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At every stage, Silver etc have come up with excuse after excuse. That's all he ever does is defend, defend, defend. Hamilton could come and c r a p on his head and Silver would defend that as well. But it's too late, once this relists, the market will do the talking, not Silver.

No they are not - they have told you that GEX only had £1.2 million in January.

So what do they have now and how much will they need for drilling?

Typical Silver - refuses to engage with the facts, but just goes for childishness instead.

Tell us then you amateur why you disagree with the auditors and the AFR?

Anyone read their AFR? What a shambles and never come across a company that bs's the market as much as this one has done!

Suspect it might take a big hit on relisting.

Just read the AFR, and mightily relieved to be out of this shambles. I suspect this will crash as soon as it relists. The AFR is not a good read at all. It raises concerns about the truthfulness of GEX, which has been an ongoing issue. Now, I have been warning about a cash raise here for a while, and got shouted down by the likes of Siver, Pompey (same posters?) and a few others. But now the AFR has confirmed that a cash raise is going to be needed for the company to continue operating, never mind drilling. I mean, if they only had £1.2 million by January, then what will they have left as of now? The AFR makes clear that: "We draw attention to Note 2 in the financial statements, which indicates that the group and parent company is at present reliant on the continued support of its directors and lenders, which has been confirmed, as well as the support of other external creditors in not seeking immediate repayment of liabilities due in the ordinary course of business. There is a need to secure further financing in order to continue to progress the exploration projects and to meet its ongoing working capital needs as they fall due."

Secondly, a company that was going to be drilling in December 2024, now announces in June 2025 that it has still NOT lodged all the documentation to DEMIRS. "IF" it gets approval, it will "then" still have to secure drilling contractors and "then" order long lead items. So there is NO WAY they will be drilling any time soon. The longer it takes, the closer they will be to running out of cash, if they haven't already.

Thirdly, everyone should read some of the comments from the auditors in the "Key Audit Matters" - comments in there raising concerns about GEX's calcs and bias.

Somewhat ironically, the best thing that can happen to GEX is that it relists with a capital raise. Might get away with raising at 6p. But if it delays the raise, the share price will likely tank on relisting to new lows, because of the delay to the drilling and the market knowing that it is running out of cash. Which will mean the share price falling further so that the eventual and INEVITABLE raise will be done at an even lower price.

The raise will need to be for a substantial amount. Drilling aint gonna be cheap and then there's working capital and the Mt Winter. All imo and dyor

Yes should start to head back up once this RNS lands, and we get to learn what OMI have decided about their forward plans for H2. Whatever they decide will be exciting for sure, because every project is exciting.

The chart looks primed and ready and a lot of the sellers have been taken out, meaning the path back up should be easier and clearer. Wouldn't surprise me to see it tick up this week in anticipation of news next week.

Looks like we are rising on anticipation of results, rather than on confirmation. If this continues, then we could be at new highs already by the time the Inez results land to propel us even higher.

If we are 30p already when (hopefully positive) results land, then we ought to smash through 40p, as that would only represent a 30% move up. With the small free float here, Rudyard completely de-risked, the kinds of triple digit gains that AIM has been seeing of late (and in stocks that don't stand up to HEX), I would not be surprised to see this double on results. All imo and GLA

Yes, they have used up most of the previous raise so it’s highly likely they will raise again. That’s what most of the treasury stocks are doing. Tell us why this one will be different?

Might need to get the next raise done before any rise can materialise?

Not ruled out the possibility that we could start the next leg up next week i.e. on anticipation of positive results.

I suspect it's because capital is re-entering the markets, with institutions prepared once more to participate, and approaching companies and brokers looking for opportunities.

A lot of the discounted placings are happening with these crypto treasury stocks, in a rinse and repeat exercise. But retail are lapping it all up nonetheless.

Markets look strong to me!

We are very fortunate that our inflection point here is occuring in a bullish market that is making new highs, both here and in the US. There have been some very strong performers on AIM this year. As well as being an IPO, or rather because of it, we have a relatively small float here, with much of it in sticky hands. These are additional factors in our favour, as they will give much greater strength to a share price rise than we would get without them.

£1 is certainly feasible in a strong market with momentum behind it. There are many examples of this on AIM.

But £1 is based only on Rudyard with multiple producing wells. What other projects will a cashed up Bo Sears add to the portfolio post production? He moves very quickly in this regard both in terms of acquisition and then progressing operations.

Lastly, I don't think it will take us 18 months to get to £1, or whatever the Rudyard top will be. These moves tend to play out much quicker than that. All imo and dyor

Would someone mind posting the links to these interviews?

Draining the swamp before the next leg up. You can see price tightening up, absorbing all the supply that is on offer in this pullback. Each level within the pullback is being squeezed dry. Once done, will retest the supply at the top of the pattern, and hopefully breakout. But let's see and GLA

Bigbench - I think if this next well comes in with positive results, it will trigger a move to ~ 40p. That's simply because the market will start to anticipate a positive case for the fifth well. Whilst HEX aren't hanging around when it comes to drilling, that also applies to production, which they want to be up and running by end of summer.

So the newsflow will sustain a big move up. Let's not also forget the likely change in investor base upon producting - we can expect the insti's to start coming in. Not all of them will get mates rates from Bo, and will need to buy open market. That buying will bring some serious volume into here.

Once we breakout of this large formation that we have been in for a year, the sky literally opens up and there is NO overhead resistance to worry about. It's pure upside. That's the beauty of catching an IPO that is emerging into a big growth phase. They don't come around that often, and certainly not at the pace that HEX has developed at.

You can easily see why they have the target price that they have:

"Should the company make a discovery at the Pepas 2 target that is comparable to the mineralization delineated at Pepas and accounting for the size of the

anomaly defined by soil and channel sampling at Pepas 2, we believe it could delineate an additional ~1.4M oz AuEq at 4.47 g/t AuEq. Thus, in the near to mid-term, we believe the company could potentially delineate up to ~2.8M oz AuEq in gold mineralization."

This 2.8Moz is based on Pepas 2 alone. It does NOT include any upside from discovering the "deeper source" which is "the big prize", or any gold at El Cedro or any gold at El Pantano.

8p is just plain crazy for the value proposition that is opening up here. As soon as we hit the high grade zone at Pepas 2, we will then be talking 3 million ounces. This could happen at any point now, once they resume drilling at Pepas 2.

Of course, it all needs very careful strategising from BG, but boy the options and choices that OMI has ahead of it are amazing and unrivalled in the junior exploration space. Buckle up as it going to be a wild ride.

If you look at the chart, it is looking primed for a major breakout. We are trading at the top of this large base formation that HEX has been trading in since IPO. This will be the fifth or sixth retest of the top of this large formation. As the saying goes, the larger the base, the further they race.

But sayings aside, IF we breakout of this large range, which we surely must do IF this next well delivers, then you are looking at the START of an uptrend and I would be thinking 40p as its FIRST stop.

Critical period coming up here for sure. GLA

I've just added - I believe we are just consolidating the recent rise (i.e. a pullback), with supply being accumulated before another move up.

Grabbing what I can as can see this ticking up and making a decent move back up today.

Next leg up we make new highs. LOTS of the sellers are out already, so should be less overhang and buyers in control on the way back up. That's what makes an uptrend!

Another large late reported trade for £15k. Some are loading up below 9p, whilst they still can.

Have a feeling the next RNS will be "game on again" for us. Potentially going to get updates on Pepas, Apta, El Pantano and El Cedro!!!

I think we will get something by 7 July - it's clear from the tweets that there's stuff going on in the background. The meetings with insti's are likely to be about Pepas?