Member Info for ICB888

Currently Number 11 on the Leaderboard Up 10% which should give it a little more attention.

0.2 achieved Up 11% on volume of 18 million. Looking very promising.

Up 14.3% in first 2 minutes of trading

AEX was sitting at the close at number 2 on the leaderboard Up 23% at 1.225. However as a result of an uncrossing trade at 1.05 it is shown here up 5%. Let’s hope the Up 23% is where this is going in the morning.

No one other than the deramping traders are talking about plan B. It was simply a response to a question and is intended to discourage low bids. Mark has never intended to go into production but he had to go through the motions to ward off low bids while the gold price was low.

“Augmentum Fintech plc

(the "Company")

Irrevocable Share Repurchase Programme

At the Company's last annual general meeting on 14 September 2022 (the "AGM"),

the Company's shareholders granted the Company a general buy back authority of

up to 14.99% of the Company's issued ordinary share capital.

The Company has appointed its joint brokers Peel Hunt LLP and Singer Capital

Markets Securities Limited to manage an irrevocable programme (the "Irrevocable

Buy Back Programme") to buy back ordinary shares within certain pre-set

parameters. Any ordinary shares purchased by the Company will be held in

treasury. The Irrevocable Buy Back Programme will commence today and will run

until publication of the Company's Annual Report and Accounts for the twelve

months ended 31 March 2023.

Any shares purchased in the Irrevocable Buy Back Programme will count towards

the Company's general buy back authority of 14.99% of the Company's issued

ordinary share capital, as approved at the Company's AGM. ‘

Let’s see if this can help to reduce the large discount to NAV.

Perhaps Seingred can direct us to the RNS where MC’s options were reduced to 40p so we can see what it was reduced from.

I am assuming that 40p is the price he will have to pay for his shares and hence he will only start to make any money as the shares rise above 40p. It is obvious why Mark would want options reduced as low as possible and the continually beaten up share price provided a perfect backdrop to do so. If the options originally had been £1 then clearly he wouldn’t make any money until the sp was over £1 which is not a particularly good incentive when the sp is at its current levels.

As usual your logic is flawed as it in no way follows that just because an option exercise price is reduced to 40p, the management see value as no where near £1. Mark has said for well over a year that the shares should be trading at over £1.

Buys coming in strongly now exceeding sells 2/1 as the volume reaches 200000 from 21 trades.

The Deramping Traders are in overdrive today.

Take this comment “ knew it was a sign when the 40p warrants were not taken up, the Directors do not believe we will get 40p as if they did they would be filling their boots!”

When are out of the money warrants ever taken up? Answer never. Jim Mellon recently had £1 million warrants at 15p so why on Earth would he exercise 40p warrants.

Expressing a trading strategy that involves the sp falling is deramping. This bb is getting as bad as the advfn deramping bb.

Just saw this on another bb and thought it would be appropriate to post it here:

STOCK BASHING

This scheme is usually orchestrated by online message board posters (a.k.a. "Bashers") who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libelous posts on multiple public forums. The perpetrators sometimes work directly for unscrupulous Investor Relations firms who have convertible notes that convert for more shares the lower the bid or ask price is; thus the lower these Bashers can drive a stock price down by trying to convince shareholders they have bought a worthless security, the more shares the Investor Relations firm receives as compensation.

If Punter would just tell us how many shares he is looking to buy and at what price and stop the deramping speculation that the bids are not high enough, that would at least be honest. CNR can’t reveal the indicative bids at this time and ideally want to start an auction process. It seems to me they are saying all the right things within what is permissible to encourage high bids.

The question at the end about the sale process and any plan B was what we were all waiting for. I thought Mark was very upbeat about the process and its progress. The new slide he had put in making the case for the possibility of 12.5 million ozs is clearly something to show prospective buyers. It is also good that a major investor from the US had asked to join the process last week and is doing so.

4 non binding bids still in place and 3 parties have been on site in Nicaragua.

They expect to sell but making it very clear it’s not going cheap because Jim Mellon won’t let it go cheap and would continue to finance it in the unlikely event that they needed a planB.

