Member Info for ICB888

There will not be any significant new information released at the AGM because that would require a separate RNS. This is just a routine AGM to comply with legal requirements.

Interesting to note what the RNS says about theOTCQX Market:

“ About OTCQX

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.”

This is a very positive step to encourage more investment from US investors.

I think it’s worth posting the conclusion:

“ Conclusion

aminex

• Revived low-cost Company with no current debt and cash to meet forecasted costs to Q4 2024

• Funding facility to meet running costs to first gas

• Large supportive cornerstone investor in Company with key asset and partnered with strong and competent operator

• Delivered key milestones over the past 18 months with recent award of 25-year Development Licence and a clear path to first gas

• Multiple significant near-term share value inflection points on Ntorya development:

1. construction of pipeline from Ntorya to Madimba

2. tie in of NT-2 for production

3. drilling of CH-1 in new optimal location

4. testing of CH-1 and completion

5. recompletion of NT-1 following work-over

6. revenue from first gas production

Aminex started this story more than two decades ago - now on the cusp of significant value growth with gas development onshore Tanzania with commensurate economic value to both

Tanzania and Aminex shareholders”

I don’t think we will be waiting long for the MULTIPLE SIGNIFICANT NEAR TERM SHARE VALUE INFLECTION POINTS to be announced by RNS.

Just watched an excellent presentation by the CEO which will soon be available on the website and Investor Meet. Well worth watching. Others clearly liked it as Up 3.45% at 120p which is a new 52 week high.

SVML take further steps to advance the project with today’s RNS:

“ NEWS RELEASE I 26 JUNE 2024

SOVEREIGN PARTNERS WITH INTERNATIONAL DEVELOPMENT ORGANISATION IN MALAWI

· Sovereign has entered into an MoU with The Palladium Group - a US-based international development entity operating in Malawi.

· Palladium implements several development projects, including the Feed the Future Malawi Growth Poles Project, which invests in local rural communities to advance sustainable, climate-smart, and inclusive wealth creation.

· Sovereign and Palladium will collaborate around Sovereign's Kasiya Project to provide key agricultural inputs, training, technologies, and financing to develop and integrate smallholder farmers into the emerging high growth agriculture value chains.

· A central pillar of the MoU and partnership is Sovereign's existing Conservation Farming Program, which aims to promote tried and tested improved small-scale agricultural practices, and the creation of community support and mentorship networks.”

POW should rise today as it has not yet reacted to yesterday’s 15% rise at GMET which is its largest and most valuable holding, owning circa 50%. Further news on its many projects can drop at any time.

GMET is now Up 17.39% at 27p on volume of 637000. POW is only just starting to react with buys at 18.25 and 18.34p. This has been the pattern on previous large rises at GMET where the POW rise follows after a few hours.

Now Up 15.22% at 26.5p on volume of 561000 as investors digest the interview with Oliver who is clearly very excited about the drilling results.

It is possible that Oliver will wait for the US to wake up (it’s 4am in Nevada) before releasing an interview. It is also likely that US buying will lift the price and the volume. When the previous update was issued on 11th June we saw volume of 2.66 million and GMET closed at 27p having hit 28p intra day. We would seem to be in a better place today and logically we could expect to see a new high for the share price.

Neil England, Chairman of Augmentum Fintech plc commented:

“The Company’s NAV per share after performance fee at 31 March 2024 was 167.4p, up 5.4% from 31 March 2023. This continued our history of increases for every reporting period since the Company’s IPO in 2018.”

“The UK equity market has been largely out of favour and investment company discounts are running at historic highs in many cases. However, UK inflation numbers are improving, and history suggests that growth companies such as Augmentum will be early beneficiaries of any rally inspired by declining rates.”

“We maintained our investment discipline over the last year and, with our strong cash reserves (£44.8 million as at 31 May 2024), we are well placed both to take advantage of new opportunities and to reinforce our appeal as a supportive investor. We have a healthy pipeline of opportunities under consideration.”

