Member Info for Legalwolf

More likely to be warrants? We know there are very large warrant holders (including brokers), that warrants are in the money and we have had RNS to confirm they are being exercised.

Relax folks - we have £15 million of 'drill baby drill' coming up across four potentially billion dollar projects. Some consolidations are to be expected and this one is no different to what we have had to endure before already. October is the seasonally weakest month of the year, and we haven't done too badly out of it so far. Let's see where we are in a few weeks' time!

If you are able to add, then this is your opportunity.

These TR are good areas for filtering out the very short traders from the longer term holders - not that there is anything wrong with either approach. But I suspect we might well lose some contributors from this BB, and gain some new ones, as folk trade in or out during this more boring phase of the price action.

For those with a genuine longer term view, it's more a case of seeing where the share price is over a period of X number of quarters (and beyond). We are at the very start of the £15 million plan of action, not the end. LTH will be here regardless of what the share price does right now, whether it drops a few pence or starts to rise back to the top of the TR.

We have some mouthwatering targets to drill baby drill, and I intend to wait around until they are drilled!

Both very good shares ID78 - i'd hold onto both if you have low entry points in them, and let them run.

I agree with Mrdigit - just trading range stuff going on. Will bounce back up at some point!

That’s true re seller and suspect it’s the warrants being cashed in. But on the flip side stock is being taken up showing strong buying demand as well. Each small dip is being bought into so far. I am expecting the brakes to come off above 9p.

Great news re World Bank investment into Uganda. With the commodity ‘arms’ race, think more African countries will see money coming in.

Only slight issue I had with the RNS was the bland headline. Didn’t do its contents justice and need to be a bit more eye catching.

Some fantastic drilling results and quietly starting to move towards the top of a multi year base. Breakout if it comes could be big!

Some decent buys coming in the lower 7s. I took some more even though I thought I was finished buying here, as I figured that there isn’t much else right now out there that will give you a better return on your money over the coming weeks and months that is still trading significantly below its value.

So might as well go in here.

ORR is a dog compared to OMI. It’s like comparing a dingy takeaway with a Michelin star restaurant and drawing erroneous conclusions from a false comparison.

Exceptional drilling results. This sleeping giant looks like it is about to stir into life finally. Multi year base breakout as well.

You certainly have. But time to get even deeper!

WOW - simply amazing results. Just look at those high grades at surface. What a monster of a project this is going to be.

Should be one heck of an uplift in the JORC and DFS based on this.

Smashing it out of the park? These results certainly have!

Based on MR's repeated comments that BRES will be worth 15-20% of its NPV, it gives you an idea of what they will be looking for in any sale scenario. This is multibagging gains from these levels, even with the current NPV of $480 million, let alone $700 million or however much they increase it to in the DFS. Also interesting to hear the sequence of newsflow that is going to land, starting in "days", with drilling results, JORC upgrade, DFS and more drilling results. It should be non stop for the next couple of months. Can see a big rise coming here as we continue to climb this trading range.

There is definitely a large buyer at work, maybe more than one, judging by the trades going through. Their buying has maybe been masked by the large selling, inc warrants.

Now what's intriguing is that MR has confirmed that BRES have been "batting away offers" as they know the value will go up after the DFS. Now what do these buyers do? Do they each and all just accept this and wait for the DFS, which will not only drive up the price but will also undoubtedly draw more attention and potential buyers, or might they decide to start accumulating now?

That's just on the technicals - any change in the fundamentals and you have to revise even these targets!

No asset can just keep going up and nor is that really healthy. A pullback in gold is due and to be welcomed. It simply can't just keep going up in the way it has done in recent weeks. That's crazy and is like expecting a 100m runner to run at that speed over 1000m. Not sustainable!

Whatever happens, gold is going to remain at an elevated price even after any pullback or correction, and it will then continue to go up in the months and years to come. When the likes of Goldman Sachs say $5000 in 2026, they will of course be expecting some pullbacks along the way!

What we are witnessing is clearly weakness in the markets. October is traditionally the worst month of the year, and this seems to be playing out again this year. In that context, we are not doing too bad, and remain up on the month, and are clearing a hell of a lot of supply at this key resistance level of 28p.

Good news is that the November to January period is the strongest part of the year!

There is weakness in the markets right now, so not too shabby in that context. I guess this weakness is just the seasonal October effect?

If we can continue this steady climb and get into the 10s, I do think the brakes will come off at that point and this will move quicker in double digits than it has during the current climb in single digits. Simple reason for this is that there is no overhead resistance, and I would expect FOMO to really set in when there are no ceilings in the way!

Overall - happy with the way things are going in that we are moving towards the top of this multiyear base meaning that the big breakout into double digits is very much in play here! All imo and GLA

BG said drilling at El P was days away. So I would imagine that we will get an update on El P as well, to confirm that drilling has commenced and details of the programme etc. Whether we get some additional holes from PEPAS, possibly!

Just checking in to see how this dog is doing. Still no permit? Has the EMP come back with queries again? If not, what is the delay now down to?