Member Info for Jungmana

The market cap at 0.031p ( £9 million with 29 billion shares in issue) after the Cameroon farm-out is a joke. This should be at least 0.06p .

South Africa farm out is under negotiation and that too could be concluded this quarter imo.

I hope the are sellers cleared off with over 16 billion volume traded since the farm out news.

Let's see a strong bounce this coming week to a more reasonable valuation.

https://www.proactiveinvestors.co.uk/companies/news/1064056/tower-resources-shares-to-end-week-strongly-thanks-to-breakthrough-farm-out-deal-1064056.html

"Prime will pay Tower £4.38 million in cash, and commits to invest $15 million in the drilling of the hotly anticipated NJOM-3 well, in Cameroon, this year."

Https://www.proactiveinvestors.co.uk/companies/news/1064016/tower-resources-seals-two-farm-out-deals-and-will-drill-njom-3-well-this-year-1064016.html?viewSource=TwitterUK

With 16+ billion shares traded this week this surely has to turn around soon.

Broker valuation is nearly 400% upside from here.

Drill baby drill. lets see what's down there :-)

Good post there iamrich,

"By comparison, Havieron, a large IRGS gold and copper deposit (+8Moz gold equivalent) located in the north of Western Australia, displays a 1km x 1km (1 sq km) magnetic response with a coincident gravity response peaking at 0.5mgal. The intensity of the gravity response at Juno is more elevated than Havieron, and the footprint of the coincident response at Juno is several times larger which illustrates the significant size of the opportunity at Juno."

Traded 2 billion shares since placing announcement. We may see a turn around today or Monday imo.

Juno is the key for me and I look forward to drilling there soon. Namibia is a bonus.

GLA

In 2019 I bought into GGP , roughly 6ks worth of shares in a few months I walked away with over 5 times my money.

I see a similar potential here .

This time around I intend to ride this long term and if Juno is as big as Haveleron even a small amount of investment will return tens of times from this level .

Oultonmike, I get it why Baxter is so excited by this licence..

Looking like another Haveleron and could be even larger.

Those fixated on farm out, please continue doing so.

Meanwhile the company continue to advance exploration at Juno which could be more important than Namibia PEL 94.

Hopefully drilling starts in Q2

GGP mark 2

"Several historic exploration holes have been attempted at Juno since the mid 1990s to the early 2000s (Figure 2). Several holes targeted the large Juno magnetic feature but failed to reach the target depth due to limited capacity drilling equipment. Modern drilling equipment has the ability to overcome these earlier shortcomings, and advanced modelling of detailed subsurface geophysical data provides accurate 3D models for efficient drill targeting."

Imo overhang should clear this week. 666 million shares placed and had traded 1.7 billion shares since Tuesday last week.

As I said last week PEL94 has a huge stash of 3D and 2D . Will cost at least $10 million if anyone is to shoot that seismics now.

Over 2 billion barrels prospect in a hot area for exploration today with workds major oil companies operating nearby..

And then we have Juno gold project in Australia with the world renowned geologist Baxter leading the exploration.

All for GBP 9 million market ( fully diluted) today.

Well I hope this is the bottom and we can slowly rise back to 10p+ by April ( expected earliest Hussar drill time)

The 977k shares is my final top up.

GLA

I explain again, the 5 + billion shares issued to Pegasus will be admitted to market on Wednesday.

50% of the shares have a 12 month lock in and the remainder 50% have no lock in.

JA is the actual owner of Pegasus and he will not be selling now imo.

"It should be noted that to date neither Pegasus nor Mr Asher, the beneficial owner, has sold any of their shares in the Company."

JA is the actual owner of the 2.5 billion shares and I can't see him selling now.

"Pegasus has entered into a lock-in arrangement in respect of 50% of the shares for which it is subscribing for a period of 12 months from issue. It should be noted that to date neither Pegasus nor Mr Asher, the beneficial owner, has sold any of their shares in the Company."

Bought back the rest of shares I sold on Friday morning.

Fingers crossed for a rise to 0.06p soon when the seller is done.

Back to holding 60 million shares

Oil price rising which can only be good for PEL94 farm out negotiations.

Hopefully is concluded soon

New shares officially admitted today.

Imo will see 0.30p+ before the Namibia farm-out is announced.

Bit of long history there. I got into ggp in 2019 thanks yo a tip someone made on advfn shanta gold thread.

Was one of my best investments on the market ever.

Mr Baxter knows his geology