Member Info for Legalwolf

I like the way they are going about business right now. Each project is being progressed and they are so far managing to demonstrate that there is gold and/or silver in each of them. They are taking two of these to MRE, which should underpin a higher valuation, when APTA comes in. They are also then looking to make new discoveries with El P, El Cedro and within Grand Pepas. Later on down the road, they will also look to do the same at LV.

This strategy ensures that newsflow is plentiful, regular, value enhancing and exciting.

Having this amazing portfolio comes with the nice headache of working out how best to use the cash and grow the company. We know that they are looking to JV, but want to drill each project themselves first to demonstrate value and get the best JV terms. Can't argue with that. BG has always said that the plan is fluid and will change as they go along. I guess it has to be with the portfolio that they have. So far, I think they are playing a blinder, and spending the cash well.

I think making new discoveries within Grand Pepas will be more value enhancing than stopping and proving each one up. If they can show that the area has a number of these "at surface deposits", then the market will get a sense of scale without necessarily needing a MRE for each one? The exception to this might be if they find something that looks like it has similar or larger scale to the existing Pepas deposit. You then need to have a real think about taking that to MRE so that you have something that is truly representative - the remaining deposits could sit as an exploration target?

Perhaps the best time to decide all this is once they have all the studies done for the existing Pepas deposit. If they can scale up an operation from the existing 30koz/year, rather than simply extending LoM, then why not?

Nice to have all these options and it all does make you wonder where this story stock will end up over the next 12-24 months.

Think we might get a market bounce next week, so if results land the week after even better.

Especially just before a market bounce on war coming to an end!

Could we get the next set of results from Pepas West next week?

Meanwhile, we are sitting at support and so these might well be the cheapest shares anyone will get ahead of JORC upgrade and funding news later this quarter.

I find this discussion a tad bemusing. Not because I have any problem with anyone highlighting logistical issues, but more because it’s only an issue for us if it’s an issue for funders and/or contractors doing the logistics. After all, to the best of my knowledge, none of us are funding OC, nor are we going to be transporting the goods?

Provided it’s not an issue for those that are, then why get worked up about it. Given that we have been told repeatedly that there is strong interest in funding OC, which in turn must mean no logistical issues preventing funding being secured, then im not sure why this is being given so much air time.

Admittedly I might be missing something here but it seems like second guessing the DFS and the funding process to me.

Folks just look at the size of some of these buys coming in. Shares are being gobbled up ahead of all this newsflow.

Once Trump gets his deal with Iran, his new Fed Chair will be helping him create one heck of bull run in the markets ahead of those mid terms.

We are hopefully gearing up for one heck of a year here.

This is all about accumulating what you can before those next two holes come through from West Pepas, which already seems like they will be more world class intercepts. Then same again from ANZA, which soom will be renamed BonANZA! Nothing like drill results to get the market going!

Imagine also what happens to the share price when some serious volume comes back in here?

After a sell of, prolonged reaccumulation and de-ramping, the share price looks ready to go. Is it asking for too much, to expect that the next set of results will be a double hitter from ANZA and WEST PEPAS? That will truly paint the picture more starkly that this is a company where PEPAS is a company funder (and growing now with additional mineralisation) and we have also then have growing and larger deposits like ANZA which the former might one day help to fund into production!

Such an RNS will really put the cat amongst the pigeons here when it comes to the share price. Can't wait!

I also still think the war is having an impact in that not all of the large money will commit itself to the market until a deal is agreed. Any news of such a deal and would expect to see some large gold players making a later entry, or reentry into this exciting and fast developing story stock!

We've had a very lenghty and detailed DFS process here, almost excrutiatingly so. Logistics will have been a key part of that. Clue is sort of in the title - FEASIBILITY! MR is never shy to talk about any negatives, and I'm not sure logistics has ever been something he has expressed a concern about - although happy to be corrected about this. Alternatively, that logistics is any kind of stumbling block or issue that is coming up for funders. In fact, we're being told, repeatedly, that there are multiple parties interested in taking this on, all of whom will be/will have done their own due diligence, including on logistics, and especially for an African country,

In these circs, unless we hear otherwise, why are we questioning logistics?

