Member Info for ID78

To me the best deal is a cash loan repaid in gold. GRL got one to keep their mine going.

The lender locks in however many oz of gold at today’s price (or the average price of the last year even) and gets the gold later - when OMI are producing -and when we expect the price of gold is much higher…

No dilution … it’s a win-win to OMI and the lender…

Dr R - I’m feel this is more an overdue correction in SP.

It’s not got bananas.

Yet

Ugh I need to bite the bullet. I need to sell something to buy BRES.

If I were in anyway sensible I’d sell OMI as it is a stupid amount of my portfolio (the more it goes up the more stupid it is!)

But I’m not sensible…

Hey Portfoliopower - I read your post and Rock was on my watchlist after that.

Didn’t pull the trigger …but there’s been quite a lot of movers the past few months!

All the same a cracking tip. Keep them coming!

Funny old thing - GEO pulled back on drilling starting.

I think WSBN did the same.

WAY back He1 dropped when drilling commenced.

First day of drill = pullback!

Anyway price of gold now $3630

Thanks dr r - and a better answer than mine too

Are they fully funded to build a mine and drill on multiple fronts? I’m sure you probably know the answer to that.

However funding is not going to be an issue. Given what we have and the price of gold (now $3634).

Funding is not a concern.

Time will tell but the mine funding could easily be a ‘good loan’ - funds to be repaid as gold once production starts. And as said already CAPEX is incredibly low $15mill

I wonder if sharebel spent all day blasting away at Nvidia in its infancy (when it went 0.36 dollars to over 6 dollars).

It’s done kinda ok for itself since then

And why does sharebel spend all day on a board posting about a share that he or she doesn’t own???

Think about it.

Anyway - news tomorrow (or Wednesday?…) can’t wait

One of the good posters here lost money by listening to sharebel - and by selling - don’t make the same mistake.

More needs is due this week …..

I bought some this morning.

Like Troajan says the bottom is in

Troajan knows his bottoms :-)

LW - I’m not sure when to expect assay results tbh for WSBN. It is clear they haven’t paid for a quick answer using (the quicker assay method)…

It all depends on the lab and their workload it could come anytime. An answer I appreciate that is no use to either of us!

Yeah slightly annoying that this has started to move!

It’s a disgrace. You sign a waiver to say you understand the risks.

They warn you past performance is no guide to future performance and your money is at risk.

They let you transfer money in (eating up your isa allowance).

And then won’t later you buy.

Go figure

Was banging on and on and ON about a placing last week.

We are fully funded till next year as per the companies own 5 year plan. Now that argument has been blown out the water Sharebel is desperately scrambling around for something else.

Do yourself a favour and just filter sharebel.

We had someone on here sell last week and have to buy back higher.

Listening to sharebel cost that person profit….

Just reading your response now - I’m very hopeful WSBN comes good. There’s certainly some really positive comments from the geologists and you hope their professional reputation is at stake for over egging the results…But nothing is certain so I though holding GEO, WSBN and FDR as it gives you 3 chances.

Flip side is I’ll make less that if I just put the money into one share and it hits gold.

But OMI is the main one… I could go on an on but everything has been said on that board and mainly by you and DrR (thank you!).

LW - I still don’t hold BRES - did I see you post it’s your second largest holding after OMI? I feel like once 5p is gone it will properly take off.

Also - I saw PP posting about ALERT, can I suggest maybe keeping your eyes on EPP this week. I bought some (not much) IF the right news comes this week it could go to 10p who knows maybe a lot more. I will add. IF the right news comes just try and get some shares and hold a few days or a week or so….

No raise until next year - it’s stated in their 5 year plan :

https://www.youtube.com/watch?v=wTz2zHCIvJc&t=196s

Timestamp 2:05

I already liked his charts - happy to admit he surely has to be better than me at it!!

He is good - and talk of £100mill to £300mill MCAP before they think of doing a fund raise (next year).

What’s that x10 from here is £300mill…??….

Danny thanks for posting this - I like this guys for his charts. But he’s started adding factual content about companies.

ALRT have set out a 5 year plan and they will look to raise NEXT YEAR.

So they are fully funded for THIS Year.

Just incase anyone still had any doubts…. Listen to this guy and if you want to and read the 5 year plan..

Or maybe I should say the money is following us ;-)