Member Info for Legalwolf

Looking good for a push tomorrow, but if not, certainly positive results from Inez + details of the next well should have us making that move towards 40p.

Dr R - make sure you wake the Canadians up over on that BB. (Be interesting to see if their trolls/de-rampers go quiet as well.)

Gapped up on open. Might go on a bit of a run if anyone is looking for a new gold/silver play.

With a gap up, we should start a new trend upwards, surpassing the recent highs of 15p. Sellers will mostly be out and buyers should now resume control. Whilst there will be pullbacks along the way, we can expect higher highs and higher lows into the end of the year and beyond.

It's probably the best RNS we have had at PEPAS so far.

Get them before the TSX opens - that's where a lot of our institutional money is!

Gapped up on open. It's Pepas discovery is potentially worth billion(s) - high grade at near surface. $2000/ounce gross margin with target of 1.4 million ounces - do the maths. Currenly infill drilling it to get it to MRE by year end. Will also be drilling in Argentina (gold/silver) in a few months with Newmont interested in their acreage. Fully funded with institutional money coming in. Dual listed on the TSX.

Anyone interested in a gold/silver play that can move really quick, then take a closer look.

You can see why the recent analyst note thought 1.4million ounces was a likely target at PEPAS.

At $2000 gross margin, how many billions is PEPAS going to end up being worth?

Can't buy in small amounts - 4.15 on the Ask.

Are we about to start the next move up?

ID78 - it's going to be a lovely 6 months!

GAP UP from the open - could be the start of another major run!

OMI could rip on this news!

Damn you OMI - I wanted a few more weeks to cash out elsewhere and add here. I will have to prematurely exit another position to add here now!

Loving this:

“The Company feels these results vindicate its decision to begin the resource drilling phase at Pepas, with these exceptionally thick, and high-grade results, substantially upgrading the potential for contained ounces beyond what had been assumed at the commencement of the process.”

So we are going to have a MRE much larger than expected!

“Of the nine holes discussed in this announcement, six (PEP038 to PEP043) were drilled around but outside the Pepas core, while three (PEP044 to PEP046) have been drilled as part of the previously announced infill program that is designed to move Pepas to a Mineral Resource Estimate (MRE).”

We have hit gold around the existing deposit and “substantially” increased the size of the discovery!

Exceptional results! You don’t get much better than this!

Thanks JH for the response - understood.

Thanks - why 37p as the price target?

When this was trading at 14p, how many of us wished we'd bought more shares when it was trading much lower? Probably most of us! Well, it's not often you get a second opportunity to do so, and it has opened up. I would love an opportunity to load up an even bigger position, but am currently out of funds. Therefore, I wouldn't mind seeing this weakness continue for a while yet, so that I might be able to take advantage of it.

As soon as those infill results start to land, the train will leave the platform.

Look at the OMI chart, downward periods like this have then resulted in an instant triple digit rise. That will happen again here - mark my words.

This is where the "smart money" earns its label. They will squeeze out every last share they can get before any move up in the stock. It's called accumulation and institutional traders are the masters at it. They have longer term horizons and so can afford to wait it out, whereas retail want to see instant movement and "time" their holdings around this. If they don't get that instant movement, they feel frustrated and move on to the next big hope.

What is an "opportunity" for the former, is seen as an "opportunity cost" by the latter.

Personally, I think the issue comes down to trust. This is very hard to achieve and easily lost when it comes to the penny stocks. If you trust the BOD and what they are telling you, then you are more likely to buy on anticipation. If you don't have that confidence, but still think the stock might come good, then you might decide to keep it on the watchlist and only buy on confirmation. Sometimes it might not be anything the BOD does necessarily, that switches you from one mindset to the other. Share price movement for example.

To me, GRL looks like it has gotten itself into a situation where the market will now only buy on confirmation. This indicates a lack of trust in the BOD, because they would have us all believe that GRL is at an inflection point when it comes to production, but the market aint buying that on anticipation. All imo and dyor

I think positive results from Inez will trigger the next move up. So expecting a breakout next week when results are in - assuming the results are positive. Suspect they might also announce the fifth well, which should also be a catalyst. But let's see