Member Info for NicetoMichu

Thanks PatBrown and unsurprising to me that good minds such as yours and AM90 think broadly alike on this.

After allowing myself some processing/thinking time, I'm reasonably on board with such bullishness too... but cavaet that with a nod to it still being very early in this drill exercise feedback process.

It would be interesting to hear if urbanracer for eg is also on board with such a plenty of million ounces of gold - and other metals too- likely to be found here view?

Somewhat surprising to me but very nice to see and long may it continue.. shame I sold out a smallish tranche of these at sub 2p.. ouch.. but I still have a medium size bet in play that's decently up now..
(and I now feel it appropriate I revise up my exit price target from 2.75 p to 3.5p.. and I'm very open to revising that up again :-))

top man AM90 and much appreciated on your posting.
This could indeed be MUCH larger than 1.3m ounces .. it seems nailed on to be a lot more to me ..

If it were 6m - and that's a huge if granted - then I'd expect this to be worth an awful lot more than 120p a share though .. double that or decently more again perhaps?

Question for Pat Brown if I may:

You say : My ‘back of a fag packet’ calculation suggests there could be 6m ozs+

I say : IN looking back through those RNS's I noticed that the stated goal of this Nov to April drill exercise was to increase estimated gold from 1m ounces to 1.3m ounces .. while I'm hoping the exercise is plenty more sucessful than that I'm wondering what type of cigarettes you have in that fag packet ? :-) (i.e. how did you get to that 6m ounces guesstimate please? )

Good post AM90 and it got me to look back over RNS's to actually figure out a few things:

There could be a fair few drilling result feedback RNS's over coming weeks/months , finishing up to approx 4 months from now... especially if they do - like today - 7 or 8 hole updates per RNS.. I'm guessing they'll batch drill hole feedback up a bit more going forward though, towards - at a wild guess - maybe an RNS per 10 or 15 holes ? (see below)

They split drill holes into Resource holes and Exploration holes and from start of drilling very approx mid Oct 2020/beg Nov 2020 time to todays RNS - which doesn't seem to be showing on here on LSE BB which doesn't help - they have done 21 resource holes and 24 exploration holes, for the 45 hioles now in total completed that you quote below ( they had done 30 by mid Jan 21 and 15 by early dec 2020 according to previous RNS's.. so averaging approx 12 holes a month )

Given the fact that the original drilling exercise was scheduled to run from Nov 2020 to April 2021, I'm thinking there could still be very approx 15 more holes still to be drilled - exercise started a bit ahead of plan in mid Oct I think so might finish in March now - for an overall total of very approx 60 drill holes

A problem that they have and is getting worse is the assay analysis labs are so inundated that their turnaround time has gone from 6-7 weeks in - approx- Q4 2020 to 8-10 weeks in Jan/Feb 2021... and that could slip a bit further in March I guess ( it was approx 3 weeks turnaround prior to this ongoing current Canada/Global gold rush )

These are the results from the first batch of assays sent to lab around mid/late Nov time I expect ...and as there are averaging completing a hole approx every 3 to 4 days - but a batch say, per todays RNS, of 7 hole outputs into every lab run I'd guess - there could be a fairly steady RNS flow from now til final holes analysis feedback around June time (we've had 7 out of very approx say 60 holes to be completed in total fed back so far?)

My guess is that some short term trader money left Lnd this morning as there was little action in early trading off the back of the RNS and they're thinking 8 to 10 weeks for next update. I'm hoing that more expert sector specific medium/long term money will flow in here when todays RNS is digested by competent analysts, and we see this tick on up well into 40's p in coming weeks. (And hot money that left today comes back in from sometime in March onwards in anticipation too )

All I can do to help here is keep topping up.. I did just now and expect I will do again in due course..

(generally the size holding I'm comfortable having here now is about double what I'd have been comfortable with at 1m recognised ounces and no big sprotts on display)

I still think this can readily get to 50p without even a sniff of any herd arrival.. and where it could go to if an RNS drops that brings the herd along is anybodies guess..

ps if all here who are excited by this mornings RNS top up too today then I'd guess this will end the day plenty blue instead of the - surprising - current red

‘Encouraging’ indeed.. very encouraging even ?!

