Member Info for Moneymaker2015

Agreed, I did say “chance” though and not that it will be 100x. That’s just an arbitrary multiple though. Any damages award may be significantly lower or higher. It’s a +$1billion
asset though, so getting the licence back would have a huge impact on the mcap.

PFP is one I’ve been watching for a long time. As it’s now looking to progress the issue to the ICSID, there’s a good chance a the dispute will come to a head later this year (all going well). As I say, still as big risk as it’s out of PFP’s hands, but at the current mcap it was definitely worth a dabble, from a risk:reward perspective.

As much of a gamble as PFP is, I couldn’t help grabbing a few shares a couple of weeks ago. It’s the £3m mcap compared to the potential asset value and/or damages that’s had my attention for a while now.

Whilst it’s a big risk, there’s every chance of 100x return if things go in PFP’s favour. Even the prospect of TZM compensating PFP could be sufficient enough to fund another project, which would still likely provide a big return of the current mcap.

I wonder if Braindead and/or Ronald will still be spamming this board in 2 years time…

Capt,

The point of that message is that was the two of them have dismissed the items of importance that the BoD have completed.

The RNS you mention for example stated:

“The Company has engaged Hill Dickinson LLP to prepare the Prospectus for the issuance of the remaining shares due to Southern Gold. This process will take up to six months and Aidan Bishop will lead this process for the Company”

BMV got the Prospectus approved last month, something that was integral for the company to be able to move things forward.

It also stated:

“The Company will develop a new website in English and also in the Korean language”

No timescale was provided and it is an item of no significance to the future of the company. However, the two of them have mentioned time and time again that the company has failed to provide the website. Yet it’s of no importance whatsoever and won’t make any difference to how the company performs in the future.

That’s a nice little treat to wake up to!

Some decent near surface grades there too.

Having been a holder of EUA myself for 6 years, I can genuinely say they’re two very different companies. EUA was an explorer that transitioned into a producer. MNRG is an investor in assets that where others have done the work, with the aim of bringing it into production through part ownership.

There’s also the difference in that EUA’s assets are potentially worth well over £1billion, whilst MNRG’s aren’t worth anywhere near that, £50m at best, and that is assuming everything goes to plan and each project goes into production.

Yes to be fair, it’s very rare to see a company that has obtained mining permits and has obtained non-dilutive funding, with such a low mcap. There’s definitely some upside potential.

Another 10 green boxes I see again today. I don’t even know what Braindead and/or Ronald McDonald can have left to badger on about. First it was that a deal wouldn’t be made with SAU, the deal got finalised. Then it was that there was no update, the company made an update. After that it was that the Prospectus won’t be submitted by BMV and the company will get delisted due to an FCA investigation, the FCA itself approved the Prospectus. Last month they starting going on about the upcoming website, which no one overly cares about. Surely they’re getting a little desperate and embarrassed now…

It’s the increased number of sells today, more so the two sell equating to £20k.

Before you make any hasty decisions, keep in mind the share price has only gone back to where it was a couple weeks ago. Plus, there’s been no additional news, good or bad, to justify altering your position.

I’d never advise anyone to buy or sell a share, but the MNRG situation may not be all that bad in the long term. This year MNRG Eco is bringing its first project into production and is anticipating news on other JV opportunities. News from Gold Ridge is due to be released and may be huge for the company. Kyrgyzstan has changed its stance on Uranium and may end up doing a U-turn on its Uranium ban. Positive news on any of the projects could very quickly flip add a significant sum to the current mcap. It may be wise to sit tight for a while and see where things are heading. Remember, the mcap now is only £3m, so there’s a lot of upside potential.

If you sell now, in order to salvage what you have left, you’re consolidating a loss. As I’ve seen many times over, people are forever kicking themselves for selling at a loss, that wasn’t off the back of negative news. The biggest one being EUA. It dropped from about 1.3p - 0.45p for no reason. Many that bought-in over 1p sold at a loss, for little or no reason, then 18 months later it had hit as high as 42p. A few disgruntled ex-holders still show their face every now and then on the EUA board trying to talk down the company, all because they missed-out on a 40+ bagger.

Provided they sent it to the right bank account and have appropriate IT security in place, presumably the funds will be covered by the bank and/or the insurer anyway.

As you say, the drilling is the high priority here given the potential size of the asset.

As much we had both hoped production was going to start two years ago, at least things have still been moving in the right direction. All you have to do is look at what it has achieved in the last couple of years:

Just over 2 years ago the company managed to get the Gubong permit approved. The month later, the Kochang permit came in. The company said it wanted to look for non-dilutive funding, which it managed to secure in the height of the initial Covid outbreak. It put a production plan forward to SAU, which was too short of timescale to fit in with SAU’s own plans, so SAU defaulted it’s obligations and automatically put its half up for sale. BMV managed to purchase SAU’s 50% in an all share deal, doubling its assets for much less than 50% dilution. Don’t forget the valuation either: The NPV was based off a gold price of $1,440/oz, which was then further reduced by 15%. The NPV was then discounted itself by 50% to account for unforeseen risks. Oh, and the terms of the JV allowed a further 10% reduction in value. BMV has got itself an absolute bargain in this deal when you look at the figures. On top of this, in the last two months BMV has signed the gold sale contract with Auric and got the Prospectus approved by the FCA.

