Member Info for ID78

I’m not overly happy about the delay if I’m honest, HC. I hope you are right about holding on for better news to share.

However I am relaxed… with the MCAP so low and the POG so high - I am relaxed.

The more I read Ban Naa’s posts the more I think ‘erm this reminds me of a company starcom that years ago had cutting edge IoT tech for containers, motorbikes and padlocks!!’

I mean years ago.

So I googled it - and 4 years ago Star became Trac. I forget how long star have been trying flog this to the market and without any success by the looks of things.

A very hard pass thanks. If you do hold I wish you the best.

So it’s been 3 months since the Metlen draft prospectus was filed with the FCA.

IPO’s typically take 3-6 months from filing the prospectus to listing (ChatGPT tells me; I don’t know myself).

Tick tock …

BenNa desperate to move profits to TRAC 😂

That wasn’t a no (to swapping the shares). Joking - PYC I am aware of but lost track the last couple of years. I’ll take a look. Thanks

So when my shares are up 100% you’ll be up 200%.

Fancy swapping with me lol??

Well done on your buys last week

This looks like it’s bang on its support and RSI is rising….. shoots of recovery from this low.

Looks like a good time to buy. If I can find the funds I will join you, TTS.

@ trading shack - That’s a positive sign. I bought some Thru / Thur today on the back of your charts and I’m very glad that I did. It was the divergence that sold me. I’ve had good results buying divergence.

Feel free to cast your eye over some other shares I hold or like lol (you don’t seem too bad at the charting game)…

OMI, GSCU, TXP, ROCK, HEX, PXEN, GRL …

Prob best not posting here if you do look, it’s not the right place.

That aside welcome to AMC, hopefully we get some assay results soon to give us that re-rate

I don’t have LinkedIn - please do share

Do you think they’ll RNS the survey results alone.

OR

Include in the next set of assay results, which may only be 2 weeks away (likely to be either 1st week in April or 2nd week)..

Red Roger - totally agree on the price of silver

We’ve had 5 assay results. We are at £20mill MCAP.

They now have 2 rigs to further the exploration.

Make no doubt we are at the start of the 1st rise (exploration and discovery) not the summit!!

Nearing the peak after only 5 assay results lol!!

@spectralblue - they announced hole 1 assay results 26/02/25. Yesterday they announced holes 2-5. So if it took 3 weeks to report on 4 holes then I wouldn’t expect the final holes from ph1 next week. Second week of April looks more likely?…

Or am I missing something

@M1Rob - people bought higher after the results of 1 hole. Now you have more holes showing this is indeed something a bit special and is derisked compared to a week ago. As you say, it’s a good opportunity at this price.

And there is the chance of selling the asset (once proven) to focus on or finance other opportunities. But that is getting ahead of ourselves.

As you say, LW, the Lassonde curve shows how the SP should behave on successful exploration and we are only 4 or so months in. There is a LONG way to go yet with plenty of upside.

There’s been a substantial move, and with any move there’s a pullback as some derisk / take profits.

So far the pullback is pretty minimal. Value is hoping for a bigger pullback which is fair if it weren’t for the wee problem that this company has exceptional assay results coming in that underpin the SP and will push it on to new highs.

I should maybe clarify - to be able to tell from just looking at the core samples - means the grades had to be high and they knew it.

As soon as one lab result verified what they couldn’t see they sorted the 2nd rig. This find is going to be a belter.

I used to follow northstarbadcharts and they kept banging on about the POG and how a massive move was coming (and still is). Ultimately they have been very right so far.

One other thing they kept banging on about was how historically any massive move in the POG is followed by a bigger move in the price of silver.

Anyway, these results are enough to settle in my mind they have found something really significant and £20min is pretty much priced for failure. They aren’t going to fail, they will demonstrate a commercial find and this SP will rerate.

As someone said last week, the fact they secured a second rig in a hurry says everything. From experience they could see from the first set of results (without the lab verifying) that they had something significant. Hence the second rig.

They just need to drill more and we just need to wait.

Someone has forgotten this is only valued at £20mill

Patience, young grasshopper lol.

There’s no doubt they have hit something a bit special and value will out in the end. The MCAP is only £20mill.

Now there are 2 rigs we can expect double the news flow. But first we have the assay results of holes 6-8 and 7 is expected to be the best of the lot.

Exciting. Just buy hold and look back in 6 months :-)