Member Info for HawaiifiveO

This surge in the gold price could not come at a better time for MTL - it is truly fantastic for shareholders - surely there will be a conclusion of re-financing - even on current production levels the rise in price will deliver another $12m in revenues compared to when the negotiations started - free cash will be increasing also - very very positive.

The market does not seemed to have latched on but for how much longer - the share price was trading 4p-5p with next to no production and gold at $1150 a few years ago !

Colin Bird is really getting his act together these days - long may it continue - deals - podcasts and now he buys 1m shares on market.

https://t.co/AdszJ8vU41

It was interesting when asked about the company's Italian assets - he said there may be a surprise at the next interview - is it possible he is selling them ??

Rumours surrounding SVS today on Twitter - one of Kibo's brokers

https://twitter.com/DonPabby_93/status/1157245837837291521?s=20

Commentary today suggests a short term return to the 1.4p-1.5p region, bouncing off the 50 day moving average - the RSI has fallen from 82 to 45 so considerable headroom for a move up.

This will probably attract some traders, fair dues, that is what AIM is all about.

Noticed some steady buying of Condor over the last week - maybe a small fund has spotted value - this is lagging other gold juniors in a re-rate but that cannot last.

No placing worries either.

I am taking the view here that we are very close to a deal being struck - only delayed by Typhoon warning in Hong Kong - those large buys in late trading Monday still stick in my mind - was a deal all but concluded but then the adverse weather delayed it ?

I think we will get a more comprehensive update sooner than later - MTL management are very good at keeping the market informed of events and I expect news next week - the fact Q2 results have not been announced makes me wonder if we will get a debt restructure announcement combined.

How frustrating but I remain very optimistic - more-so given the bullish forward gold price forecasts.

We now know why the share price would not accelerate past 3p like it did in May - yet another placing. I only have a small position here but already I find the situation as frustrating as I can recall.

Nonetheless the above said it is now all down to the drill bit - IF we get success then, despite those 40m odd new shares we will see very decent upside. Already this company is valued significantly below peer groups.

Fingers crossed, especially for those with larger holdings.

Worth listening to John Meyer on the same podcast after XTR - he speaks very well indeed concerning the political climate in Zambia and the mining environment - Colin said at the AGM he was well connected with the Ministry (good for getting permits)

Has moved to strong buy from neutral

https://www.barchart.com/stocks/quotes/XTR.LN

Zenith Energy ascends as well deepening operations progress (ZEN)

https://t.co/eqR5tbkB9Y?amp=1

It is truly incredible this is still kicking around the 3p level - it hit 4.2p on anticipation of operations a few months ago.

I would suggest when it does move it will be fast - no doubt many are sitting on the sidelines with their finger on the buy button if it starts to move up - that is how AIM works these days it seems.

It is quite something that a junior like Zenith actually own a rig - the rig looks in good order as well - it seems they are doing everything possible to ensure operational success.

The market value of the company is balmy compared to peers - this has to correct at some point.

Louis Castro said in March at the shareholder event he would buy shares in AST - he has not, he never even subscribed for stock in the placing - this is poor form indeed.

I am a strong believer that the BOD of any AIM listed company should have a meaningful level of stock as it demonstrates commitment.

Recent developments are interesting but I hope JB does not go into a shell and not communicate - he lives in the US which is not really ideal. Anyone that attended the shareholder event could not ignore his enthusiasm for AST's asset in Slovenia but he also pointed out the significant potential of Croatia.

Worth noting, at the same meeting, he informed that he had ability in dealing with 'difficult' processes (e.g. like getting permitting) I would not rule out some movement in this regard - has he been working in the background on this?

In conclusion we are entering a new era for AST but shareholders demand regular updates and long silence periods is not acceptable - maybe time for another shareholder event !

Just wish to point out that the bid remains strong into the last hour - I think that is a good sign, hopefully tomorrow morning our long awaited patience will pay off.

I wonder if there will be another flurry of buying activity in the last 30 minutes or so.

The investment proposition seems compelling (to say the least) at current levels

£10m a year income to GLR for 6 years

A must listen for those that have not ....

https://audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks

After that late buying flurry I felt sure a RNS was due this morning - nonetheless do not ignore those buys - remember key RNS's have to be checked by the Nomad and probably lawyers so it is not without foundation that some insiders could have bought in.

I am feeling pretty confident of a positive outcome - with gold above $1400 oz and many believing it will go far higher - a much better place for MTL than when the price was $1150.

Later today or tomorrow news is guaranteed.

I have been in the market a long time and followed/bought many oil stocks over the years - Zenith is unique as.......

The share price never rose in anticipation of the drill date
The share price never rose on the start of operations
Selling (at near all time lows) has continued over the entire time - even before any outcome can be known.

It seems to me that certain entities are betting on operational failure - I posted recently how Align Research (Zak Mir & Co) have been bashing this ever since the unexpected placing - a very strange thing to do given on operational success the stock would probably multi-bag.

The shares rose to 4.2p before that placing and many thought 5p+ was likely ahead of spud - not so.

All very strange indeed.

There doe appear to be some reasonable buying at these levels - it started yesterday and has continued this morning - is there news coming or simply value seekers entering the market.

Gold is forecast to breach $1500oz - Condor has not benefited by way of share price appreciation like other juniors so perhaps a re-rate is forthcoming here.

Seems a good entry/top up point IMO.