Member Info for HawaiifiveO

My advice is ignore TSP - the fellow seems clueless, the operating and administrative expenses includes costs incurred by XTR for their share of the alluvial operations.

Those seeking a lower entry point for a trade may be disappointed, at any time XTR could receive an offer for Fairbride of circa $20m

Its not a question of the banks opening their wallets but agreeing to re-structure the current debt level, the results are historic and should be viewed as such.

What was painfully clear was the old Board were not up to the job but have now been replaced by high caliber personal, already we have had the first ever profitable quarter, there is risk but the rewards could be outstanding in due course.

It was pleasing to see the positive statement suggesting a positive outcome to the debt restructure - it does look like another extension of the Standstill Agreement but we should get news on this by tomorrow or Monday at the latest.

I suspect the share price will recover later today.

The investment proposition has improved significantly today, clearly the current £3.5m m/cap is a anomaly, I suspect once the short term trader/profit takers have moved on we will start to see a lasting re-rate.

The interesting aspect in the Hard Rock deal today is the sale of Fairbride option (yes it is only a part of Manica) for circa $20m

The market can now expect to hear on-going news-flow from here-in which, as we know, is exactly what drives a re-rate.

The shares were trading at 2.85p before the demise of Beaufort in Q4 2017, same shares in issue as then so you can see that a share price in excess of 3p would not be an unrealistic target, even the the m/cap would only be £11m

This is great news + the option they can buy it for $20m - I wonder if this will be the preferred option by both parties.

Hard to determine whether there will be another extension or the matter will be concluded by May 31st.

It was odd that the Standstill Agreement was only extended by 1 month last time, did not incorporate Q2 production which I thought would be very relevant. It would suggest that a deal was near completion.

In effect nothing much has changed, clearly all parties want a resolution and hopefully this will be beneficial to shareholders.

Happy to hold and wait however long it takes.

Interview today

https://www.youtube.com/watch?v=q7xN_mYyf1Q&feature=youtu.be

Interesting that no AGM resolutions appear in the Annual Report as is normal.

Entire BOD cash based salary was £245,000 for the year - total salaries including staff (assuming in Slovakia) & BOD was £570,000

https://www.ascentresources.co.uk/wp-content/uploads/2019/05/2018AST_AR_FINAL_WEB.pdf

It must be time for an update concerning the SR - interesting that Bell, Kaintz and Stephen Pearce have all been buyers of stock over recent months.

Pearce has 16% and Paul Johnson still holds abut 4%, I wonder what is going on behind the scenes?

Sub £1m m/cap, anything is possible.

Katarzyna Badowska
?

@1969Mala

14m14 minutes ago

#ast translation into English:

"Subject: Oral parliamentary question for the 8th part of the National Assembly In accordance with the fourth paragraph of Article 242 of the Rules of Procedure of the National Assembly, I send a written application of the oral question of the National Assembly Violeta Tomic with regard to the procedures for issuing a permission for fracking in Petišovci, which will be set at the 8th session Of the National Assembly. With respect!

This 8th session Of the National Assembly will take place today!!!

https://twitter.com/1969Mala/status/1130354937924325383

https://www.youtube.com/watch?v=JKuqTFOd1jo

https://www.ukinvestorshow.com/videos/jubilee-metals-group-plc/

I see the AGM is at the rather early time of 9.30am on Tuesday 18th June, despite this I am sure many shareholders will attend.

I would suspect, by then, we will have news on a number of fronts, I would expect Colin to deliver something positive by June 18th, as such it is probably a good time to either buy in or add to positions.

The Annual Report is not on the website yet so one awaits the AGM resolutions.

I believe there are quite a few investing folk have their eyes on MTL but may be reluctant to buy until it is clear the debt discussions have completed with a satisfactory outcome.

Those who have not followed events are already well positioned - if the news is positive the share price will be far far higher than current levels, even then hard to buy in any size. I remain convinced there will be a satisfactory outcome and am well positioned.

This is very much like another AAZ scenario they hit 94p today - were in a similar boat to MTL a few years ago with a share price circa 4p - the time to buy MTL is now - the best money on AIM is made by the brave and/or well researched types !!

DYOR etc

Results better than expected
Confidence building re well stimulation permit being awarded
Compression equipment being ordered
3d seismic data news coming soon
IPPC permit now awarded against expectations

In general not a bad combination for a sub £10m company with a project with a NPV circa £190m - maybe the sellers will soon become buyers - why not indeed - the bottom is surely in place.

