Member Info for Greg25

All they have to do is prove up the asset and prove up the production. Which they are already doing both.

PI's virtually holding all the shares, so the door is open for some serious investment/takeover/joint venture

They're reinvesting it all in the business... I'm pretty sure they'll be a takeover/jV within 12mnths

Short term traders getting rinsed again. Charts only work if the majority are using them, the clown Borg knows that very well.

The release timings for RNS announcements has become irratic since valentine's day when Clear Capital became joint broker.

It won't change the results though, I'm expecting a minimum uplift of 300Koz

5p by Xmas target is still on

You'll see

LOL it's coming home IMO

Tut tut it's going to be a night to remember.
Wonder if we're going to see any more large holders taking up positions in the next few weeks here.

Aprogerson 300Koz is the minimum I'm expecting.

Over 80 drill holes of data will give a clear picture on the 1.6mile strike.

8gt is high-grade and they're putting through 2.4gt saying that's high-grade, the devil is in the detail the profitability must be high to lower the high-grade threshold to 2.4gt.

Good Luck All holders and to those who have sold recently it's probably best not to look here when the MRE is announced

300Koz minimum uplift inbound IMO

Even though the high-grade 2.4gt currently in plant 1 , is classified as low-grade being below 5gt but threshold for high-grade (8gt) has been dropped because of the profitability .

ID78 page 11 on latest presentation predicted production 24koz plant 1 higher grade 10,515oz the rest is low grade including tailings.

Over half of the future production will be from low-grade

It's fine by me if they want to base the high-grade mineralisation on 2 or 3 holes and I'll base mine on over 75 of the other holes that's been drilled.

I'm expecting 300koz minimum uplift in the upcoming MRE.

They're going for 2Moz there in the end so this sentence makes a lot of sense to me, especially the last bit.
Results continue to confirm strike and depth continuation of the mineralisation with strong gold grades, consistent with expectations.

You'll see

Suggy don't embarrass yourself further and wait for MRE or look it up

It's you

I'll make this simple for you

0-5gt is low grade 5-8gt is average grade 8gt+ is high grade.

The lowest grade drill result that made the RNS was 1.65gt. This becomes the bar as lower grades weren't reported meaning everything else is from 0gt-1.65gt.

As you can see the grades of the drill are clearly in the low grade zone.

The RNS says assay results confirm high-grade mineralisation

How is can this high-grade mineralisation be made possible from low grade results?

The answer lays within the profitability of the gold, dependant on relative depth and thickness of the intersect, the high-grade mineralisation (8gt) threshold becomes dramatically lower when it's cheaper to extract and there's loads of it.

0-1.65gt must hold a lot of ounces of gold to be considered as high grade mineralisation.

You'll see.

Bebo, it's a massive increase it's all there to see , the low looking drill grade and them saying higher-grade mineralisation, the hidden divergence in that low-grade high-grade scenario means the whole area contains far more gold than previously thought.

When this is the bar set for results in the RNS
Hole KPGRC047: 6m @ 1.65g/t Au from 79m

using phrase's like these
Assay Results from Kilimapesa Hill Confirm High-Grade Mineralisation

Results continue to confirm strike and depth continuation of the mineralisation with strong gold grades, consistent with expectations.

To date, we are very pleased with all aspects of the drilling campaign and look forward to not only an increase in ounces and confidence levels in our mineral resource but also, and importantly, improved information and quality of the existing resource to aid us in our planning and mining operations. Having only begun our in-house drilling in December 2021, we are very pleased with how well the drilling teams and the rigs are performing."

Not much time left to take your positions here.

They're targeting +2Moz from the whole KPG area and these higher-grade drills already completed are going to increase current resource by at least another 300Koz.

You'll see

300koz minimum increase

Aprogerson I see what you did there, the strike has increased by 38% and you've increased by 38% to make 200koz.

Have you ever wondered why they keep saying high-grade and strong grades when you look at the low-grade looking drill results?

It's because the high-grade threshold is relative to the depth and thickness of the intersection.

There's a lot more gold there than most people think.

You'll see as the climb up will start from this week's massive results

They can't replace a working capital £5m CLN 18 month loan facility with a £2m strategic placement without making up the £3m difference. Current production is variable as it's being upgraded.

Robbie has already stated they can't do another placement for several months.

They have already streamlined the purchase in Tanzania and increased the amount payable by $1m USD.

Robbie has said what they can't do but hasn't said what they can do.

So what are the facts and what is the most likely option available.

They need more capital by end of July
They can't add to the share count
They can't say how they can raise more funds

They can't say at the moment because there's a 3rd party involvement and they're going through the process.

A look at the company's finances will reveal just £50k difference between MCAP & EV therefore the company is carrying very little debt.

They are a gold producer so they have the means to service a larger debt facility.

Most likely option is they are involved with a 3rd party and looking to increase their debt to provide near term working capital.

Hi Trek,
yes agree I've also known circumstances whereby they actually sold at a loss knowing they'll recoup more on the conversion. Perhaps that's what's happened here?
The risk is in the expiry time parameter of the warrants and the company achieving their goals.

PXC does look like an innovative way of raising funds without dilution. There's several non-dilutive avenues the can take and they also have a clear advantage being a producer which widens the possibilities.

ATB