Member Info for ID78

Mostasaza ph2 drilling started 8 weeks ago.

We must be due results imminently.

Hey small holding - I would tend to agree, but they may want to talk about chingola.

Time will tell…

Don’t hold here - but that is a meaty director buy.

Too often directors don’t buy or but 5,10k.

Nearly 40k is not pocket change

Interesting Charles’s take on Chingola ‘not a side show’.

I’d love to jump forward a decade and see where ARCM are.

So… what are you thinking, 5x5?…

Hey ginger, I was wondering about drill permits.

I was sure someone on here posted drilling would be months away due to permits / licences. But … but, well they d drilled this land before - surely all that good stuff is already in hand?

Hey red knight, thanks for the info. Appreciated 👍

I’ll be honest, I sold after the last RNS as the SP was unlikely to go anywhere; and allowed me to buy GROC. But, at this SP it’s a screaming buy and I’ve moved my money back here (including profits)… so I hold more now.

All shares have risks; you want less risk buy a fund that tracks the market. Oh wait, Trump might mess with that!

There are risks but they are considerably reduced (as illustrated by your posts, HC), The SP remains on its knees and the upside potential is somewhere between very good and longer term massive.

Of course there’s a risk of the various upside possibilities not happening but the downside of the company failing and going bust does look very low despite (as you say) being priced to fail…

Time to wait and be patient.

GLA

4th Feb RNS ‘ Following an extensive geological mapping and rock chip and soil sampling program over the Anglo JV license areas (Fig 1.), a diamond drilling campaign commenced in August 2024 with six drill holes completed for 4016 m. Assay results have now been received for three of the six holes.’

Drilling commenced in August. 9 months later we only have results of 3 holes, reported 3 months ago.

I’ve seen glaciers move quicker. Time to update us, I think.

Hey tarnow - agree completely and that’s why I’m looking at UFO.

Some great posts - thanks HarChris, appreciated.

The spread here doesn’t help; 25%??!!

Yeah I set a buy order for 10.5p. Had to cancel it and accept 10.9.

You’ll be lucky to get anything under 11p now

Yeah that was the intention of my posts yesterday, LW, to point out that patience and time is needed. So for me I’m holding till the end of summer / start of Autumn. I may even stretch that a bit but if the gold pours remain at current levels going into the winter. There are other opportunities out there, albeit with less potential upside and no doubt whatever I choose to buy ends up being the wrong choice lol!

HarChris - very good point re. cash position (and like you and I bought more today)…

LW - I did email them once (months ago now) asking that the comms be a clearer. There was no response which is never inspiring.

Nevertheless I’m tempted to join HarChris and add at this price.

It’s a good way of looking at it Red Roger (my phone corrected that to todger!! 🙈).

Hopefully future placings are handled as expertly as the last one and at the next at a multiple of todays SP..

A golden cross should give the SP some more momentum you would hope as it is a positive signal for the chart peoples. This is just the share that keeps on giving and we haven’t even had the EU News yet 😁

I agree, I find all comms lazy. Even the interview she did she through out comments in a way as if we knew her op’s inside out. We don’t and for me it was just lazy.

However not giving details can also be seen as a way of hiding what’s going on and this has even led to comments they are skimming gold for themselves. It really wouldn’t take much effort to provide more clarity.

The next few months are critical, like I said, if the numbers don’t improve by the end of the summer I’ll be out of here long before December and instead wish I’d just gone for the nailed on certainty of making money from GGP …

@HarChris - yep to repay the loan by end of Dec. Ok, thanks, ultimately it remains a risk that loan but as you say it’s likely to roll over. Thanks for replying. I appreciate there’s assumptions. All the best.

Father Jack - we’ve had this discussion already but to re-iterate. What is in the boards hands and what they can be judges on is the mining ops (stacking) - this is consistently achieved so a tick, good job. They achieved this by changing the team doing the job. Recognised an issue and sorted it.

Have they increased HL capacity to allow more gold pours. Yes, considerably. Another tick to the management.

The grade dropping as they exit pit 2 - they can’t control what is in the ground and is an unfortunate but reality of mining. They are moving to pit 1 where the grade is better. If it is not then I will judge them as they should move to a better pit.

Comms is the one area I’m an unhappy with, that is all.

Credit has to be given to the steps taken by the management to increase production. If one doesn’t recognise this then there are deep prejudices blinding you to the steps taken and I wouldn’t hold this share if I felt so strongly. Maybe buy a dead cert like GGP ahead of its listing in Aus?

But each to their own and I wish you all the best.

*cerro negro

I hate this phone