Member Info for NicetoMichu

looking forward to when your sarcasm is half as potent as your share price dreaminess here swingy :-)

The very hard bit in Nigeria longshorttrade does indeed seem to be save.l being confident that they're signing up a new customer that's going to pay what's owed in a timely fashion.. very complicated as it's dependent on that potential customers customer paying them and their customers customer paying them etc ..and generally, the concept of only paying when it suits seems embedded in the DNA of the country to me .. look at the end to end of the national grid for eg.. thank goodness for the governments strategic investment funds and save.l being a key strategic component of the national grid jigsaw..

V good/progressive alluvial and other gold no's in last q in fairness.. and 2022 looking like - at last - to be the year for strong africa revenue to come to pass.... and a lot of this s/p is clearly about Africa imho..

Re BUSHRANGER: The man has a clear plan and knows his onions - and sundry other fruit - in this space, excellently.. so I'm very pleased indeed Zak .

Re s/p moving well past 5'sp asap: To me we need plenty more assay grades results to understand when 2m tonnes open pit mine at 'racehorse' is likely to be nailed on .. he said in this mornings strong vox interview that they are focused on continuing drilling there in the short term and so plenty of ongoing opportunity to get a clear view on 2m open pittable tonnes being there by early q2 if not in q1 .. that copper level there could of course be clear in q1 too.. but plenty more assays rsults need seeing for more money to flow in here imho

Generally, I'm bored of hearing the market is stupid.. I've been playng this AIM commodities game a pretty long time now and the more I play the more I understand the market to be a lot less stupid than I previously though it was..the market is simply cautious from endless bitter cross sector AIM experiences and so needs proof positive.. and right now is simply saying show me the assay results en masse Mr Colin Bird to allow me make a more informed decision....

it just dawned on me that the 'green' might be for quality weed as opposed to naiviety .. although..

Fine posting here over the w/e and much appreciated all, especially t1995 and chique.. back and forths like that help come up with somewhat realistic expectations as to what the fundmanetals indicate a s/p could get to when..etc..and are far more useful than the uber bull gang focusing on rosiest roses only and disregarding anything that even vageuly resembles a thorn, in a race to see who can come up with the biggest s/p number to make each other feel great... ( and 4 times out of 5 on AIM the bigger the number the wronger their prediction ends up being as a rule, alas )

More generally, some key variables at the core of the fundamanetals make a big difference .. eg unit sales price and/or key cost driver lines and/or accounting standards ..etc.. so even semingly well analysed fundamental based s/p forecasting can often easily be off a lot versus reality, altogether .. especially also including smoke and mirrors management information sharing that AIM co's are famous for..

Also, fundamentals are only one facet of a share price performance .. especially an illiquid share on AIM.. momentum based on sentiment, in either directon, can be a very big driver of s/p.. and active traders getting involved as a share price rises generally sees lots of retraces into any ralling situation towards short term profit taking ..etc..

My overall feeling here is that this business is now heading in a very positive direction, and 5p -6p ish current s/p in that context is a lowly share price by most any definition .. so I'm fine with being on board here around that price and would be thrilled to see this s/p at around 12p later in 2022 and around 20p later in 2023..

'just traders'

well that's an ok start hydrogen, in fairness .. although great if you leave out the 'just' the next time, as traders dominate in AIM O&G imho... (I'm not saying that's a good thing btw..)

ps;
''There are simply no sellers left. That selling killed this stock form 16p to 6p... they sold at the worst time. Anyone left is not selling. Anyone wanting to get in has to buy on market as we have £9m cash...
That's why we had the sharp retrace last time from 13p to 8p. But that selling is done. We're heading back to the 20s where we were before covid.''

I was tempted to sell some on Friday but when the GOAT says the above I thought why bother :-)

Great if you're very right here.. you might be.. but you might not be either ..

the share price is the benchmark the game is played against.. so the share price is everything ? ..

