Member Info for GoldGeezer

Your narrative is correct but regarding the “coiled spring” this is evident by the MM action. They are trying to cover for a big fast rise, as best they can.

Yep - on board now.

😆, maybe as the Wetherspoons will be open 4 hours before the AGM.

Been on the sauce tonight 🤭!!

Have you read the news. Are you able to estimate the value when they meet their short, medium and long term objectives?

Even if you only hold a small amount relative to your previous holding, by the time your charts give you confidence to fully jump back on board, you’ll be paying much more.

The MMs messing around on titchy volumes make traders lose but patient holders will be fine.

On the 2nd March you stated you’d dipped your toe back in the water. I assume that acquisition was at a higher price than the price you fully sold out, shortly before.

I don’t believe it’s possible to buy a fair chunk now at lower than the price you sold at.

The trend has been down but not enough to justify trading, unless you’ve decided the fundamentals are now poor. Its been possible to top up at lower prices but not sell out volume and buy back in lower.

The volume is way too small to be concerned about the drop.

You can believe in the story but sell on the TA, if you want to lose money and walk away or buy back in at 0.4p as your heart tells you it’ll go to 1p

Be smart and HOLD!!

Charts are almost meaningless on an AIM stock trading peanuts. When daily liquidity is this thin the ‘trend’ is just market-maker inventory management, not real price discovery.

If there was genuine distribution you’d see expanding volume and repeated bid hits. Instead the price is drifting on tiny turnover, which normally just means there are no buyers stepping up yet.

In illiquid stocks the MM simply walks the bid down until demand appears — that’s not a bearish technical signal, it’s how the order book works.

Once real buying arrives the same chart can reverse several percent in minutes, which is why trying to apply textbook TA to micro-volume AIM stocks is pretty pointless.

And another. This is exciting!!!!

MMS are adjusting L1 pricing to encourage selling. Have been for a week and they’ve got several million cheap.

A common tactic to prepare for good news and volume.

Nothing so far is anything but positive

Yes AntiSincere

Reiterating my brewing post

Compounded confidence with the MM mark down on Fridays close. They are short, hence very wide spread 0.31-0.35 and BS mark down on close.

Something brewing.

Not sure why the bid is quoted at 0.31. It’s easy to get 0.322 probably 0.325.

Could be a big push at 2:30.

The remaining drill results pending are essentially step out from the first batch and another in the middle with the highest soil sample grades. Next week ……

Yes GoH

It’s also worth noting that the ESIA is way more complex and multifaceted than the EL.

It’s been deemed the mind is technically, environmentally and socially accepted.

The EL is more about if the Authorities want it. This is financial. They’ll want their slice of flesh but won’t want to kill it. They’ll also want to see a financial pathway of the development, so ORR will be in negotiations with a big partner to stump up US$60M. Doubt that’s BCM.

Agreed

The MMs have dropped the price based on a trickle of sales. It’s not dump based on any issues with fundamentals or news.

Any drop now with the associated tiny volume, is irrelevant to holders and an opportunity to join or top up.

When it gaps back the sellers and pontificators will be gutted.

*Drilling not drooling, but maybe both!!!

I’m surprised more hasn’t been made of IMDEX Limit being involved.

IMDEX typically works with mid-tier producer and serious explorers with scale potential

If they’re committing on site support, it can signal large scale justification, longer-term drilling pipeline and seriousness of development intent

These are bigger players than BCM having far superior technical expertise and a market cap of £1.2B!!! I’m not suggesting they are drooling but it’s pertinent that experienced “contractors” like BCM are teaming up with them.

Suggests some VERY big is brewing. The previous N & S drilling was just standard African low tech stuff, being BCMs bread & butter. Clearly Q2s drilling will be technically more advanced.

BCM are a contractor worth circa £200M, much of which is equipment and plant. IMBEX is a mining technology and data base business, employing circa 1000, mainly engineers (mining, drilling, geologists, field technician etc)

Did toy with the idea of buying here a year ago but I had reservations at the time. I still do if I’m frank.

The gold price has a tremendous run yet OMI is stuck down here. Not ideal.

Anyway, good luck to the long termers