Member Info for munchbox54

Mike u make a good point becsusevof the delays that have occurred. I understand the fact toro is saying end of year is feasible. Just one question ...... WHERE IS THE FUNDING for this ? As mike said chad is suddenly non existent but ... wait for it ..... we have multi jurisdictions with multi teams ON SITE so who’s paying for what ? And now they put in weather ..... oh well. Looks like the amount of shares traded today on the “VERY GOOD rns” tells u everything u need to know.

Don’t worry about it toro. Good luck with your investment here.

Just realise it’s a BB , people have different opinions. Just because Adam ski and others sold out now they trolls ??? Let’s see how today’s blockbuster RNS with more significant findings will effectvthe sp. you luv the stock - I get it , a few others like hfox know a lot about irr - I get it and hopefully you guys will Make lots of money if all your research comes to fruition but at this moment in time ..... after all the hype that was initially given it’s NOT working out. There’s been many sells recently so obviously someone is cheesed off and feels that at 14p the shares are worth selling. Good luck with your investments in IRR but I get the feeling this one big happy family will come across many unexpected dramas. Good luck. They should be pushing chad with gold up so much.

https://www.wealthadviser.co/Sharps-Pixley-predicts-possible-bull-run-gold I’m luving this bit ......Norman believes that the gold price has formed enough of a base to break through USD1360 an ounce. “Everything changes once we break through USD1360; it is the mother of all resistance levels. “In my view, in 2019 we will challenge that level. We have already reached USD1346, in February. Once we breach that, we should see a steady rise to around USD1800 an ounce.”

Thanks Nero. Actually reading the rns again it does state the process is on the way NOT that they have been submitted. Also I read up on other rns just to jog my memory and feel the NDA is NOT associated with the small feeder outs as the samples were taken from laindias main pit which is permitted. If the samples were from the smaller Pits then you could say B2 were waiting for the green light but they were from the main pit. Simms it looks like another 3-4 months until the small feeder pits rns comes through. I’m sure many will agree but I can’t see the NDA lasting another 4-6 months and will MC notify us of the outcome regardless.

Looking at this stock. Anyone care to give us a quick insight of what’s the fuss here ??? Cheers.

Hfox. We are not here to live with each other or rent a room, everyone is here to make money. You always seem to have that sweet sugar coated answer. You always seem to look at the positives which is a classic trap for a failing stock. Finally I don’t wish to rub salt in open wounds here but what happens IF one of the 3 largest holders decide to dump their shares ??? Or will they not even think about it in their wildest dreams because CM is the best ceo going about now ??? Be careful here. That’s all I say.

Booooooooommmmmmmmmm. We have lift off here. Let’s goooooooo!!!! $1354 and rising.

Let’s hope so slim. Would be nice to get another 5% spike today and through 22p. Looking like the perfect storm here .... sp at 23-25p when toll with b2 drops could easily see 35p on the day and a good base to start moving forward.

Dalester. I understand what you are feeling. I held but sold out completely around 19-21p after watching many vm videos and getting convinced. To be honest I think this is the best thing that can happen ..... how? Falling sp is the best thing ? Yes, after investing at 20p himself it’s about time for you guys invested that he get his fat fingers out of his ar se and address the situation. Good luck guys, hope things work out for you here but regardless of what happens I would not invest here for a number of personal reasons the company has broken starting with the Ghana update. God knows what they are digging or what they are using to dig it .... must be manual bucket and spades. I’m off. No offence intended.

Seen a nice bounce today from $1332 and back above -$1341. We need to break above $1350-60 and stay above it for consolidation.

Well said. The only difference fferehce I see is production with a local miner is a 20% rise that gets sold off. A production agreement with B2 would get a min 40% + and selling would then create buying opportunities for speculators / brokers ehinwill think this is the first step to a potential t/o in the future and even not so .... the credibility of B2 and it’s size will see the sp gain positive momentum. I really hope the toll is with B2

I’m happy for u mate. Excellent timing. Anychane I can have some for 17p loool.

Hi seingred. I think a better accurate analysis of them producers shows a different picture. For example of hum shows they only JUST got towards the $900 mark but look at latest rns of production numbers ..... Operational Overview · 23,807 ounces ('oz') of gold poured in Q1 2019 (up 33% from 17,895 oz in Q4 2018) · Average mill feed grade of 2.46 g/t (1.91 g/t in Q4 2018) · AISC of US$1,297/oz (down 23% from US$1,677/oz in Q4 2018) · Second ball mill construction at Yanfolila remains on budget and on schedule for completion in Q3 2019 · Total recorded injury frequency rate ('TRIFR') of 3.77 Corporate Overview at end of Q1 2019 · Cash of US$13m (US$21m at end of Q4 2018) · Bank debt of US$56m (US$61m at end of Q4 2018) Just be careful there because the aisc can fluctuate and hence market has punished the sp since production. Then you have AAZ which has a market cap closer to £130m not 100m. The extra £30m represents 30p on the cnr so if you were to compare. It’s aisc is about $600, that M/C is nearly 10x condors and to think we could get toll deal through shows there’s considerable gains to be had here. First things first, we need that toll deal to get us some money !!

