Member Info for Justone

They know that the current price to buy at 14.5 will not be available for long, IMHO.

What a great update, in hindsight the slowness of the process will give us a higher price, with gold increasing by $100’s. Potentially we are a gold district with over 5 million ounces. There is another $500 million, and we are valued at £23m. It is not surprising the other directors want to get in on a small raise at 15P! They know the value of the 5 non binding offers. Happy to be patient, the share price should respond from being ultra bearish today, to something that hopefully will be more logical given the assets and gold price strength. MC is trying to give us enough hints!

Garfield- potential for a tier 1 Copper deposit.

Golden Metal holds a 100% interest in the Garfield Project through its wholly-owned Nevada operating company, Golden Metal Resources LLC. A 2% Net Smelter Return Royalty ("NSR Royalty") Interest, of which 1% can be bought back at any time for US$1,000,000, is payable to Sunrise Resources plc (LON:SRES). The NSR Royalty covers the original Garfield Project claims as well as a 1 mile radius outside of those claims which covers roughly half of the current 'High-Grade Zone' footprint.

Another one of my, follow it down PaulFG! I need it to triple to break even, I have been in it that long. Here there have been a lot of raises, so my percentage keeps being diluted, whilst CMET has been relatively clean. We just have to be patient, and let our compelling value do the talking for us. The market will turn, if it hasn’t last week, with the expectation of interest rate cuts. GL, we will have to meet up if this 5 bags on funding and a Saudi listing! 2024 is looking good for both shares!

Harry sounds very confident, not if but when, could drop any time, but out of his hands. He is frustrated as we are! No limit to the growth prospects, as we are leaders in two pioneer countries opening up their mining. With gold at $2072, and looking very positive going forward with the dollar strength in retreat. US borrowing going up to 3 trillion this year, central bank gold buying evidencing the problem in the system. I think we have a very positive future, a pension builder from current very low level. I look forward to the mainstream market waking up to the benefits of investing in the mining sector. It is amazing that with 5 million gold equivalent, and price of gold is up $100’s an ounce, $500m and our market cap is £35million! Just demonstrates our potential. Happy days are ahead, I think Harry has got us over the line.

I can now breath a sigh of relief! It has put us back a year, but we should be in a lot better position going forward with government. This is going to be a real pension maker, generating very heavy dividends. The next bit of news will be the contract, and we will be all systems go. I was told at the AGM that there were a queue of companies who wanted to work with us, so very little risk here. We know the MOU about the deal. In a year we will be generating cash. The major shareholders have been holding since the beginning, so I don’t expect a low ball offer from the Chinese will cut any ice. So happy days are around the corner. The share price is still however dreadful!

You are right Caddy, it doesn’t say you are wrong. We are all frustrated as to how long deals take to come to fruition.

The updated presentation reads well, and demonstrates our assets. I would not like to read too much into the order of our projects, but the 28 December is only around the corner for the Tosa deal, and I gather PC was in Spain a couple of weeks ago. We just have to be patient, with the cash burn minimal, we can afford to wait. Gold and Silver prices on the rise should generate some interest in our periphery assets. The deals have to be right for SRES, and not sold off on the cheap.

Relax Safe, the ranting will not do your health any good. Step back from it, as PC is starting to live in your head. The voting figures tell us the story. Not long for the Tolsa news.

I can’t even buy a small amount at the moment.

If they can’t find funding, they will put themselves up for sale. Shareholders will get something, even though it will be at a discount to what the assets are worth. I believe funding will come, but at a cost of dilution. We own a tier 1 asset, that is part finished, that fact underpins our value.

And the shares would be worthless! How is that good for PI’s?

Going into receivership is still messy, Glencore run the risk of having higher offers submitted. I believe the cornerstone investors do offer us PI’s some protection. The directors have fiduciary duties to consider and will be taking legal advice. I agree that it is a ruthless game, and PI’s are at the bottom of the queue, however we are a very long way from being wiped out. It is not all doom and gloom at this level.

Why would any of the 3 large investors let it go bust? Financial logic will prevail, the PI’s have been shaken down, but the asset still has significant value way above the current market cap. We are at the stage of optimum fear, which for others is an opportunity. I am pleased we have 3 big cornerstone investors. They have to work together, or sell it to a third party at a profit.

We own a Tier 1 asset. The 3 big mining investors have invested because of the potential. The potential is still there, even though the market has dumped the value by 90%, through director incompetence. A bid will come, and will involve the 3 big investors in some form, they logically have to be onside They were happy to ‘share’ the project before, and will be happy to share the project with a greater ownership, or make money on their original investment. A bid will come, but it will have to be at a lot higher level than the current price. There is blood in the water, and there is a bargain to be had for someone. Painful as it is at this level, greed will see us out, but it will not be at £1.50 I am afraid.

We certainly will go out for a beer. The question is at what level does it have to hit? The trouble is that the potential is so great, and with short term production plans, we could hit double figures as soon as JV is signed. At long last we have some shareholder interest. I would like 15p which is about the highest I bought at!

A little, but most of my buoyant buying was when they received the licences! I got in too deep for comfort, and got carried away. Hopefully it will come good!

Well Mozax I could not agree with you more. I have been in this since PAL days,, and am embarrassed to say I have invested 6 figure sums following it all the way down! I just hated to be wrong, when I felt it had so much potential, a real pension maker! I have even attended two AGM’s. I am rather envious of everyone buying at todays levels. GL with it.

A very positive interview. No red flags. We just have to trust. Potential of 12 million ounces for the upside, which must be exciting for the purchaser.

I agree with you Twiggy. PC is being prudent, just in case Tolsa decide not to go ahead. It is far better to be safe than sorry. A necessity rather than anything sinister.