Member Info for Legalwolf

Just checkout the illustrious list of companies we are amongst:

https://www.precioussummit.com/events/2025-precious-metals-summit-beaver-creek/#tab-Companies

I also wouldn't look beyond the goldies esp with POG breaking to the upside. IMHO, three of the hottest right now are OMI, WSBN and FDR, both in terms of operational activity and technicals.

OMI is about to breakout from a long consolidation - some serious insti money has been going into the stock. Ongoing drilling with guaranteed world class drilling results as demonstrated again recently by https://x.com/MinerDeck/status/1961421044637409396?t=iQDeOyfwJ7UxzGX-leuWTg&s=19

As for WSBN, currently more speculative but very much has the herd behind it. It should make another move up after the placing has been churned through, which means a good entry level right now.

FDR is almost like a mirror of WSBN - about to drill this Havieron like bullseye target. Should rise into drilling like an O&G play, and then maybe bail out before results? Not much of a free float either.

I think OMI shoots towards 20p on the breakout, WSBN will retest 2p, and FDR could even hit 20p before results. I would argue that OMI is the least riskiest and better longer term play as it has multiple projects, but the others are probably more shorter term plays. WSBN probably edges FDR as it currently has the attention of the herd.

There might well be other goldies out there (ECR, ORR, etc) but i've not been following them, as three in one sector is enough.

"The DFS will not be completed until the end of the year."

Firstly, you still haven't explained why you say this when all DFS workstreams have been completed. Secondly, even if you manage to explain that, can you explain why it matters that the DFS won't be completed until December?

Has anyone checked the AFR to see if the £3 million was indeed invested into GEX by the Directors i.e. were those monies actually received?

So the offtaker that is going to pay GEX's costs is not an established company, but a newly listed company in April 2025? The other so called offtaker wasn't even named.

What kind of RNS are these? IMHO, the kind that trap some more gullibles into buying above 5p to get the placing away. How many more gullibles are left for the guillotine though? Certainly not enough to buy all those placing shares that are going to land next week.

5p is now going to be the new resistance level. With all the nonsense that has gone on here, you would expect the share price to undercut the placing price next week, and probably undercut the all time low of 4p. Let's see what happens and how much more pain and delay there is to endure here. All imo and dyor

"DFS completion is still months and months away, i put this at end of year, maybe early next year."

If this is your first reason, then it's a very poor one. It has been confirmed that All DFS workstreams have now been COMPLETED. Such that the normally reticent MR has gone from saying "I don't want to give a timecale for DFS" to "it will be done well within Q4". The JORC resource that feeds into the DFS is not going to include things like the Beehive results. All the assays on which the JORC/DFS is based were submitted months ago, and they are expected to start coming through "imminently" or "shortly". Hence what reason is there for now fearing that the DFS isn't going to land within the next 4 months?

I would say there's a very slim chance of delay now. But even if there is, it's not like waiting for a licence approval where the delay might stretch into months. At worst, the DFS might creep into January [to be clear, I don't think it will], but even if it does, so what?

Apologies if this has already been answered, but what's the realistically expected timeframe for assays results coming through?

Agree with below posts. IMHO - there are two reasons why we are not already much higher (and probably in this order):

The first is "Institutional participation". Now this is counter intuitive, in that you would think having instis buying into the stock en masse would accelerate movement. It does, and we have seen this already. However, institutions won't let the stock go up too much until they have finished accumulating. Now whilst the earlier institutions such as Dynamic might be done with their accumulation (and will have averaged in below 10p), we have to remember that our newest institutions have only entered recently and at 10.3p. Some or all of these new comers will still be accumulating. They will want to average in at the best price possible, which means holding the price as much as they can until they are finished buying. Now, it will be the same for any institutions that enter in September as a result of Beaver Creek. They will have to average in at 15p to 20p. Then any that enter after this will have to average in at higher levels, and so on and so forth. All of this accumulation will impact on speed of share price movement. The handbrake only comes off when the large players are done buying.

The second reason is "warrants". These are fast reducing and we had about 15 million left in July. We will have to see how many are left now and are due an update. Once this large source of supply dries up, it will of course release the handbrake as well. I would imagine that some instis are taking up these warrants through brokers acting as intermediaries - in much the same way as Newmonts shares were acquired by them recently.

In conclusion: anything sub 20p is merely the "Accumulation Zone" - it is NOT the "Profit Zone". In fact, the Accumulation Zone might stretch all the way to even 45p, depending on how much insitutional accumulation takes place over the coming period. This will depend on number of instis coming in and size of the positions they each wish to take. Of course, it will also depend on exploration results. The Profit Zone will be multiples of whatever the Accumulation Zone ends up being. Far too early to predict this, but we will have a better idea by December.

So, this is NOT a short term hold, but one in which you want to pile into now below 20p, and then "hold for gold". I started 2025 with the strong belief that I would be holding this throughout the year "no matter what". I have stuck to that. But the way 2025 has gone has vindicated this belief. So much so, that I am now developing the equally strong belief that I will likely be holding this through 2026 as well. All imo and dyor

We have the higher lows, just need that higher high to form and then we can breakout of this coiling pattern. Nicely setup now for next week.

Biggest factor next week will be price of gold breaking out. This (and OMI) will make the biggest gains from any such move imho.

No, but can I be the first to suggest it's "FOMO FOUR MONTHS" coming up here?

Bid going up into close - should rally strongly again next week with all the sellers now mostly out.

Gold breaking out - hard to see why WSBN won't follow!

The only thing dropping next week will be those placing shares and with them the share price!

About to breakout of this multi month consolidation, which consoliation looks very much like an inverse Head & Shoulders - a very bullish pattern. The next leg up should have us into the 20s. The next 4 months are each and all going to be the most exciting we will have had since OMI resumed 100% control over Anza. With gold breaking out as well, it's going to be edge of our seats time. We said at the start of 2025 that is was key to see this through to year end (and beyond). Well done to all those who listened and ignored the trolls and gurus.

YOUR time is NOW here. Strap up and enjoy the wild ride. GLA

Anyone think we might be getting news on Monday? Can't think what, but then you never know.

Yes, next week you will be able to buy them much cheaper. So something to look forward to indeed!

Bid going up - not surprising given the large buying. Don't give them away cheaply folks. They will be worth a lot more in a few months.

JY - large buying ON any actual breakout does indeed validate the analysis, but on some breakouts, the large volume comes AFTER the initial breakout. Then you have false breakouts and breakout retests. So it's never really straightforward, which is why the background action leading up to the breakout point is probably more instructive than the actual breakout itself. Bres's chart is just one large multi year consolidation, with some decent swings/moves in it. Will this be the time it actually starts a multi quarter trend?

It's now or never really.

The share price is flat and buying volume is simply not there. Once the placing shares land next week, if they are sold, then its back towards 4p.