Member Info for MisterPositive

Well 2.2 cents in EUR is 1.91 pence..(fx rate 1.15)

Are MMs doing bit of arbitrage here ?

12.8 cents is very good price target (7p here).

We all know Cambay is valued lot higher. Soon all pieces will be put together now that OEX about to get back on track.

Oil and Gas demand only going to increase as Global economies start to ramp up expansion post Covid-19.

Just hold tight. Still mega cheap. That's why I say we should get to 1p just for starters before building further gains as things progress.

Let's see what exploration updates we get from IAMGOLD tonight.

Don't think anyone missed the boat.

May be tomorrow if deal news is confirmed then you won't see these prices. Will be lot higher.

MMs will try to collect more.

Could see a good afternoon session ahead of news

I think BOTO NPV next door is over $300m

So SENALA could easily fall in that bracket.

Prof
My bad. You could be right. I only put very rough estimates as current Mcap does not reflect the upside.

A rough idea of Target Mcap gives all of us some idea of where we are headed. Makes the investment case that much stronger. Our Mcap has to gap up, cannot stay this low forever. Hence eagerly waiting for IAMGOLD 10,000 metres drill results just for starters to kick-start the Valuation gap upwards.

Cameroon I would estimate @ 20p to ORR,

...especially after getting the extra 5 licences in Central Cameroon in addition to ones in North Cameroon. Both are high grade rich mineralisation zones.

Will need drill results, size, width, depth, grades etc. to get a better handle on future valuation for Cameroon. But from the high grades and mineralisation strike lengths already seen from historical drilling, I think ORR is in a very enviable position for Gold majors nearby to pounce.

AG
I would put a rough estimate for Senala @ 10p

Based on combination of factors; peer valuations,
Other Multi-million ounce gold deposits that surround "SENALA".

IAMGOLD would be front runner here given there BOTO deposit is few km away where they just increased Capex from $20m to $60m. IAMGOLD with $1Billion cash pile also get 1st mover advantage at SENALA.

IMHO.

Hunniford
Nice one.

Frankly there was no reason for this kind of a drop from 1.70 other than profit takers OR background order filling.

1.50 gone

JDO must have put the kettle on.....Lol

1.445 paid

We are good.

1.40 paid.

Way too cheap this one.

Ordered filled I think.

Was about the say the same. Better chance at 1.35
Won't make a huge difference when this multi-bags in next few RNS.

Same here. IAMGOLD is very likely to take over SENALA and get all the synergies from combining it with BOTO. Offer price needs to be attractive. We know IAMGOLD sitting on around $1B cash pile.

Cameroon - Barrick Gold would be there one way or another, initially as JV partner before taking over completely with a nice juicy offer we could not refuse. OR both IAMGOLD and Barrick can take equal interest in Cameroon leaving 25% free carry for ORR. Different scenarios to play out there.

IMHO.

Thats the way I see this playing out.

MMs spooking few to give in and sell to them cheap to sell higher later in the day. News must be close then.

Plus some punters chasing elsewhere.

Directors taking shares in lieu of fees always a good sign.

They know the Upside here.

I have had duplicate post issues also here and other boards. Now I wait few mins.

Could be tonight before ASX open or during the week is my guess when deal terms are finalised.

They did say talks at "advanced" stage.

Its coming.

Rumours circling TESLA to buy Gold Bullion next after Bitcoin....that would be interesting.