Member Info for G_G_G

I know I was saying low to mid 5's post raise and getting into a slanging match one of the posters here who was ramping this share, but I didn't expect low 4's. One thing that I always find interesting is how share prices often settle near Mcap round numbers e.g. £30m.

I've been saying 'coiled spring' for a little while now. When we get +500k buying pressure it moves this stock +10%. And when we've found a bottom and we get +5m buying pressure we have moved +50%. I'm hoping we get the expected news (historical costs, final study submitted, binding EPC & O&M submissions) plus a tariff update saying 'on track for approval Q4' in the next few weeks. If we get this news I'm expecting 6-7p as the new range, and when we get tariff approval we'll be in double digits, which we've seen before. Tariff is the big key to unlock sp correction as it will signal Moz commitment. After this it will be mainly formalities and perhaps a bid for more or all of the company.

C'mon Hanno, time to get this show on the road!

Hi TheItalian, I don't want to be seen as cross-ramping but the other stock that I feel will at least double before year end is nccl. They're due some key pieces of news in the coming weeks that I believe will take them up to the 6-7p level (currently 4.5p). News of tariff approval by year end and it will be 10p+. It's in the run-up to FC, which is expected to be less than 12 months. I cannot see it lasting until that point (without being taken out by it's Chinese partner), but if it does it will be nearer 20p on FC. I'd consider myself a realist on most expectations and don't see these numbers as 'pie in the sky' predictions. But then again I hold 3.75m shares @4p in the company so I'm going to say that. It's also a coiled spring at the moment. Very good entry point for now.

I was in hzm until recently. Wonderful company and great mgt. I made 200% profit in the end off 3m shares. I think it may drift over there for a bit longer and feel it's a definite +50% over the next 12-18 months, but I don't see as multi-bag for a little while (unless it gets taken out in part or full). If it drops back to the 6's I'll go back heavily into that stock.

Oh, and if you want a super speccy I'm also in zioc. It could be a while yet, but when that stock blows it will be the stuff of legend. I continue to add a small part of any gains into that stock simply for the thought of one day waking up a multi-millionaire. I won't mention the other baggers I have an interest in as I haven't finished building my position in them just yet. I'll take a look at your recs below. Good luck here and elsewhere. Just need bloody ARS to get off it's ARSE now :)

Agree joe and hitman. Although I'm hoping for the deal to be tied up a little earlier than 3-6 weeks. I have another company that looks ready to rocket (2-3 bag in next 3 months) that I'd like to up-weight in.

is deafening. One thing I do like about these situations is the lack of trading shows most people are unwilling to sell below the current 4.5p level. It suggest we've found our new low and ready for the next leg up (he says). Plenty of news in the coming weeks. I wonder when fomo will start kicking in...?

Nice one Ecwhke, let us know if you get a response.

Good point caml. Yes it would be in their benefit. Maybe nothing, but still a very interesting point... Now don't be surprised if the twitter rampers pick this up and run with it :)

Ecwhke, are you invested here? If so, send Tony an email outlining your concerns about the legal case. It would be good to know the response.

My view is this is a 60:40. I'm pretty frustrated that I've gone quite deep in this company as it doesn't have the hallmarks of a hzm (one of my other stocks until recently), mainly because of the poor mgt decisions made by Tony over the past year or so. He has again left the company with little cash reserves in the expectation that a deal will be done on reasonable terms. I'm hoping that he is indeed in talks with more than 1 partner, as his dealmaking abilities versus AE show him to be the weaker party. On the flip side, I tell myself we have a proved-up (dfs completed) solid project. It's relatively low cost and quick to build. We know it has quite large upside. It's multi commodity. We're about to enter a commodities super-cycle, and copper is performing well at the moment. We have 2 permits remaining (one important permit that leads to the other). We're deep in talks for financing with positive overtures by Tony that we're close to a reasonable offer (in his view) being agreed. We've also just hired a local CFO, which points to a deal being close. Finally, I find it hard to believe that Tony is so incompetent and stupid as to keep throwing his own money into a company that he doesn't feel will come good. Same goes for Bruce Feng, although I'm unsure what that f@cker has done to earn all his cheap shares. So in my view the positives outweigh the negatives.

