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Just a wind up merchant with attention seeking headlines and posts. I suggest we don't reply to him or reply under his attention grabbing threads (and I won't anymore). The funny thing is the price is going up despite his de-ramps 🤣
Thanks PP
Promising RNS from KAV today targeting 2 million ounces of gold at just one of their gold projects. Results due this quarter on the other one.
MM know the huge demand that will be coming here very shortly. Of course they want as many cheap shares as they can get. We all know what happens when OMI goes on a run. It can go parabolic.
In the meantime get ready for the 5s here. To think
we haven’t even had the big RNS yet! GLA
Gold at 2400. KAV already producing gold and mcap of a mere 12 million. Barely got going with its news flow as well. KCB selling to come as well this quarter.
Ducks are lining up here and great opportunity at only 1p.
Nara could be a company maker on its own and this will go parabolic if they hit the target. This is going under the radar and could turn out to be a real gem.
Hillside results coming later this quarter as well. Multibagger in the making for sure.
The risk (or strong likelihood?) of churn is the reason I've only put a small starting position into HEX with a view to scaling in the rest. I want to see how it behaves in the coming days and weeks before I commit any more.
PP - those silvers have each had a decent move up. Do you have a favourite amongst them?
Circa 14 million shares are indeed subject to a lock in, but there are millions of cheap shares that are not locked in. In terms of how many we are talking about:
1) On incorporation, the Company issued 5,500,000 new Ordinary Shares at a price of 1p.
2) On 14 December 2023, Helix completed a pre-IPO fundraising, raising £861,000 through issuing 17,220,000 new shares at 5p
3) On 11 March 2024, 10,000,000 new shares were issued to Bo S. (Doesn't say at what price, but I'm guessing less than 10p. Having said that, I imagine these will be sticky hands).
So that's over 30 million cheap shares, and it would seem that only half are locked in? All imo and dyor
That's how I'm seeing it as well Chicken. MM have tested the supply in the lower 4s, taken what's available, and that's why we have ticked up. Those of us waiting for the retrace might need to re-think now. But don't spend too much time thinking about it though, especially not on a Friday, as you could end up missing out again. GLA
Think you might have been just in time Predator. Looking at the chart, it wouldn't surprise me if this makes another move towards 5p as early as tomorrow. Lots of us are waiting for a retrace, which might not happen!!! GLA
Whimax - I also suspect that Covalis are now completely out. However, can they be the only ones, because according to their recent TR1, they only had 1.68% left (as at 21 March 2024). Have we not had a LOT more than 1.68% sold out since then and especially in recent days?
MM now willing to take £10k at 4.3 (which previously was around the Ask) whereas buying that amount is now 4.8p. It shows that these sub 4.5p shares are being accumulated and supply of them is drying up. IF this type of accumulation continues, it will soon be shares in the mid 4s that get accumulated next. There is every chance we could be in the 5s BEFORE the RNS lands. When you consider how much money is likely to be on the side lines is waiting for the RNS to land, who knows what price this could end up at following the RNS? All before any drilling as well. All imo and dyor
Share price actually went from 2p to a high of 5.6p. The AIM market has not been at its best, so a move of that nature is as good as it gets for a pre-announcement of this type, especially with placing overhang. OMI have been negotiating this deal with with MMA for a year or so, and the parties have signed a LOI. I don't think BG would risk his credibility by pre-announcing it he wasn't pretty certain of the deal being signed. Nor would they be planning a drilling campaign at the same time. He's also tweeting away like the cat about to get the cream, which he wouldn't be doing if things were not progressing well in the background.
As for timescale? Well April is ambitious, which BG did himself say. So realistically it might well run into May!
For LTH, lots of pain, but self-inflicted if you are going to hug and hold an AIM junior explorer for such a long time, which is rarely a winning strategy in the majority of them. But for newbies and those able to average down, this is a really great opportunity to build a cheap as chips position for a multibagger opportunity in the making, and so any drops represent a buying opportunity.
But on pessimism as they say.... All imo and GLA
I think most are waiting for He1 to get the placing out of the way. It will be interesting because both HEX and HE1 will be drilling and testing in Q3, and it will be interesting to see which ones fares better. HEX is fully funded and has a tiny float compared to the billions of shares in issue with HE1, which will increase by X more billions after the next fund raise.
So I suspect HEX might be the better bet to make a bigger move?
CHAR is drilling in Q2 and Q3. Should finally be ready to breakout and some massive trades are going through right now (£3 million, £1 million, £750k, £500k, £300k etc) suggesting the selling in recent months is done and shares going into stickier hands. One to watch for sure....
Hi BCB - we have lots to look forward to here in Q2 and Q3, in terms of KCB drilling (under the stewardship of Dave Cattrell) AND we should now also be getting some assay results during this period following today's RNS.
I think the next RNS will take us to 1p. GLA