Member Info for Legalwolf

A strong close today should set us up nicely for a Friday FOMO tomorrow. (I'm hoping we might get a pullback though so that I can continue adding ahead of tomorrow 😉).

I wouldn't be surprised if we see 15p by close of play tomorrow. The free float is very small and the ones who wanted to sell have mostly done so. So a lot of shares will be in sticky hands for now. That makes this a high speed rail train in terms of momentum in comparison to most others. I've added some more in the 12s.

There are no certainties in the market, but as Trek and others have said, a rare opportunity this for making a decent return. All imo and GLA

Ticking up nicely and looks like it's getting onto people's radar as well.

https://www.youtube.com/watch?v=MV9_8K494rY

At long last! Hopefully the seller(s) is done now (will be interesting to monitor the large trades from hereon) and we can finally look forward to some steady and sustained share price growth! GLA

I don't think HEX is going to wait fellas. It's a very small free float, so once it goes, it will continue moving. BCE looks like the delayed train by comparison.

They have had major shareholder exit the stock, hence the downtrend. I think it's a decent bet at these levels, especially as they have an even bigger drill (all paid for) coming up in Q3, so that gives you a bit of a safety net as well if this first drilling campaign doesn't produce the goods. So a rare opportunity to hold through a drill programme and into results - something which I rarely recommend or do myself.

https://twitter.com/Chariot_Energy/status/1785973485958750595

It could be argued from your recent half a dozen negative posts, that the shenanigans are coming from you JP, and not BT! He has just secured another £3 million from PB without any discount or warrants. The funds will allow the KCB to be drilled in 3 months and not 8 months, as well as continuing the fine work so far in Zim. If you have a target of 1.5 million ounces, you are going to have to pay for the project/licence. None of it is going to come cheap unless it's moose pasture land being paraded as golden! If KAV get to even a quarter of that target and mine it, it will represent a bargain!

What is there to moan about right now? Would you have preferred the traditional discounted placing with warrants, which also would have involved dilution? This work isn't going to pay for itself, and we are very fortunate to have PB doing the heavy financial lifting. Retail also had the opportunity to partake.

I'm delighted with the way things are going at KAV 2.0 right now, and looking forward to what I think will be an even better second half of the year. But all imo and GLA.

https://twitter.com/pauljohnson9691/status/1785681780080509301

KR - forget my previous post - drilling has in fact commenced!

https://www.lse.co.uk/rns/CHAR/drilling-operations-onshore-morocco-commence-ich3ztn7wjgkg3t.html

The chart is looking good. Let's see where we close today/this week, but this looks very much like the train is about to leave the platform for this Q3 drill.

You can't buy at the financing price now. Bring on the 5000m at the KCB. I think it will be a massive game changer for KAV 2.0. GLA

Ha PFG - it might well be GMET next :-)

I think we all know the plan is to re-rate the stock on reclaiming Anza and moving straight into a drilling programme at Pepas. The advantage is that it doesn't need to be an extensive drilling programme first time round, because it's following up on the drilling that was done by MMA. So put a few holes in and get some world class results out to feed the market.

All we have to decide is whether we believe the above represents an opportunity from these levels, whether short term or longer term. At 4p, surely a high probability bet worth taking? Or if you don't think so, then fair enough, don't take it.

KR - Char have two big gas drills coming up. In May/June, they will be drilling onshore at Loukas. Then in Q3, they are returning to their flagship Anchois project, with JV partner Energean.

I can see Char making a decent move soon.

All about timing with these high volatility shares and factoring in where they are in their life cycle (eg Lassonde Curve). Getting in ahead of financing is usually a good point, and I note the chart is also looking very constructive/expectant. Therefore, I think this could start to make its next move up in the run up to this financing news. It doesn't have a huge free float and lots of shares are in sticky hands!

So a good time to be in CMET me thinks but let's see how it all transpires. GLA

Is Bres finally stirring into life, or will it be another false dawn. I suspect it could be the former IF they confirm the financing/prospectus has now been completed. That announcement must be close now?

Let's be honest, how many of us are going to hang around that long anyway, or even to production? How many here will see this through to 40p, never mind £1 plus!

Looks like we are attempting to breakout of this recent trading pattern. GLA

I don't think they they can start the drilling until they have the finalised the deal. I would imagine the JV will also cover the costs of drilling. Also, if the deal falls through, then it will impact on CMET's own plans and deployment of cash.

Re 15 May, I don't think anyone in his position can say the deal will definitely be done by X or Y date, because that is out of his hands and he can't guarantee anything. However, he opened the interview with 15 May as the date that the parties have to conclude the deal, and then he mentioned "advanced" stage with Sheffield. Therefore, overall I got the impression that 15 May is still the date, but whether it completes by then or takes a short while longer remains to be seen.

I didn't get the impression it will be LB, and remain of the view that if they were going to do the deal, they would have done so by now, as he confirmed they had completed their DD a long time ago. All imo and GLA

Listened to it again. It sounds like 15 May is still very much on, in that he mentioned getting to "advanced negotiations" with Sheffield over documents. I don't think he was suggesting it will take longer than that, but of course he can't rule that out because of the nature of these things.

The production timescale has slipped though - MF would often tell us it was 6 months and made it sound as if the funding was effectively the FID. Did he get his timescales muddled up in this interview?

Enough in that interview for me to start adding here, as I do think they will get the JV over the line, and I think it will be Sheffield that will win the race. All imo and GLA

Self-aggrandisement 🤮