This company has to be the most bashed on AIM - let us take a look at who is at it, like them or loathe them the names below all have a significant retail follower base.

Shareprophets - various commentators
Brokerman Dan - his blog
Doc Holiday - via Twitter
Ben Turney - via his blog - formally with Shareprophets

No doubt there are others but these names alone have helped to destroy shareholder value - it is also a known fact that bashers work in groups and multiple aliases on bulletin boards.

Ignoring the CEO and his salary it is a FACT that the ONLY reason the share price is where it is is due to the policy of the Slovenian Government, had those permits been delivered last October, as was expected, (before Leben intervened) the share price would be over 2p - possibly higher - FACT

Oddly none of the aforementioned bashers mention this is their critique - strange that.

Attendees at the last investor evening were told by John Buggenhagen that AST had one of the best projects he had ever come across, he would stake his reputation on turning around this company. So who to believe ?

Delivery of the well stimulation permit will drive the stock price to 1p+ in a flash - this could come at any time !

DYOR

I have attended a number of Turner Pope presentations - they usually have a high number of High Net Worth individuals present and most of the time companies presenting have a new story to tell during the event.

Generally speaking most companies presenting deliver news-flow ahead of the evening - I am not saying WDC will but I suspect it is highly likely.

I think the SP weakness is a good opportunity to get in near the bottom - I have taken full advantage of the drop back and see .50p as a realistic short term target.

Am expecting a plethora of news-flow from Oriole over the next month.

Iamgold confirmed last night they expect to hear news about the gold Mining Licence at Boto Senegal shortly, they suggested it would be value creative to them, that is some statement from a $2 billion valued company.

It is clear that ORR will benefit, it would mean Iamgold have a green light to proceed, it would also enhance the possibility that they could buy out surrounding ground which would obviously include ORR's nearby Dalafin (Madina Bafe) concession.

Whilst news on Senegal/Iamgold/Boto is welcome the real jewel in the crown seems to be Oriole's entry into the Cameroon - looking at historical news releases from former concession owner Reservoir Minerals it looks like the project Oroile acquired from them could eventually become world class.

It is hard to reconcile how the market currently places no value to these two projects nor the new management - this company should be valued at multiples of the current sub £3m market capitalisation.

Anyone who can hold beyond a few days should make a considerable return entering at current levels - there is some chatter around some entity is accumulating in the background - disclosure rules are weak on AIM to say the least - it is possible.

I am staggered the share price still sits below 1p, the company delivered a a cash positive position in Q1 for the first time in their history - that will clearly help the ongoing financing discussions.

It looks very unlikely there will be any placing due to the woeful share price - the major holders will see to that.

Very telling that the recent Standstill Agreement extension does not stretch to end of Q2 so the banks can take a view on production numbers. My bet is we are reaching the end game, more-so as there is no comment in the last RNS about being able to extend the Standstill Agreement further like before.

In my view there is minimal time left to buy in at current levels - a re-rate will be immediate on a successful re-financing package.

Make no mistake there will be another run up in the share price - there always is ahead of a potentially company changing drill programme.

No doubt there will also be another Twitter 'promote' which took the share price up 1p in a day to 4.15p at one point.

Current price is an opportunity to get in ahead of the next ramp and/or news - CEO buying as well is not to be sniffed at.

Can see another move coming soon - will probably be around 4.5p-5p ahead of the spud - whenever that will be !!

The stock in question is Oriole Resources (ORR) OK it is not a producer BUT it seems significantly undervalued - I spoke with a sector analyst at MC - he said this was one of the most undervalued juniors he had come across in some considerable time, pointing to the quality of the executive team.

The company has a $8m JV with a $2 billion valued company called Iamgold - it appears they will build a gold mine very close to ORR's ground in gold rich Senegal - talk is they will buy ORR out of the project called Dalafin.

Critically Oriole Resources has a Tier 1 brand new management team, all have worked for majors or mid caps historically - their aim is to turn the company into a project developer selling projects for multiple returns (in excess of £20m)

OK so why buy now.....

* talk is a large short position has recently closed out
* they have cash and cash due circa £1.8m
* Mining Licence decision imminent - Iamgold has applied re the $8m JV
* they are pursuing £800,000 tax refund in Turkey
* they hold 30% of TSR - aim to list on the TSX with an IPO 'target' of $25m
* gold project in Cameroon - RNS'ed bonanza grades - more news imminent

It is hard to believe the company is only valued at £2.8m given the above but there-in lies the opportunity

Oriole Resources (ORR)
700m shares in issue
Market cap £2.8m