I rate AC as a quality deal maker takeyourbets.. I don't rate him at all as a good implementation overseer.... The deals he's involved in can do MUCH for the share price just by completing them.. but the real gains will soon become smooth/quick implementations.. he needs the right team around him for that.. it's far from given in my mind he'll be able to get that quality of inmplementation management on board..especially for hard core African locations..

In my mind I break down our current share price and Market cap - 6p / 40m gbp .. both approx - into constituent parts as follows:

Manica : 3p (20m gbp Market Cap)
Eureka : .5p (3.33m gbp MC)
Bushranger: 2.5p (16.66m gbp MC)

By summer(ish) time the LEAST I expect -aka hope for - is:

Manica: 5p
Eureka: ?? (so a guess which I pitch at mid point between bad case and good case - note: NOT worst - always 0 - and best case btw - in my mind : 2p)
Bushranger ???? (so a guess which I pitch at mid point between bad case and good case - note: NOT worst - always 0 - and best case btw - in my mind: 7.5p)

Total 14.5 p (97m gbp Market Cap)

(Aside: Bushranger is the key driver of any BEST CASE scenarioing I might also offer - i.e. on top of the afore 'good case' scenarioing - for this s/p by summerish time.. too big a guess to even offer a number I suggest... but where's the fun in that... so I'll go Bushranger 22p (Approx 150m gbp Market Cap) and the Africa assets in total another 10p on top (Approx 67m gbp Market Cap) ...giving, in total, 'just the' 32p share price (approx 217m gbp Market Cap) :-))

if the one and only Mr Colin Bird can seed good updates in on our Africa assets over the next 6 weeks too.. towards keeping a steady flow of progressive RNS's coming across the gambit of the strong asset base 'ere.... sundry Manica projects and Africa copper..

wow.. lovely to see for the long suffering.. and me too .. long may this ppc s/p rally continue.... 3p for eg here is February would not be a stretch target in the mind of many.. and me... to an extent.... too..

my apologies lutefish .. it's London Main Market not AIM.. and generally, of course, I should have looked into this more ahead of posting in the first place

(But I still see clear potential for good upside from here.. even accepting my original market cap calc. errors will see my exit price target as a lot lower now than it previously was and also accepting that this is a markedly less compelling bet to me now than I first though it to be... I also note that my bet here is from profits taken from elswhere anyway and so even if i do badly here I'm not overly concerned.... altogether, while I see this as a very high risk bet, I still reasonably like it)

Nice to see this punk share going up today.. long suffering here deserve a break.. I've not bought back in but towards looking to figure any front running opportunities that might arise I ask Is that you starting to buy back in here today BobShempsky ? :-)

https://www.bing.com/videos/search?q=whats+that+coming+over+the+hill+RSMV+video&docid=608050542371932046&mid=FEBE6A59AB9419849B40FEBE6A59AB9419849B40&view=detail&FORM=VIRE

indeed Mroberts.. ( and was listed on TSX also but delisted there last year)
Zena is the Olso ticker and seems to have a market cap equiv to very approx 11m gbp and AIM listing has a market cap of very approx 3.5m gbp.. so getting on for 15m gbp altogether.. so sincere apols for claiming the Market cap here to be approx 4m in a recent previous posting.. a meaningful difference... and i'll revise my Market Cap future potential fair value/exit targets accordingly..

Indeed Andrew, (first stop for that bus is a short look into the Bush(ranger).. and second stop is Weatherspoons BazVegas :-))

x paid, y paid z paid.. signs the herd are here?

(apols for typos btw... should read : 'erd 'ere.. ......and 'eard 'erd in my last post )

anyboy heard the herd approcahing ?

interesting .. how high can this punk go without news..decently higher than 50p i'd guess ..just need more herd.. cummon Haso, you know it makes sense..and lets hope the US players get out the right side of the bed again today....else 45p sells might look good soon enough...