Member Info for Legalwolf

The review was announced on 18 March. When do folk think they will likely conclude the review? Is it likely to be after Anchois (and indeed dependent on Anchois)?

Yes, but as I have said before, why are PKF not prepared to give a timeline? I mean if GCAT asked them for one a couple of months into the audit, you might think GCAT are being a bit pushy. But they have asked them for a time after several months, by which stage no matter how stretched PKF, you would think their client management would not be so shambolic and uncaring as to still not provide a timeline. Even your local rogue builder would promise you a timescale after this length of time of waiting for him (even though he might then still mess you about).

So it's the lack of timescale that is intriguing here imo as much as the time being taken to complete this audit.

Low volume suggests it might fall a bit further, unless they release some newsflow to stop that? I'll keep an eye on it.

They've covered the issue already. Hex raised more than twice the amount needed for this drill. In one of the interviews, when DM was boasting about the fully funded and extra money raised, he also had a bit of a dig at He1 for dilution, which I thought was a bit rich as some of that was under his stewardship!

But this is AIM, and you can never rule anything out, even if an AIM CEO tells you that you can!!!

Https://x.com/Robin25461631/status/1798643593063608382

He knows what's coming down the line here. That is some serious backing from him.

I like the way BT has put the investment case here, and thought much the same. You have the upside from the gold, which looks almost inevitable to happen (only how much gold being the question) and then the turbo booster event which would be hitting some copper on this upcoming drill as well.

Not too many sure things in the markets, but KAV has to be a high probability bet to be well north of here by the time the year is out, whether it's the gold that takes it up, or the copper, or hopefully, both commodities. All imo and dyor

If we close around these levels today, we will likely breakout tomorrow to whatever the next staircase level is. The beauty of this being an IPO is that there are no overhead resistance levels. It's just blue sky. I remember how it was thus with He1, when at this same stage, it went 6x to 28p, before the drill encountered an issue and they lost the hole.

So tomorrow we might even do the Zak Mir, but let's see.

But really, it's not about tomorrow but the next 10 weeks (and beyond). GLA

Sebo - why do you say the LB deal was not great, and the Sheffield one is better? Genuinely curious to know your reasons as to why, because to my reading and understanding of it, the LB one was miles better, as it secured the full $80 million and the LB Group would have guaranteed 100% of the offtake of heavy mineral concentrate and ilmenite for the entire project life at prevailing international prices at the time of sale!

So what was not to like about the LB deal, and how in comparison is the Sheffield one, details of which are still a bit unclear, much better?

Thank you KeithOz. Understood.

Well no it doesn’t. It means they will review financing before the MOU5 drilling. That’s not the same as saying they are funded also for that drilling? Which is why I asked in the first place.

When they say fully funded for all near term work, do they also mean the MOU5 drilling or is it just the work prior to that?

If someone could please clarify/confirm?

It was a good RNS until you get to the financing part? Does that section hint at a placing coming up and if so why pre announce that?

Yes but when you say around Q3 on AIM it includes the possibility of Q4.

Another 1.6 million late reported trade?

Swissy, just had a very quick listen to the IMP. I liked the BOD, they come across well and the company does seem to have a range of products and has made excellent progress. The growth potential is there to see. Yes, there is some uncertainty about timescale for FDA approval. Don't know why he said a month, and then changed this to around Q3. The latter could even mean Q4. I guess the issue then becomes the cash position and how much runway they have with the burn rate.

Interesting share though. I'll keep a close eye on it. Thanks

Swissy - best hope this is not the start of a double top, as opposed to a shakeout. If the former, then still a bit of downside to come by the looks of it? I will listen to the investor meet presentation.

What's your view of Genedrive?

Well let's see if we get a commencement of drilling RNS before the completion of JV. Or if not, some tweets to show the drilling taking place.

Yes these go back in/revenge trades don’t usually end well unless you are experienced at them.

Err... didn't they also say it was going to start in April? I think everything is on pause pending this JV. Were it otherwise, why not RNS it. Also doesn't make sense to start the resource expansion drilling when that is a key component of the JV. But let's see. All imo and GLA

Pushing towards a breakout as we approach what could be another FOMO Friday. All they key newsflow is ahead of us as well. Looking very good here. GLA

HEX isn't going to pullback to 20p. If it pullbacks at all, it might hit 21.5p, but I actually think it's going to finish this week above 25p. But let's see