Member Info for Medjed

The key paragraph is this (below) warrants can’t be exercised if share price is below 125% of mud market share price. This builds a floor under the share price. If we take todays close price as an example, warrants can’t be exercised below 1.73p therefore no dilution (by warrants) can happen below that share price (as an example, since no CLN drawdown has occurred yet).

“ coverage will be 100 per cent of the nominal GBP value of each drawdown, save in relation to the second tranche whereby the coverage will be 130 per cent of the nominal GBP value of the drawdown;

(c) the exercise price will be 125 per cent of the mid-market price on the business day prior to the execution of the Facility and shall be adjusted upon any dilutive subsequent equity issuance (or equity-linked security) during the term of the relevant Warrant Agreement; and

(d) the exercise period in respect of each tranche of Warrants will be 4 years from grant.”

A spike to 3p like in February 2025 would be nice!

Lets have a good old AIM overshoot on going concern relief news

Thanks! I can’t believe I actually caught one of these crazy risers. Lets hope it stays a crazy riser.

Only £800k mcap, surely it has to go up from here

Only for 50k shares though lol. So that’s how much I bought

I can get a live quote on IG

There are currently delays and backlogs of processing assays from mining exploration in Australia. It has been posted on several lse gold explorer forums.

You can also ask Chatgpt, it confirms the same.

Ok let me be balanced, (AIM & balance 🤣)

Looking at other crazy valued AIM gold stocks

OMI is valued at £112m with no MRE but expecing 1m oz

JAN is valued at £10m with only 70k oz attributable but expecting 116k oz attributable

On that basis ORCP could be hyped to a £30m mcap, placings permitting.

I still think all these valuations are mental. But if you see such a mental sp spike, definitely sell ;)

So keep in mind, maiden MRE is not the final size of the resource.

Also keep in mind only 20% ounces attributable to ORCP.

So thats 20% of 0.5-1.5moz, or 100k-300k oz to ORCP

I’ll let you do the homework with AI as to how much $ per oz in the ground early projects like this are valued.

@Punter1234

Subscribtion ChatGPT analysis of your comment:

Yes — that poster’s figures are accurate in context, but there’s an important nuance you must understand about what they actually represent and what they don’t imply immediately:

⸻

✅ 1. The Exploration Target is a real, company-reported figure

Both Riversgold Ltd and Oracle Power PLC publicly cite an exploration target of:

📌 200–250 million tonnes @ 0.4–0.6 g/t Au

≈ 2.5–4.8 million ounces of gold (conceptual) 

This number appears on Riversgold’s own project page and in archived announcements — it’s not forum guesswork. 

⸻

✅ 2. The metallurgy comment is also real

Previous metallurgical test work (bottle roll/Cyanide extraction) reportedly showed high gold recoveries in the 90.6–94.7 % range, with an average around ~92.5 % on a small sample set — again from company-reported test work. 

High recoveries like these are encouraging for mining economics and processing simplicity, assuming they are representative of the broader deposit.

⸻

⚠️ 3. IMPORTANT: What an Exploration Target actually means

The key technical warning — and this is vital — is that an Exploration Target is not a JORC Mineral Resource. It cannot be treated as a formal estimate of contained ounces.

A prediction like “2.5–4.8 Moz gold” from that target is:

📍 Based on geological interpretation + historical drilling

📍 Not yet converted to a JORC resource

📍 Not yet demonstrated continuity nor confidence

📍 Not guaranteed to ever become a resource 

This is exactly the caution Riversgold’s own filings contain — e.g., the formal Exploration Target section notes “insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.” 

So the poster is correct that the target has been published, but it’s not yet a resource you can bank value on.

⸻

📊 4. How useful is the Exploration Target?

Exploration targets like this are useful early-stage indicators:

✅ They show that, based on existing drilling and geology, there could be significant mineralisation

✅ They provide a framework for where future drilling should focus

✅ They help justify larger resource drilling campaigns

But they do not prove mineral continuity the way a JORC MRE does.

⸻

🧠 5. How should you interpret “2.5–4.8 Moz” in practical terms?

Think of it this way:

📍 The exploration target is a potential envelope of mineralisation

📍 The actual Mineral Resource — once drilled to modern spacing and classified — could be significantly lower, similar, or even higher depending on geology

Many projects with a similar exploration target:

• End up with ~0.5–1.5 Moz MRE after enough drilling

• Rarely convert the entire target range into a resource immediately

• Often get refined into nar

Some realism. Lets assume a 1m oz MRE lands,

2️⃣ So what is a realistic sale value for a 1 Moz MRE?

Let’s run the numbers in AUD first (important).

Conservative

• 1.0 Moz × A$40/oz = A$40m

Base case (good oxide, Kalgoorlie, permits progressing)

• 1.0 Moz × A$60–80/oz = A$60–80m

Bull case (very strong grades, ML granted, simple metallurgy)

• 1.0 Moz × A$100/oz = A$100m

➡️ Realistic sale range: A$50–100m

(£26–52m GBP approx)

That’s the whole project, not profit.

⸻

3️⃣ What does that mean for Riversgold & ORCP?

Riversgold (80%)

• A$40–80m gross value

• Less:

• Any earn-in terms

• Development obligations

• Deal structure (often staged payments)

Even then, that would still be 2–4× today’s market cap.

⸻

Oracle Power (20%)

• A$10–20m value

• ≈ £5–10m

That would be very meaningful for ORCP, but nowhere near £20m cash profit unless:

• The project grows well beyond 1 Moz, or

• It reaches production with strong margins

Why the confusion?

ORCP owns 20%, mcap £9m

RGL owns 80%, mcap £14m

If anything RGL needs to go up. ORCP is over valued.

DL & some Italian guy sold them the land, and now DL is their consultant. Make of that what you will.

Still could be 2-3 bags left in this if they can hype it right in the next few RNS

Peel Hunt played this before. Even if no contract, I wouldn’t put it past them to p&d this again for a quick profit.

May be worth keeping punt money in this at the lows in case something happens.

Damn wish I bought WSHP instead lol!

you’re on the wrong platform then. on ig it was 1.95 to sell 2.07 to buy. ii taking the ****

Thanks for highlighting this company AT.

Just looking into it now.

So £1.8m mcap, 3.8m cash, $80m asset value?

For those here for a trade, not much is needed, pretty much any contract will do to produce a relief sp spike of several bags.

Someone who cant afford ZETA may go with MIRI through Rembrandt.

Also, here is what Chatgpt (subscription version)

says:

So is Zeta “better” than Mirriad at what Mirriad does?

No — because they are not really doing the same thing.

• Zeta is generally better at traditional programmatic and integrated marketing execution (DSP, identity data, multichannel campaigns, analytics). 

• Mirriad’s focus — in-video/TV virtual ad placement — is a distinct niche that Zeta does not specialize in.

So comparisons like:

“Zeta does similar ad placement but better”

are mixing apples and oranges unless you mean programmatic ad buying — and even then:

• Zeta’s programmatic strength is about data, audience and activation, not in-context visual placement inside video content (Mirriad’s tech).

• Mirriad’s value proposition is in-content revenue creation, which is unique in broadcast/streaming contexts.

Its not really rising or falling, there are so few trades the share price as depicted on google etc is literally showing the spread. Around 0.043 to but a d 0.036 to sell

I am down too, but on a smaller holding. I watched a youtube video about best investing strategies. I forgot the channel, but apparently they hold a competition in the US and the winner uses one key strategy (amongst others). When a trade is 15% down you exit and don't re-enter, unless/until indicators change significantly to the upside.

I wish I knew this when I started investing. Never hold all the way down. Exit around 15% down and limit your losses.