If it all goes Pete Tong then Tony should retire. To have such assets and the amount of money that has been invested to get us here and start stumbling and falling in the home stretch has been painful to watch. Low cash reserves are what's gotten us here, and this was a problem before Covid so it points to poor mgt. This is Tony's biggest mistake. But if he can pull off the deal on decent terms then ARS could just get up off it's ARSE and start building toward double digits again by freeing the Beutong beast. I'm looking for 4-4.5p on announcement of a deal.

Agree Westie it's a good long-term investment. I'm talking more about timing it, especially when there's a need for additional funding. Wrt to a placing being priced in, this is rarely the case. The more people know that a placing is coming the more they sell in order to have funds ready for the drop. Just look at PMO. I'd imagine the next placing to be higher than the last one, but not much higher. AIMHO

I always pop in to see how this company is progressing with milestones. To be clear I will absolutely be investing heavily at some point in the not too distant future. The project is fantastic. There's just one catch as always - timing. The company needs working capital and imo the rns today was to boost the sp ahead of a capital raise. It happens so often on AIM I'm really don't know why ceo's bother continuing with this sort of thing. The market by the looks of things hasn't taken the bait. Certainly not going to be a popular post this one but felt somewhat compelled to comment (as a de-ramper and all that cr@p). I'll see you all after the raise is done and dusted. Good luck in the meantime.

Chrishurch, I certainly hope you're correct. I'd take a double. A treble would be wonderful, but I don't see it happening until we have tariff approval and a very strong indication that FC will still occur in H1 2021. Then we'll have our double digits. GLA

Def not out of the realms of possibility tidd. My point is it will require Beutong to be shown to be similar to Alpala. In that case yes one could expect the mcap to rally to £150m+, especially if we have a minority share in a producing mine. Keep in mind that GGP have unearthed a huge gold system. One of the biggest on the planet, when the commodity is breaking all time highs and likely to continue on that trajectory for some time. We only have a few drill holes, and in Indonesia (not Oz). So we have nothing concrete in terms of Alpala type mineralisation... yet. FWIW I do think the sp will reach double digits again but only when they start drills turning again at Beutong and this deal is done and dusted on reasonable terms. But first the permits and the deal.

C'mon Tony, don't c@ck it up!

Yeah I don't see us getting back there unless there's very little dilution in the BK project and we show Beutong to be an Alpala (solg) type monster. The system is most probably similar, but the proving up will cost a fortune. To my mind we get to the first step of proving a massive porphyry system and then JV or get taken out. We'd have £150m mcap at 14p, but definitely possible when the deal is done and drills are turning at Beutong. How the mighty have fallen eh...

Not sure the relevance of any court case on unpaid consultancy fees here.

Main thing for me is the deal that's 'close' to being done. The issue is whether Tony can negotiate a deal that's valuable to his shareholders (and himself). He has undoubtedly played his hand pretty poorly of late. He timed his capital raises badly, and didn't have enough of a cash buffer in place. Consequently he gave away a significant amount of the company for very little to keep the lights on when covid struck. With or without covid we shouldn't have had such little cash reserves when trying to negotiate a deal. Tony alone is responsible for this position. Prior to this the project economics released in the well overdue dfs were underwhelming. As someone watching from the sidelines at this point I was genuinely surprised not to see a high 20's IRR and significantly higher npv. The fact there's a lot more work to be done to open up more value was also unexpected, as I was assuming all the drilling done to date would have opened up a bigger project then scoped. Plus there's the issue of outstanding permits. Best not to underestimate this last point as permits in this part of the world can be a real nightmare. Indonesia is well known as a brown paper bag country to do business. And sadly we don't have much money to fill a bag, which is why I would have preferred a local partner.

