Member Info for Legalwolf

BG seems to have got his mojo back. Purring away now.

Mischief - I have a very similar plan to yours re Hex.

Right now feels like one of those rare periods, where we are almost spoilt for choice when it comes to opportunities in the junior space across a range of commodities. You can see this just from the range of companies being put forward on this private bb. Could turn out to be a very good quarter this?

Agree with Trek on this one. Hex is fully funded - in fact more than fully funded for this drill. So no dilution risk at all. It only has a float of circa 100 million shares (excluding locked in shares). Therefore, once the initial churn is over and it moves, it should move relatively quick. Also fully expect Hex to turn the screw up on the media side of things, something which the CEO did really well when he led He1 into its maiden drill a few years ago - which drill made a few of us a lot of money!!!

Market conditions are a big factor for IPOs. Current market is showing some signs of life after a tough few years, and a good time in that sense for Hex to launch, compared to say 18 months ago. Definitely one to watch and i'll be looking to add as well.

(One thing I am sceptical about, and has nothing to do with Hex, is when companies say their placings were "oversubscribed". A CEO of a company I am once fessed up that these claims are often bs and just said for ramping purposes. So ever since then, I've been a bit cautious whenever I hear them, but I am sure there is way of verifying their accuracy.)

Lol, bit of a bitter ego there Mr Tro. Don't worry, we all know you da man and king of the castle! (Apart from when it comes to KAV, which has only gone up 100% since you first dissed it!)

They are obviously encouraged by what they have seen so far in order to raise the target by that much. Obviously the results will do the talking in the end. Talking of which, I can't wait for these Hillside results to come through now. So much to look forward to in Q2, with KCB drilling likely to commence as well.

I can see the share price continuing its healthy and incremental rise this year and we now have some liquidity coming in as well.

Are there problems with the audit and/or with the FCA?

Inching towards 5p. At this rate, we will be trading in the 5s next week. Gold and silver both going strong. GLA

Hi Trek - I'm in agreement with you and made my first buy two days ago with a view to scaling in here. The churn does look orderly and if this pattern continues then I will start to build. I'm NOT expecting this to drop below 10.5p, and am happy to add in the 11s. But with IPOs, you never know.

But fully expecting this to go on a run like He1 did at Tai 1. You would think that the extremely small free float (made even smaller when you consider how many will be in stickier hands) should make for some rapid acceleration when it gets going in the run up to this big Q3 drill.

And DM knows how to sell a story and build some excitement!

I think we are seeing some churn (aka flipping) and as soon as that is done, this should start to move. The reason I suspect this is that the free float is about 100 million (excluding the locked in shares). When you consider how many of these are likely to be in sticky hands, and then look at how many shares have been traded since admission (i.e. the volume/% of the free float), would you not have expected the price to have moved on this volume absent any churning/flipping?

I might be wrong of course and happy to read counter explanations...

BT sums it up perfectly in this tweet:

https://twitter.com/Share_Talk/status/1778720791460221214

Just a wind up merchant with attention seeking headlines and posts. I suggest we don't reply to him or reply under his attention grabbing threads (and I won't anymore). The funny thing is the price is going up despite his de-ramps 🤣

Thanks PP

Promising RNS from KAV today targeting 2 million ounces of gold at just one of their gold projects. Results due this quarter on the other one.

MM know the huge demand that will be coming here very shortly. Of course they want as many cheap shares as they can get. We all know what happens when OMI goes on a run. It can go parabolic.

In the meantime get ready for the 5s here. To think

we haven’t even had the big RNS yet! GLA

Gold at 2400. KAV already producing gold and mcap of a mere 12 million. Barely got going with its news flow as well. KCB selling to come as well this quarter.

Ducks are lining up here and great opportunity at only 1p.

Get them in the 4s while you can. Gold is the sector to be in right now.

Nara could be a company maker on its own and this will go parabolic if they hit the target. This is going under the radar and could turn out to be a real gem.

Hillside results coming later this quarter as well. Multibagger in the making for sure.

The risk (or strong likelihood?) of churn is the reason I've only put a small starting position into HEX with a view to scaling in the rest. I want to see how it behaves in the coming days and weeks before I commit any more.

PP - those silvers have each had a decent move up. Do you have a favourite amongst them?

Circa 14 million shares are indeed subject to a lock in, but there are millions of cheap shares that are not locked in. In terms of how many we are talking about:

1) On incorporation, the Company issued 5,500,000 new Ordinary Shares at a price of 1p.

2) On 14 December 2023, Helix completed a pre-IPO fundraising, raising £861,000 through issuing 17,220,000 new shares at 5p

3) On 11 March 2024, 10,000,000 new shares were issued to Bo S. (Doesn't say at what price, but I'm guessing less than 10p. Having said that, I imagine these will be sticky hands).

So that's over 30 million cheap shares, and it would seem that only half are locked in? All imo and dyor

That's how I'm seeing it as well Chicken. MM have tested the supply in the lower 4s, taken what's available, and that's why we have ticked up. Those of us waiting for the retrace might need to re-think now. But don't spend too much time thinking about it though, especially not on a Friday, as you could end up missing out again. GLA

Are these late reported trades (and the general lack of price movement), signs of cheaper shares being 'flipped'?