Member Info for Moneymaker2015

It will be interesting to see how they deal with Goldridge. With the exception of Christian they’re not Gold Miners, so would weigh heavily on him if it were to be brought into production. Production is still an option though. On the other hand, if all the data is good, they may be able to sell it on for a decent sum compared to the current mcap.

I definitely agree with the “low risk investment.....with large upside”. I like the ethos of going for low value assets with short lead times to revenues and upside potential. It means that for a few 100m shares they are able to obtain an asset and then generate money from it quickly. BritNRG has so far worked wonders, considering they only obtained the asset at the start of the year. With each of the assets singularly being fairly low value, the risk should one of them fail is fairly low.

You can’t help but think that if MNRG continues the way it has been going, that in a few years time it could have an mcap of tenfold what it is today.

I emailed Mr Morley-Kirk for an update. He said he has already asked the management team if they are able to release an announcement before month end regarding this. He was upfront about Covid restrictions slowing things down, along with the summer holidays, but he did clarify things have still been moving in the right direction since the last announcement.

To be fair to Thronegames, he’s made a very good already. He’s made a profit on his investment, that’s what we’re all here to do in the end of they.

On the counter to the biggest mistake he’s made: if the RNS doesn’t land (which we don’t have any reason to assume it will on Monday), what would likely happen to the share price based on what frequently happens Monday mornings after rises on the Friday?

Whilst I personally see selling on a Friday as more of a risk (if you do want to be a holder when news of a sale drops), it also represents the opportunity to sell in order to increase your holding the following week.

I’d missed this announcement, just seen ARK in my account was 20% up.

Some people will “try” and argue the big results are only 2m. That’s only over one hole though. ARK has been getting good results elsewhere too. Plus, regular intercepts over 0.5g/t will likely make Mine River economical as a whole.

I’m not quite sure why some comments are bad mouthing the BoD. They’re doing a good job, albeit slowly, but with very limited dilution thus far.

Oh and the “Zinc Project” that someone mentioned is a phenomenal asset to be a part of for a company of ARK’s size. Considering Glencore’s Pallas Green is across the road and Glencore now has a decent stake in Group 11, Stonepark will become a tier 1 operating asset. It’s just a matter of time. ARK won’t let their holding go on the cheap either.

Well I’ve just found out that things are progressing (as fast as can be with travel restrictions and summer holidays) and we should be getting an update before the end of the month.

I might have to have a little top-up on Monday whilst the price is loitering around 3p again because we all know how quick this jumps to 4p+ off the back of very little.

It is unusual here as it’s almost run like a private company, rather than one on the stock exchange. The bright side about this though, is the skin the BoD have in the game that you mention. They’ve avoided going to the market to raise funds, when 99% of companies would have done and they’ve avoided exploration initially in order to get the mine up and running, to then fund the further exploration through the money generated.

The way I keep looking at things is that news has been very positive over the last 2 years, there just hasn’t been much of it. Having a production start date would be nice, but the BoD will already have that in mind. The only reason why we as PI’s want to know it is because we’re impatient and see a period of little news as a bad thing. Being a BMV shareholder is definitely stressful due to the unknown, but the long term potential gains have not changed and will be worth the wait if things go as planned.

That is a substantial increase too. Makes you wonder if “Frank and Betty” know something we don’t…

The KCB alone substantiates KAV’s current mcap. It effectively means shareholders are getting the monumental prospect of the KSZ for free. It’s an absolute bargain as things currently stand.

I’ve been wondering when this would pick up again. The mcap was a reasonable £5m when MNRG just had the Gold Ridge waste dumps and the price of gold was lower. Now, there’s a chance that Gold Ridge could be a substantially bigger development, with higher gold prices. Plus, it owns 50% of the currently profitable BritNRG, which is looking to go up to 1000bopd next year, then the development with EQTEC, with the first project being commissioned early next year. Still having an mcap of just £5m is ludicrous!

You’ve got to keep in mind it hasn’t POW paid £75k in cash last year to KAV, so KAV has only had to pay out an additional £25k for the 5m shares in POW and now has the super warrants if you opt to purchase them in the future. Provided it can keep dilution to a minimum, POW represents a good investment due to the pure size each of its assets.

