Member Info for Magnatek

Maybe 0.07 by the end of the week?

@Cybertron

How they going to be dilluted? They just got their shares from their office printer.

They cannot print shares today due to legal headroom blocks, but do not fool yourself: once these rock chip numbers come back or drag out, an EGM circular will land to clear room for a massive broker placement. Sell the news before the retail herd wakes up to the empty treasury.

We are dealing with an absolute monster share anchor of 5.86 billion shares in issue. At 0.135p, the market cap is valued at nearly £8.0m for a company that hasn't drilled a single hole at Gorge, has failed to secure a partner for Namibia in over two years, and has its previous site at Juno sitting on total ice.

Throwing in a "copper-rich gossan" at the Central Zone is a textbook junior exploration tactic. When the gold narrative doesn't have immediate drill data to hold it up, you throw in extra commodities to keep the forum rampers posting.

Seeing a speck of gold through a hand lens on a historical mining dump isn't a modern discovery—it is exactly why miners dug there 140 years ago! An eye-ball observation is completely meaningless for a commercial asset. Where are the actual laboratory grades? There are none. They just shipped 35 rock chips to a lab, and it will take weeks to get the real numbers back.

EthiopiaPrice per MWh: ~$5.00Price per kWh: $0.005Primary Driver: Abundant, cheap hydro power from major national river systems.

OmanPrice per MWh: ~$25.00Price per kWh: $0.025Primary Driver: Readily available domestic natural gas extraction.

ZimbabwePrice per MWh: ~$31.00Price per kWh: $0.031Primary Driver: State-enforced flat consumer pricing.

KuwaitPrice per MWh: ~$33.00Price per kWh: $0.033Primary Driver: Massive wealth generated from oil reserves completely covering production costs.

Iceland - It offers the lowest household and industrial rates in the north region.Wholesale Price: ~€15 to €25 /MWh ($16 – $27)

Norway is heavily split into pricing zones (NO1 to NO5). The northern regions (NO4) routinely see near-zero wholesale costs, whereas southern zones connected to mainland Europe run higher.Wholesale Price: ~€8 to €72 /MWh ($9 – $78), averaging €39.70 region-wide.

Finland experiences highly volatile wholesale pricing depending entirely on wind speeds and the operational capacity of the Olkiluoto 3 nuclear plant.Wholesale Price: ~€45 to €60 /MWh ($48 – $65)

I bet is full of gold.The problem is ,how they going to dig it out? 🤣🤣🤣

Ok.We got this.They found "potentially gold".What now? Are they going to shovel dug it? There is 1 penny left in the bank.

@TRYYOURBEST you old dog. Let them be...

What about Juno?

Classic retail distraction. Of course management claims Juno is active in the April update—they legally can't admit it's a total failure without taking a massive impairment charge on the balance sheet.

Look at where the money is actually going right now: May 6th, June 2nd, June 4th, and yesterday’s RNS. Every single penny of operational cash is being poured into Gorge (airborne surveys, mapping MAG001, soil geochem). Why? Because they know Juno Phase 1 failed to deliver the goods.

They can talk about 'Phase 2' all they want, but until they raise millions more to pay for another deep diamond drill rig, Juno is effectively sitting on ice while they pump the fresh narrative at Gorge.

Amazing discovery.Now what? We need to get some shovel and help them digging out.I bet that they don't have a penny left in the Bank.

#Sheephatch

Go get the shovel and help them digging.They became pathetic.Showing us those holes.

They digging manually,like 1882 :)))

I am talking about company and you posting about me. You embarrassing yourself.

You are pathetic.

Gorge:The June 2nd and June 4th RNS updates show efficient field management from Tom Harris. But remember the baseline truth: an airborne magnetic sweep and an "orientation" soil survey are early-stage geological homework. No drill rig is on site, and bedrock gold is not yet proven

Namibia:BP’s massive 3,000 km² 3D seismic roadmap right next door on Eco's acreage proves our neighborhood is active. However, deepwater drilling costs upwards of $50m. Until Omar moves from negotiations to a signed contract, PEL 94 remains an unmonetized paper asset.

👇👇👇🤬💸🤣🤣

The truth is that the Walvis Basin has officially transitioned into a high-stakes corporate chessboard.

The entry of BP and Chevron means the basin is being treated seriously by mega-cap companies with infinite budgets. This massively increases the theoretical value of GEO’s 4.3 billion barrel prospect.

However, it also turns up the pressure on GEO's management team to maximum volume. They can no longer claim that "the market is quiet." The market is moving fast, deals are being signed, and GEO needs to secure a major partner before their license timelines run tight or their treasury completely empties out.

The retail herd is out here high-fiving over Tom Harris finishing a field trip, completely oblivious to the legal reality of the asset they are buying.

Go read the official Gorge acquisition terms. The vendor explicitly retained the rights to all near-surface gold down to 2 meters (extendable to 4m). All those high-grade rock chips and surface nuggets the rampers keep drooling over? They don't belong to GEO.

Let’s look at the absolute operational reality of this week's RNS:

Stuck in the 'Orientation' Phase: The board is pumping the fact that they did an 'orientation soil survey.' Translation: they are still doing basic homework trying to figure out how to test the ground. They haven't even done a proper regional grid sweep, let alone permitted a single drill pad.

The 12-Month Reality Check: Wake up. The stock is down more than 41% over the last year for a reason. This tiny bounce from the 0.07p floor is a classic 'sell the fact' exit window engineered to create liquidity.

The Dilution Wall: We have 5.86 BILLION shares in issue. Trapped holders from last year are dumping their paper into this artificial momentum just to get their cash back.

Omar has zero cash to drill deepwater Namibia, and we are months away from turning a single drill bit in Australia on an early-stage project where we don't even own the surface rights. Take your 100% profit while the bid is still there. This is heading right back under 0.08p next week.