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Right?

If you'd have made that decision a month ago you'd have got 1 GGP for 45 of your EUA, now you need to use 75.

Your timing is as bad as mine!

Bye

Putin won't be going to Kyiv unless it's to accept Zelensky's unconditional surrender, I'm afraid.

Nevertheless, I'm making a prediction that one way or the other, the killing will be over by Christmas (I know how historically ominous that prediction is) either through peaceful stalemate, pressure from China, Russian people's revolt etc, but not a formal peace deal...not while Putin is still alive unfortunately.

Hi Kolonik

Yes, I saw the previous posts about the successful steam extraction trial (which inspired me to add a few more last week) but your observation is a very astute and insightful one.

Ticking up nicely now.

Fingers crossed amd all that

...what's with all the trades? 79 so far, must be more than last week combined. Maybe not in volume terms, but am I missing something?

Spikey, the 'mucky work' comes out of the remaining 90c on the $. Was I not clear enough for you or are you so blinded by your agenda that you choose to ignore it?

EUA isn't a miner (essentially), it's an explorer and that's what exploration companies do; find assets and sell them on, for someone else to do the 'mucky work'.

But to repeat, it's moot until the war ends and Russian markets reopen, AIX or no AIX.

Correct Spikey. So isn't lucky there's businesses out there prepared to give 10c on the $ to do the mucky work.

Oh, there is the 'small' matter of ending a war first though, granted.

Because you can only see the published settled trades, not the unfilled/outstanding and off book (OTC) orders.

Us plebs are privy to only what the market has to or wants us to see. The real money moves outside of retail.

Tap on the head & shoulders symbol at top of page (your account) and then select 'home', then search box at top of page, type in name you're looking for.

Just waiting on the judge to confirm turning off the life support. We're just like family members waiting for the inevitable.

Hi Copper

I've posted this before, it's from last year, but as nothing has changed or been announced I suppose it's still relevant. Not sure what Chris thinks about this asset ie to sell or develop, but think it's obvious to say all focus is on the proposed RTO, especially given the Goldridge disposal.

I it's going to need some money (which I suppose explains the lack of updates) but with the ban lifted, our option to acquire more and China's (next door) demand as it frantically builds nuclear reactors, it seems like it's 'got legs' imo.

https://www.proactiveinvestors.co.uk/companies/news/1049922/metalnrg-to-review-uranium-project-as-kyrgyzstan-ban-is-lifted-1049922.html

Nice work Casper, all but formally announcing it imo.

A raise is a moot point. The real question is whether there's significant mineable Gold assets. There either is; and we possibly need more cash to exploit what we have (there are other options then such as farm out, loans etc) and who would care, as the price would go parabolic. Or, we don't have significant Gold and we need to carry on looking.

So you're not 'gambling' on a raise, but on whether there's Gold or not.

Simple. Ignore the deramper noise.

Thanks, interesting.

Was that your 15m buy?

😉

Lot of stock been dumped last few trading sessions, no doubt a combination of boredom, frustration and a strong suspicion the begging bowl will be getting handed back around soon to collect next year's salary, and add to the already near 4bn shares issued?!

Cyber,

Yes, now have 'fighting funds' in the bank, c£400k (though not seen it confirmed yet).

Re price, were not exactly comparing apples with apples here ie Morocco vs Australia, Copper vs Silica nor do we know the structure of the RTO yet.

Having said that, we reached 50-60p last time without the full deal structure disclosed.

Also, probably a number of people who invested last time who will be looking to recover their capital at the first opportunity, which will probably dampen any rumour/indefinite news pride rise.

We continue to wait, but (imo only) if we start to see the price drift below 9p, it's bad/no news, above 11p and there might be good news on the horizon.

Fingers crossed eh

Orange,

AI doesn't disagree entirely with your comments and observations, ie...

​"Grade Decrease with Depth: While not always the case, it's a common geological observation that ore grades can decrease with depth in some mineral systems. This is related to the nature of the mineralizing fluids and the geological processes that formed the deposit."

It then goes on to state...

"However, as noted, exceptions exist, particularly in multi-phase systems where later events have enriched the deeper parts of the deposit."

So I asked if GGP has 'multi-phase' assets, to which it replied...

"Greatland's primary assets in the Paterson region of Western Australia, including the Havieron project, are characterized by multi-phase mineralization. For example, the Havieron deposit contains both gold and copper, making it a polymetallic system. This multi-phase geological nature is what makes such deposits attractive to miners, as it diversifies the revenue stream and mitigates risk."

Happy days 💰 🤑 👍

Cat, here's the AI answer to your rhetorical question...

The presence of arsenopyrite at the Red Setter site is a significant indicator for gold discovery because the mineral is a well-known host for gold in many deposits globally. Arsenic plays a crucial role in concentrating gold, acting like a "pump" that allows gold to become chemically bound within the arsenopyrite mineral structure. This "invisible gold" is not visible to the naked eye but can make up a substantial portion of the gold resource. The association of gold with arsenopyrite has been recognized by geologists for centuries, and its discovery at Red Setter points to the potential for a substantial gold-bearing system.

​Significance of Telfer's Reef Structures

​At the Telfer mine, the reef structures are significant because they are the primary, high-grade gold and copper orebodies. They are vertically stacked, thin, stratiform, and stratabound orebodies (meaning they are parallel or contained within specific rock layers) centered on anticlinal hinges. These reefs are linked by lower-grade stockwork vein arrays and sheeted vein sets, which together form a very large gold-copper system. The reefs are crucial because they represent the most concentrated zones of mineralization, making them the primary targets for mining operations.

​Reef Structures at Red Setter

​While the Red Setter deposit is being explored for its "Telfer-style" mineralization, information from public announcements indicates that the mineralization consists of quartz-carbonate-sulfide veins with some arsenopyrite. The veining is described as "similar to the ore at Telfer where the combination of bedding concordant reef veins and discordant veins have produced a very large gold copper system." However, the exact number of distinct "reef structures" at Red Setter has not been publicly stated as of late 2024. The focus of the exploration announcements has been on the potential for a deeper, "Telfer style" dome structure and the presence of extensive hydrothermal activity, which could indicate the presence of such reefs in the future.

Hi Costa, here's a reply I gave to another poster asking the same question (my understanding at least)...

Finn, the bid/ask spread is tracked through the day and the trades are guessed at (I've had sells logged as buys and vice versa many a time). When a late reported/unknown trade lands the system has zero idea what the spread was at the time, it only knows when the trade took place and how much.

You can try and work it out yourself if you take the time stamp and go back and look at what the spread was at that time, but even then it's not fool proof as some the big orders you see take some time to fill and only drop when completed.