RE: Possible news6 Sep 2025 13:13
Thanks MEM, lots of great informative posters here. Plenty of top knowledge and research being shared!
Here's what i sent a few close shareholders i'm in contact with last week, in regards to the past few months goings on, mainly the drop, the North Pepas drilling and the buying.
Finally had an Einstein moment and all makes sense now. 💡
They realised the vulnerability of being an easy buy out target.
They've been seeing unreal intercepts at Pepas, done the surface sampling and aero mag at North Pepas and realised wow this is a beast.
They have Newmont sat with 10% selling off everywhere, realised they've no skin in the game, the majority of stock in weak unhappy retail hands with the majority who’ve been through a torrid time with C&M and given a decent percentage offer above market value would agree in a heartbeat. Panic stations in this gold bull market with buyouts and project sales happening everywhere.
They kept the aero mag and drill locations of North Pepas to themselves. Luckily hit the halo, which could be the one surrounding Pepas.
Gone down the MRE route as it makes totally sense, keeps good publicity, heads towards production whilst keep the wolves(any offers) at bay in regards to Anza being a monster asset. Lets things pan out while no real exploration happening elsewhere, which would bring in more attention.
Dropped the price with what seemed a pointless presentation and uncertainty with way they wanted to go. Like they were in no mans land undecisive what to do.
Got someone loading up, I bet 5-10% went into friends hands on the low volume days we kept seeing 500k, 300k, 200k, 100k delayed buys.
•Got the dynamic fund on board now 12%
•Eliminated Newmont’s 10%
•6 more insti in the placing 10%
•The current buying now, this week we’ve seen around 30m volume - 10%
That’s almost 50% of shares in issue in safe hands. Job done.
Now that all fully makes total to me. I wouldn’t be shocked to see the directors take part in the next placing, even at this much higher price.
This is going to be massive. Life changing.
Thats my take on it anyhow. What ya reckon?