Member Info for MisterPositive

Speculation is there is Major de-Dollarisation coming up in not too distant future as China promote its own currency and moving away from USD as reserve ccy who have mis used it for their own benefit and went too far with all this printing Dollars stuff.

When USD starts coming down, expect a big run up in Gold price.

By that time our Cameroon licence would be much more advanced with much higher MRE numbers from each stage of Bibemi Gold deposit.

Dont blame others if you fail to get in here while price is at near all time low.

0.50 - 0.60 first near term target.

Portfolio Power.
Agree 100%. Potential 10 x bagger.
0.60 would just be to get to "current" Book value of assets.

With much higher revision of asset valuation after MRE due soon.

Time to accumulate as many and stay put.

No reason why we cannot revisit 1.70 - 1.90 range hit last year again in coming weeks/ months.

News due on many fronts.

From 28 Sep RNS.....

"At the Muratdere copper-gold porphyry project ('Muratdere') in Turkey, in which the Company has a 1.2% royalty interest, successful approval of the project's Environmental Impact Assessment ('EIA') is anticipated shortly and will be a major step forward in the project's progress. The project has an initial mine plan (covering only 16 million tonnes of a total 51 million tonne resource) to deliver 68,000 tonnes of copper, which at today's prices would give gross metal revenues in excess of US$700 million".

Well 1.2% of US$700m alone is $8.4m to ORR.

They raised at a premium last time from Aussie Investors at 0.48 for sassanof.

Going for deeper targets now. Missed the sweet spot last time. Bigger oil and gas players also getting involved in the Highly prospective North West Shelf with numerous discoveries already recorded.

Expect news update here first. Raise should come at much higher levels.

Total Assets £13.02 m
Total Liabilities £0.331 m
Net Assets £12.67m

Current MCap of £3.3m is just bonkers !!!

Book value is almost 4 x times higher than MCap.

As predicted my Buy of 645,994 @ 0.07744 showing as Sell having been put through just below mid price 0.0775

Wonder how many other Buys showing as Sell ?

I bought some today at 0.0774
Probably showing as a Sell.

MMs being bit crafty dealing it just below mid price of 0.0775 at the time.

Must be quite a few other Buys also showing as sells.....Hmmm

maiden JORC-compliant Exploration Target for the Bakassi Zone 1 prospect:

440,000 Troy ounces ('oz) of gold ('Au') at 1 7 g/t

This is pretty amazing and just from Bakassi 1 being 1 of 4 zones.

Bibemi showing all the Hallmarks of large open pit Gold deposit. Mineralisation still open. How large will Bibemi turn out to be - will have to wait.

Central Cameroon also looks very promising. More updates to come soon.

28 Sep 2022 RNS -
Had a quick look at 30 June 2022 interims.
Almost £500,000 cash
Raised another £340,000 few weeks after that.

They also get very healthy Tax credits (£££) on research expenditure.

Company looks to be in good shape from what i can see. Yet MCap is at all time low ???

Background talks on Tano2A ratification ongoing.

Ghana told to get a move on. Need to cash in higher oil prices.

Tano basin home to Massive oil discoveries like the 3 Billion barrel Jubilee field and TEN oil field.

Tano2A is the crown jewel here.

At only £1.7m MCap this is potentially a 100 bagger if you happy to hold for another few years

IAMGOLD could be looking to raise cash for variety of reasons.

One of them could potentially be Buy out remaining 30% of Senala from ORR for say $3m

Another could potentially be to come into Cameroon for lets say 60% stake in Bibemi and become Operator to fast track operations.

ORR could be looking to do enough ground work to attract interest from other Gold Majors like Barrick Gold etc. That could be the plan going forward. Time will tell. Just few thoughts.

From an Investment point of view current price looks to be great entry price here if one or both above scenarios were to materialise in coming weeks/ months.

ORR simply looks very Oversold.

With good progress happening in Cameroon both Central license and especially Bibemi...expect some positive updates soon that could push this towards £10m MCap easily.

Current £3.35m MCap is a joke.

ORR assets and licences worth lot more than £3m

Earl of Aim ....posting OLD article.

CLON latest from 5 Sep RNS...

"In Bolivia, Clontarf has been in discussions with international Direct Lithium Extraction processing experts, and has agreed in principle on a Joint Venture to test brines in medium-sized Bolivian salt-lakes. If the laboratory test-work is satisfactory, we will consider, subject to sourcing the necessary funding, building an on-site pilot plant to production test the Direct Lithium Extraction process."

Bolivia going for DLE process and CLON is in JV now to help them achieve most efficient lithium extraction method.

Couple of things. This would be just one of them on North West Shelf (AUS) where other majors like ENI and Chevron also making an entry.

CLON paid £3.5m for 10% interest in Western Gas

With activity building on all 4 fronts and at an all time low MCap of £1.8m

No brainer this one...to accumulate from lows

0.20 would give us only £4.6m MCap.

They raised at a Premium last time at 0.48 from Aussie investors.

Zak Mir Chart suggests move up to 0.20 with close at or above 0.08

Clontarf advanced its negotiations with international Direct Lithium Extraction (DLE) processing experts, and has agreed in principle on a Joint Venture to test brines in medium-sized Bolivian salt-lakes.  Our priority has been to maximise throughput without relying on extensive evaporation ponds.  At the same time, the rising battery market now requires over 99.5% Lithium content, with minimal impurities, especially Magnesium.  It has been a long process, but we now anticipate that high recoveries may be possible with these specifications at a reasonable cost.  Nonetheless only full-scale production will confirm performance.

There is rising market and investor interest in DLE, both in Bolivia and elsewhere, due to surging demand for battery-grade lithium salts, both in EVs, grid storage and other 'Green Transition' requirements.  If laboratory test-work results are satisfactory, we understand that Australian and other funding is available to build an on-site pilot plant to production test the Direct Lithium Extraction process.

TR1 can be delayed sometimes by few days.

News could come from any 4 projects anytime.

With small float here, it moves really fast just like this morning.

Better to get in early than late larrys. Coz when news pops up you would most certainly be paying lot higher than todays price.

Each to their own.

Looking strong here ahead of news.