Member Info for Legalwolf

Santa reaped what he sowed - although I suspect he/she is a wind up merchant, posting on here with various aliases and pretending to buy and sell, but really just trying to wind up posters to reply to his flip flopping. Either boredom or some other issues.

No one is going to buy what this company is saying, or buy its shares. At least not in high enough volumes to stop the downward trajectory. There might be the odd decent buy here and there, but you are not going to see a herd arrive here, not until the drilling permit is granted, which we know is at least 3 months away.

It could fall to 4p next month, and I still wouldn't touch it, because I don't know whether more bad news or delay around the drilling permit would then cause the next sell off to 2p. That's what/where GEX is right now.

I don't get why they need to submit an extended EIR when they simply want a permit to re-enter Hussar. Also, they claim to have lodged reports with DEMIRS, yet nothing on the portal.

Regarding the investment from the Directors, I would want confirmation that the money has actually gone into the company. Do we have that? Oddly, although they claim to have updated the significant shareholders website page on 9 October, it still talks about what will happen 'on admission'. Then I recall that when the last accounts were published, did they actually confirm that the £5 million IPO placing money has actually been received?

I think we all have to factor in market conditions right now, as very few shares can go on a sustained up move when the market is depressed, unless their sector is one of the outperformers. OMI would already have been around 8-10p if the broader market wasn't so bad right now. The results have been exceptional, and the kind which in normal market conditions would cause big moves.

But hopefully we are just experiencing a correction, and the Bull market will resume, probably around the inauguration. There is churn to get through as PP has alluded to, but the overall trend and pattern remains bullish. Just need the market, or Gold, to reverse upwards.

You have said that a dozen times - and yet you still reply everytime. Are you okay?

The delay is not "only 2 months". It's more likely at least 3 months and counting. Firstly, it's 60 days to get the application in - assuming they do everything on time, something they have not managed to do so far. After it goes in, DEMIRS have to process it and accept it. And, as YOU have pointed out many times, DEMIRS can take weeks to months to process applications. Then they need to hire a Rig and Crew and mobilse to site.

Assuming it's all legit, you are more likely looking at early summer for Hussar re-entry.

Santa - tell us why we should no longer check the portal, after you posted the portal on here as an essential check before believing and buying into GEX?

No, I sell because the longer you are in a scam, the more you start to realise it.

There is NO WAY I am buying these again without checking the portal like you suggested.

Why are so against checking the portal, days after repeatedly telling us that we should check it for the truth?

I think the whole thing is starting to appear like a share trading racquet. It's either:

1) A ruse to sell shares, after which there will be no drilling.

2) A genuine project, but which is being newsflowed in a way that is assisting pump and dump action, at the moment downwards, but with a view to reversing it upwards on good news.

3) A genuine project which has just had bad luck or understandable delays.

Don't think it's 3, because it doesn't explain the shifting sands RNS. All imo

Santa won't be going anywhere. He will come back again under a new alias. That's his MO.

IMHO, it is starting to look like GEX's MO is to serve up enticing bs that Hussar is a monster, with periodic interviews given to dangle the carrot, whilst shares which it issued pre and post IPO are sold to retail. Is this merely a share trading racquet, based on a yarn that is going to be repeatedly spun until all the shares are sold?

How many more are going to be issued on completion of the scoping study?

The main thing for LTH was always going to be the results, and they are "exceptional". As the RNS states, "since Orosur reassumed ownership and control of the Anzá project in late November 2024, seven holes have been drilled at the Pepas prospect, with all seven returning outstanding gold intersections." So results wise, OMI/Pepas are more than delivering the goods. Tantalizingly, Pepas is promising even more to come.

In terms of today's price action, it's also perfectly fine if you are LTH. There has been a lot of buying today, and we have cleared a lot more sellers/traders/ weaker hands. This means that buyers can come back in at the lower end of this consoldiation, knowing that once the broader market picks up again - which it will, we will head up again for sure. All imo and GLA

The company interviews and RNS have all turned out to be incorrect. When you add this to the track record and other concerns raised, then major red flag warning signals are starting to flash strongly here.

I am no longer going to be enticed by how fantastic a project this is. That is said to lure you in. I am also not going to listen to company interviews or timescales.

No, instead, and thanks to Santa, I will now only buy in if or once the DEMIRS portal shows that a completed application has been lodged. Portal is below but no point checking it until for at least two months, as no application will be submitted in that time.

https://pgr.dmp.wa.gov.au/PGR/ApprovalsTracking/ApprovalsTrackingResult.aspx?d=%2fxafR%2f74B0PcNn%2f9jV%2fwWWZ2D34N6cCUyYC29EXUhCrKegR2g1ZC01fXNYQR3CAzsLqJcvncOQ0%3d

Untrustworthy company this with untrustworthy RNS. The only way trust can be regained now is if/when we see an application lodged ourselves on the DEMIRS portal for which we should be grateful to Santa for bringing to our attention. Nothing the company say in interview matters as they keep changing each time.

So let us know Santa when you can see an actual application lodged on the portal and we might take this seriously again.

That’s very useful. One less thing to worry about then.

Why is it going to hit 8p when a 3 month delay has just been announced, and it dropped on that news? More likely that this will see 5p by end of this month, and certainly in February when the locked in shares can be unloaded.

There is NO good news on its way either, as today's RNS has covered the lot!

It's actually trading very tight, which is exactly what you want in a consolidation and ahead of news.

Hard to imagine there won't be any gold reported in the next set of results, so we should get a decent breakout and momentum back in the stock.

But of course, the drill bit will do most of the talking, with much of what we all write on here (inc myself) as noise and commentary in comparison. GLA

Nor is trolling a share for several weeks, and then expecting people to take you seriously. Take a good look at the BB, who is taking you seriously (other than maybe accounts you have created yourself)?

Good luck trying to ramp this now....

Talking about accounting, when you look at how many millions HE1 and others have spent on their drilling, how credible is it that GEX has only budgeted a couple of million for Hussar - I think as low as 900k for the re-entry? I know it's Australia and drilling is likely cheaper, but for a 2500m well, it's VERY low in comparison to what we are normally used to.

Again makes me wonder if there is going to be any drilling, or if there is, it will actually be paid for with another placing which will be justified in some way.

Too many red flags here now. With another 3 month delay to drilling, that means another 3 months of attacks from TW, trolling on this BB, offloading of free shares (lock in period ending this month plus more free shares on the way?), as well as increased placing likelihood (which if it happens will likely involve even more free shares).

IMHO, GEX has lost credibility with all the shifting sands and contradictory RNS. I really don't think buyers are going to return here en masse until a drilling permit actually lands, or at least is submitted to DEMIRS and we can all check.

So it's another 2/3 months where sellers will have the upper hand here, and we can only speculate how low it might go in that time. Relieved to be out for now, as it was becoming too much smoke and mirrors stuff, and there are no doubt better and 'cleaner' opportunities out there. All imo and dyor

I'm not too sure about Santa. I suspect he is one of a number of aliases, pretending to buy and sell, but essentially all just trolling the share downwards, by making even the positive messages so extreme that no can take them seriously, or join with them. These accounts/trolls then pretend to have arguments between each other, but it's essentially the same 'force'. Unfortunately, when the newsflow is negative, then it all just helps the trolls create that downward pressure.

With a 3 month delay to drilling, think the market isn't going to take Hamilton's word anymore, but will want to see proof of DEMIRS processing a completed application.