RE: RNS - NOMAD / ASSAY RESULTS KNOWN13 Nov 2025 19:16
RP wont issue results until he gets his re-election and consolidation of the shares..
This is going very similar to 2022.. Even the early RNS's stating encouraging visual signs, exiting times and second rig on site.. Seems to be the same play book and the assays never arrived until 13th Dec which was a kick in the nuts so close to Christmas.
I want this to come good for those still invested, I dont want to see anyone loosing money and of course there is a chance this will come good and all the drilling will hit commercial gold..
However, pieces of the puzzle can be put together in my opinion.
- £4mill share placing before Hole 1 assay when there was already suffient money in the bank.
- Interview and price rises but the next day an RNS which really killed sentiment and excitement.. This being after the £4mill was received.
- Focus on the Dome appears to have disappeared and drilling now chasing up 7m at circa 2g/t from 2023. At the time I thought this was to help with mine planning as the dome was basically in the bag. However, I now think its because dome not what they are expecting. (hopefully I'm wrong).
- Core Drilling linkedIn post a month or so ago did have me wondering. They posted what appeared to be a Red Setter core sample claiming something along the lines of fools gold but don't worry the company already informed investors.
- It wasn't until news of the consolidation kicked in that I finally saw the wood for the trees and the balance of information tipped me to bearish... Regardless of the above, I dont want to be invested in a mining company with £30mill shares in issue. Far too much scope to issue more shares and its the second time this company has been 'reborn' by wiping off billions of sharers.
- Why consolidate now if big gold find to be announced.. Its not a requirement for JV's and any further fund raises could have been above 3p similar to GGP.
- IMO RP wants re-elected and shares consolidated before any real news hits.. Hopefully once he's re-elected the drilling continues as in the past it has been stalled for months/years.
Just sharing my thoughts as don't want shareholders getting shafted.. I will be delighted for all if the dome does turn out to be fantastic..