Member Info for MisterPositive

When there is high demand on OTC then MMs source stock from UK and sell to their US desk.

Some one is accumulating.

Feels like Fund managers & Institutional investors getting back in PANR after that superb CPR and before FARM OUT news.

Higher revision to come on the CPR.

Last rally few weeks to 4.50p was triggered from same level also.

Could be see a repeat again !!!

Great interview.

Resource will get even bigger. Independent CPR from one of the best in the industry is a huge vote of confidence. Good to have "multiple parties" interested. Expect a Farm Out update soon.

David Hobbs buying another +1m shares on Open Market is most likely more upto date with proceedings. Otherwise why would he increase his Holding to 2.7m !!!

May be someone got wind of news on its way

OR

Could be simple realisation of how ludicrously Undervalued WSBN is currently sitting on prime HOT real estate in Paterson province (WA) with surrounded by Major proven discoveries all around us.

Does not take much to move this one witb such a low number of shares in free float.

This touched 136p last year.

Current price is a Steal.

David Hobbs bought 1m PANR shares on Open Market.

Expect Fund Managers to follow same before ConocoPhillips or EXXON show their hand.

Cannacord estimate of 100 pence is very conservative but a good start.

David Hobbs increasing his holding from 1.7m to 2.7m shares in PANR is very significant.

Time to add more me thinks. This could be heading back to over £1 sooner than expected in my personal opinion.

Cash value alone is approx 1.16 pence a share.

Which equates to circa 60% of MCap. Crazy !!!

On doing some more research on the history and geology found out the all these deposits were formed around same time as the 26m oz TELFER gold deposit which is owned by NewCrest but now come to end of life.

Cottesloe, RedSetter been sitting there all these years nearby in prime HOT SPOT real estate with both HAVIERON and TELFER very close by.

I would expect sooner or later a strong reversal to the Upside without warning as market starts to realise how significantly undervalued this is currently at £5m MCap with NO DEBT.

"After settlement of the Quarterly Repayment, the principal remaining under the Convertible Bond will be reduced by US$2.45 million to US$34.30 million."

That is still lot of Convertible Bonds still to be converted leading to lot more shares Dilution ahead.

Https://www.londonstockexchange.com/news-article/WSBN/results-of-gravity-survey-at-cottesloe-project/16042686

Cottesloe looks highly attractive being analogue to the near by 100Mt NIFTY deposit.

Yep. When this moves, it really moves fast with only 250m shares about.

Excellent entry price in my view. Even 3p would be nothing compared to 15p it touched last year when they found mineralisation in every hole they drilled. They targeting the source this time and expanding on previous mineralisation discovered.

Both Cottesloe and RedSetter potential Company makers. Look at GGP who were getting no where with their various projects, Ernest Giles, Firetower, etc and then came Havieron and price rocketed from 2p to 38p in just 9 months.

Price not going to stay low forever. In it to win it.

MP

We already drilled at RedSetter last year. This year they want to drill those 2 Telfer dome analogue structures at RedSetter.

WA govt have now Abandoned those controversial new Heritage laws within just few weeks of launch after backlash from land owers, farmers and the Resources industry.

EEE drilling in same area saw a 6 fold jump in MCap to over £26m now hitting 52 week high.

"The Cottesloe East tenement is contiguous to the Cottesloe Project (E45/4543) which is already owned by Wishbone, and brings the total project area to 50 blocks covering an area of 165km2".

👆 so glad they also acquired Cottesloe East in Jan 2023. Cottesloe sits next to the huge 100Mt Nifty Copper deposit.

Game on. Current MCap is plain ridiculous

I bet ya most of us wished in putting a small chunk in Azure Minerals at 0.22 AUD in Jan 2023.

Even Azure was surprised with all this Lithium sitting right under their nose. Next thing you know SQM at their doorstep making A$900m cash offer.

Will not be missing out second time around with UFO as a prime candidate not just for the Lithium but also Silver, Palladium, Platinum. Still cannot believe Elizabeth Hill produced the highest Silver rock weighing 145 Kg as all time high ever recorded in Australia.

Interesting developments.

Great research. 👍

Azure Minerals recent Lithium discovery just North of Pinderi Hills opens up a whole NEW dimension for Alien Metals.

Quite amazing how quickly Azure Minerals reached A$1.07 Billion MCap in just 8 months.

Eagle. You might soon need to change your Buy Order to 2.70

Current MCap is ridiculous given the strong CASH balance we have.

EEE drilling in same area at c £25m MCap.

WSBM at around £4.25m only !!!

This should come good. Exciting times ahead.

Trading at well below NAV.

Potential 100% to 200% upside ahead.