Member Info for Moneymaker2015

Olderandwiser has hit the nail on the head. Everyone has their own levels of risk, plus others may like to take a small profit and then reinvest elsewhere.

Myself in JAN is a prime example, I bought-in a couple of years are at sub-2p, then sold out at circa 9p last year. I’ve still been watching the story quite closely and bought back in again just before Xmas at 5.5p, albeit with a slightly reduced holding this time. Whilst many would’ve said it doesn’t make sense selling last year as the PEA showed an NPV of over $100m, it’s a decision that worked out.

There’s many other stocks on the market, some with bigger potential returns and a lower level of risk. You can never be too surprised with people taking small profits, no matter what stock you hold and how confident you are that it will provide a good return.

The Kyrgyzstan government placing a ban on Uranium exploration was a little out of MNRG’s hands…?

Similarly, PR not disclosing his holding in BritNRG was a little out of RG’s hands in that it was PR carrying out the due diligence on BritEnergy. Likewise, the vendor serving notice on MNRG was unforeseen at the time of purchase as it was PR that has refused to make payment to them due to a “warranty claim”.

As I say, there is definitely some element of misfortune. Before any changes are made, we need to know where each of the assets are heading. They each have the potential to make a very good return, in which case RG’s choices would indeed have been very good. MNRG just needs a bit of luck on the issues that are out of its hands.

I’m inclined to disagree there. I’ve been invested in numerous stocks that have changed broker and none of them did a raise shortly after the change. It’s not to say JAN won’t do a raise if required, but it would be more coincidental than anything else.

I’m interested to know how have you arrived at “They couldn't wait to get rid” and “They will be happy to offload half their shares” from SAU saying it is happy with its holding in BMV and it intends to hold onto the shares.

As you’ve now resorted to repeating the same rubbish over and over with no substantiation, you shall be joining Braindead in the Green Box. Good day…

It would be nice to see Rolf make a purchase to build some confidence. Although, to be fair to him, he did purchase 3.5m shares in June at more than double what the current share price is.

Personally, I think MNRG will come good at some stage as it strategy of pursuing assets with near term revenues is a positive one. It’s just been very unfortunate thus far with the assets it has pursued, the BritNRG one being the icing on the cake. Hopefully some revenue can be generated before there’s too much dilution.

The trouble is at this moment in time no one can accurately value MNRG.

If Kyrgyzstan gets the go ahead, that will be worth a decent amount. Plus, if it doesn’t get the go ahead but pays out damages, MNRG will get a good return on its cost. Unfortunately, until either of those are confirmed it has no value.

BritNRG… well until we know what’s going on with that, the value to MNRG could be anywhere between £0.00 - £20m!

Gold Ridge, there’s definitely some value there, but until MNRG confirm what the resource is or what it plans to do with it going forward it’s very difficult to put a price to it.

To be honest, looking at the current share price, I’d say the only thing currently factored in is the work with EQTEC.

Don’t get me wrong, I still believe there’s huge potential upside here. For example, if all goes very well in Kyrgyzstan, BritNRG and Gold Ridge this year, the mcap could go north of £50m. On the flip though, there’s risk that we get nothing from Kyrgyzstan or BritNRG, and Gold Ridge requiring further exploration to unlock its value, which MNRG can’t afford to fund. We’re just stuck in limbo at the moment until things start moving.

Ronald, you’re talking about something that you clearly know nothing about. SAU didn’t offload the mine to BMV. BMV put forward a Redevelopment Proposal and budget to bring the mine into production last year. The proposal didn’t fit in with SAU’s own strategy at the time and it therefore defaulted on the JV, allowing BMV to put an offer in for SAU’s half. BMV after defaulted on its “offer” requirements, so SAU had the option to sell to a third party and could have got 100% of the independent parties valuation. Instead, it opted to enter into negotiations with BMV and do a deal 6 months later for 90% of the valuation and all in BMV shares.

SAU’s taking 90% of the valuation in BMV shares, instead of demanding cash or looking for 100% elsewhere clearly shows it believes there’s value in the assets. Plus, SAU doesn’t need the funds and has confirmed it intends to hold onto the BMV shares…

From my perspective, as it is up circa 70% from when I first invested, it’s not doing too bad considering no production timescales have been announced yet.

You seem to be forgetting that the board also has a successful track record of opening old gold mines and turning them into profitable entities. They haven’t given us any reason to think this one will fail either.