Having said this, we still have a decent project, with good economics, a relatively low capex required, and short build time. So the project can start generating income very quickly, which in turn will open up the wider regional play, which we know holds greater riches. If Tony is to be believed (stretch I know given some of his past statements) then the final permits are expected soon, alongside the critical investment to get this project moving.

So we just need to get that up-front investment from Aeternum where it's a win:win scenario for them and shareholders. I'm counting on Tony as a significant shareholder himself to make a deal that works for us. I see the downside here to be limited i.e. a bad deal I cannot see dropping the sp very far. Maybe to 1.5-2p range, but it wold need to be one hell of a **** deal to do this. My reckoning is an average deal will take us to 3.5-4p range, and a good deal will take us through 5p. I just don't see the sp retreating as Tony will have f@cked all pi's, Bruce Feng, and of course himself in doing this. If the permits arrive before the deal is completed then I see them taking us through 3p as well given it would further de-risk the project and strengthen our negotiating hand. I also believe Tony has pointed to the deal being close when hiring a local CFO, which simply wouldn't be done if they weren't at final stages. I currently hold 3m at 2.5p and nervously believe an average to good deal will be done. Mid range target 4-4.5p within the next month. GLA

I see the usual 100k buy being made. Incredible how they've kept the ask at 6p for the duration of this quasi-raise. I'm hoping they will announce at least the first tranche of 7m shares being sold at this level. Would be happy if they've sold both tranches (14m shares at 6p), as we know this will fund us until the end of next year at a minimum. If there's even a sniff of news on the horizon then I can see us jumping to 10p as the additional funding will have removed the main concern for many investors (providing we've sold at east the first tranche). GLA

Yeah I'm obviously of the same opinion Caterham. I bought and sold nccl on the JDA news. Since then I've come back knowing the story and how long it takes for this stock to get moving. I think a lot of investors are like yourself where they've been waiting for years since the JDA and the sp has languished as a result. If Hanno's to be believed we should be seeing double digits later in the year on tariff approval (hopefully not 2021). Never thought we'd drop back to the mid 4s. My average is 4.1p for 3.75m shares so quite happy with my holding and average providing Hanno can deliver some more pieces of the puzzle this year. Will add more if ARS gets off it's ARSE and delivers their deal that's also overdue. GLA

Man I keep digging on this share. Picked up 125k + 120k for 4.55p today. Now the nervous owner of over 1%. I thought my buys today would lift the SP given we have such low volume, but there's someone who's still offloading in reasonable sized chunks. Probably holder from the 3p capital raise. The thought of this project falling over is making me feel sick given my exposure here. Hopefully the last chance for mid 4's (forever). C'mon Hanno get it done! GLA!!!

Hi safetrader, in your opinion how would you compare value between the two companies?

Well that's me locked in for 2.5m @ 2.5p average. Would have liked to have a lower average but not too upset given where things stand. There's definitely a deal that's close to being made. If anyone wants proof then look at the recent hire. You don't get yourself a CFO if you're still drilling holes in the ground. Very clear and obvious that something is about to land. It's just what sort of deal is about to land. At the very least I hope that Tony has cut a deal that sends us through the 4p level. If not he should sell up and move on. There's been far too many promises and mistakes to do a deal for anything less. Keeping in mind there's been $70m of investor money sunk into this project over too many years to count, and when copper prices weren't as solid as they are now. It's now time to get some value back out of this project. I take solace in the fact Tony has heavily invested himself so won't do anything against shareholder interests (he says).

Wondering why to invest here versus Blackrock. Both are around the same Mcap, although it appears Blackrock are far further down the line with permitting, testing and offtakes. I understand they have a far higher up-front investment cost, which is always the greatest barrier for micro-caps, but they also have a much bigger defned project over phases. I'm interested to hear from any resident holders / experts the pros and cons of investing in ACP over Blackrock. All answers truly appreciated.