Member Info for luckyorange

One mm picked up more of the supply after the bell , been going on for some time but they will end at some point , I do wonder if it is the Abony shares that were transferred to Rhonda?
No TR1 but that is not unusual on AIM , anyone have any thoughts on it?
Looking good for a rise on the chart otherwise.

That's what it is all about Suthy , moving on and not dwelling on the past totally agree with your sentiment.

That was a spot on post Lochranzalad, all of the miners are being shorted at the moment , it will turn and it's just a matter of when.
Dare I mention GGP fantastic asset, good news and still it is being held back , shorters will get punished in the same way that those long have been punished just a matter of when not if, that is the way the market works!

The straightforward statements and talking by Ed , remind me of Cathal Friel when ORPH was on the low, In! some ways it is a share that I don't want to go up until I manage to buy some more .
He will take profit on some of the investments where he sees it but got the impression that he thinks LGP is going to the moon and he ain't selling , not so sure with SWB though , if it hits the market and goes up I think he probably will.

Money for old rope for some of these PR companies , filched from the RNS I suspect .
This should be much higher with what is going on at Garalo (they are rubbing shoulders with some big names there), we will see with the coking coal but the information regarding the next update seemed positive, good times coming hopefully.

The way they dropped the bid and offer there should be a delayed trade somewhere, once they have stopped then it goes up, damned annoying that there is no clarity though.

"I look forward to sharing results from this work programme over the coming weeks and into Q4 as we look to realise the value of the Garalo-Ntiela Project and have this reflected in the market.

Similarly, we continue to make progress in Zimbabwe and I look forward to providing updates on our commercial negotiations with regard to the Lubu Coal Project in due course."

For those that haven't had the time to look , Endeavour next door and a broadly similar find to CGO
"The Kalana Project, acquired in 2017, is located approximately 250km south of Bamako, the capital city of Mali. A positive Pre-Feasibility Study (PFS) was published in February 2021.

PFS highlights:

11-year mine life based on current reserves of 1.8Moz
Average annual production of 150koz at AISC of $901/oz
Robust economics with after-tax NPV 5% of $331m with IRR of 49% based on a $1,500/oz gold price
Please click here to view the PFS Technical Report
A DFS will now commence, with further opportunities to optimize and expand the project through exploration and engineering. The DFS is due for completion in early 2022."
https://www.endeavourmining.com/our-business/our-assets/projects
Majors / mid tier look for 2 million ounce deposits and target 200k ounce / year, it gives the project a 10 year life cycle and makes initial investment worthwhile.
Look at the facts and figures for Kalano.

and every board has a bear calling it down , wonder who that may be , call it up trade it , call it down after selling , buy back in and call it up is the mo.
I have done nothing other than state the facts relating to the company not ramping it just a copy and paste which annoys the bears so much jack .
Says a lot that having sold you are still here spreading your wisdom eh?
I am happy to wait and buy as the opportunity presents itself.

The new partner seems to be very excited about joining Leap as one of the leaders in the market, perhaps it is underestimated here?

Well ahead of where I expected pawn , " increasing potential that the Project will deliver many multiples of the original resource quantum that we originally considered when acquiring Garalo in October of last year. " A good update.

3rd June the million quid was all sorted

"To fund this expanded pre-production work programme, the Company has sourced £1M, primarily from existing investors at the current market price. The convertible is a zero-coupon instrument and has a mandatory conversion at 6p at the end of 2021, highlighting the belief of the subscribers in the inherent value Contango offers. The subsequent development to first production of Garalo is still intended to be funded via a mixture of royalties and debt as previously outlined.



"We look forward to providing further updates over the coming weeks as we receive results from the laboratory and begin our aeromagnetic and airborne geophysics programme, as well as additional drilling."

I don't know whether the Chinese will pee about on the coking coal but they did give good advice on the mining of it, however the gold resource is X3 bigger than first anticipated so worst case scenario no offtake for the coking coal then the gold more than covers it.

Precisely , it won't, but some just look at a headline and lump everything in the same basket.

Without going in to it too deeply it is all about the Zulu's but here a guy with a video which well tell you far more in depth than any news outlet. Problems are some distance from Lubu and unlikely to impact CGO , sorting the Chinese offtakers out is probably more stressful.
Swearing in it and a long one https://www.youtube.com/watch?v=vkU5OC2D0Hc

Always the potential for problems on the periphery in Mali, so many big miners in a cluster and would guess they are well protected.

Would be surprised if they did considering the no interest CLN at 6p from one of the main shareholders to take the gold interest forward . Lots going on in South Africa with the Jacob Zuma riots but shouldn't have an impact although that type of thing always does .
Horrible market at the moment and a lot selling on the lows.

I dunno troll , I thought that his sell on Portage was smart considering that he wasn't informed or invited to participate on the fundraise.
I had the impression that he had put an order in bigger than the amount they sold when he spoke about it in the interview.
The focus on making money short , medium and long term .
I am convinced that he will do what he has said he will do , his reputation depends upon it but he has a lot of information that we don't so I suspect that he can speak with confidence.

and that is what it is all about. Glad they lumped a few together , one at a time could have been painful and fed the bears.

Always amazed when those little drills intersect gold and very interested in the Bailieston assays after Adams comments on it , it will show what the man is made of .
Good post Donold , if you can't be positive about the share you are in there is no point in being in it, best not to mention other shares though in whatever context.

Good question why 4?
Adam as a Director so a dual role there.
Rod , no idea but he has been consulting geo for a few years.
Core shed to do the daily grind whilst the cores are coming in and field to collect and analyse soil samples for the next drill spots , probably apply for drilling permits ?
Extra busy needs extra support maybe but like a a valid point and wonder if it will reduce as work load reduces, one was a novice learning on the job .

Everything has an impact jack , CEO's are required to read these boards sadly for them I would be surprised if some of the things said doesn't upset them in some way .
The pressure for an RNS a week may be self imposed but isn't necessary unless demanded by the Nomad, quality over quantity every time for me and it may be a few months until the RNS that will please most will turn up or two weeks time , nobody knows!

Hard to find a relevant one with the name change https://twitter.com/luckyorange1812/status/1416331980766130177 . It was worthy of a Zak retweet, may be to do with the interview but he sat there very quietly and took it all in . Thing is about the NAV that there is nothing forward looking in it, the LEAP ipo may surprise after listening to the interview and Ed's comments.