Ekectriclion. I get the point with RB so why does he only have a £750k investment if he’s looking for big returns ? That was my pint in terms of increasing their %. I’m sorry but I strongly disagree with the theory that RB and JM are here for the longer term, probably Jim is interested hence his recent dividend money investment but we need to be REALISTIC and say MC is carrying condor and he calls the shots. Also you mention £600m market cap and the profit which sounds amazing ..... How will they get there ? At what cost ? Doubling / trebling of shares in issue hence market cap increases also. Debt ? Repayments ? As seingred mentioned you have 100k - 150k producers valued at £200m or so and I can’t really see the increase as you put it otherwise the big investors would have been all over this. For me there’s 2 options. 1, b2 cash offer - short term 2, toll agreement or debt finance and production long term. There’s no other way — I’m my opinion.

Nero you have. Point but listen to this Nd maybe you will see different !!!! Is this the only company RB andJM have money invested ? Probably their least amount portfolio and $ terms. Does it make a different if they get a cheque for $5m or $10m ..... probably not. Is this the only investment for MC .... YES and will he accept a low ball offer .... NO but as I’ve mentioned before any takeover would involve MC STAYING on the new company bod or with a position to see it through hence he’s still in charge of his work and eases the load on ceo Johnson. You have to understand that investors move around, they win some and they lose some, no investor is with any 1 stock forever hence we have all been praying that the sellers were not either JM or RB. I’m terms of valuation it’s hard be political issues and then B2 have mover / mine advantage to negotiate a price and MC has the funding issue to deal with. It’s a good argument for and against here but I would be too set on RB or JM having as much influence as MC here. I’m sure MC calls the shots and personally as a few have pointed out here.... I would like to see them ADD to their positions if what Beto reckons is a figure they won’t accept. Why have they not turned their 5%-10% holdings in to 10-15% ???? Its good to be optimistic but you must always be REALISTIC and understand that nothing is set in stone. Let’s get toll agreed or clarify what this NDA is about and then think about finding the mine but me personally would also luv a cash offer so let’s see what Santa brings us. Ho ho ho

Willowman - what you have stated could be spot on but it all depends on sentiment. If gold gets the push we hope for then $1500 is on the cards and with that a toll deal for production would look amazing on the balance sheet. That would cause the sp to rocket along with achieving gold sake prices of $1400+ and the strong sp. I’m with seingred on this, I think B2 would probably pay £50-60m now rather than see the company valued at £200m in a few years time, I’m only basing this valuation on a gold price significantly higher than the current price. If gold and gold miners come back in to fashion towards year end and we get the toll to produce by then as MC said it would take 4 months post agreement then it could just be the perfect storm to achieve maximum value. Only thing I can see which can also be seen as a positive is the sells that will come through as many have accumulated at low prices. Atleast we will get the change to sell when we wish, I wonder what next week has in store. NDA would only take this long if is what a serious matter, a simple toll agreement would be ironed out very quickly especially after the independent grades B2 took and verified. Good luck. Glad we are seeing positive vibes here, just need the permits and the toll news to get the wheels in motion here.

Gold has broken major resistance of $1350 which is excellent news. If this holds in to the weekend and early next week then we are looking at no stopping until $1500 and then if that goes $1700. My gosh if MC can announce a toll agreement within the next 2 weeks I feel the market makers would seriously give this sp a big mark up ..... previously I was thinking a 20-30% mark up but now I can see a 50% mark up with all this gold news buzzing around. Good luck MC, think the delay might have just played a blinder for the sp. amazing how sentiment can change within a few days. Gold is now in okay big time. Needs to stay above $1350 for the major spike to kick in.

Opulentia. I don’t know what mms your talking about but the ones here who have hoovered the shares at 17p will not sell them back into this market above 21p ??? Is that what your saying ? Or the mms I know will Keep pushing the price up as long as buys keep coming in to mavimuse the 17p truck load they have !!!! News due anyday now. Permits first rns then the toll hopefully. We need gold to break $1350 for the ride ride upwards.

Is loading up here. Many 50k trades going in. Can see this pop tomorrow morning. Let’s hope this continues.