Member Info for DoBreWotNot

Some commentary this morning re HL fees overhaul.

https://www.cityam.com/hargreaves-lansdown-overhauls-fees-in-face-of-rising-competition/

Https://investinglive.com/commodities/morgan-stanley-sees-gold-at-5700-as-banks-turn-even-more-bullish-20260127/

'The upgraded targets strengthen the bullish narrative around gold, reinforcing its role as a strategic hedge against geopolitical risk and policy uncertainty. Sustained central-bank buying reduces downside risk even at elevated price levels.'

Slightly surprised we haven't any drill updates so far this month & if they now did an RNS a week it would take us into March. Makes me wonder if they're going report the results from 2nd drill pad in one go & likewise 3rd pad in due course .... would make some sense in terms of effort required & staff time especially now given preparatory work required for pfs infill drilling etc ... might be overthinking it but just a thought .. 🤔

Thanx, will take a look ...

No I'm not ..... worthwhile?

Prop .... other group?

From X

'Shanghai silver prices are now up to a record $124/oz as spot silver prices in the US hit $108/oz.'

https://x.com/i/status/2015617437866348615

From X ... can't keep going up like this can it 🤔

'Absolute insanity in silver markets right now: Shanghai silver prices are now up to a record $124/oz as spot silver prices in the US hit $108/oz.'

https://x.com/i/status/2015617437866348615

Davidious .... your post re Tungsten price yesterday, Dennis also getting the word out on X 🙂

https://x.com/i/status/2015694886649889126

Prop ... 👍 the fact we've raised £4m, committed to a Pfs, reserved 1 drilling rig already with more to follow, & plan to increase Op's team at Redmoor even before releasing remaining drill results & updated MRE to the market has to be one of the biggest green lights ever IMVHO.

In terms of increased team is that likely to be to 'handle' increased number of drill cores or is it a potential hint at further exploration or preparatory work 🤔 DoBre

Maze .... SP Angel used $630 usd spot price for Tungsten in the revised NPV of $400m usd in October based on 2019/20 scoping studies resource data. Given it's now circa $1000 usd per mtu we could reflect a 50%+ uplift based on Tungsten price alone .... obviously since then Tin, Copper & Silver have risen significantly as well. Worth noting that their revised NPV doesn't include results from any of the drills from recent campaign which could reflect an uplift in resource as reported in MRE. Not long to wait to find out .... exciting times 🙂

Well Gold finished the week at $4988 .... so is this week going to be the 'week that was' 🤔

Prop ... or even before the 27th 😉

To add to the positive sentiment the European price for Tungsten APT had it's weekly update today on the Shanghai Metals Market & is now $1000 - $1100 usd per mtu, +2.44% .... continuing it's steady climb. Amazing to think that 12 months ago it was circa $340 ...

Just gone above $4900 ... will it hold 🤔

IMHO the 4th & 7th drill results have the potential to positively affect the sp as they will be the 1st results from Drill Pads 2 & 3 and will start to demonstrate the scope of our resource wholly across the area we've been exploring ... at the mo we only have the results from a 33% section of it (drill pad 1) which have moved the sp to where we currently are. The market reaction to 1st 3 results to me were ... 1. Wow ; 2. It wasn't a fluke then; 3. You've told us that already. I guess we'd all like a couple more 'wows' at least ... prior to the MRE of course ... Keep SMiLing 😃

Yep reckon so Prop .... I wonder what 'script' they'll have this time .... 🤔

Naptheman/daltry

This was a 9 drill campaign from 3 drill pads. We've had the results from Drill pad 1 (3) so are awaiting the 6 drill results from 'pads' 2 & 3. The results from these will show the scope of the resource across a wider area than just Drill pad 1 & feed directly into the new MRE. All positive for the sp IMVHO ....

& copper ...

BBC News - Gold and silver prices hit high after tariff threat

https://www.bbc.co.uk/news/articles/cx2yppj4lg4o