Member Info for Legalwolf

I think this is pretty much as good as it gets now until the next RNS. The two big unknowns are what final results they are going to report (as there was important missing information in the recent RNS), and of course what they are going to do about their cash position, as the previous update around this suggested they would be spending all their budget (minus 3 months working capital) on this drill. It is possible, likely even, that the drill worked out cheaper than envisaged, because there were no hiccups/delays this time round. So that might give them working capital for much longer. Beyond that, will they bring in a partner, or come back to the market to raise for Tai basement or appraisal at Itumbula? Or, as other juniors have done (e.g. Bres, POW), bring in some strategic institutional investment at a premium? Apparently Noble had a lot of interest before they decided to go it alone.

It is totally understandable that there will be profit taking (or de-risking) as we come into the uncertainty of final results and/or the cash situation. Plus after mammoth move up in a very short period of time, a breather is no bad thing for the share price. But overall, I think if the final results land first, and are as positive as the initial results, then you can expect another big move up, regardless of any ? re the cash position. But let's see what happens. All imo and GLA

The RNS is clear that they are on track for end of Q1 for Loukos. That, and the immanency of the Energen approval, gives you some strong near term fundamentals. On the technicals, it's been trading near its lows and the floor is in imho, especially with the fundamental news that is coming up. Overall, really good risk to reward proposition for what's on offer. But let's see. GLA

KR - they haven't given a definite timescale for assay results, but I would think end of March. In this most recent interview, BT has talked about "the imminent cash flow generation opportunity" coming up at Nara, from processing the dumps there, where again results are expected. There's also the mine redevelopment being completed by Pambili, in which KAV have taken a strategic stake. You can see the work being done at the mine on the twitter. Most recent update is below:

https://www.youtube.com/watch?v=6yiqyJrT3S4

Put your winnings into KAV. It looks primed - got quoted 1.3p for £25k, which is almost double the current share price. Not much stock at these levels, it's been quietly accumulated, with occasional de-rampers turning up to help the accumulation.

Clearly Bres won't be coming to the market for cash. It looks like these strategic investors will fund Bres through the completion of the DFS, and then it will be over to project financers to do the rest.

I think it's as likely to test the current gap support at 2p as it is to retest the gap fill higher up. I think the likelihood is that the market will now wait and want to see how the company plans to move forward, including its cash position. The selling today has been on high volume. All imo and dyor

I think Chariot just need to execute on their plans in Morocco, which they are doing. With the newsflow and major events that they have coming up in 2024, buying at these 2 year lows is as close to very high probability (I was going to write "guaranteed") upside as you are likely to get imho. A lot of sellers will have been cleared during this prolonged move down as well, which should make for a stronger run back up when it begins. I don't think it will be trading down here for much longer, especially as we get very close to news landing on the Energen deal and drilling dates at Loukos.

If the drilling goes well, then its hard to see Chariot returning to these levels. After that you have the main event, which is the drilling at Anchois. This is just on the gas side of the business. A bit more patience needed imho.

The herd will arrive when its ready.

4.5p to be the new floor after this investor raise I suspect?

It will be interesting to see who the strategic investor is. A very large stake in OC for £2.5million! The Prospectus will give an up to date list of the large shareholders here. With so much stock in sticky hands, it's a surprise this has remained as low as it has. Maybe it's in the boring phase of the Lassonde Curve and the newsflow isn't exciting enough right now for the market.

Yes, nice to see some decent buys coming in. It won't take much buying for this to move up as most of the stock is tightly held and there isn't much liquidity at these lower levels. BT has certainly been talking up what they have seen so far with the drill cores at Zim, and also the prospects of early revenue, so let's hope the results back it up, when they eventually land. All imo and GLA

I couldn't buy on the close either!

JP the KCB licences have been acquired for £1.3k, of which £750k has been paid, and the remaining £500k will be paid within 6 months is my understanding. So they will have plenty in the tank for 2024 and there is also the possibility of revenue from Nara.

A close around 3.3p will set us up nicely to attack the next gap up to 4.5p.

Doing very well RJ - thanks for asking 😎 Trust you are doing well yourself!

Talking about "World Class Helium province" and hitting the "sweet spot". She's absolutely beaming!

3.7p incoming today?

Moving before US opens! First gap fill is done and will be the new floor!

MM won't want to miss out on all the trading volume that a rise through the gaps will give them!

Gap fill at 2.8p and 4.4p. Knocking very loudly at the door of the first one, and you would think it will be taken out very shortly.

A LOT of selling cleared this morning, should now be primed for a move up and filling of this gap. That sets it up nicely for the rest of the week!