Member Info for G_G_G

SP is 100% being held at this 7.4-7.5p range. I picked up another 150k shares today, which isn't showing. Something is going on in the b/g. Sucker punch feels like a raise for some insiders to gain more exposure. Now holding 500k shares @ 7.45p average.

ATG, thanks for the update. If they're still running at $1m per quarter, then we'll be done by the end of June. Not sure if most costs have already been incurred and their burn rate will have dropped this year...? Appears tob e a decent amount of runway available.

Driving, thanks for your response. I take it they confirmed the Shard facility is finished then?

yeah, the mgt team are a bunch of f@cking amateurs. the shinez debacle being the worst of the lot, but they clearly bought a lot of other **** over the year, given our current financial performance. i do hope that kestrel are telling michael and billy to pull their heads out of their @sses and make a deal so they can wash themselves from those !diots as well. hopefully some good news this month. gla

Johno, how is that possible if 'year-end' is due early March? The closed period would be outrageous if for 2 months. Did he provide a likely date for when the initial CR3 production rates would be released? Or anything on Casc 4 & 5? Easy to forget those monumental f@ck ups, but they will still proceed some oil and maybe gas, unless they have drilled into nothing rather than the 'sweet spot'. He has a lot to answer on these 2 x wells that cost over $10m.

So if we're looking at 6-8 weeks from a cased well for flow-test results (what I would expect based on Casc 5), then PB can absolutely buy shares. There is no confirmed flow rate for more than a month, which is the standard blackout period length. And you only get this when there are confirmed price-sensitive results/information that the market doesn't know about. We are a long way from having anything confirmed. If people want to see another penny or two, then remind Calamity Baay of what he said about Directors buying. It won't surprise me one bit if he doesn't do it at all.

Good bounce back on decent volume after the dip today. Full disclosure, I sold 75k this morning for 10.9p and 11.025p. Transferring to my bombed-out ISA courtesy of Calamity Baay. All going well with CR3 I should get it back this year.

What are people's thoughts on Shard being the source of the shares? It would make sense as we know that cash is being run down, and if they need it, Shard needs to sell. I'd imagine they would want some kind of buffer exiting Q1 as well, should negotiations drag out.

What is the current cash position estimate (based on the last update and likely burn rate)?

Johno, what is your realistic expectation for when to expect flow test results? I don't know when they had finished casing Casc 5 versus when we received the results - do you know this time-frame? I'm highly doubtful of an end-January update, but trying to work out when we should expect the results in February.

volume is still pretty chunk johno. anything above 5m with the sp above 10p is quite large. the only days over the past 3 months bigger, other than the past 2 days, were the immediate aftermath of the complete ****show that was casc 5. what do you think is a realistic initial production rate (net txp) btw?

interesting that calamity baay hasn't opened his big mouth. not sure what to make of that.

as for flow test results, can someone remind me of how long it took for casc 5 post casing before we got the results? i thought it was 6-8 weeks, but happy to stand corrected.

strum, you need to recognise firstly that 15mmcf is actually 10mmcf for txp. it's also initial flow, which will likely halve by the end of yr1. so not as big a result as you think if we get 15mmcf to begin with. the other thing you need to keep in mind, which many on here are ignoring, is our mcap is vastly different to our ev. the debt load is the only remaining issue if cr3 comes online at 15mmcf. this of course will be easily managed if they end up with an extra 15mmcf (net) incremental central production this year by drilling a well a quarter. for that to happen, we need cr3 to be strong. and i'd say we'll need the vat receivables to ensure we have no delays in continuous central drilling and ensuring our debt load is being managed. i'd also say that a big cr3 well and a 25p t/o offer landing would be a possibility as a second well coming online at/near 10mmcf (net), and we'll be near that level on our own steam. always an issue if you have a vulture on-board.

We will know if there's a leak here because the unusual trading patterns would occur yet again. Not a lot of volume atm. I think if we saw consistent +500k days and the sp crept into the 50's, then I'd agree we are close, and there is someone accumulating. Would be great for us to get back to +70p on any deal. The amount of money investors have lost over the past 12 months is quite something. Kestrel must be itching to find a way to get their money back. Reckon their b/e is probably in the 70's so in all our interest to get above this level. GLA

That would be good Johno. Reckon it might be closer to 10p t. Providing it stays above 10p for the next 2 weeks, then I'd expect to see us climb back to 11p range before news drops. If 15mmcf or better, then I'd expect us to gain a few pennies. Hopefully, this will be enough for Calamity Baay to convince our friendly government partners to give back the VAT monies owed to put into another fast-follow CR well. I'd imagine any single-digits will be well supported given the volume seen the past 2 days. GLA

Figures from Gemini so not sure if our Stage 1 & 2 NPVs are up to date. They'll change for the better in the next 6 weeks if they are. Worth noting that SOLG have a couple of other excellent resources that they own, but Casc is the jewel in the crown and what will come first, if at all.