As far as I am concerned, it's a case of whether you trust the BOD here when they say they have multiple parties interested. Do they, or are they spinning a yarn here. If they do, what does interest actually mean? Is it as weak as 'lots of business cards exchanged at various road shows', do they actually have offers and proposals to to go through, or are they actually in advanced discussions and close to finalising a deal with one or more funders?

It's this, and not trying do our own DFS on logistics, that I would argue is the key issue for us right now.

Would we even be having this convo if the share price was in double figures?

Crack this level and it should be off to the races. With the buys coming in and pressure building it’s just a matter of time.

Mrdigit - seriously no point replying to trolls all the time and giving them air time. Just a wind up merchant and not worth wasting your time.

Another great set of results. Q2 is shaping up to be a key quarter here.

Good to see this pushing at the 22s. Only a matter of short time!

It's okay, the LTH here have been around these bb long enough to know how the game works. Whilst there's de-ramping and trolling going on, we are not allowed to say anything positive, even on a day when we get a fantastic RNS, which opens up the strong possibility of another significant discovery at Pepas.

Admittedly, we needed today's RNS, not just because of the sell off, but the non stop de-ramping and trolling on here, where literally every day of this bb was hogged by negative trolling, making it pointless to bother with it. After several weeks of putting up with all sorts of nonsense on here, after today's RNS, and with the exciting newsflow we have coming up, starting with the next two holes, we should not hold back in our positivity, exhuberance and indeed ramping!

After all, did the trolls and de-rampers stop at any point? No, they hammered away on here each day, every day. Now the boot is on the other foot, what nerve they have to cry about positivity. I say we all give it back em as relentlessly as they did when they had their small window of opportunity. The pitch is now ours and will be for a long time!

Oh dear - trolls getting stressed because we've had a very good RNS today, and their time for de-ramping this stock incessantly in recent weeks has come to an end😉

Will I stop pointing out the obvious strengths of OMI? Nah....

I heard JD Vance today say that they were very close to a deal with Iran, but the latter needed to go back to Iran for authorisation to close the deal. The same was said by the Iranian foreign minister (apart from the needing authorisation bit). Given that they were seemingly close to a deal, hopefully they won't return to hostilities. The market aint fussed about the nuclear stuff, it just wants the strait opened to avoid high oil prices, and obviously an oil supply shock, and all the bad stuff that comes with that!

So as soon as that strait is opened, whether through paying tolls or Iran backing down on tolls (because the US gives it billions of dollars through other avenues such as sanctions relief, unfreezing assets, trade deals, etc), hopefully that's the end of any impact on the market. Then its boom time with the QE that Trump will inject into the markets!

Could all be very nicely timed for BRES funding news!

I heard JD Vance today say that they were very close to a deal with Iran, but the latter needed to go back to Iran for authorisation to close the deal. The same was said by the Iranian foreign minister (apart from the needing authorisation bit). Given that they were seemingly close to a deal, hopefully they won't return to hostilities. The market aint fussed about the nuclear stuff, it just wants the strait opened to avoid high oil prices, and obviously an oil supply shock, and all the bad stuff that comes with that!

So as soon as that strait is opened, whether through paying tolls or Iran backing down on tolls (because the US gives it billions of dollars through other avenues such as sanctions relief, unfreezing assets, trade deals, etc), hopefully that's the end of any impact on the market. Then its boom time with the QE that Trump will inject into the markets!

Could all be very nicely timed for BRES funding news!

If the wider market recovers its strength, it could be a very quick move into the 30s. Previously, there were lots of folk doubting the 30s, never mind it reaching the 40s. Now the psychology changes, because the 30s have already been taken out once, and 40s hit. Also, we know that most large sellers who wanted to exit at those prices have also already been taken out!

To support this next leg up, we have some more worldies to land from West Pepas, closely followed by the same from ANZA, and a comprehensive update from El PANTANO. To support continued gains, we then have more results from West Pepas, ANZA and commencement of drilling at El CEDRO.

The Return of the OMI!

The last run up started like this! But this time, we have sellers mostly out and lots of newsflow ahead of us. Reckon these two holes will blast this resistance just in time for the next two worldies to land. Maybe even this week, but if not, certainly next week!

Get the cheap tickets whilst you can - except even that is difficult with the scrambe for cheap shares and NT to buy.

Once price takes off, it's goodbye to these levels as there's literally months and months worth of newsflow ahead of us!