Member Info for Legalwolf

Don't we already know who the seller is from the recent TR1? They were still holding a lot of shares at a the point of that notification, and so it would be no surprise if they are still selling out. Still leaves the question of why, which only they will know for sure.

The trend is positive and if anyone is winning, its the bulls. If you look closely at the chart, price is making a decent move up on high volume, and then retracing/consolidating that move up but on much lower volume (which includes profit taking, MM shaking out weaker hands, etc). So long as it continues to make this pattern of higher highs and high lows, the bulls have it.

I think the next move up will close the gap and take OMI into the 6s. Will this next move happen of itself, perhaps triggered by a green candle, or ISA money coming in, or will it need the confirmation RNS to land? Either way, it looks almost like an inevitability when you consider the chart, the newsflow to come against strong sector sentiment and the relatively small free float.

Just need to hold and/or add during these more quieter dips imho, especially when the price is still so cheap for what's highly likely to be on offer here for the rest of 2024. It's the best way of catching a multi bagger. For those who bought in the 2s, they have already one bagged. For those buying in the 3s, they will also one bag on the next move up. If you wait too long to buy, or sell too early, then your gains down the road will be much less. Gotta have a strategy which gives you the best chance of making the best returns. All imo and GLA

8 month drilling programme coming up at the KCB. Surely, they will find something!

What has happened to that Ginger Hippo fella - he was one of the chief rampers on here and always used to accuse me of de-ramping this dog, whenever I tried to warn about this share. I think he was the biggest comedian for me.

I think in and amongst all the rampy stuff which you get from ALL junior explorers, KAV/BT did often say that the KSZ was higher risk exploration for them. But they were also consistent that the KCB represented their highest probability project in terms of a discovery. Obviously this has now changed with Zim being lower hanging fruit, but the KCB still represents the most likely project to yield a discovery in Botswana, and the chances of making one have likely increased with DC leading the exploration.

Clearly this is shaping up to be a key 3 - 6 months coming up here for KAV. Let's hope their confidence in both gold and copper is vindicated by some early exceptional results.

Some of the juniors are also going up - OMI is an example of this and the ones that go early are often the leaders of the pack. Expect the 4s to go this week. Get them whilst you can. GLA

This is only going one way and that is up. The volume on the moves up is stronger than one the dips. It is currently as cheap as chips so there will be a lot of buying demand at these levels. The small free float means that each level will be bought up within a few sessions. First the 2s went, then the 3s and now the 4s will go as well.

All this before the big news lands as well. Get in before ISA money lands next week. All imo and GLA

Can’t imagine the Prospectus will be a problem as they are fairly routine. There are other companies that have had a similar delay and when Bres said February I did think even then that was quick. Still cheap entry/opportunity if you still believe this is the year for Bres.

I don’t mind the timescale slipping especially if the reason for that is they are doing this prep work which increases the chances and confidence of a successful campaign. They are being led by DC who is the regional expert.

What’s more is that it makes for a rich period of newsflow as we should be hearing about Zim as well.

Same pattern as before and will now head back up. Most of us know this is going to shoot up on Anza confirmation and then Pepas drill results. So it makes sense to just load up at these bargain basement prices and hold for the above period when the big returns will be made.

It’s not a large free float and so expect a few tree shakes along the way. If you are still accumulating then buy into the dips, especially the larger ones, as it won’t take long for these dips to be absorbed and for the share price to push on.

Last chance to get in sub 1p for gold and copper discoveries to be made this year - hopefully. GLA

Took some more on the bell. Seemed rude not to. There will soon come a time when we will be saying sub 10p is cheap for these. GLA

KAV are confident the upcoming drilling is going to deliver. Fantastic news.

I don’t think this run is going to be about mcap. Anza is going to take years of drilling etc to establish its vale. I think the trend (ie share price) in 2024 is going to be driven more by strength of the gold sector, FOMO and exuberance. If OMI gets to previous highs, that will be driven by this herd mentality rather than more rational assessment of the fundamentals.

The big question is what heights will it reach in 2024 and driven by this exuberance?

Crusty - it's not impossible that they might hire out the Rig, but I personally just don't think it will happen before Q3.

The cash they had as at 31 December 2023 was pretty much all spent on drilling Itumbula. The cash they have presently is what was raised at the recent placing. If it's enough to cover them to Sept 2024, and also to pay for the EWT, then He1 would come out and say they are fully funded and have no plans to raise. They haven't said that. I've been in and around He1 long enough to know that this means they will raise prior to the EWT. I'm not going to have my holding chopped away by whatever sized discount the broker will give away to its clients this time round.

But at the end of the day, it's for each of us to make our own judgement call on this. If you don't think there will be a raise, then fair enough.

He1 knows better than most companies what impact the fear of a raise can have on the share price. They have been around the block a few times now. Therefore, if they have no plans to raise before the EWT, they would just say so. A raise is inevitable and the only question is at what discount. If previous raises are anything to go by, then the discount will be significant, especially if a large amount of funding will be needed.

I doubt very much the Rig is going to generate any funds in Q2, such that those monies can go towards the costs of the EWT in Q3. I think if anyone was planning a drilling campaign in Q2 and wanted to use the Rig, we would likely have heard about that by now. Also, with the issues that He1 have had with this Rig, would they even want to risk hiring it out to a third party at this stage. Do they even have all the ancillaries that a Rig contractor needs. It's one thing not having these when your drilling your own project and having to order them in, but quite another if it's a third party who you have contracted the Rig to. Not sure He1 are quite ready for that myself.

Overall, I remain of the view that the best time to re enter here is after they have the finances sorted out for the EWT. Until the risk of a raise is gone, it's hard to see the share price going on a sustained run in the interim period. If they are going to raise, then hopefully they will get it done sooner rather than later, because the lower the share price falls, the more painful the eventual placing. All imo and dyor

Yes, you can definitely see this going into double figures in the coming weeks. I imagine the comms will be stepped up during this period and the herd will arrive, especially if POG continues to make new ATH.

Now's not the time to delve once again into the mishaps of the past. They have been discussed exhaustively on here and happen all of the time on AIM. Go on the bb for other juniors and you will read similar laments about their BOD. On AIM, you have to spot the opportunity and take it when the going is good. Right now, the going is very good. There might come a time, once again, when it is not good. So you just have to decide whether you are going to swing trade the highs and lows, or stick with the stock through its ups and downs. If the latter, then you have to accept the trials and tribulations that will come with that strategy, as there will be LOTS of them regardless of which junior. In fact, how many have invested in a junior where it has all gone smoothly, and every decision of the BOD has been well received? I can't think of one.

BG has pulled off a blinder here in that he's secured 100% ownership and control of a potentially world class gold project that has had £30 million spent on it. He has done this for zero upfront consideration. And everyone now has the opportunity to make some serious cash again. Ironically, this opportunity would NOT have presented itself had everything gone smoothly with MMA.

So don't get distracted by noise about the past, and focus on the opportunity ahead of you in these coming weeks. All imo and GLA

Thanks Tiger - all noted and I will take a closer look at GMET over the weekend.