Member Info for HarChris

The GMET chat is frustrating, it wasn’t ’clearly’ going to keep going up until POW divested (was going to happen at some point) and the highly credible investor entered.

If POW hadn’t sold that big tranch my guess is GMET would be at about 70p today, that’s not a lot higher than the price agreed with the investor.

I'm disappointed by those results but if total cash burn can be brought down ~30% (can't see why not) and we add the ~£0.95m due from Anglo/Avanti then i'd like to think that at least takes ARCM to mid 2026.

The drilling in Zambia will still decide the eventual outcome here.

On a surge with interest and sentiment surging - this is going to do POW no harm whatsoever.

…PXC no longer reacting to such events.

Grasberg Cave mine suspended in Indonesia after a shockingly tragic incident.

Having more than 10 bagged since early July there won’t be any issue for them raising $625k to meet their obligation to ARCM by Oct 31st (mcap currently $57m).

So when we get interims this week we can add in $625k + $666k (Anglo Nov payment) to work out runway. That should take us right through 2026 if the cash burn has come down as expected this year.

Being in GDR whatsoever over the past year seems an incredibly poor investment decision. Selling at 0.82p is better than 0.3p sure but it was still the all time low at the time.

Hope you didn’t lose too much with that one.

Often a retail offer will be based on your holding so for example you might be offered 1 placing share for every 8 shares owned. I guess in your case they might round up 1/8th of a share to 1.

Did anyone see the Invinity update yesterday? They are bidding for 16.7GWh of VRFB storage between now and 2030. Sure they aren’t likely to win all those contracts but even 30% would equal 5GWh and require ~20kt of vanadium.

Over say four years that’s 5% of global supply per year, a not insignificant amount.

Who knows, vanadium could well see a major recovery with VRFBs and steel recovery over the coming years and that will see interest and value added to JAN’s desirable vanadium project once again.

Nobody objects to opinions, it’s the way you frame everything you believe as fact that’s tedious.

It may turn out to be the case in this instance but there was always the possibility of a number of market moving updates within that time period which may just happen to land in October now, or November.

A bit less arrogance and I’m sure you’d get less of a reaction on here, but I doubt that’s even something you want.

No I’ve not sold as I said the other day, with gold going crazy there’s a a chance of survival here.

It says everything about this management though that it takes $3800/oz gold to give them a chance to stay in business - still very risky though and can see AIMSL taking the lot on the cheap.

From the 3rd Sept RNS:

The work programme includes:

· 31 trenches of 100 metres each (3,100m total), with 24 scheduled for completion by the end of September 2025.

· An 1,800-metre reverse circulation (RC) drilling campaign, focused on TP02, commencing in October 2025 and lasting ten weeks.

· Topographic and geophysical surveys, as well as chemical analysis of over 600 historic samples, with 10% subject to QAQC verification.

· Ongoing collection of grab samples, with assay results expected within the next four to five weeks.

_________

I’d expect an update a bit later than this week, perhaps next week.

It truly is a potential multibagger here from a mere £4.9m valuation. Initial expectation is for a 350 ounce JORC compliant PEA as well ‘correlation with magnetic structures strongly indicating the potential presence of a large-scale deposit and we are confident of 1 million oz’

So for a mere £500k more in shares JAN could well own 50.1% of a 1m oz open pit operation… one would expect a NPV for JAN’s share to be in the hundreds of $m.

And with those 133m warrants at 1p a big run in the share price would see further funding at a meaningful premium to today’s 0.79p.

… for all those that moaned about insiders close to the management getting cheap shares - here’s your chance to get them at essentially the same price.

Share price means nothing, it's just a number relative to number of shares a company has in issue.

A company size is valued by mcap and AVCT is 45 times bigger than N4P.

Your thesis is possible but I don't think it likely. If there was a successful company to be had here Emma would do that, start giving herself $millions in bonuses out of the profits and raise her reputation in the mining world. She almost certainly would do that versus the highly illegal route of intentionally crashing the company so her and a small cabal can take it private.

There's gold for sure here but they are failing to extract it economically, even in a $3700/oz gold environment.

Nothing surprising, solid future outlook and gold at $3700/oz.

' The Directors have a reasonable expectation that the Group will have adequate resources to meet its capital requirements for the foreseeable future. For that reason, the Directors have concluded that the financial statements should be prepared on a going concern basis.'

No mention of any further funding needed for the foreseeable. Blue sky ahead if the next drill results are positive at Paranaita.

It’s true that those with the smallest margin are most leveraged to the gold price BUT Thor has this tax holiday til end of next year which means they see 100% cash gain from any gold price appreciation. Others don’t, they’ll be paying 20% or even as much as 35% of any additional margin in tax.

They would have announced it if they were making tidy profit. The full year results focused on the money that needed to be raised, not any post period profit.

‘I change my view on whether I think the SP will rise or fall based on the technicals and new info released.’

_______

You change your position based on the technicals and then you subtly change your narrative based on that position, that’s not the same.

They did a placing… in late June. Enough money to fund current operations to profitability in this tin environment.

We’re not there yet til the jog is commissioned and production dramatically increases but we should be soon.