Relative proximity to India c.f. each of the other deposits of similar size especially in terms of ease of transport. Only one located in Africa. Close to greatest future growth.
Recent Mcap was sentiment bolstered to >30m with Ni price around $4/lb
Involvement from established BBE umbono, mgmt with proven ability to both raise significant capital, mgmt who have historically backed through investment (personally & indirectly), mgmt with history of releasing special dividends >mcap of the company, mgmt who are patient strategic shrewd and willing to cut g&a to negligible when best for anti dillution
Mcap <3m due to? Major shareholders exit?, prolonged Ni bear market, optionality of asset, jurisdictional uncertainty, mgmt actions/tactics combined with level of associated comms & lack of recent pr
I've watched with interest the excellent crux investor interviews re both dumont & turnagain, how good would it be to see JZ face MG? - he seems a pretty cool customer from the little I've seen/heard, would certainty spread the word - good or bad
Still remembers the time I spent messing with the Ni stocks/prices spreadsheet & thinking where uru sp would be with stocks ~60k, certainly wasn't imagining <0.3p
I think there's a good chance we get mining license in 2020 also think Ni could touch $10/lbs 2020, combine those two with JZ newsflow extravaganza & mcap of >30m seems very repeatable to me, raise for updated pea &/or pfs then sell for up to 40ish% npv in 2021/2022 (want I want to happen)
Continue down path of shallow exploration resourse estimation and feasibility for pgm (seems I incorrectly previously discounted the potential significance of these ref pd recent run) & see where that leads - complication and delay to end game imo, not necessarily overall ROI negative eventually tho.
Has the drilling started? I hope so but suspect not
Cloak and dagger goings on continue & personal nervousness re rewrite of AoA nag continuously yet my exposure here creeps up month by month as the fundamentals and value proposition become more glaring, imo.
As usual ccc updates very much appreciated
Brexit uncertainty extremes may soon be behind us, trade war phase 1 positive noises occurring, Ni up >50% (my post 27/04/18) cant get the sp reaction of amc mining license news out of my mind.
Hospital waiting game (nothing bad) prompted boredom related rambling post.
AIMO ATB
Started buying in this morning around 2.9p
Like copper and base metals for 2020 and 2021, for starters. The resources with upside potential along with mgmt here attractived my attention and ive observed the sp decline for month after month with geopolitical issues swirling as they have.
Seems like a bit of a resource stock renaissance emerging recently, long may it continue. Hoping this is nearer the bottom than the top sp wise anyway.
Aimo GLA