Mark stated that the way of the gold mining world is that explorers close to production get bought by the bigger players.

He mentioned the Newmont deal where the worlds largest Gold miner is buying the third largest and this M&A at the top is already trickling down to the junior level.

Mark is obviously very limited in the amount of detail he can give because of stock exchange rules but within those constraints is able to paint a very positive picture

Someone tweeted yesterday what seems to be a good short summary of the Shard Note:

“ AEX

@AminexPLC

Shard Capital Research Notes

First gas: October

GSA terms: Next month

CH-1 drill result in H2

Fair value is 2-2.50 based on 770 BCF gas & increase in resources to 2 TCF (3D seismic + CH-1 result), asset may worth 4-5p.

Massive upside potential in next 6 months

7:38 am · 26 May 2023

·

2,523 Views

This was the link which I found on the advfn bb.

https://stockhead.com.au/resources/high-voltage-this-london-listed-lithium-stock-has-660-upside-canaccord-says/

Could todays rise have been caused by the very positive broker note on AEX highlighted by an AEX RNS this morning. This perhaps gives confidence that AEX will achieve on its stated timeline bringing in SCIR’s share as soon as possible.

A very positive report this morning clearly endorsed by the BoD as they have drawn our attention to it in an RNS.

The key take away is the valuation which is:

“ We initiate coverage on the company with a fair value range of 2.0-2.5p/share, implying potential upside of 100-150% to the current share price.”

Clearly the fair value will rise from there as further drilling takes place and results are analysed

Just remember that for regulatory reasons Mark can’t give us details of the bids and for the same reason can’t tell us the timeframe . But it could be next week that the first bid lands although the traders are trying to make out it will be months. The increase in trader deramping is probably because they really expect it to be sooner rather than later. This mornings fall could easily be reversed with some buying this afternoon as small volumes are producing large movements in the sp as the mm’s have their fun.

Good post from DDD and Nero.

We have seen an increase in deramping from the traders on this bb as well as on the derampers only advfn bb. They are having a real go this morning putting a few sells through to try to install some panic. They are wasting their time because as Nero says it’s very illiquid and the volume is only 130000 which has allowed them to drop it 8%. This is totally irrelevant to the price that will be bid but allows the mm’s to make a little money while we wait. An RNS could drop at any time but the traders want to make 2p and risk missing out on a 30p+ rise. Each to their own but leave out the deramping nonsense.

I added today accounting for about 30% of the volume but like the other 6 trades it was put down as a sell. This share is in bargain basement territory . Let’s not forget in February this was close to 0.3 and at the start of 2022 was above 0.5. The progress of both Dynasty and Satoshipay puts both in a much more valuable position. The current market cap is less than £8 million even though both major assets are very probably each worth £100 million plus. When the news comes that confirms the valuation BLU will reach its previous highs in minutes and keep going imho.

The usual deramper in chief is pedalling the line about difficulty raising cash and being a one asset miner. What he does not mention as Mark did today is that the industry norm for an explorer like CNR is to be sold at this preproduction point to a larger miner. This was explained in a recent interview by Ross Beatty who intends to do exactly that with his current gold company. Condor is doing the right thing at the right time and coinciding with the start of a long bull run for gold. The next news will be waking up one morning to an RNS giving details of the first bid and the share will be marked sharply up on opening to a price lose to that bid.

From Master Investor article:

Analyst James Wood at Canaccord Genuity Capital Markets is bullish and rates the group’s shares as a Buy, with a price objective of 40p.

His estimates for the current year, to end March 2024, are for revenues of £144.2m (est £140.8m) but with adjusted pre-tax profits rising 66% to £6.3m (est £3.8m), taking earnings up to 3.5p (est 2.2p), while keeping its dividend steady at 1.0p per share.

After my last Profile on the group its shares reached 25p a week later.

Just a year ago they were trading at 48p and could slowly be heading up there again over the next few years.

Last night the group’s shares closed at 21.5p, at these levels they are an excellent purchase and could so easily have another 60% to go over the next year or so.