Basically, BMV hasn’t been doing things at speed over the last two years, but the things it has done (listed above) are very positive for shareholders in the long term. There’s no guarantees with any stock, but some like this I am happy to keep being patient. A couple of quotes from Ian Cassel come to mind:

“Stocks rarely perform in the time frames we predict, and it’s why the market only works for investors that have more patience than they thought they would need”

“You don't deserve the upside unless you've done the work to stomach the volatility along the way”

“If you've done the work don't waste energy debating with people that haven't”

The board will get busier when the share price next rises. It was quiet a couple of years ago when it was sat a little less than 2p. I think there was only myself and Jersey that used to post back then. It got busy just over a year ago when it was at 5.7p, as the sale was due to be concluded. Then it’s dwindled as the sale took 12 months to conclude, which also prevented any progress being made on production. Ironically Braindead and Ronald weren’t around de-ramping the stock during 2020 as the share price climbed from 1p - 5.7p.

We seen it time and time again how quickly the share price here moves as there’s a fairly low number of shares in issue, compared to many miners and/explorers (depending on how you perceive BMV). If you’ve been here about a month, and are currently at a loss, I’m guessing you joined after the Prospectus was discovered and the share price jumped from 1.5p - 3.1p. If you’re just looking to make your money back you may only have to wait until the next lot of news is released. If you’re looking to make big return here though, you should really be looking 24+ months ahead.

Considering I only have Braindead and Ronald McDonald filtered, the ratio of green boxes to comments from others is about 3:1.

It’s surprising they have so much to talk about too! Before I filtered them, they were both banging on about the Prospectus and how AB will never get it passed. Braindead also kept saying that BMV were due to get de-listed due to an FCA investigation. I bet neither of them have admitted they were wrong and BMV did indeed succeed in finalising the Prospectus and ultimately the purchase of SAU’s half of the mine?

I also imagine neither of them have been acknowledging we had an update only one month ago that stated a gold sale agreement had just been signed with the funding partner and that BMV now has 100% ownership of the mine. I bet they have also dismissed that production couldn’t actually start during the last couple years until these 2 very important issues were finalised?

I generally don’t know what the two of them can still be de-ramping about. Unless they’re still desperate and ranting on about the new website… which a date was never actually given for and was always more likely to come online as construction commenced at Kochang anyway.

It is very odd that the two of them are so interested in a share that they both claim they are not invested. Very peculiar behaviour indeed…

On a different note, the price of gold is holding very strong as it’s on a 6-month upward trend. BMV may have inadvertently left commencing production until the best possible time.

In relation to the stage 3 access, todays RNS does state:

“We are also delighted to be proceeding and advancing with the Stage 3 mine development”

The stage 3 access issue was always going to be temporary and they did start “sorting” the issue early last year.

It’s surprising how the mcap here isn’t moving much considering how well production’s going and how quickly the debt is being repaid. If gold prices remain high, this should be flying by the end of next year.

Bunsen, unfortunately that has been the way on the VAST board for quite some time as so many have lost money here. I’ve just come back on board here for the 4th time now. With the share price being so volatile, I’ve been fortunate enough to walk away with a marginal profit each time.

I genuinely don’t see how this will go much lower this time round considering the current mcap. The assets have a much higher value than the mcap and the company isn’t going under anytime soon. If production hadn’t even started already it would be a different story but with everything VAST has done over this last 12 months, there is a very good opportunity here indeed.

Following on from what Keith had said, rather than thinking of one method being likely to provide a higher reading than another, just look at it as gaining another perspective of the same area.

As Keith has rightly pointed out, in this particular case, due to the depth of the Kalahari cover there’s a chance that the TDEM may be faced with more resistance. However, if a DHEM was to come up against a high level of resistance, that one plain would make the prospect appear unappealing, which may not be an accurate representation of what’s in the area. Likelihood is that due to the proximity, DHEM will provide a consistent or higher reading. Having both the TDEM and DHEM however, gives a much more accurate representation of what is actually going on.

Similarly, it’s KAV’s use of various methods that I particularly like here. Keep in mind the size of the KSZ and just how small KAV is as a company (in relative terms). The use of TDEM’s is by far the most cost effective way to identify a target, which can then be verified by DHEM and core samples. In simplistic manner, the TDEM will find a target, the DHEM will verify the size of it and the core sample will confirm what is actually there. If the core samples from this drill campaign are positive, TDEM results in the future will be invaluable.

The large drop was inevitable, you see it time and time again with oil & gas companies and also mining companies. A significant discovery is made or a previous one confirmed and the share price jumps, then gradually makes its way back down.

The long and short of it is long term holders taking profits and short term holders mitigating losses. The current value of Anchois-1 was likely already priced into the mcap and people know production of this asset is a long way off. In order for a rise in the mcap to be sustained, shareholders need to see: An increase to the NPV of Anchois-1; Funding news on Anchois-1; The actual NPV of Anchois-2 or news on the partnership with Total Eren. Obviously, news on any of the could land unexpectedly, so selling-up now means you run the risk of missing the next floor price (whatever that may be).

The future looks very bright for CHAR with the progress it’s been making. It’s likely more a matter time and how long you’re willing to hold.

To ease your stress, I’d forget about the BritNRG deal. Yes, it could have made MNRG a pretty penny, but it doesn’t look like that is going to be the case now. On the balance of probability, at some point in the future MNRG’s mcap is still going to be considerably higher than it is today. Unfortunately, now it’s going to more of a case of; how long is the wait going to be.

PR put that (or similar) on Twitter about 09:00, took it down again about 10 mins later, then reissued that one a few hours later.

It definitely sounds like the prospect of coming to any agreement with BritNRG has been nailed on the head.

It’s a bit odd that PR has taken Align’s Research Note to heart. It’s of no significance whatsoever.

It’ll be nice to know exactly what is going on behind the scenes here. Either Rolf has been lying to shareholders or he’s got a case now against BritNRG for defamation of character…

It’s a matter of perspective. If the EBITDA does get to $15m+ as planned next year, the mcap will likely be significantly higher than what it is today. So, the debt is small from that perspective. I haven’t checked but I wouldn’t be surprised if VAST is currently trading below NAV.