Member Info for Moneymaker2015

Wow, just seen this on KAV’s Twitter. That reading is a huge increase! As much as I hate waiting, hopefully KAV will hold back on releasing any assay results until results from all holes are in, then release one absolutely stellar RNS early in the new year, with everything in… even a potential JV with a major!

Depends how long you’re willing to wait…

1st year production target is 10k oz Au.
5th year production target is 100k oz Au.

Myself I’m here for the long term as I’ve always said (I’ve been here 3 years already!). I tend to find it pays off better. As a comparison, I’ve held EUA for 5+ years now and have seen that rise from 0.5p to where is is today.

This research now will give you an idea of some of BMV’s potential if/when it finally gets into production:

http://www.alignresearch.co.uk/cpt-company/bluebird-merchant-ventures/

3p again now, about time too. Those the jumped-in or topped-up two days ago around 1.5p have made a nice little margin already.

That link is just showing MNRG’s holding in the Italian energy project. It’s separate to the EQT share transaction announced yesterday. That one particular project does however account for circa 20% of MNRG’s current mcap.

To be fair to the BoD, they do deliver, sometimes it just takes a little longer than most would prefer.

So much for Brainsparks constant deramping about BMV being under FCA investigation that will force them to delist… this is just proof that his comments can’t be trusted and he really doesn’t have a clue.

The Prospectus has just been approved!

https://marketsecurities.fca.org.uk/

On my comment “the feasibility study was based off a gold price of sub $1300/oz”, I’ve found HUM to be a good bench mark in the long term.

HUM is producing circa 100k oz per annum and last year had a $1,147/oz All in Sustaining Cost ("AISC"). This provided it with an After-Tax Profit of US$25.2 million. Whilst not outstanding, it’s a useful benchmark when you consider that HUM wouldn’t be able to operate at $1300/oz, never mind be profitable, as BMV would be. Every $100/oz lower that BMV is able to extract its 100k oz target would provide an additional $10m of profit (less tax).

As HUM’s current mcap is £56m, if BMV does achieve its target production, it’s mcap will more than likely be considerably higher than this figure.

Having had a few stocks that I’ve held long term, when there has been some lows (as we’ve had the majority of this year), it makes the upside even sweeter once it arrives. As you say JC, if/when our patience is rewarded, it will hopefully have all been worth it.

It was inevitable this was going to increase again. As the SAU shares are a at a premium, even to today’s price, it will drag the average issued share price up just on approval from the FCA alone.

Think of the margins this has increased by, just over the last couple of days. Now, just imagine if a new website came out, a production date was given and the company started doing some PR again!

by positive news on “it’s” projects, I mean MNRG could lead to a tenfold return

It’s not a bad transaction for MNRG, but I’m wary with EQT. It hemorrhages money and there’s also a lot of dilution. It just seems a prime target for a consolidation, which shareholders, ie MNRG, nearly always lose out.

At the share price of the transactions, EQT definitely got the better end of the deal. Positive news on any of its projects could quite easily lead to a tenfold return, the likelihood of EQT providing a tenfold return in the near term is significantly lower.

The wording in the PAF RNS indicates that it is only acquiring the Blyvoor Gold Operations (Pty) Ltd share capital, so separate to any agreement KAV is involved.

It’s mind boggling that BGO has received a suitable offer for Blyvoor, yet all LC has achieved is a failed IPO.

I’m losing my hope of Haneti now, especially after Imweru was given away for next to nothing.

Great find Kenny, considering that was based upon a gold price of $1100, the value has increased considerably. As much as I originally didn’t want MNRG to prove-up a resource due to the costs involved, it may now be the best way forward at Gold Ridge, to unlock its true value. It would be nice if some form of production was able to commence alongside this though.

The BOD have also done a pretty good job in sky rocketing the share price from the 0.5p it was at just over 2 years ago too…

I’m guessing you mean 1.5p? lol.

Yes to be fair, considering the current production rate at BritNRG, that would be worth at least 1p alone at the current mcap. Goldridge is any bodies guess though, £5m, £20m? who knows, only time will tell.

Ronald:

“hopefully enough money left in the pot for the director salaries”. The directors have been sacrificing a large portion of their salaries over the last two years, so will likely do the same if required, which if you had done any research you would know.

“Won't be long before the travel restrictions card is being played again as the cause for the lack of progress”. Considering South Korea has been hit harder this week than any week since the pandemic began, you would have to be very naive to think otherwise. I fully expect not to hear anything in relation to production starting until at least March. Anything earlier than that would be a huge bonus.

Making comments like those, it’s no wonder you lost money on DISH. It’s a shame you blame Aidan for your own failings as an investor though. You need to grow a pair and take it on the chin, rather than trying to troll a board you have no investment.

It was either a hasty decision in general or it’s because that is how the underlying issue had to be communicated to shareholders (with it being price sensitive), but they were hoping for an amicable solution. It will be interesting to see how the BritNRG fiasco pans out in the end.

Well Rolf is confident that the issue with BritNRG will reach “a solution that makes sense to everyone”. It sounds as though they are trying to come to a resolution over the problem, rather than just putting up the barriers, which is a good sign. Hopefully it’s something that will be advantageous to shareholders.

https://mobile.twitter.com/i/broadcasts/1zqKVBnQQXXKB

Considering a couple of years ago the mcap was £5m and it only had Goldridge, it’s actually in a better position now but the mcap is considerably lower. I’d say the biggest risk here is that we don’t know the size of the resource at Goldridge, so investors can’t put a value against it. However, on the balance of probability, as you say, it is likely to worth more than £3m.

All going well, in 2022 we won’t have to read between the lines. The Prospectus will hopefully have gone through FCA approval with no issues, the website will be up & running and production will have commenced.

Covid-19 will still be an issue. Travel restrictions into SK until recently would have inevitably made things more difficult, but SK is currently (with the last 2 weeks) getting hit with its worst Covid-19 outbreak since the pandemic began. Unfortunately, Covid-19 is getting to the point that the world is going to have to live with it, with the possibility of further variants being discovered in the future. Hopefully, once SK gets over this peak in cases, BMV may be in a position to get things moving on the ground.