Member Info for Legalwolf

KR - I still think there's (big?) doubt over whether MATD have enough time to get Heron 1 into production this side of the winter shutdown. So it could all end up with disappointment, and having to go again next year?

A positive sounding RNS, but as ever with MATD, a few question marks thrown in as well. Gobi is likely going to end up as a duster, but at least its out the way now and was secondary. The rest of the RNS seems positive, but on a re-read, I guess the only hurdle and room for doubt now comes from the following sentence:

"As soon as the agreement is in final form it will be shared with industry regulator the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) for approval." And then the race against time presented by the winter shutdown.

So whilst the production facilities can now go ahead and won't take long, the remaining hurdle now is to get this PC deal finalised and then approved by MRPAM.

Will they have enough time to get this all done before the winter shutdown, and even if they do, will it be practicable to even start production so close to a winter shutdown?

Fair enough, but I was taking a helluva lot of abuse from Cybertron, Coco, RJ and several others, all ganging up so I did no more than hold my ground and fight back. I was not alone in fearing the raise. Folk on here had plenty of time to get out, because at the time the raise was being discussed relentlessly, the share price was trading between 8p and 10p. Anyway, it's all done and dusted, and I don't think there's been anything like that since.

Don't know why some have to bring it up constantly, but up to them.

Read my posts, don't read them, engage with them or don't engage with them, it's a free world. Shouldn't take anonymous posts or posters too seriously imho, and certainly not as investment advice or substitute for your own research.

"The idea of posting here, was to a create a supportive team, to help each other do better, and help avoid some bad choices..."

Exactly, and talking/warning of a placing helps avoid bad choices, so why can't they be posted about on here? It just seems to be the case that those who are already in a share, don't want others to mention negatives. That's not honest and what friends do either, nor do they turn on you for their own mistakes afterwards. So i'm not sure about the "friends" bit at all, or at least I hold my friends to higher standards than what some display on here.

Anyways, I guess we take what we like from whoever we like on here, and ignore/filter or in some cases finger point at those we don't. It's all fair game. GLA

Worth addressing this topic separately, so that you know how I think and operate. Basically, we are all strangers and don't owe each other anything. If it came to it, each of us would not give the other a life jacket or parachute, ahead of our family and (actual) friends. There's no loyalty at play here, and where there is, it's built on shifting sand.

Accordingly, if I invest in a share, and one of you posts negatively on its BB, or on this more private one, whether genuine negativity or trying to de-ramp it for lower entry, that's 'fair game' and your prerogative. As far as I am concerned, it's all part and parcel of the AIM jungle. Guaranteed that if it's not one of you posting that FUD, some other 'total' stranger sure as hell will be ('Earl of AIM' types for example) so it makes no difference to me. Also, each BB has lots of traders posting on it, who switch hot and cold depending on whether they are entering or exiting. It's how these things work, or are worked - think of it like snipers in a shoot em up video game. If they take you out, you don't cry about the game or call them out, but factor them in when playing because its part and parcel of the game mechanics.

This BB is for exchanging tips and thoughts 'outside' the battlefield, but once we go into the game, if any of you turn out to be snipers in a share I am in, my attitude these days is fair enough (even though I might not like it). If we were operating as a syndicate of traders, then obviously things would be different. But we're not.

Generally, I have come to learn that if I am going to use BB a lot, it's better for the psychology and psyche to approach them in this way, and not get too worked up by what others post or their motivations. So good luck to all in your individual games, but watch out for the snipers :-)

If you're going to take shots, let's at least stick to the facts:

1) Was I right in calling out that placing in HE1? YES!

2) I had a LOT of money in HE1 at the time (the biggest position I have ever held in a single AIM share) and it became a fractious argument on the BB, hence why I mentioned it umpteenth times.

3) There were large sells happening throughout that time, which were unexplained ahead of a major drill, but added to my concern. They turned out to be the 'in the know smart money' getting out ahead of the placing.

4) Accordingly, I started to sell down my large holding in HE1, so I traded based on what I was thinking/posting.

5) The fact that there were posters on here who were also invested into HE1 at the time, was not my concern or my problem. I warned them privately on here as well. They chose not to listen, or disagreed, which was their own (mistaken) call. Then turned around and started to shoot the messenger.

In my limited experience, one of the crucial lessons learned is to ensure that you are not invested in an AIM share ahead of a placing. As Trek often warns, you get in ahead of operations, and get out ahead of financing. This year, I have made a very decent amount of money by following this approach.

I recently called out a placing in OMI. Not a difficult call as the one in HE1, but sure enough, one has landed.