Same here. Having seen a few times just how quickly this stock moves due to the limited number of shares issued, I’d be having a banquet if it went to 2p again!

It’s a shame things have gone so quiet with the BoD here recently, albeit there isn’t any news they have until the mining / pre-works get going. 2 years ago there were announcements and interviews every couple of weeks. Hopefully next year will revert back to that kind of news flow, that’d get the share price moving!

Looks like KAV have just purchased 5,000,000 warrants shares in POW at a price of 2.0p and have now just been issued the replacement “Super Warrants” with the exercise price of 5p. I expect this will be announced by KAV first thing tomorrow also.

From what Pierpaolo was saying, it sounded as though there may be news of another acquisition before the year is out.

It is astonishing just how low the mcap is considering BritNRG has been confirmed as profitable and the plans it has for increasing production. MNRG’s mcap was around the same as it is now, before it gained 50% in BritNRG, meaning BritNRG effectively isn’t even valued in to the current share price. This upside potential here looks very good indeed, for the short, medium and long term.

Brains, “months” is a little misleading considering the last update was just over one month ago. To which the company stated;

“The initial work program is the refurbishment of the main entrance to the mine. This work will be undertaken by experienced local contractors. Site visits have taken place and planning is underway for the work to commence. This will take two months”.

That indicates there’s going to be news fairly soon relating to the commencement works.

Unfortunately it’s unlikely you’re going to be picking any shares up for 2p. There’s probably only myself and Jersey that were around during the 2p days. History has shown us that each time recently that it’s got to circa 3p, it’s very quickly and unexpectedly gone back up to around 4p.

It’s nice to see an update on BritNRG, hopefully these will become more frequent from now on. The £5m mcap is surprising. I haven’t checked, but it must be trading around NAV at this level, if not below that. I personally believe Gold Ridge will be quite profitable, although whether it will be a fairly quick & cheap sale or brought into production is the big question on that front.

If you’re happy to hold for a while MNRG is definitely a low risk / high reward stock at the current levels.

Yes, definitely out of the ordinary for BMV. You’ve got to have a lot of faith in a company to be putting those kind of sums into it.

Reg, you may need to double check those calculations again…

Keep in mind that upon listing BritNRG, MNRG aims to increase its holding from the current 50%, to 65%. At the same time it aims to be at the 1000bopd mark. That is absolutely huge considering the current mcap. Although, I think investors may get a little surprise in the next couple of months when the next lot of Gold Ridge news is released too. That project alone is likely to be worth more than the current mcap if all goes well.

I’ve been trying the same myself. The lack of information indicates that the timescale may be longer than many had originally hoped. It would be surprising if much happened before the Management travel to Korea in Q4. Bit of a shame considering how long things have taken already. Although, hopefully the wait we’ve had over the last couple of years should be worth it in a couple of years time.

It would likely be the downhole EM that would indicate whether the A-C corridor concept stands-up, which ideally would be done from both targets A and C. It makes sense to go for B next though because in relative terms, the company is only doing a small amount of drilling, so have try and find “the big one”. If 2nr holes are put in B, a choice can be made as to where any remaining holes are going to be, in order to show greatest potential deposit.

If the readings are very good are A and indicate the potential of an A-C corridor, the company would want to drill this now as it would be very attractive to a third party. Whereas if the data around both the holes in A are mixed, but B is outstanding, from KAV’s perspective, it would be better to put another couple of holes in B in order to further substantiate the concept. Even if both A and B produced positive results, I wouldn’t be surprised if the company just focussed on target B for the remainder of the drilling. It would be more cost effective and enable the company to package that area up independently (which BT has already indicated may happen). It can always go back to target C later down the line when it has more funding and vice versa with target B if the results aren’t outstanding.

I’ve been wondering this myself ref: the IPO. You would think the money raised from the IPO would be used to fund the drill programme. Although, if a smaller drill programme is conducted beforehand, assuming the results are good, it would enable to IPO to be done at a higher price and then those funds used to prove-up a resource.