Member Info for lptuf93

A bag from here isn't even fair value when you weigh up all the assets this co. has!

You've blown past my holding in a few hours!

Interestingly, one of our 2 new big investors Remy has now become FD at ARCM. Clearly the guy is very knowledgeable to get a position like that. I think true value will be realised in the run up to Xmas. I've been here now since last Sept and whilst I expected us to be a lot higher, all the pieces having slowly been falling into the right places. Should hear more and be out of the 0.3/0.4s for good soon.

Good update, still big news from Boto & an operational front to come. This news was somewhat unexpected. Also hints at other assets being evaluated/monetized (TSR stake?)

Two large shareholders in ARCM are now in ORR too. These guys know what they're doing so am very confident here.

Compare what's coming to other miners that have recently multibagged (CORA, XTR, VAST, PREM, EUA etc). Won't be long before there's interest here too.

My opinion is biased but I believe this one is a sleeping tiger. One to accumulate.

Took advantage of that early morning sell at 0.29 to top up at 0.31. Time will tell whether that was a wise move or not.

I know it was mentioned at the end of the half year report that equipment was unlikely to be delivered by the end of Sept but I'm surprised that we haven't had an update yet as to what the new plan is. Company should say something.

By improve on APEC, I assume you mean partner with a more reliable, well-recognised O&G outfit? I very much doubt we'd get better terms seeing as APEC were the best offer we had back then and now other companies know we are despserate. As for the gov, although they aren't curtailing current licenses they're essentially saying we're closed for business to certain new O&G projects. Why would that make anyone more likely to farm-in as it shows at the very least the current gov are not pro-O&G?

For what it's worth, I still have a small stake still (foolishly thought APEC may come up with a blinder & still believe in barryroe) but am not confident on getting another deal anytime soon.

Selling out for 1 bag is a great result regardless of your outlook on investments. If you're making a bag, well done. Hopefully I'll be selling out at 1.5p.

Absolutely. The acreage we have just picked up is honestly phenomenal. Not sure if people were aware but Chesser Resources on ASX reported high grade gold results on their license which is just east of Fare (https://hotcopper.com.au/threads/ann-high-grade-gold-discovery-confirmed-at-diamba-sud.4925500/). It sounds very obvious but you've got a big player like IAG farming in, doing all the drilling. It's (Boto) one of their advanced projects and they took the decision to NOT to pursue one of their other advanced projects (Cote) even though they've signed a prepay to deliver gold in 2022 for $170million. It's clear they need to add more production and with the resource they're proving up at Madina Bafe, its clear Boto will get more and more economic (longer mine life etc.). That area around Madina Bafe already has 40m+ oz of gold! Boto mining license will be huge and is expected H2 2019, so anytime really.

Then there's Cameroon.

Under the radar but gold.

If they can find the customers. Morocco could be monsterous, just need to find a couple more buyers.

Orr going about its business. This one will reward us and with these licenses there's no imminent funding issues. I expect the SP to be materially higher by the time we will need to raise funds for the new acreage. Also, you can be guaranteed that this licenses were the most prospective from all on offer so should consider this a coup.

That's also true. I think the recent positive phase 3 trial from AZN will bring some confidence back to the lupus space so hopefully others will be more willing to get involved in what is a hard market to get a product to.

They also have the $10mill facility for Morocco if they need it so more cashflow that won't be needed to SD startup in Q1 2020 and beyond can be used towards next SD campaign.

Also, did they ever say what the plans were for the lower, bigger zone the hit in LMS-1? (I think?)

In July, they mentioned the need for another phase 3 trial and how they would NOT be funding it themselves so I'm hoping they've been talking to potential partners to get Lupuzor closer to the finish line.

With the way the spread is, I find it hard to tell where the buys and sells are as the ask changes so quickly. Anyway, it's good to see decent volume. Need multiple 1mill+ days to burn through churn. There's been over 3x placing volume since the raise so all looks good. Just need that all important news.

Do you think they're holding back with PR until SD is online? Maybe make everyone aware this management can deliver on timelines and production targets?

of 35p is a complete joke. They have literally no idea of whats going on at SDX to shoot that low.