Member Info for ICB888

Several large trades currentltly totalling 12 million have just been late reported from after the close yesterday.

Clearly 10p is significant psychological point and we are seeing profit taking as people who bought in at the 2-3p level are sitting on 300% profit. Once these profit takers have finished the rise will resume as most of us are in for the big prize on the green light which should make 300% look like chicken feed.

It looks as if the engines are now warming up as CHAR is Up 3% and some large buys are starting to appear such as 175000 at 8.84 as the volume passes 2 million.

Now Up 16.2% at 10.75p on volume of 1.4 million.

Now Up 6.76% at 9.875p on volume of 530000. The assault on 10p is going well and where does it go from there.

The assault on 10p appears to be underway. Currently Up 5.4% at 9.75p on volume of 420000.

40 million shares is essentially 4% of the company and hence a notifiable transaction. The only 2 shareholder with disclosed over 3% holdings (apart from 5 major retail platforms that have a total of 33%) are

Westward Investments

(Adonis Pouroulis – CEO) 8.2%

Mr Askar Alshinbayev 5.6%

It seems highly unlikely that our CEO will have sold shares so logic would say it’s Askar Alshinbayev.

Tomorrow should be another interesting day when hopefully the rise we expected on this mornings news will get underway.

4 small upticks and CNR is Up 3.36% at 30.75p on volume of just 182000. The largest trade so far was a 63000 buy at 31.5p which is full ask. Now CNR has broken 30p it will probably move quite quickly to 35p if some volume kicks in.

Chariot have reached the important milestone of moving from an Explorer to a Developer is the concluding statement in that video.

Augmentum Fintech plc

Portfolio Company Onfido Acquired by Entrust

Augmentum Fintech plc (LSE: AUGM) (the “Company”), Europe’s leading publicly listed fintech fund, notes the announcement by Entrust that they have completed their acquisition of Onfido, a portfolio investment of the Company.

Augmentum’s understanding of the terms of the transaction implies a valuation of the Company’s investment in Onfido at £10.1 million (30 September 2023: £9.7 million representing 3.6% of the value of the portfolio).

The Company initially invested in Onfido the AI-powered digital identity verification business in March 2018 with a £4.0 million investment as part of a US$50 million funding round, with a further £3.7 million in December 2019. This exit will represent a multiple of 1.3x cost and an IRR of 6%.

The sale to Entrust, a global leader in identity, payments, and data security solutions, is Augmentum’s sixth exit, each of which has been at or above the Company’s holding value.“

Trades have continued to be reported after the close including 800000 buy at 8.98 and 2 small buys at 9.2 and 9.5p. This has increased the volume to 13.7 million which is very high in the absence of a news release. Tomorrow morning should be interesting.

Another 1 million trade has been late reported it immediately followed the 600k and 400k mentioned earlier and at the same price 8.87p so definitely a buy. That takes the volume to 12.5 million. The market clearly thinks news is coming and let’s hope the market is correct.

It was busy into the close taking volume to 11.5 million, closing Up 5.65% at 8.98p.

2 late reported trades from an hour ago 600000 and 400000 both at 8.87 which were buys by reference to trades at the time and indeed now. This takes the volume to 9.4 million which is the highest volume since the 40 million on 7th December 2023.

Apologies for that last post it’s the wrong board meant for CHAR.

2 late reported trades from an hour ago 600000 and 400000 both at 8.87 which were buys by reference to trades at the time and indeed now.

A 100000 buy at 7.5p has taken the volume to 7.46 million very close to your suggested target volume. There have been no sells for hours so let’s see if the last 45 minutes of trading produce the rise you would normally expect from buy volume of 5 million against sells of 1.6 million.

This looks ready to move up again . Volume now above 6 million with buys exceeding sells more than 2/1. There hasn’t been a sell trade for 2.5 hours and the last 3 trades are at full Ask 7.5p

Equinox Gold Commences Processing Ore at Greenstone Project: First Gold Pour on Track for Q2 2024

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) is pleased to provide an update on commissioning progress at its Greenstone Project in Ontario, Canada. The Greenstone Project is being developed as a 60/40 partnership, respectively, by Equinox Gold and Orion Mine Finance Group and will be one of the largest gold mines in Canada, producing approximately 400,000 ounces of gold annually for the first five years and more than five million ounces of gold over its initial 14-year mine life.

Ore was introduced into the grinding circuit on April 6, with first gold pour expected in May. More than 1.5 million tonnes of ore have been stockpiled and 70,000 tonnes of low-grade ore has been pre-crushed to use for early commissioning feed. Progressively higher-grade ore will be fed into the mill as production ramps up toward planned throughput of 27,000 tonnes per day, with commercial production targeted for Q3 2024.

Greg Smith, President & CEO of Equinox Gold, commented: "Following 2.5 years of construction, Greenstone is on schedule to commence gold production in the first half of the year, as planned. This is a significant achievement and a testament to the experience of the Greenstone team. Greenstone is a world-class asset, and reaching production will be a pivotal milestone for Equinox Gold. Once operating at full capacity, Greenstone will be our largest and lowest cost-mine. We look forward to first gold in May and continuing to advance the project to commercial production."

There appear to be 3 bed and isa transactions so far with both parts of the trade being shown in the sell trades. So 290460 of the 381000 sell volume is bed and ISA. A bed and ISA is a vote of confidence and if it is to be recorded at all it should be as a buy. In reality the buys exceed the sells today and let’s see if we can breach 30p before the close.