You’re also overlooking when the board does achieve its promises, for example the Prospectus it promised to deliver which was announced 2 weeks ago. Plus, a timescale was never given regarding the new website. I didn’t say back in July it’s unlikely a website will come online until a road to production has been mapped out.

Very little recent footage has been provided from Gubong, so I assume you’re talking about the collapsed section of Kochang. You can see from the video produced for Auric 12 months ago that compared to many abandoned gold mines, Kochang is actually in a very good state. Plus, it has very high grades of gold bearing rock just lying around, which would be considered high margin material:

https://m.youtube.com/watch?v=YMnsFUV68Vw

Thanks for raising your concerns Ronald. Fortunately for myself I haven’t invested into BMV just to look at a website.

I’ve invested to see it bring about gold production. Considering within the space of just over a month the company has signed the gold sale contract with the funding partner and completed the transaction of SAU’s 50% purchase, my investment still seems to be heading in the right direction.

It’s like IIG all over again! That just dragged on and on. Hopefully the BoD can get this one over the line now though.

They’re all part and parcel of the same basket: reducing carbon footprint. This new move with Hydrogen is due to be a huge business in the future with the focus on carbon neutral. It may be a prerequisite to any sale, that the mines use sustainable energy.

I’m surprised we haven’t had anything on “crypto mining” yet, considering it’s an area that DS has a keen interest. Maybe that could be something linked to the sale.

I always find it odd that they discount the NPV by 50% for no particular reason. Although, 16.72p after the 50% reduction is quite a satisfying number.

The biggest thing for BMV will be obtaining a JORC. If it shows the resource is considerably larger than that identified in the KORES report, as the BoD believe it will be, the value of the mines will increase greatly as it would show long and sustained profits are to be made. It would also be very attractive to any potential purchasers.

Yes the options will remain and under their existing terms. If the results come good from the KSZ, it wouldn’t be a bad way at all for his retirement to start.

I only skimmed through the prospectus the other day, but looked a little more in-depth this evening.

One of the main things that grabbed my attention was that the Auric funding is conditional on a gold contract being signed. The document does state though, that “In November 2021 the Company entered into this gold sale contract with Auric”. The $353,300 in tranches Auric provided before this date were therefore at its own risk.

The biggest risk to BMV is receiving the funding, but getting the gold sale contract signed only last month indicates that Auric are still keen on the deal.

The report also indicates that works are only able to commence at Kochang, once funding is received. To the select few that have criticised BMV’s lack of progress since signing the agreement earlier in the year with SAU, BMV wasn’t able to progress works further until funding is received. As the above showed, it could not receive funding until the gold sale contract was signed… which was sorted last month.

The next batch of news we need to have now is for a further tranche of funding, which is going to be the green light for works progressing on site.

Unusual to see green boxes on a blue day. Is Braindead still trying to persuade people that BMV are under FCA investigation and are about to get delisted? Even though the FCA has just approved the prospectus…

Well the SAU BoD seem happy the deals gone through. I doubt it’s shareholders are though, with the shares being issued at such a premium to today’s price.

http://www.southerngold.com.au/uploads/announcements/490/20211221%20BMV%20issues%20Shares%20to%20SAU.pdf

Seems to be conflicting dates as to when the shares are getting issued though:

The BMV announcement said “expected to be admitted to trading at 8.00 a.m. on Wednesday, 06 January 2022”.

The SAU announcement says “Ordinary Shares are expected to be admitted to trading at 8.00 am on Wednesday,22nd December 2021”.

Max, the recent rise had nothing to do with the new website, so that won’t be the reason behind any drop.

It’s very unlikely the new website will be brought online until a production timescale has been released. At this stage it would just be wasted money until the company has something new to post about.

The main thing here is that now the deal has been finalised by approval of the Prospectus, BMV is currently trading at below NAV. For a gold miner due to commence production it represents a huge upside potential, especially given the current gold price and that the report on feasibility was based on a gold price of circa $1300.

JC it’s been a long 24 months, with the lack of comms by BMV as funding was sorted and the sale going through.

In hindsight though it was worth it, funding was sorted on extremely good terms and the acquisition of SAU’s 50% was done on an all share basis, at a sum lower than it was valued at.

Once South Korea gets over this surge of Covid-19 cases it’s having, our wait will hopefully have been worth it.

Yeh credit to Brookie for his hard work copy and pasting my post lol.

I don’t know how much research you’ve done on BMV to date, but it’s the reason why the shares are being issued that has made this rise 100% over the last 2nr trading days and made it hit 5.6p just over 12 months ago.

The rise already and the further potential here isn’t just because shares are being issued onto the market.