Member Info for Legalwolf

ORCP still going strong as well. Shows the interest in gold. Reckon the money from there will come pouring into here, as this is just at the START of its newsflow, whereas ORCP has just had its results.

Zak Mir predicting 6p incoming as well.

Think we've already had the shake. Think tomorrow will be last chance to get in at these levels ahead of the site visit RNS on Monday?

Last of the 4.6p being taken up. Once done, should tick up nicely this pm and into close at 5p. Wonder whether BG might throw in something tomorrow to fuel the Friday FOMO?

Is it likely the Canadians got wind of the deal completion before we did, as it was all to do with TSX regs I think?

And there is nothing wrong with this either. Many of these shares 'stall' at this boring DFS stage, only to then be catapulted up on financing news for construction and production. Isn't it all part of the Lassonde Curve?

As investors/traders, we just have to choose the right time to get in, which should be when we think the share price is ABOUT to go up.

Yes I guess it's too messy having two majors on board, as they often have different priorities and needs, which is what has likely happened with Newmont recently. Plenty of other active majors and medium sized operators in the area, so with the amount of work that has been done already at Anza, and the total licence package, there's a deal to be done here with ONE party. Or a sale to the chinese?

No I don't. Asking about the cash position is perfectly sensible at this point in time.

Thanks investor - I usually don't like getting into AIM shares if the finances are not in order. Best time is usually right after funding has been raised. That was true for the recent placing here as well, as the share price went from ~ 2p to around ~ 3.3p after the placing.

So waiting for the funding situation to be sorted, and then might consider it. I'm sure that's what the smart money will have in mind as well. All imo and GLA

I'm sure they will just "crack on" Dr R. Will they continue with PEPAS or hit one of the other prospects?

Important to remember that we are ENTERING a period of what will be weekly to fortnightly RNS newsflow between now and end of January, as well as daily tweets. December and January are usually the strongest months of the year.

So getting in now in November, ahead of two months of likely positive newsflow could be very rewarding indeed.

That's why I am loading up now. All imo and dyor

Investor - worth also looking at when placings have been done historically as well, to see when any rises have happened in relation to them.

Cash position is very key, as the last thing you want is to load up thinking it's the bottom, and then having your legs chopped off by a discounted placing. At the moment, you would have to say that the next placing will likely be done at 1p. Getting in after that might be the smarter play?

"If nothing else, now is an excellent entry point for new investors who look for oversold plays with good prospects for entry."

What's the current cash position? Surely that will determine whether it's a great entry point, depending on whether it's a short term trade or LTH? How does HEX fund itself going forward if not by coming back to the market?

This is entirely possible, because BG said that the deal stalled at one point because the Agnico wanted an option in the deal that would enable them to come back in, whereas OMI wanted a clean break.

Another JV shouldn't be too far away, and that's probably the whole point of declaring a resource at APTA and redrilling PEPAS. Don't forget the insti interest as well that LC mentioned in the recent webinar?

Must have heard you, Bid and Ask going up. 5p looks a shoo in today. There will shortly be a scramble for anything sub 5p.

Might test 6p tomorrow, and if so, there is a nice juicy gap that needs filling between 6p and 7p. IF that gap is filled (and it might need drilling results or the APTA RNS to land in order to fill it), then we are heading into double figures for the share price imho.

This COULD get big. SO BIG that even Bhargav might get an opportunity for redemption!

At times likes this, with a falling share price, it needs share price moving news to lift sentiment. But we know from the interview that no share price moving is going to land here soon. MB mentioend the winter shutdown a few times and I didn't appreciate it lasted until April. That's 5 months!

With placing risk as well, really can't see what incentive there is to buy now. If there is to be a placing, then it should be done now, so it can be discounted from this level. Last thing you want is for the share price to drift or fall further because of the winter hiatus and then it gets discounted from lower levels.

So for me, after that interview, this is not a good risk/reward proposition right now, as too heavily weighted in risk. That might change after April or after any placing. All imo and dyor

I've just taken some more. Think this is building up for another retest of 5p, which then aligns us with the TSX. If so, then the share price can also "crack on" tomorrow.

Last time there was big run up from 4.5p. Will drilling results cause another big run?

That's incorrect. I think Bres is an excellent project and have never disputed that. I also think MR is a very amiable CEO. But for me, the fundamentals and technicals have to align. At the moment, they don't. If or when they do, I'll be hoping to jump on board here. So definitely not bottom fishing here, as there is no point sinking cash into this at 4p, because it just doesn't move and so there is no pay back, unless you range trade it (which I have done before).

So I've sort of decided that i'll give up a lower 4p entry, in exchange for a breakout move above 6p, if or when that happens. I happen to think that won't happen until some truly major news lands, which isn't already baked in, and will lift this through the dilution and warrants into new highs.

For me, that truly major news is not jam tomorrow offtakes, but more 'here and now' news, such as drilling results or project funding. The proof of this lack of market reaction to the former is the last year or so. But like I said, it's just a personal take on things and others are welcome to vehemently disagree. It's a discussion board after all. GLA

Makes sense. With all the accumulation that has been done at these levels over several weeks now, I don't think there will be an opportunity to build a decent stake at these sub 10p levels once the RNS lands next week. It will likely gap up on news.

So Bhargav to exit tomorrow - could this week get any better?

Anyone expecting Bhargav to rock up and tell us about his 5p sells this morning? I bet he's just waiting to see which way things go, before he announces this time. Especially after yesterday's premature announcements.

Bid going back up, which suggests that last chance to get these at 4.5p.

Forming a nice and orderly pullback after initial profit taking. Good spot to add before the inevitable next move back up.