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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

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

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

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