(and continues to speak for itself.. I've half an eye on this again now as i'd likely look to add some more back in 1.70's, if it went there, it may not ...and 1.50's would interest me much more seriously here.. but I'd be surprised if it went there.. )

Fair enough point Greendave - and Maestro - and fine post Catbert...

There is huge potential here for large scale gold and battery metals prove up, no doubt.. And this is 'Bill's baby' - well early stage teenager now, more like - so he'll want what he deems to be fair value for whatever sale(s) happen here whenever.... and that may mean plenty more drilling to prove up even a semi decent proportion of what's likely in the ground here..gold and or battery metals.. so, patience required.. or for those who have been here for a fair few years like me... more patience required.. or for those who have been here for many years.. I'll shut up now.

it could be double or whatever more.... sentiment is bad here and that needs to change.. hopefully it will soon enough.. I'm surprised this went sub 20p in first place.. and I say that as a big cynic .. but if some up momentum comes back here then momentum can beget momentum on the way up like it has on the way down..

My view remains the same now as what I offered recently previously on this Porschefund.. Ministers can simply say their deliberations are ongoing and they need more time.. and with activites ongoing for months yet to effect smooth ownership transfer save.l will say fine. (If they were to say not fine, Ministers can say back try that path and we'll just say no. And save.l will say, on reflection, whenever you're ready guys is fine by us...)

ps; And 'Consent may not be unreasonably withheld' is, of course, extremely open to interpretation imho

Altogether, I believe this deal will complete.. and if it's done by mid summer then that's a big result in my mind.. i say as It's africa .. if things can take longer, they generally will.. if they can take much longer, they generally will ... and I also exepct the market to think this way too and hence the s/p not price this completing remotely near fully in ahead of actual completion .. but they can still price it in a bit more than the close to not at all they have so far..and there are also other reasons this s/p can go up in the interim of course eg Nigeria business related reasons..

ps I added small more this morning.. im getting close to having doubled my bet here in recent weeks.. so Im certainly doing my bit here..

if it does extend the cash rumway in whatever shape or form - and it could of course, even if indirectly - then great if they'd said that in the RNS.. towards helping get some momentum back here... It can't be in a 'material' form or else they'd have said it for sure then.
this share is in a rut.. and decently progressive updates such as this seemingly aren't cutting it at this time, alas..

Why did you think 27p was holding firm?

So, from your posting altogether here Zengas, I'm getting a feeling that you might be thinking that we could possibly be on a winner with save.l ? :-)

This has been a nightmare share so far, no doubt rocktheworld.. but hopefully won't be going forward.. although who knows really.. apart from hydrogen of course :-)

Absolutely agreed that BETS such as this is for hard cor punters who can readily afford to lose.. you have to be prepared to lose some to win some in this game .. and a portion of my p/f is always in stocks like this - indeed at least 5 others like this at any one time and work on laws on averages.. which has gone well for me altogether so far, fortunately.. but includes car crashes as well as multi baggers as a rule...

ps: As well as buy and hold for a portion, I also dedicate a portion of my bet to range trading in stocks like this as a rule too.. so take some profits in big rises alongside a core holding for the journey..

'' whether its a JV or outright sale this year.. ''
I'm wondering if, perchance, you might have missed any other possible occurrances in your post there Dave ?
... no sale or JV and ongoing gold drilling campaign thru 22 and into 2023 even for eg

So I added some more.. and apologies in advance if this retraces now... I may well add more again if it does though..

It was hydrogens lack of bias here that decided it for me to add :-)

Thanks Hydrogen, great if you're right.. you might well be .. or you might not be, either.. these are the games we play

(I'll not sell any and may add some soon too, so.. and great if onedaymaybe can come back with a strong sell recommendation here to confirm my plan is a good one :-))

CB may well have had plenty of drill news to keep him going I expect, and in fairness to the labs and drilling teams... if yes, hopefully he'll decide to share a litlle or medium amount even of that news with us sometime in jan.. towards avoidance of jittery january

i never know whether to buy hold or sell in situations like this .. one in three chance of getting it right.. Towards making it one in two, what do you think ONEDAYMAYBE?