Funny, this was the first investment I made on AIM around 9 years ago. I've always checked in, and now I'm back in. Gonna get interesting in the next few months... GLA

From my understanding of SOLG, there is a huge amount of value from block caving, and this is a very difficult and expensive process. Ours is childsplay in comparison once the pipeline is built. And I'd say the 'sovereign risk' actually works in our favour, much like Simandou. It's far easier to get a Tier 1 project like ours off the ground when you are greasing the palms of relatively few corrupt African politicians, who are desperate to announce something major to their relatively starving population. And they'll lock up anyone who disagrees. So in a perverse way, the corruption index is a good thing, and Simandou just up the road is a good example of how things work, especially if you have another unscrupulous country involved e.g. Gulf State or ideally China. I used SOLG as an example because it's also listed here, and the metrics are quite similar. I'd also say the country element works in our favour (being more corrupt and poor), especially with another sovereign nation involved. Finally, I'd say execution risk is far lower for us as the majority of the 'big ticket' items are straightforward if the Chinese are involved, be it energy, port or slurry pipe. Again, Simandou provides a good example of what they can do. Block caving in a country with a big push on ESG, plus moderate corruption, is a nightmare scenario. Just my thoughts, but interesting the value gap. And SOLG don't have the mining heavyweights we have involved. They're Tier 1 as well. I cannot see them wasting their time on us unless there's a chunky 8-figure payout to them. AIMHO

Metric Zanaga Iron Ore (ZIOC) SolGold Cascabel (SOLG)

Commodity Focus Iron Ore (68.5%+ Fe DRI Grade) Copper / Gold

Stage 1 Capex $1.94 Billion (Zioc) $1.55 Billion (Solg/Casc)

Stage 2 Capex $1.87 Billion (Zioc Expansion) $1.00 Billion (Solg/Casc Expansion)

Stage 1 NPV (Post-tax) $5.21 Billion (Zioc 10% discount) $3.20 Billion (Solg/Casc 8% discount)

Combined NPV $7.36 Billion (Zioc 30-year Project Life) $5.40 Billion (Solg/Casc 28-year Project Life)

IRR (Post-tax) 26.7% (Zioc) 24.0% (Solg)

Production (Stage 1) 12 Mtpa (Zioc) 12 Mtpa (Solg/Casc)

Production (Stage 2) 30 Mtpa (Zioc Total) 24 Mtpa (Solg/Casc Total)

I might add that the 20th of January will have been set in order to get a formal offer before they have to release full-year results in early March. You need to think like a CEO/BOD that knows the party is over and they'll be pushed out by year-end if they don't get a sale away. The activist got the ball rolling. They're desperate to sell.

Run, the damage being done is the drop off in Private. Self-pay is on its way down the slope, and PMI will soon follow as unemployment rises and wage pressure increases. SP is where they get their margin, where £1 of SP is worth £1.60 of NHS revenue. NHS is the fall-back, and even that is going to get harder as waiting lists decline. The mgt team are selling to avoid having to downgrade 2026 and beyond, and desperately wanting to jump with their golden parachute. Nothing more.

Also, the rejected bid by Mediclinic was driven by Justin Ash, as he'd only just gotten into the role. Nice way to hold onto your £1m base salary for another 7 years whilst you crash the share price and blow all the pandemic money on low margin and loss-making acquisitions and builds.

They will sell at whatever the best offer happens to be. I think the £2.50 level is probably a decent deal for the acquirer, and the bod will jump at it. Still a handy 45% profit for newbies.

Aye, do you believe we will get flow test results within 30 days? If not, he can buy.

Stas, there is no way he could know flow-rates at the moment. And for someone who held material information from the market for 6 weeks post-raise closing, he's nowhere near walking a fine line. I used to be in receipt of material information for a FTSE 250 for months prior to results being released, and could not trade for a 30-day black-out period prior to the market update. A single well that is a month from flowing is not one of those material things, as much as Lyin Paul would like the market to believe.

there's no debate that calamity baay is a 'wide-boy' as someone once relayed this as being the opinion of many canadian o&g industry veterans (note i cannot remember who it was and had never heard the term before). i can forgive him for not knowing decline curves etc. what i cannot forgive is his gross incompetence on the failed raise, and then deceit in trying to cover it up, which is the main reason we're not in the 20's right now. even the amateurish casc 4 f@ck-ups would only have taken us to the mid-teens if we had secured the cash at 20.5p. he's **** at his job. and he's d@dgy. we've got a ton more shares and at least $5m blown in fees because of the ****. i cannot forgive the man for this, and the fact he isn't ploughing money into the company from his $800k package, after the damage he has done over the years, makes it worse. anyone who has a line to lyin paul should remind him of his words, which he seems not to value, like many investors, it would seem.

let's hope calamity baay can oversee a +10mmcf well in 6 weeks. and ideally get back some of the vat monies owed and announce a fast follow-on cr well. then we can start to properly re-rate and maybe even get back to 20p with another good result and no compressor delays or f@ck ups.

also, those saying you cannot believe our mcap need to consider our ev. debt is the anchor, and it will only be lifted by some successful central wells. gla

i think if baay puts his hand in his pocket for minimum £50k then at least he will have delivered on his words to do so, and done something for the sp he has decimated. he continually hides behind closed periods, which is disingenuous to say the least. maybe he has a gambling problem, which would make sense given his obvious character flaws.

either way 11p is the nut to crack. and that useless **** has an ability to do it, and go some way to making amends for his immense incompetence over the years by putting his hand in his pocket for a decent amount of money. good to see double digits, but a hell of a long way to go before the lucky pis with low averages start reclaiming some money.

very good volume as well - helps solidify a higher base if we can have another few days of +3m volume. director buying and an interview that is positive would help. or they could throw some burgers to malcy and oilman jim for a big write-up.

Why would he be in a closed period Stas? Results aren't expected for 6 weeks. And financials for almost 2 months. Closed periods normally last 30 days. Nothing else on the horizon.

Volume top 5 the past 3 months and likely going to be top 3 (alongside yesterday). Will be interesting to see if we climb into close like yesterday, which would be a very good sign. I think the resistance at 11p is there for all to see. In the absence of Lyin Paul buying shares, as he said that he would, I think it will be a tough nut to crack. Let's see if he's going to put his hand in his pocket. GLA