Member Info for Dibs61

25.6.2025 RNS

“Initial projects are already under development and will be announced as they mature towards FID.”

Judging by yesterday’s comments not long to wait.

Clued - personally I think a 21 share pf is too much, just as you believe vamosbien holds too many ITM. Too much diversification can stifle capital growth in your pf.

I would recommend between 3 and no more than 6 stocks in a pf. I am a risk taker though I admit.

vamosbien - I am with you. I think your 320k shares will in time reward you handsomely. Indeed, with your average, they already have!

Does anyone else find news posts incredibly confusing baffling and hard to read? Hard to follow? I literally give up after a few sentences.

Scrwal- points taken for sure…. And reasonable ones I agree.

However, you refer to expectations. Whose expectations? Managements? The market? Does anyone know or understand what those expectations are? I don’t.

One could argue that they only need one of the two you mention to be ‘good’ to have a net positive SP effect. Especially Rulikha. And you’ve not even mentioned Verkhuba which is likely to see an increase in resource, and possibly a very decent one.

Glass half full or half empty?

Highly encouraging update for a large epithermal gold system at Snowy

https://www.londonstockexchange.com/news-article/EST/epithermal-gold-exploration-update/17268044

Genuine question for those more knowledgeable than me… Why did the company not state or emphasise that the two or three successful holes were outside Of the current resource area? I find that hard to reconcile.

Strong finish to the day. I was going to top up @ 0.145 but got distracted lol.

Good post skippy👏🏻good advice and well balanced.

I think this extremely unlikely since I’m sure you noted - lol - that they issued over £400k in warrants just over 3 weeks ago.

And there are a further circa 250k warrants left to exercise so no, a placing v v unlikely for a while yet.

HTH

Bankruptcy-

“so the 4m raise is simply insurance"

Oh it’s insurance alright, but NOT for shareholders! It is for management though!

Seriously, FOUR million with no explanation other than just repeating the word used in the previous months cash call “expansion”. Expansion of what? Pouldens salary timeline?

Honestly folks this is not good, whichever way you try and spin it. I want to believe too trust me but this is shocking conduct and an insult to shareholders.

Bandicoot, skippy - yes I def see your points, they are reasonable. However, for me, the nature and content of this raise is unforgivable. It has wrecked my confidence. Firstly, because I was genuinely shocked. It caught me out I’ll admit. I’m normally fairly good at sniffing out placings. Secondly, and perhaps worst, there was absolutely no detail whatsoever about exactly what the money is going to be spent on. I don’t care what you say that is NOT GOOD ENOUGH! It’s lazy. It smacks of no strategy, no plan. And finally, of course, if they had any real confidence in decent assay results they could and would a shave waited for some to come through. This would’ve probably been accepted very positively by the market.

All Pouldens actions have done is to lower confidence and heighten suspicion.

Looks like someone ran out of patience today! Can hardly blame them. Painfully slooooow progress.

GLA

DRANKWELL - congrats on your purchases and wish you all the best with them.

EEE - yes I held it a few years back when it was, I dunno, small pennies, less than 3p I think. I like it and think it looks a solid enough investment. Some have had a super multibagging experience there! I noticed the recent spike and subsequent heavy drop back. They issued a good RNS to shore things up. I think it just got a bit overheated but yes I like it. Bunn has done an excellent job. Probably wouldn’t buy any now as my feeling is the big rises are perhaps done for now?

Are you a holder?

Agree with troajan now looks a good entry point. My buy shown as a sell:

30-Sep-25 12:30:40 0.164 3,000,000 4,920 O

Hasiba- the SP dropped from a peak of 2.2p last Thursday to 1.47 close last night. That is a sizeable drop on the back of what was ostensibly positive news. That took a lot of selling pressure both on Thursday, Friday and yesterday.

Someone knew.

This is, imho, definitely a safer bet than WSBN but I certainly haven’t written off the geological prospects at RS. No way. Just very perturbed by RP’s actions.

Anyway, EST. I see an easy doubling in SP here on the back of decent assay results (which I am confident about). That is a very conservative target as the current valuation here is ridiculously cheap. This stock is afforded a valuation less than half of some companies that have ZERO resources.

Fantastic opportunity.

But DYOR!

I think the SP tells us everything as well. Already sitting below the placing price.

As for the second RNS this morning - interim results - Poulden put virtually no effort into his statement whatsoever. Brief. Lazy.

Yet there is so much to talk about yes? What about a proper post period outlook? No detail about the exploration to date?

No he left that to Mead. He’s done that!

When investing it’s always best to go on your gut instinct and this mornings RNS’s were eye openers.

Just what I was wondering…. Where is our friendly ghost?

The other thing that bothers me deeply is that another £4m on top of the recent placing is a lot of extra cash and absolutely no detail whatsoever as to how, where and what that cash will be spent on. Nothing! No information or guidance to shareholders, just ‘expansion’. That’s not enough, it’s not good enough.

Not happy.

Next big resources sector riser. Mark my words. Maybe not quite the quick but temporary spikes of WSBN, ORCP, GEO etc but likely more sustainable because these guys have a resource already- which will expand - with incoming assay results.

Then comes Snowy which is a massive GOLD prospect.

Be on high alert.