Member Info for Medjed

Lol Mercedes, MIRI have more secured cash than ENET. I'm in both anyway for punt money.

£1.2m is a bit more than $0.8m lol.

I think MIRI has a better chance of success as they already show signs of collaboration with massive networks like ProSiebenSat.

ENET will likely just be a technical spike so they can dump warrants into it to raise more money. I'll be getting out of that on any spike anywhere near 0.0000000006 or whatever lol

It will be interesting to see what happens if they can't raise below nominal share value, and won't be able to raise above market share price. A bit of a rock and hard place.

Looks like they need to pull a contract out of the bag as the only way forward. Hopefully something comes out of this Austria ProSiebenSat collaboration they did.

Its just a chatgpt estimate so take it with a pinch of salt I guess, but its a very conservative estimate I think.

This is just for Yarrol North ridge, ie not factoring in Central Ridge ounces or the two new exploration areas Starlight and Ext-S.

Doing a very rough and conservative back of a cigarette packet estimate for Yarrol North:

500m strike (inc. the new extension identified by RC drilling and DD drilling) x 180m width (from EMX presentation x 100m depth (from EXM presentation cross section). And using 2.7t rock density.

500*180*100*2.7=24.3mt of rock

At conservative 0.5gt Au estimate average accros the volume that is 24.3*0.5/31=392k oz

Or even if you assume 1/2 that to be very conservative that's around 200k oz for the 'shallows' down to 100m depth.

Then add the new DD deep ounces hit pretty much all along the strike. Even if we keep the width only 1m

500m*180m*1m*2.7t*6g/t=47k oz

That's ignoring the 1g/t widths deep down.

So my crude maths tells me 250k oz base resource for Yarrol North Ridge only.

Then if they missed any bigger lodes deep down with the 100m spaced DD's then there's your upside right there. Once they return to DD drilling.

It won’t move till news, or a leak. Its not going to move otherwise.

Its a case of sit tight till around April, then consider de-risking as June approaches.

Using chatgpt pro and feeding in the assays so far and diagrams of the mineralisation areas we get:

Step 5: revised conservative picture (clean and defensible)

Using no hero assumptions:

• Historic shallow resource (updated): ~110–120 koz

• Northern extension shallow: ~35 koz

• Northern extension deep: ~35 koz

• Deep below historic (DD): ~30 koz

Revised conservative total:

👉 ~210–220 koz

Considering other stocks with 200k oz (and less) have mcaps of £20m+ I’s say this is very undervalued.

56m 1p warrants left to exercise

With these results so far, I'll eat my hat if it goes down much below 1p.

Hole MYARC0197 (Figure 2)

• 11m @ 2.91g/t Au from 11m,

· including 1m @ 16.45g/t Au from 11 m

• 1m @ 39.10g/t Au from 32m

• 17m @ 5.46g/t Au from 42m,

· including 1m @ 9.25g/t Au from 42m

· and 8m @ 9.76g/t Au from 51m which includes 1m @ 47.40g/t Au from 54m

Hole MYARC0195 (Figure 3)

• 2m @ 1.00g/t Au from 100 m

• 1m @ 5.19g/t Au from 117 m

• 2m @ 6.44g/t Au from 124 m

· MYARC0199: 17m @ 1.05g/t Au from 101m

o incl. 5m @ 1.97g/t

· MYARC0200: 9m @ 1.08g/t Au from 69m,

o Incl. 2m @ 3.72g/t

and 8m @ 1.65g/t Au from 131m

o incl. 2m @ 4.88g/t,

and 1m @ 9.22g/t Au from 148m

· MYARC0203: 3m @ 1.19g/t Au from 40m

o Incl. 1 @ 2.26g/t

and 7m @ 0.69g/t Au from 66m,

o incl. 1m @ 2.57g/t

MYADD205

1m @ 6.8 g/t Au from 183 m

1m @ 6.3 g/t Au from 187m

1.2m @ 1.1 g/t Au from 229.8m

MYADD206

1m @ 6 g/t Au from 143 m

1m @ 1.2 g/t Au from 160 m

MYADD207

0.8m 1.33 g/t Au from 264.2

MYADD209

1m @ 5.05 g/t Au from 195m, partial results still

I am invested but this utter nonsense being posted is not helping the share. I can do an AI too and this one is pro lol.

Here’s a verifiable answer to the specific rumour on X and bulletin boards claiming PYX (or its Indonesian subsidiary) has had a 2026 RKAB licence approved:

⸻

❌ There is no confirmed official source stating that PYX/PT Investasi Mandiri has been granted its 2026 RKAB approval

1. No RNS from PYX

• PYX has not issued any Regulatory News Service (RNS) announcing that its Mandiri 2026 RKAB (Work Plan & Budget approval) has been granted.

