Member Info for isas

Dan are you CM or even DM!

Cob twitter account updated- they have defined the priority drilling targets at Barns, Baggy Green/White Tank.
work in progress for defining new gold/Cu drilling targets.- so hopefully not long before we get the drilling programme progress.

Richy- good idea and thanks for taking the initiative, I would also like to add if they could update on how much has been spent on Wuddina in order to earn our 75%.

Raf- My average is 2.70p and am topping up when I can- I am surprised that the share price is below 2p, and I think thats because a lot of people came in without the real understanding of the process and expecting assay results and now they disappointed not have got these in the form they expected. If you look at the COB twitter account the following info:
?????????? ??????????
94,000oz JORC Resource
2km of anomalous gold in soils north of existing resource
Current resource area represents ~10% of the anomalous gold in soils
11 drill holes with more than 1g/t (up to 16.4g/t) outside the current JORC resource.
makes you realise the potential here. I think a little patience here may well be rewarded significantly. But do your own research and try understand process, also the number of shares in issue is an important consideration and their issue price, if incrementally they are issued at greater price than the previous ones.

I was under the impression that Vast had sold it's gold operations in Zimbambwe to get the illusive diamonds- or was it to clear the books to get a reasonable finance deal- we got Atlas instead who I suspect have been offloading last and this week for the conversion.

My understanding is that the stage 2 results were never intended to give the gold content, they are using other minerals as a way of finding where the gold is most concentrated. Listening to the interview in yesterdays pod cast CM mentions the assay results on page 9 of the most recent presentation. I think we should get the annual results fairly soon and they may be accompanied by mention of drilling targets identified and some indication of the time line for stage three. I am guessing some excitement and news flow around September. We could have decision of SA Govs decision on the grant application in the next 2 weeks which might provide some positivity, but it is not that significant apart from validating the company's approach to exploration, they seem to have the funding for drilling and thewre are similar structures to IOCG type deposits and if these are confirmed as gold bearing the share price will blast off irrespective of rampers.

I suspect between today and this Friday they should publish the annual report and it may be an opportunity to release some details of drilling campaign in the second half.

Rob- thanks for the response appreciated, any information which day?
The annual report is overdue this month I suspect it'll be accompanied with that.

Rob- with regards to your post @15.03, whereb have you got the info about the interview booked for next week- is this additional to the one done last week?

just done a tiny top up, in the hope this is almost the bottom- still average over 2.7p, can finally say own 0.25% of COB. lets see what next week brings in terms of refining their targets and SA grant news.

Even if STA are in court, doesn't necessarily imply the case would go against them.

another instalment paid by Land Ocean and promise of the rest end of May .

Hope you are wrong after 8am BST and we take a slightly more bullish path. But not really bothered, secretly hoping it stays around this level and some of my other holdings shoot up and transfer those here. Realistically mid- June onwards they need to identify new targets in order to to plan for drilling in 2nd half.

the volume has dropped off- wonder when the SA government decide on it's grant? If the warrants are all exercised then should have about £2m in the company's kitty. they need to give something on assay results to raise some excitement in order to trigger the warrant conversion, now that they are block listed.

I think it would be a positive sign if more warrants are converted in the next few days. thats one of the signs I am looking forward to. 1.5m gone another 98.5m to convert and about £2m in company's coffers to utilise.

ValD- 1.5m shares admission isn't going to make much difference. The placing shares have been admitted today already.

Enrico- I also think the rns yesterday was put in a way to down play some corporate action in the background, and make the placing shares look innocent/accidental/opportunistic . Next couple of weeks/months maybe very interesting.

My guess is lot of the warrants have already been forward sold, the price should stabilise around 2p. If the warrants are converted as I suspect they will- the company should have £2m , which should be sufficient to form 50% contribution to drilling costs- we could have pretty quick move into stage 3 (drilling).

So there are 5 IOCG style targets as well as increasing the area at Baggy Green, a lot more confirmation of positives from yesterday, and the share price is down!

Also worth looking at the new presentation explaining todays rns on their website.