Member Info for karl345345

Will be get a director buy showing up tomorrow morning? Would explain the late afternoon rise

Is it too outrageous to think the market cap should be closer to £20m once the deal is officially signed?

Market cap £6m currently. 200m shares in issue

Yes, I agree impecunious, it was a very good deal. I hope we can drop the criticism of the bod now.

The market seems to have noticed the rns this afternoon. Buys are being quoted at 2.89p now. Wasn’t expecting a turnaround today

Jack, yep there is overhead resistance with the placing shares and warrants. A lot of Aim stocks have wild gyrations up and down which I’m not a fan of.

I’m ok with a slow build over 6/12/18 months. This stock is slowly being derisked imho

A rather subdued market reaction to todays news. Quite surprising given this is the news we have been waiting for.

Still, its not all bad. I think it has put a floor under the share price. New punters can currently buy under the 3p placing price which seems like a good deal.

Break, yep the cost of holding onto the Anza licenses is not insubstantial as Brad said in his last webinar. The good news is that MMA will continue picking up the cost until a definitive agreement is signed. Perhaps the eventual agreement may include a stipulation that MMA pick up the cost until the end of the year by which time a new partner will be found.

I have a question for Jack, Seingred, John and other bears. I’m expecting a positive Anza outcome personally but should not the bears who do not have much faith in the Bod consider a potential negative scenario?

Namely, that the Bod announce via RNS that they are unable to reach a satisfactory deal with Agnico/Newmont which therefore will place the company in legal limbo for an indefinite amount of time.

It could happen.

Its anyones guess where the share price would end up in such scenario but you can bet it will be less than the current price.

The chap who sold 1m shares recently deserves credit ‘cos they followed their own judgement.

One should not hold a stock ‘hoping’ to recoup ones losses if you do not have any faith in the company to deliver such an outcome.

That’s my view. Accept the loss and move on. That’s what I would do.

I’d also expect news by mid/late April but if it drags into May/June, I’ll still be here. I’ve got the patience of a saint me :)

I can understand why people might be selling down here. To be frank, omi is very, very high risk at the moment until we get clarity on Anza. Obviously, I am expecting good news that’s why I’ve been buying. But some may think newmont/agnico won’t walk away without a fuss or demand an upfront payment or some other negative bit of news.

It’s high risk/high reward.

John, when are you expecting another fund raise? Another fund raise will happen no doubt, around Q3/Q4 I think, hopefully on the back of good pepas results.

What i meant to say his purchase coincided with a bottom in the gold sector. Gold gained 25% in a month from the 16th of march 2020. GDX gained 200% within 5 months of March 2020. If the sector had remained in the doldrums, Gervaise's purchase would not have been profitable so quickly I don't think. Anyway, that's by the by.

Hi Impecunious,

Great shout with ggp in 2020. Not to be finicky but Gervaise bought £55k worth of stock on the 16th of March 2020. By a stroke of luck that was the exact same day when the gdx and gold bottomed!

Great timing by gervaise.

impercunious, brad will be tested as a ceo once they get anza back. the shackles will be removed so im prepared to give him year. shouldn't be too much hard work with a rising gold price and the bull market coming back.

i note ggp dropped 60% over a month during the covid crash. when the sector is in the ****ter i don't think there is much anyone can do. wish i'd bought some ggp in march 2020 :)

Someone has decided to liquidate their holdings over the last two days, about 1.1m shares. I suspect it’s one seller. Fair play to them. It takes balls to sell at a loss.

I’ve made similar mistakes in the past. Bought a stock, watched it drift down, unable to psychologically sell at a loss. The result: been stuck for several years.

If you don’t have faith or trust in the company , the best thing is to sell.

Yes, that’s exactly what I’m saying seingred. Obviously it didn’t work. Why did they buy after such an awful rns? Brad bought £8k worth. No one wants to lose money do they?

Jack, there were quite a few 100k sells hence why the share price dropped.

Drat, I think bhargav sold before me lol.

LSE could do with an edit facility. When you're typing fast, its easy to make spelling mistakes.

Brad is looking to drill Pepas in May. 4th of May is the one year anniversary of C&M so it s a good time to restart exploration :)

Looking at the RNS's last year, Anza went into care on maintenance on the 4th of May and the directors bought some stock on the 9th of May at 5p. Odd time to buy after such a bad piece of news. The share continued to drift down to 2p over the following months.

Perhaps those buys were an attempt by directors to hold the share price at around 5p but the market had other plans. The next Anza news will be pretty major news like the C&M RNS.

Will any subsequent director buys post Columbia RNS put a floor under the share price? We'll have to wait and see.