• If such an approval had been issued, it would be material information and must be RNS’d under Main Market / ASX disclosure rules — and no such announcement exists as of mid-Feb 2026. 

2. Company’s last confirmed RNS on regulatory issues

• In August 2025, PYX confirmed that its IUP licence expired on 31 Aug 2025 and that RKAB approvals across the mineral sands sector (including Mandiri/Tisma) had been suspended due to a regulatory shift in Indonesia. 

• The August 2025 RNS did not say that a 2026 RKAB had been approved — instead it explained just how the Indonesian system had changed and why the company was unable to proceed with renewal at that time. 

3. No reputable news outlet has reported it

• Major Indonesian press and financial re-transmissions (Antara, Prokal, local Kalimantan outlets) report ongoing investigation and regulatory review of RKAB approvals but do not report a 2026 RKAB having been issued to PT Investasi Mandiri. 

4. The X / search result snippet is not a reliable source

• The hot discussion snippet you and others cite (e.g., “As of February 18, 2026, reports indicate PYX has secured the necessary 2026 RKAB”) comes from a social media preview, not from an official announcement or trusted news source.

• These preview snippets are often generated automatically and based on any indexed text containing the keywords “PYX”, “RKAB”, “2026”, etc.

• They are not confirmation that the licence was granted. 

5. Investor forum posts themselves say there is no confirmation

• A post on LSE.co.uk flagged that despite speculation, there is no official confirmation and, in fact, some users say that the 2026 RKAB approval for PT Investasi Mandiri “is now almost certainly dead.” 

• That is a contradiction, but the key point is: neither claim is backed by an RNS or a verified Indonesian government announcement.

⸻

📌 Why the rumour likely arose

1. Search indexing confusion:

Some search engines or AI tools will combine unrelated pieces of text (e.g., “Indonesia reinstated annual RKAB process” + “PYX”) and present it as if PYX itself was mentioned. That is not the same as an approval.

2. Sector chatter:

Other miners in Indonesia (e.g., Vale Indonesia) have resumed operations due to annual RKAB framework clarity. Some forum posts assume the same applies to PYX. That assumption is not the same as an official approval.

3. Investor optimi

Valhalla so dramatic lol

It already is 0.01…GBP lol

;)

Lol yes just injecting some facts. Sorry rampers :)

Can buy 0.5b on IG no problem

Could buy all morning on IG, and still can just now. 10's of millions.

All wrong lol. There are now 25b shares.

If we use closing price of 0.0000000039 or whatever

Its actually £975k mcap

If you did mean MAKO Mining, their figures are as follows

Summary (approximate totals):

• San Albino resource (producing mine): ~250 k oz (M&I) + ~130 k oz (Inferred)

• Moss Mine resource: ~646 k oz (M&I) + ~122 k oz (Inferred)

Mcap is around £472m

@Seingred what is MAKI? I can't find any company called MAKI neither can chatgpt.

Do you mean MAKO Mining CVE: MKO?

mcal 873m CAD?

Thanks

Have to agree with you, OMI I wouldn't risk either, mcap too high now on speculation.

Whats the right mcap for both, who knows? Probably somewhere in the middle.

£100 per oz in the ground seems to be the how the market are pricing explorers right now. Spot on for JAN, 200k oz so far, so £20m mcap. Which means OMI has to come a long way down, unless they have something we are not pricing in?

Not wanting to justify OMI at all, but to be fair to OMI, they are priced on potential speculative ounces just like JAN.

They have a MRE for Pepas of just over 200k oz, but they also own much larger areas APTA and El Cedro, and just like here investors are speculating there are multi million oz in the ground there. So OMIs mcap is speculatively high based on those hopes.

Great comment Retired Banker, no company is valued at spot price of gold in the ground lol, not even top tier 1 producers. Extraction is never free.

Completely right, explorers at this stage are value around $50 per ounce in the ground, depending on jurisdiction of course.

Just wondering what made you jump in now, at £20m mcap JAN is currently valued as if it has 500k oz on the ground already.

Hi Scan89

Its not any worse than other junior gold explorers. JAN had a partial result around two weeks ago and hasn’t updated about the rest of the results since.

And lets not even talk about WSBN who have gone quiet about their first result for about 8 months now lol.

So two weeks is nothing to stress over.

14 days is nothing. People are too impatient these days, jumping from stock to stock if nothing happens in a few days.

Remember some of the all time

top winners like GGP and EEE took years not months not weeks to get from bottom to peak.