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Think you might have been just in time Predator. Looking at the chart, it wouldn't surprise me if this makes another move towards 5p as early as tomorrow. Lots of us are waiting for a retrace, which might not happen!!! GLA

Whimax - I also suspect that Covalis are now completely out. However, can they be the only ones, because according to their recent TR1, they only had 1.68% left (as at 21 March 2024). Have we not had a LOT more than 1.68% sold out since then and especially in recent days?

MM now willing to take £10k at 4.3 (which previously was around the Ask) whereas buying that amount is now 4.8p. It shows that these sub 4.5p shares are being accumulated and supply of them is drying up. IF this type of accumulation continues, it will soon be shares in the mid 4s that get accumulated next. There is every chance we could be in the 5s BEFORE the RNS lands. When you consider how much money is likely to be on the side lines is waiting for the RNS to land, who knows what price this could end up at following the RNS? All before any drilling as well. All imo and dyor

Buy on pessimism...

Share price actually went from 2p to a high of 5.6p. The AIM market has not been at its best, so a move of that nature is as good as it gets for a pre-announcement of this type, especially with placing overhang. OMI have been negotiating this deal with with MMA for a year or so, and the parties have signed a LOI. I don't think BG would risk his credibility by pre-announcing it he wasn't pretty certain of the deal being signed. Nor would they be planning a drilling campaign at the same time. He's also tweeting away like the cat about to get the cream, which he wouldn't be doing if things were not progressing well in the background.

As for timescale? Well April is ambitious, which BG did himself say. So realistically it might well run into May!

For LTH, lots of pain, but self-inflicted if you are going to hug and hold an AIM junior explorer for such a long time, which is rarely a winning strategy in the majority of them. But for newbies and those able to average down, this is a really great opportunity to build a cheap as chips position for a multibagger opportunity in the making, and so any drops represent a buying opportunity.

But on pessimism as they say.... All imo and GLA

I think most are waiting for He1 to get the placing out of the way. It will be interesting because both HEX and HE1 will be drilling and testing in Q3, and it will be interesting to see which ones fares better. HEX is fully funded and has a tiny float compared to the billions of shares in issue with HE1, which will increase by X more billions after the next fund raise.

So I suspect HEX might be the better bet to make a bigger move?

CHAR is drilling in Q2 and Q3. Should finally be ready to breakout and some massive trades are going through right now (£3 million, £1 million, £750k, £500k, £300k etc) suggesting the selling in recent months is done and shares going into stickier hands. One to watch for sure....

I think 30p is a realistic target on this news.

"And we are -5% reflect the mood that no one is taking these them seriously...!"

Err... what was the share trading at before the recent news?

Hi BCB - we have lots to look forward to here in Q2 and Q3, in terms of KCB drilling (under the stewardship of Dave Cattrell) AND we should now also be getting some assay results during this period following today's RNS.

I think the next RNS will take us to 1p. GLA

Also have BRES, but it's a real snail and not expecting it to do much until H2 of 2024, so maybe plenty of time to get into it, which is why I reduced my holding a while back, with a view to adding more when it does finally move from its current trading range. It's fully financed and moving through DFS and getting close to offtake. If all goes to plan, it should (multi) bag in the next 18 months, but then folk have been saying this about Bres for like 2 years or so!!!

Hi folks - all good I hope. My current near term bets are as follows:

OMI - expecting a big RNS to land at end of this month re Anza, which is a world class gold project. Relatively small free float and so when it moves, it moves. Last few "weeks" to get in cheap.

CHAR - have just confirmed their JV with FTSE 250 company Energean. Will be doing back to back drilling now on their onshore and offshore gas projects in Q2 and Q3, and they are huge projects. Almost guaranteed upside from these levels and it could breakout from sub 10p tomorrow (after clearing 7% sellers).

HEX - small position at the moment, because its a new IPO and you never know if and how many pre IPO shares will be flipped. But it will be a really good story stock for the summer, and we all know that Minchin knows how to sell a story. Fully financed at the moment, so no talk of a placing from me!

EMH - I know very little about it, but it's making a high volume move on today's RNS, and so I've gone in for a quick kill albeit with a very small trade. (The last time I did this was PREM a few weeks back and it didn't work!!!)

KAV - I've been in this for a few months now (and almost bagged). Lots of newsflow to come on gold and copper, so I think it will continue to move up incrementally.

What are you guys feeling right now in terms of Q2/Q3?

I doubt the GH project will get over the line even in their lifetime.

"While we continue the Anza transaction...." that's the key line from today's tweets, suggesting that things are progressing as planned. There are signs that some of the junior goldies on AIM are stirring into life again after being lacklustre for several months. I think this is consolidating reasonably well after a 100% rise and just needs the confirmation RNS to land, which you would think will result in high volume buying again. Imagine if the RNS lands with gold going towards $2500 which is entirely possible.

If the largest of the selling is now pretty much done (based on yesterday's reported trades), then I wonder if we might now be gearing up for one of those Char Friday specials. Certainly a huge amount of newsflow coming up here for sure and sub 10p looking like a steal again. GLA

Thanks Whimax - understood. (I just got wondering about all this given given Char's recently announced "strategic review" to potentially separate Transitional Power and Transitional Gas. Any separation or disposal would also better facilitate a TO of the TG side of the business.)

On a related but separate matter, if Energean do go ahead with a second drill in Q3, which prospect will be drilled?

Could Energean be the buyer?

The question was not asked because these interviews are scripted. If they were fully funded for this next programme of works, then you can bet your bottom dollar that the interview would have elicited this response from them. However, they didn't want to cover the finances, because they got slaughtered last time for pre-announcing the fund raise. They are not going to make the same mistake again. The placing will land when the broker has sourced all the money for it. It will have to be a sizeable discount again because of the size of the likely raise. This whiff of a placing is the reason this RNS and interview got a muted response. Best to wait and let them sort out the funding. All imo and dyor

What does the time print for these large and late reported trades actually signify. Is it the time when the order was completed?

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