Member Info for Legalwolf

The pre admission shares are still being dumped here. Who knows how many are left, but we won't know what the low is until they are all flipped out.

Perhaps ominously, GCAT has also they stopped tweeting?

Have they not already hit the oil? Such that the risk is no longer a discovery one, but about extracting it?

I think 10p for sure. It still seems to have a lot of churn to get through and has investors who got in at 1p and 5p, who are taking profits.

If funding was close, I am sure Naheed would be shouting/hinting from the rooftops about it. After all, we're talking hundreds of millions of pounds of capex. There has been nothing from her to suggest any funding is imminent. It would also be an odd time to consider the new project of £200k. It will be interesting to see if she gives any specifics re funding or any kind of timescale for it as part of the next Q&A.

Always wondered about these low value trades. Anyone know what they are about? Who would buy on 1 or a few shares for example?

Looks to be going the other way right now. Very difficult to fathom the current share price given the macro fundamentals here and near term drivers coming up. This seller or selling just seems to hammers any rise/counteract any periods of buying.

Lobo knows his stuff when it comes to the commodity sector and is a highly respected speculator in America/Canada. This was a real grilling by him and BT responded superbly. What it shows is the genuineness of what BT was saying, in that he was able to respond to every point. Key takeaways:

-KCB drilling to start in around 6 weeks.

-Looking at generating revenue from the tailings dump within 4 months.

-Upscaling existing production within 3 months.

-Access to a 40 million funding facility if needed.

Very exciting period coming up here for sure and can't wait to see what news KAV puts out in the coming weeks and months. GLA

Let’s see if we get into the 6s today! GLA

Well if it is or does go under, the Epitaph could be: A share that promised so much and failed to deliver much of it.

KAV 2.0 - I like it! Yes, a good way of looking at things. If they hit copper at KCB, that would be huge!

I think a close above 1.2p will then bring 1.5p into sights. Good buy level this as its the same price paid by the Kasangra's and they bought before the encouraging early news coming out of Zim.

We can expect more large buys to start coming in here - you can see what impact they have on the share price due to the relatively small free float here and number of shares in LTH/sticky hands.

Yes - I definitely plan to see how things pan out here. We've barely got going in Zim and KCB, and so time is needed to let this all come to fruition. But we can move forward with some confidence.

Gold is moving back towards 2400. On the chart there is a gap that needs filling between 6p and 6.5p. Surely, that will get taken out as part of this next move up. Could be an interesting rest of the week here in terms of the price action. All of a sudden, the 5s look cheap! GLA

I know BG said end of month, but the key terms of the deal have already been agreed and its just due diligence, and so news could land anytime really between now and then. Either way, MM likely need the shares now for what's coming down the line here. GLA

Bid gone up to at 5.45p. Must be large orders being worked.

MM need shares - they know the herd will be coming. Hold onto your shares, don't give them away cheap. The news hasn't even landed. When it does, OMI will be in double figures!

I agree. It's time to look forward. This is potentially a multibagger in the making from these low levels. Lot's of drilling and results to come. By the end of this quarter, KAV will be drilling for copper and gold at the same time. Every chance we will be trading above 1.5p just on the drilling, and then the upside from that level will depend on the results.

BT is looking to make a new all time high in the share price, which would be 6.5! That will likely need a discovery at the KCB. Very exciting period coming up for sure though! GLA

You wouldn't think it from the price action! Very strange right now.

Just trying buying in large amounts and you can see what is coming here. Could be in the 6s by the end of this week! GLA

Understood Zan - those are brave placees giving the funds over before everything else is sorted out!