Member Info for ID78

Napthman bought, that’s why we got a pullback. Anyone that knows stocks knows this.

Just having a bit of fun.

A pullback at some point HAD to happen - I mean look at that rise!! So be it, this will go higher into the drill.

Ummm … is a no rise day the new pullback??

I guess we find out Monday.

Oh Napthman you’re posting here too (we both have interest in 2 gold shares, maybe others for all I know).

I’ve half followed UFO - in fact that is exaggerating it a bit. But am I right in saying the drill bit is turning on a silver prospect and that results are due anything??

Not surprised to see silver step up. Traditionally silver lags behind a gold bull run - but then outperforms gold!! Finding a good silver stock is on my to do list.

Have to admit I’m purely focused on the gold play.

If PEL94 comes good that would be a really lovely bonus.

Just catching up with posts - thanks for your response at 13.12. Appreciated.

The MCAP is too low for many institutional investors.

However an institutional investor would also note the positive changes in the last 12 months and be looking for the tide to turn as a consequence of the good work undertaken (more heap leach pads, changed ops team and consistent ore stacking).

The share price reflects the failings of the past including overpromising including the dire cash situation at the end of last year. The 1000oz drum being bashed every RNS does not help either. Realistic and honest projections are needed.

The price does not reflect ANY of the changes made. The share prices does not reflect the increase in gold pours this year. Or that the company appears profitable (no raises this year to date). The poor comms don’t help. The stuttering gold pours moving pits and with the rainy season, again don’t help. But again the gold pours have remained better than last year. The company appears to remain to profitable. And now gold is from a pit with better grades and now the rainy season is over AND there is another heap leach pad which should produce first gold in 2-3 months. Things should be on the up.

The next gold pour doesn’t have to be a new best ever gold pour, indeed it may reflect the fact leaching was during rainy season where recovery rates take a hit but as HarChris says a decent pour and we know things are moving the right way…

I’m sorry but anyone posting only one side of the story, you are either working an angle (to work the price down) or severely blinkered or battle scarred and letting emotion cloud your judgement.

I know this company is not out the woods, but it may just be about post a gold pour is a solid step in the right direction. The potential reward for getting this right is considerable.

Now - if the next pour is poor or not communicated (and therefore poor) I can be persuaded there is something fishy going on to drive the price of the company down (by those in charge) as very simply there are no excuses for a properly poor gold pour.

But that’s the thing, I can accept both sides of the argument. The good and the bad….

To all holders (and especially HC) I hope the next 2 weeks are good to you (ok…. to us cos I do also hold)!

And my buy was the unknown trade at 15.31 … presumably all the other unknown trades are buys

Well I’ve bought some through IG.

IF other shares do well I will buy more. It’s a pain as most of my holdings are in H&L so I need to wait on funds clearing then transfer into my bank.

I keep telling myself it’s worth it, the fact buying is restricted means that when anyone can buy this will rocket. We’ll see.

Thanks Irish. To be fair my 2 second glance at TEK was enough to turn away. I hadn’t even looked at fund raises just the value of SALT and the value of TEK.

Back to BZT. Am I right in saying we need around $15mill to get to production? Once producing the free cash flow could be around $50mill a year.

Economics jump right out at you and $15mill is not a huge sum in this day and age.

Part funded by off take agreements would be just lovely!

If I’m right that’s a total possible 1200mill shares that can be raised. Thats a HUGE sum money to buy bitcoin if they get the raises away. I suspect that is more than they expect to release to market but they don’t want to have to hold another GM and ask again.

Every raise so far has been oversubscribed and I suspect they have a good feel for institutional demand (they’ll have reached out and asked - how much do you want to invest in us)… and let’s face it if institutions want into bitcoin treasuries there’s only 3 choices and the argument with COIN is they are the safest pair of hands for an institutional investor

Thanks sheepshatch.

Nothing is guaranteed however IF (big IF) drill results come in then this will rocket. We are essentially all buying hoping the geologist is right and lightening can strike twice at this point.

I’ll be happy to average up on good news but wanted a holding now before drilling starts… and if the price drops before drilling I may buy more

GLA

No only £5k - and I got some.

Higher than I’d like so I won’t lie, I do hope this pullback further as I could buy more in a few weeks.

Nonetheless GLA

I keep being told the trade cannot proceed

I’m not actually holding

Been watching all week for a pullback :-(

Can’t actually buy on H&L - need to call to trade..

Thanks stas - will add this to my watchlist

Before you say anything- yes poorly written Irishdemon. Trying to post and get back to my real job.

All the best

So TEK is pretty fairly valued at present based on salt. Guidant (I’ve probably misspelled that) may change the TEK valuation.

BZT is not fairly valued based on the resource they have proven up and based on gaining the mining licence. BZT is worth multiples based on the ore body alone. MULTIPLES.

I’ll stick with BZT it’s a much better choice there really is no discussion to be had here.

Fair enough, busy day yesterday and I probably picked you up wrong, Pedro.

True… indeed but that’s where emotion comes into play and emotion can make poor decisions for you. Better to be in that hang on hoping for further pullback IMO