Member Info for MisterPositive

Looking at NAV of £6.27m current share price is a steal

Kylie.

Good articles. Very interesting.

Dont know much about RP....time for him to prove himself now i guess.

RedSetter as analogue to Telfer 26m oz is HUGE.

Last year drilling at RedSetter was high level widely spaced holes to test the extent of mineralisation which was found in every hole drilled. Recent data using latest technology highlighted the "Telfer Dome" structure at RedSetter same as NewCrest 26m oz Telfer Gold deposit few km away.

Company said themselves in the RNS yesterday.......we will need funds to progress fwd.

There is no ambiguity.

VELA is trading currently at HALF price vs Net Assets valued over £6m currently.

Cheap as chips. Market will play catch Up soon.

Not a good deal at all. Canmax have shafted us.

Canmax will take most of Spod production to recover their $35m advance payment to PREM.

Interest Rate jacked up from 3.5% to 8%

WTF is this part - conversation price cannot be lower than 0.32 ???

20 day VWAP...90% etc etc.

Hope is not another kind of Death spiral deal ?

Not happy with the amended terms.

Focus on the company and the excellent prospects not RP.

He wont be there forever and could be gone lot sooner. If NewCrest come on board to take over REDSETTER deposit, they would appoint their own man at the Top to fast track things.

Added few more today irrespective of any inside chatter.

This is just way too cheap with current low MCap vs around £3m cash.

Very interesting to see interest around Munni Munni also picking up.

They also sold some investments in the QTR at a good profit.

Merger on track and happening. £4m to come in.

Current MCap of £3m is nonsense !!!

Investment Portfolio worth £5.52m at 31 Mar 23

Then add the £4m on top. MCap would be c £10m

0.20 should form a good base from here on. We got various price moving catalysts ahead.

One good RNS and this should climb back to 0.36 as quickly as it fell back.

2 good RNS and this should be back on the radar.

Timor-Leste now fully committed to tap in their Massive untapped resource after all these years. Back in 1998, Gas was not in fashion. Nobody had even heard of Climate change.

Fast forward to now with LNG one of the Hottest commodities in demand. Timor-Leste and Aussies finally looking to tap into the massive untapped Gas reserves. BOIL in prime position now:

"At the right place....At the right time"

"amended Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd ("Canmax") and a further announcement will be made shortly".

Above is far bigger price moving catalyst here. We back on track now. I would expect this to trickle higher towards 1.04 pence higher touched earlier this year.

And all i have seen today has been deliberate diversion to GR shares speculation by AimHigherStill....WTF

"amended Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd ("Canmax") and a further announcement will be made shortly".

"The Company has also agreed the terms of an amended Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd ("Canmax") and a further announcement will be made shortly".

Above is significant development in today RNS.

Net assets worth £6.273m is DOUBLE the MCap.

Current price is a steal. Should be close to 0.04

+£4m from Put option would ADD another + 0.02 to MCap to 0.06 as fair value.

Heritage survey RNS would zoom this back to 4.50 and higher in Double quick time.

RNS due anytime.

944T

Great post. Same here. Bashing each other does not help at all. Instead it becomes off putting for anyone looking in and all they see is fighting.

Adding insult to injury is not nice either.

Every single one of us is responsible for our own decision. This will come good. Need little patience. Seen similar situations on both KOD and PREM over past year or so when share price was on the floor and people bashing was at peak. Both companies had a remarkable turnaround.

KOD rose from 0.08 to 0.83

PREM rose from 0.20 to 1.04

UFO alreaady at the lows now with very limited downside but Upside is unlimited. Funding uncertainty also removed now.

MCap dropping in half in just one week is way way Overdone.

Think one of these days this is going to do +100% catching many out in my view.