Tim Levene, CEO of Augmentum Fintech Management Limited commented:

“Several portfolio companies have posted meaningful profits this year and have attracted substantial growth capital of over £150 million during the period. The operational performance of the vast majority of the companies in the portfolio has continued to be strong, with an average revenue growth of 65% across the top 10 holdings in the last 12 months. There have been some standout results, in some cases ahead of expectations, and the majority of our companies have over two years of cash runway.”

"Fintech’s market share of global financial services revenue remains below 5% but is set to more than double during the next decade as fintech companies both disrupt incumbent firms and become their partners for delivering digital transformation and harnessing the potential of new technologies. Hundreds of valuable companies will be built in Europe to support this change. In our view, the European early stage fintech ecosystem has reached an exciting point of maturity.”

“This year, we have crossed several important milestones; six years since IPO, six exits delivered to the Company and the first portfolio position rising above a fair value of £50 million.”

RNS Significant Interim Drill Update

The title of the RNSmakes clear this is very good news:

Pilot Mountain - Significant Interim Drill Update

Extensive Mineralisation in Hole 1 (Desert Scheelite) and Mineralised Porphyry Intersected Through Entire Hole 2 (Porphyry South)

Oliver Friesen, CEO of Golden Metal, commented:

"I am extremely pleased to provide this interim drill update with our first two holes testing separate targets and both delivering very exciting visual results.

"PM24-001 has significant mineralisation/alteration observed over very large intersections and ended in mineralisation. Based on detailed drill core review and utilising blacklight testing, strong scheelite (tungsten) mineralisation has been identified and we look forward to the drill assay results which are pending to confirm the tungsten grades from the 115 samples submitted to the laboratory.

"Drillhole PM24-002 intersected a mineralised porphyry system throughout the full extent of the hole from just below overburden at 22m to 407.1m (EOH), which we consider to be a remarkable result considering this represents the first drillhole ever completed into this target.

"Importantly, we have gone from geophysical concept, to geological confirmation, giving the team further confidence in the other priority porphyry and skarn-type targets areas our technical team has developed across Pilot Mountain (1-Porphyry South, 2-Desert Scheelite Parallel West, 3-Porphyry West) and Garfield (4-Power-Line, 5-High-Grade Zone).

"We will now bring in a porphyry expert to assist the team in further reviewing drillhole PM24-002 as well as all existing data, to help guide subsequent drillholes into Porphyry South.

"In the current planned 2,000m drill programme, which we expect will be expanded given the positive findings to date, there are many holes remaining and the drill rig has now moved to our next target area where drilling is underway.

"The geophysical programme announced 11 June 2024 is also progressing well and should be finished in the coming days with preliminary results to be received by the Company shortly. We very much are looking forward to receiving further drill programme and geophysical results and then disseminating to the market as soon as possible."

The title of the RNSmakes clear this is very good news:

Pilot Mountain - Significant Interim Drill Update

Extensive Mineralisation in Hole 1 (Desert Scheelite) and Mineralised Porphyry Intersected Through Entire Hole 2 (Porphyry South)

Oliver Friesen, CEO of Golden Metal, commented:

"I am extremely pleased to provide this interim drill update with our first two holes testing separate targets and both delivering very exciting visual results.

"PM24-001 has significant mineralisation/alteration observed over very large intersections and ended in mineralisation. Based on detailed drill core review and utilising blacklight testing, strong scheelite (tungsten) mineralisation has been identified and we look forward to the drill assay results which are pending to confirm the tungsten grades from the 115 samples submitted to the laboratory.

"Drillhole PM24-002 intersected a mineralised porphyry system throughout the full extent of the hole from just below overburden at 22m to 407.1m (EOH), which we consider to be a remarkable result considering this represents the first drillhole ever completed into this target.

"Importantly, we have gone from geophysical concept, to geological confirmation, giving the team further confidence in the other priority porphyry and skarn-type targets areas our technical team has developed across Pilot Mountain (1-Porphyry South, 2-Desert Scheelite Parallel West, 3-Porphyry West) and Garfield (4-Power-Line, 5-High-Grade Zone).

