Member Info for HarChris

They backed out of Homase when the gold price fell to $250/oz if I remember right, about 20 years ago. It’s a totally different prospect today at $3350/oz.

ARCM continues to be one of his top picks:

https://open.substack.com/pub/thatstocksguy/p/small-cap-mining-july-review?utm_campaign=post&utm_medium=web

I’m sure AIMSL would be happy to see that - guarantees they get their loan repaid and would see a nice return on their 26% holding.

I’m happy with Christina and Richard making that decision rather than cj and LDA.

We have always hoped that certain appointments would be tasked with dealing with the CLN but we’ve never had that made explicitly clear. Now we have.

I expect Heights to be paid in cash at the end of the month and a solution sorted very soon.

I also ask myself what Goldstone could be worth to a deep pocketed major? They could expand the resource to 1m ounces and we’re talking just $4-5m to build a plant to get at that 6g+/t ore. A potential $3.3B resource and current valuation is right now £5m.

Yeah the risk is worth it I think

Ouch! I’ve taken on more risk and bought another £2k at 0.54p. That’s a whole 20% lower than I bought yesterday and the lowest I’ve ever bought at.

Maybe I’m totally misreading this but I still think it will take such modest operational improvement to rise many multiples from here. Money where one’s mouth is and all that.

That's exactly why Richard Hughes was brought in. That was over one month ago and I imagine it's his sole focus so i'm sure financing will be sorted within the next four to six weeks and will be very satisfactory as it's led by such a heavy hitter in the small cap space.

All that matters is that SGC is approved and that 6103 is the gamechanger that CC and the management believe it is. The former funds the latter and looks highly likely to be approved.

TNBC and STS would be very lucrative bonuses.

This is exactly what was missed from yesterday's RNS, either intentionally or in some cases unintentionally.

When the share price crashed recently from 1.25p in April right down to 0.55p everyone was expecting the worst, that cash had run out, that a deeply discounted placing was coming, that perhaps AIMSL had finally had enough of propping GRL up.

Yesterday was confirmation that things are far better than that, that actually revenue is smashing previous years, that for the first time ever GRL is keeping their head above water without raising any cash. And with gold still at record highs they are one better gold pour away from a major turnaround here.

It won't happen til we get that pour, like you say, but it's still very much game on when it was looking like game over very recently.

Well if you're looking for new directors who are going to replace them and run the company for free you're going to be disappointed.

Every permabear predicts lower and lower and lower until they are eventually completely wrong and like I say, they disappear.

What? They took salary in shares rather than cash. Strange comment.

You two will both be long gone without comment if you’re wrong re placing, seen it so many times.

Avacta already have a placing every three months as it is , issuing shares to Heights every quarter. If a placing to a strong, credible, sticky II does away with the quarterly dumping of shares we will see a strong share price reaction.

Whatever comes next, even if a placing, will boost the share price from this lowly 30p price.

It’s strange. You look at a hedge fund like this and it’s clear to see that if they employed the same firepower to the long side they would see a massive return vs all those shares shorted just to ever so slightly hold the share price down.

I still think games at play on both the short and long side - if so we’ll see a ferocious move north when they’ve finished accumulating.

‘

I get it. End of the quarter yesterday, expecting the RNS for the share hand out to Nick & Mick soon. Another set of dilution as they own more and more of the company before they feck off.’

________

This is nonsense, they haven’t sold any, they won’t be selling any and if they ‘feck off’ like you claim there will be a massive vacuum and the share price will crater making their holding worth barely anything.

They only end up rewarded for success.

The grey bar for FY2027 makes no sense to me, I wonder if it's an error? Anyone that communicates with management, are you able to enquire?

The great news is it seems we are set to see immediate uplift in production this year. Currently the royalty to Orion is 9.63% but from the jig plant alone in H2 that will take the royalty down to ~5.5% - that alone should shave over $1000/t off the AISC not to mention the additional cost savings from such a significant increase in scale in H2.

All being well with this expansion and tin price the income and cash flow statements are going to look a lot healthier.

Woah, really going for it and explain the retrace from close to 31p. Got a battle on our hands here, might take tangible positive news to kick them to the sidelines.

'To further support the expansion of both mining and processing operations throughout 2025, operations continue to advance on the second lift of pads 3 and 4 and the extension to Cell 5 is now completed. The civil engineering work continues for the construction of Cells 6 and 7 and we should be in a position to provide an update on this work in the coming weeks.'

Let's hope that update comes alongside a record gold pour.