Member Info for IsaTrader85

Added another 250k @ 1.14, taking me up to 2.75m.

Happy to hold 2-3 years for the x10.

You've missed the ex dividend date, you won't get it.

Not the full picture — it's incremental and targeted: The 50koz+ estimate is for TP2 alone, one of five (or more) high-priority targets along an 8km mineralised corridor with 20+ artisanal pits and multiple styles of mineralisation (high-grade veins + disseminated). Management and GE21 consultants see strong correlations across mapping, drilling, trenching, and geophysics, derisking further growth.

The 50koz addition isn't a home run by itself — it's prudent management communicating realistic near-term expectations from one target while flagging district-scale upside (8km corridor, multiple targets, artisanal indicators). For a £10m micro-cap explorer in a bull gold market, it's positive de-risking and news flow that supports the medium-case growth narrative (400–600koz+). Critics are right that it needs follow-up drilling success and larger upgrades to re-rate the stock meaningfully; bulls see it as validation of the strategy with asymmetric upside if the corridor delivers.

This fits JAN's high-risk/high-reward profile: exciting for patient speculators betting on exploration execution, but understandably "not exciting" for those seeking quicker or larger catalysts.

Fair Market Value Assessment (as of late May 2026)

Current market cap: ~£12–13 million (share price ~1.5 GBp, ~850–900M shares post-dilution).

EV per Ounce: Extremely low at ~£35–40/oz across ~340k oz total resources. This is a deep discount to peers (e.g., OMI at £300–400+/oz for more advanced/high-grade material).

Scenario-Based Fair Value Targets (short-to-medium term, post-assays and resource update):

Low Case (assays confirm but no major expansion; modest JORC upgrade): £18–25M market cap → 2.0–2.8p. Conservative £60–80/oz valuation. Minimal re-rating.

Medium Case (solid repeats of historic grades, 50–100% resource growth at Molly, clear extensions): £35–55M market cap → 4.0–6.0p. £120–180/oz, aligning with active AIM gold juniors heading to PEA. Realistic base case if geology holds.

High Case (bonanza assays, district-scale confirmation, M&A interest): £70–120M+ market cap → 8.0–13.0p+. £250–400+/oz premium for high-grade upside in a Tier-1 belt. Possible in strong sentiment/gold rally.

My Fair Value Opinion: At current levels, JAN trades at a compelling discount with asymmetric upside. A fair "base" valuation today (pre-full assays) is £25–35M (~2.8–4.0p), implying 80–170% upside from ~1.5p on positive catalysts. This reflects the de-risked ownership, drilling success, and gold market tailwinds, while discounting execution/assay risks. If Molly delivers even moderate success, the combined portfolio could justify £50M+ by year-end 2026.

Fair enough, seems strange that the notification didn't show that but maybe it was because it dilution rather than sale.

Says previous holding was N/A thou?

Maybe this is the buyer that's been accumulating over last few weeks buying at the mid point?

Building on resource, derisks further, fair market value £35-50m on these results alone.

Someone has spent £350k+ over last few days constantly buying at the mid point, someone knows something.

Share price x3 since he said this, for long term holders thats a great christmas present.

Share price is up nearly 300% since he said this, you could argue that hes already given shareholders something to cheer about at christmas.

2.5p is 16m mcap.

If your going to ramp at least make your sums add up.

GRL management are fraudsters, 1000oz was never even achievable. £40k lesson learned!!!!! Sold.

My only regret is trusting that they could turn it around, i'm now down £40k thanks to GRL, more fool me for having so much invested but I believed the story and that they could turn it around. I'm done with investing in AIM, too many people that lie that should be in jail ruining life savings.

The Board believes that the Fundraises, in conjunction with the Group's ongoing revenues and creditor arrangements, provides sufficient working capital for continued operations.

Risk of going under are no longer as high as they where. Buy.

Should be legal action against Bill for what hes done here, created a situation where he gets to keep the company for pennies and screw over investors. Should be in prison for what they are doing here.

Invested in this company as I believed the story now it looks as though lost life savings.

I'll try be a bit more optimistic as one of my bigger holdings.

I do believe they have been trying to increase recovery rates, once they can show improvements in recovery and rates we will see this turn around.

I'm not buying into the conspiracy theories, issues they have had arent abnormal while setting up a new site, they know what they need to do to improve recovery rates.

Calling the bottom at 2.15, expect it to be back 4-6p towards end of the year.

30m is useable though, but if its anything like 6000 that would be amazing and push us over 4.5-5k

BP are NOT operator for Shearwater, only for Andrew.

Very disappointed that looks like serica have let this asset slip through the net. Ithaca are buying the Andrew and associated assets, but not shearwater stake. Agreement is imminent.