As for HEX, yes they are fully cashed up, but they have had a setback which will have cost them money. Moreover, they have another drill to pay for, and often in these circumstances, these companies consider it an opportune time to raise. So discussing a placing risk over there is perfectly legitimate.

Sounds like very encouraging news coming out of KCB for KAV? Closing in on a commercial copper/silver discovery by the looks of it. If KAV does indeed get this gold plant up and running by H1 2025 then easy multi bagger in the making here. PB have put in £12 million already.

Going under the radar this.

KR - I’m not in HEX.

Deep - in case you hadn’t noticed this is a private forum

so only a handful of people read what’s on here. So chillax

Nc - I don't take issue with what you have said there, and you might well be right. It's why Bres remains on my watchlist. I do think any re-rate might well depend on things like completion of DFS and resolving the funding situation. It will prove to the big money that notwithstanding the struggles of the rest of the sector, that MR has navigated Bres in a way that it can be distinguished from other graphite juniors and will get to production.

That's not to say a re-rate won't happen beforehand, and MR has hinted at some share price moving announcements in the near term. Hence why I continue to keep a close watch on it. Good luck with your investments.

I agree it might be a good bounce play if the first well is a duster, but with the additional drilling they have had to do on the first well, is there a placing risk before they drill the next project, which appears to have a higher COS?

Tough one to call this. Temporary construction is only one half of the RNS, the other half needs to confirm that production has commenced. Or will the latter necessarily follow from the first? Then there's the question of whether Gobi is a duster, it will be buried into a production has started at Heron 1 RNS, meaning that it won't affect the share price.

I'm just a bit bemused why the Governor would delay the construction permit, if MATD can just sidestep him by going for temporary construction instead? If it was Australia or Canada, we wouldn't need to worry about such matters.

Drilling news to land and should take us towards 3p. Then a case of building from there. GLA

Forgive me if I respond by saying I couldn't care less what you think either. If you can't deal with the substance of my posts, then why bother commenting at all. There's lots of frustration with Bres's share price performance, and people wondering why, and I just join in with that discussion from time to time. This is a BB for discussion after all, but maybe you want an echo chamber of positivity?

In the time that I have posted "negatively", I haven't bought a single share. Bres remains on my watchlist though...

I'm not all that surprised having listened to the recent mining podcast that MR did. I have to say, if you were a potential investor listening to that, you might be put off from investing into graphite juniors right now. It was rather downbeat with MR and the host talking mostly about the great difficulties faced by juniors in the graphite sector and the uncertainties/delay with the EV revolution. We heard how most graphite companies are taking years at DFS stage, and very few are actually going into production because the numbers don't make them commercially viable, and hence able to access funding.

Whilst MR did a good job of trying to differentiate Bres from the rest of the struggling graphite pack, it was a depressing listen with regards to the graphite junior sector. I will listen to the latest Q&A done with The Sponge, and hopefully that will be more upbeat, but maybe one of the reasons why the share price is so low is down to poor sector sentiment, which means less of the 'big money' coming into such stocks?

To be fair, even gold stocks have struggled to keep up with the gold price, so it's probably unrealistic to expect graphite stocks to do well when graphite prices are prohibitive. But maybe these forthcoming announcements that MR has hinted at might move the needle? All imo and dyor

Getting the mining permit will be the big news for Cora, and no wonder it has stirred into life on anticipation. I will need to revisit the complicated financing deal they secured with Lionhead, but otherwise a cracking set of projects.

Still undecided between Cora and OMI as preferred AIM junior goldie of choice. Any others worth throwing into the mix?

MM/big players will use any excuse to mark the price down, so Gobi results might have an impact. The bigger news will be whether MATD have indeed managed to get into production at Heron 1 this side of the winter shutdown next month.

You mean Siri Alexa - she's not having much of a positive influence on him so far. I wouldn't tell Siri Alexa about your investment decisions with OMI, as even she (they) will laugh out loud.

A lot of sellers have also been cleared from recent rises and then the drop. Should make for a faster move back up through the levels.

They need skin in the game to attract the likes or Rick Rule and/or potential JV partners. They won't be taken seriously otherwise, and talking about "elephant country" is a bit hollow when you are not putting your money where your mouth is.

Not to mention the extra money that will come in from Sheffield exercising their option to acquire another 5%. Sheffield will undoubtedly exercise the option imho, especially as their Chair is on the BOD and will know very well what progress is/will be being made. Sheffield will also have to pay a premium to the current share price!

Little wonder the share price is stirring into life, as the drilling RNS will kickstart the recovery here, as will news on progress being made on the financing.