Member Info for JerseyCrew

Also worth highlighting some associated points:

1. The GGP MC was in and continues to be in, the relative disconnect between POG and gold miners - miners will start to catch up at some point

2. The jaws gap between POG and AISC (profitability) has increased dramatically- that will in turn change the sentiment in my first point

3. Funding for exploration should theoretically become easier with points 1 & 2

4. There is a global shift underway in the attitude to gold from CBs and governments. Read widely on current physical movements. Talk of a US audit at Fort Knox and potential revaluation by the US Gov to address part of their domestic balance sheet issues.

Oh yes - and our current MC is less than £10M and CEO targeting £1B +

Read widely and choose wisely

Ppanchol.

Did someone make you invest here?

Did you make a grown up decision on your own or are you easily lead?

When things don’t work out in your life do you feel the need to blame others?

Do you consider things rationally or or do you lash out?

Do you take responsibility for your own actions?

Do you actually reread your own posts and consider how you are displaying yourself in public?

Unfortunately you are displaying so many qualities that typify much that is wrong with society today - looking to blame anyone else for decisions that they have made.

It’s sad but unfortunately all too common.

Let’s end on a positive note- in my view POG will be in excess of $3K before 2025B - AISC was sub $1.5K but let’s call it say $1.7K with inflation - so circa £1.2K GP in rough and ready terms, per Oz. This company is not dead yet even if we have been on life support for far far too long.

I would imagine that the deep pockets that took part in the placing might be tempted to average down before then but who knows.

Detecting gold at 600 meters depth is extremely challenging and requires specialized geophysical methods beyond standard metal detectors or even deep-penetrating ground-penetrating radar (GPR). Here are some potential methods that can detect conductive minerals at such depths:

1. Magnetotellurics (MT) & Audio-Magnetotellurics (AMT)

• Depth Reach: Several kilometers

• How It Works: Measures natural variations in the Earth’s electromagnetic fields to detect conductive ore bodies, including gold-bearing sulfide deposits.

• Best For: Large-scale exploration, mapping deep conductive structures associated with gold.

2. Controlled-Source Audio-Frequency Magnetotellurics (CSAMT)

• Depth Reach: 300–1000 meters

• How It Works: Similar to MT, but uses an artificial current source for better resolution.

• Best For: Identifying conductive zones where gold mineralization might occur.

3. Time-Domain Electromagnetic (TDEM) Surveys

• Depth Reach: 500–1000 meters

• How It Works: Uses a pulsed primary electromagnetic field to induce currents in underground conductive materials, detecting potential gold-bearing formations.

• Best For: Locating deep conductive anomalies, often linked to gold deposits.

4. Induced Polarization (IP) & Resistivity Surveys

• Depth Reach: 500–700 meters

• How It Works: Measures chargeability and resistivity variations in rock formations, which can indicate sulfide-rich gold deposits.

• Best For: Detecting disseminated gold in sulfide minerals.

Pete - suggest you revisit the various RNS s on the Juno exploration progress. Each stage is a milestone delivered upon.

The Namibian negotiations are not fully in his control as by definition these are between 2 or more parties. Negotiations are an art - gold exploration is a science.

Agreed that it is good to be focusing on GBP and the future. I would welcome an update from the company on the next steps at Juno and in particular the EM Loop survey - maybe something on timelines and for us laypeople, how the survey will add to the understanding and targeting for the future drill campaign.

Remember the nomad needs to agree what is put out there and often is party to the wording.

Consider the volume of trades since the placing. Consider the size of the placing by comparison. Consider who might be selling now and their motives. Consider the size of transactions at the moment and how they are impacting the SP. Consider the exploration business we are in and timelines. Consider whether the short term price movements are changing the business case. Consider whether you should be watching the SP on a daily basis at the moment.

Consider if you should be reading the posts here at the moment and what value they are adding- mine included.

Consider the benefits of filtering.

Use the filter. By responding you are giving them the oxygen they need to continue. Remove the oxygen and you will see that they will give up in time. They are not winning any arguments at the moment but you are allowing them to achieve their objectives by responding.

Focus on GBP and the potential.

I signed up (free) to The World Gold Council site today. What an amazing free source of information and data. Highly recommended for anyone looking at the big picture.

Have a great weekend.

Yes you have all read it but worth remembering the content.

The farm-out transaction is progressing well, and all parties are working diligently towards a successful conclusion. We are also pleased to report renewed and new interest from several well-known companies in the oil and gas industry. This increased interest underscores the attractiveness of PEL 94 and our strategic position in the market.

Tomorrow that will be 3 weeks ago - in exploration and negotiation timelines, a mere ripple.

o ensure we secure the best possible outcome for our shareholders, we decided to push out the previously stated deadline of 31st December 2024. Our priority is to evaluate all available options thoroughly, without being constrained by a strict timeline. By doing so, we aim to achieve the most advantageous terms and conditions for the Company and its shareholders.

Back to me...

The SP is being moved by incredibly small volumes. Positive news will change that. Any Farm In deal is an unknown but the funded Juno exploration is a different matter - the planning goes on and we have indicative timelines for the first drilling which could be as soon as May if we take the long estimates from Septembers presentation - i.e. 8 months from that time. We should have more news on the run up to the drilling including the EM loops.

Final thoughts - Omar will be very mindful of the current SP and recent placing price - no doubt a slightly uncomfortable position at the moment, but no hint of desperation or anxiety via any tweets trying to reassure the market. Sometimes its as much about what isn't being said as about what is being said. You can read into that what you will but I'm happy to hold personally.

Ppanchol - Jersergirl?

Let me help you - I think you were attempting Jerseygirl.

Ouch - that smarts - well, if you had delivered that little witty repost it might have done, but then again, probably not.

I'll get my pom poms out again when we get more positive news and let you have another crack at me. Never let it be said I'm not giving you a second chance and plenty of lead in practice time.

Https://x.com/thesaintcharts/status/1889706503801589928?s=52&t=o3Qn5iybDrdL77ZUT3lieg

Bebeto - that was not mocking - I was factual - I was lost for words in responding to a post saying that the POG was irrelevant to a gold mining company. Thankfully Swampmonster found the words

Thankfully the SP movement does not impact on any Namibian negotiations or Juno exploration planning. Selling in a news void is par for the course. Frustrating but thats the game.

..the POG only really becomes relevant for the company, after the mine is upgraded as they aren't producing enough ounces.....

I have no words

That's your view Bebeto.

They have fallen out with them because the entity failed in their contractual obligation to provide the second tranche.

As for POG being a distraction - in my view it is not a distraction - it is everything behind the impetus to make this work - in my view.

POG is simply too strong for this to fail at this point. The directors are putting in their own cash - do anyone think they would do this if this could not be made to work......?

Https://www.offshore-energy.biz/chevron-takes-the-operator-helm-at-two-blocks-in-namibian-waters/

and not that far from PEL 94

Legalwolf - guess that speaks to the underlying support the company has irrespective of its trading status. With POG approaching and likely to breach £3k in the near term, the fundamentals here are compelling irrespective of what has happened in the past imho.

Alans - the RNS gives the reason - he wants a better deal than was being offered. He is working hard to get the best deal for shareholders. Gets my vote for as long as it takes.