Member Info for Kabaa

It wouldn't surprise me if this hits 5p very quickly.

Ecr Are in the perfect place at the right time for gold prices. Lockdowns and blank cheques given to governments only make gold more attractive.

A little 20m cap tiddler that could be sat on £10bn+ in the ground can easily go up 25-50x when things start kicking off.

I've looked around a few gold plays and they're either garbage, overpriced, fully priced, but this seems very cheap.
Could easily be £100mn market cap imo.

Probably. It is a bit of an odd down day on no news.
I'm tempted to top up rather than be concerned about it though.

Helpful, I got fed up of reading this board years back with all of the deramperers.
I see they are all still here.

But Zumore made some very good posts a few weeks ago about red rock not only loaning large percentages of their cash balance to different companies and writing the money off...But even more worrying is taking further loans out, whilst using a subsidiary.

This is extraordinary and it would be good for you to comment on what you think of all of these loans to and from the company. Lifestyle company is one thing but this? Does this not concern you at all?

For the record I hold a tiny amount of shares and am not too bothered if the share price goes up 10 times or goes to zero.

Going up.

Can't wait to see the results released this month coincided with an xmas rally!

Low mcap and big upside here.

Is there anywhere to find recent interviews on this?
I believe there have been 2 or 3 in the last week?

Agreed.
They need to get rid of hh asap.

About thr. That's a real rns with a super low market cap to take off from

Thr will be next to move this week and next.

Amazing rns just released.

Do one foocare lol. See if I care. It doesn't bother me what people write on forums at all on any stock I own.
It's the company and its assets that dictate the share price in the end, not a bunch of numpties posting on a forum.

Sageman, you ignore the fact this is a tiny little old mine that the previous miners will have done a very thorough job of extracting all of the easy gold out of. The costs of getting the rest out will likely be high despite technological advances.
Thor and amur have delivered GENUINE results In the past year as did solg and ggp in their early days.
Nothing has happened here for this to 10 bag other than hype which is why the risk of buying up here is off the chart. Imo it'll fall straight back down, potentially below 0.1p by March 2021 as it usually takes a while for a pump and dump to run it's course.
You cannot compare this with any of the stocks above.
Also inflation is largely why gold has gone up and so so have costs and wages. That is a flawed argument too.

I bought in on a tip and was reading complete nonsense on this forum unfortunately...and believed it at face value.

I did my own research and realised this was hype along with a huge amount of misinformation being spread around.

I have done the same with many different companies I've been invested in.

Sageman, a very sensible strategy in general.

I've seen too many people average down on a losing share and lose fortunes and in some cases everything.

Not bad when you're young but it's sad to see people to do this with their life savings.

I too am in thor and amur. They though imo are 100 times safer than this and thr has genuine massive multibag upside.

A closed down mine in Wales with suspected 500k ounces! You cannot barely value this even in the millions and 2 months ago it wasn't. It's simply had media hype.

You can't compare this to the early stages of ggp and solg either, newcrest and newmont aren't exactly going to be interested in a closed down mine in Wales with a few hundred thousand ounces in. So how is it going to get financed?
It will take years to get any gold out of the ground if in the tiny chance it is even worth doing at what rate? 30,000 ounces a year? The profit margins on that after dilution for costs will be ridiculous.

Add to that the all the new shares about to be dumped into the market and you have a very dangerous share to buy. I'm sorry to people who are in but that is my view and if there is any serious mining investor on here (Which I doubt) then I'm happy to stand corrected.

Many people need to realise this can continue to keep going down. Throwing more and more money at it isn't a good idea if it does.
The assets here are extremely early stage and high risk and a 20m cap can easily half, especially with the massive amounts of extra supply getting dumped into the market daily.
It went up on excitement and it can easily go straight back down. It happens with many aim shares.
At least a stock like THR has real backing by well known professional mining investors and has genuine scope to find large amounts of gold. Watch it over the next 7 days.
It's not nice seeing people throw their pension money at things that are 900% higher than the price 2 months ago with far more dilution to boot when nothing really has happened other than media coverage of Welsh gold.
I made the mistake too and have done on many other companies but I got out quickly when I did some deeper research.
DYOR, good luck and don't get too carried away with real money is all i'm saying. I could be wrong twice of course. GLA

346m shares at 0.13p was plucked from the rns in the August placing at 0.065p.
These will likely be getting dumped on the market now along with plenty of other warrants and older shareholders taking profit.
Ask why you can buy as many as you like but very difficult to sell up here?
Glad I got out of this. Sometimes it saves to do a bit of research.

There are also 346m shares further to be issued at 0.13p.

The placing 2 months ago at 0.065p is 80% Lower than the price today.
What has actually happened to justify such a rise?

The warrant holders at 0.32p are happy to take a quick profit here and justifiably so imo.

I think this will collapse. 30m market cap for their assets is mind boggling.
It was a tenth of that not so long ago and in a placement. What has actually happened since then? Any serious responses?
I hate to be a deramper but it's healthy to be negative on some market valuations and this is just silly imho!

They always get significantly upgraded after good news and price increases.
Remember when ggp and eua had broker TARGETS of around 1p. They're both trading in the 20s now and it wasn't even that long ago. Same with many many other less known stocks I've seen.
Great research on here guys, please continue.
This looks like the excitement is very warranted and the smart money will continue coming into this for some time until it's fully priced which is a long way off imo.

I see this guy has written some bullish posts on Twitter. I've seen him around before on aim. I know he has a following.

Is he credit worthy?

The placing hasn't gone to flippers, it has gone to savvy professionals in the mining industry. Re-read the rns.

To the person saying they should have done this 2 years ago, no. Gold is much higher now and their is huge excitement in the region after ggp etc.

This is the perfect time to bring the asset into play hence the massive excitement everywhere....that will only get bigger in the coming weeks.

Hold this one tightly imo it has much further to go with many multibagger ahead.