"We will now bring in a porphyry expert to assist the team in further reviewing drillhole PM24-002 as well as all existing data, to help guide subsequent drillholes into Porphyry South.

"In the current planned 2,000m drill programme, which we expect will be expanded given the positive findings to date, there are many holes remaining and the drill rig has now moved to our next target area where drilling is underway.

"The geophysical programme announced 11 June 2024 is also progressing well and should be finished in the coming days with preliminary results to be received by the Company shortly. We very much are looking forward to receiving further drill programme and geophysical results and then disseminating to the market as soon as possible."

SVML having a positive start to the week Up 5% on volume of just 108000. I imagine investors are positioning themselves for next month when RIO must decide whether to exercise their option to buy another 5% of SVML taking them to essentially 20%. RIO have been extensively involved in working on the project which has been progressing very well on all fronts. It would be extremely surprising if RIO didn’t add to their holding which will of course inject substantial further funds into the project. It will also be a massive vote of confidence in a project that will in all probability be taken over in it’s entirety by RIO before too long. The price will have to reflect the value of the prize, which is a world class tier 1 project.

Https://audioboom.com/posts/8528813-midweek-takeaway-with-leon-coetzer-ceo-of-jubilee-metals-aim-jlp-jlp.

If you listen to the numbers put to Leon regarding the copper production that is now ramping up it’s mind blowing. Next year they should be making profit that’s similar to the current market cap from copper alone. Well worth listening to the podcast.

There is no need for news to warrant a rise. The information is already available to show AUGM trades on a large discount to its NAV that is completely unwarranted. Perhaps in advance of the Capital Markets Day the market is starting to realise the va7here.

I didn’t count but several times! It’s clearly the sound bite he has chosen in the same way that Kier Starmer tells us every 5 seconds that his father was a toolmaker. I have no idea why he thinks that is the principle reason he should be elected but if he says again can someone pop round and insert a large spanner where the sun don’t shine. The only thing that is without doubt is that is father produced a completely useless tool as his son!

The Stockbox interview is now out on utube. It’s 37 minutes long and just focuses on Tungsten at Pilot Mountain with a full recap on the project right upto the current drilling which has now been underway for a month.

I very much agree with your comments regarding Purebond and the returns they will be looking for.

We had the after hours RNS on Friday putting more cash in the coffers:

“ Final Exercise of 17p Warrants

Golden Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces an exercise of warrants.

Warrant Exercise

The Company has received notices to exercise warrants over a total of 805,052 new ordinary shares of 1 pence each in the Company ("Warrant Shares") at an exercise price of 17p per Warrant Share, raising £136,858.86 for the Company.”

The week has started on a positive note Up 4% to 26p from 37 trades on volume of 225000. Drill news could be released at anytime so the question I would pose is will anticipation of good news or indeed actual good news take us to 30p this week.

An interesting start to the week Up 5.56% on volume of 365000 in the first 45 minutes of trading. CNR has been drifting down on low volumes but today we have the highest volume for nearly 4 weeks in the first 45 minutes of trading.

Here is the conclusion to the article which gives his valuation of POW based on the 5 assets he has reviewed this week with more to come:

“ We know that the last transaction in FDR shares before being acquired was 8p per share — with a market capitalisation of £3.1 million. Add in the £1,125,000 in capital raised thus far and you have a value of £4,225,000 — £2,475,427.50 of which can be attributed to POW’s shareholding.

Given the hugely improved economics of both gold and uranium since then, we will round this up to £2.5 million though arguably this is an underestimate.

Add in the £32.4 million comprising the Athabasca portfolio JV with ACAM, Golden metal shareholding, Power Arabia and GSA — and we’re up to £34.9 million.

Tune in on Monday for the next set of POW assets: holdings and interests in ION Battery Resources, First Class Metals, Kavango Resources, Molopo, Tati, Silver Peak and more…”