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Any company that uses a Riverfort finance facility makes it a high probability short trade as the share price usually gets destroyed. I've seen it happen time & time again. It is a sign of desperation that a company has to resort to death spiral finance

Market cap is ridiculously low here when you take into the account the cash and financial investments held by the company

The market is asleep. It's obviously a very significant discovery for Oriole. Finding high grade gold at surface is a fantastic development and shows the huge potential of the licences.

Despite the share price being at a ridiculously low level which fails to reflect the excellent MRE at Bibemi and the prospectivity of the CLP it will be sure to grab the attention of people in the industry, especially larger gold companies.

0.35p

Increasing phosphate price is very positive for KRS

https://ycharts.com/indicators/morocco_phosphate_rock_price

Price action this morning suggests big seller is done. Share price should bounce

later when TR1 released

There have been 10 issue of equity/dilution RNSs this year which let the share price falling by around 65%. The RNSs suddenly stopped at the end of May as the company ran out of headroom to issue new shares. The company then announced a general meeting to increase the headroom. Now the resolutions have been approved we will see a resumption of the issue of equity RNSs

I thought the opposite. It would have been bullish for the share price if shareholders had voted down the resolutions. Now there is nothing to stop Diversified and Riverfort forward selling shares into the market and announcing conversions at a lower share price

Dilution resolutions approved. Only 10% voted against further dilution

Hope you all voted against further dilution in the meeting today. It will be interesting to see how many votes were cast against the additional shares being issued

I was hoping the share price would push on today but there seems to be lots of selling in the background possibly by the 2 death spiral finance providers. It will be interesting to see how many shares are issued next week after the shareholder meeting on Monday. The finance providers are able to have shares issued around the lows at 11 or 12p and sell into the market for a 100% profit at present.

I think your figures are incorrect Zumore. The resolutions to be voted on Monday are for 586,483,400 new shares to be issued

The share price was trading around 0.6p towards the end of last year during when there were meetings in DRC regarding the arbitration. Now we know the arbitration decision has been made in RRR's favour and just needs signing plus the company is about to start selling lithium

Today's rise was just about the start of the income stream from lithium production.

The interview was only released just before the market close so there should be big demand for shares tomorrow as it looks like the arbitration case is finally being settled in RRR's favour

Blimey, it sounds like it's all coming together at the same time.

Mr Bell said annual earnings from the lithium alone could be as much as the current market cap of the company.

And as if that wasn't enough, he revealed that there was an important meeting in DRC today and everything seems to be going the company's way and he hopes to be able to release very good news on that shortly. Looks like the company will finally receive the $15million it is owed and then it can move on to make a further claim for loss of a very valuable asset

It took the company a long time to release an RNS about this licence.

We've know about it for a while now

I'd expect a steep discount on any sale as it's a bad time to offload them as it will be considered a distressed sale. From the annual report:

"While our Egyptian assets continue to produce, at present Egypt is a challenging operating environment for energy companies with sharp devaluation in the value of the currency, which has impacted the dollar value of the cash we hold there, and severe limitations on our ability to transfer funds out of the country due to capital controls."

Looks like Colin is trying to pump up the share price before a placing. We know one is coming after the annual report was released:

"An operating loss is expected in the year subsequent to the date of these accounts and as a result the Company will need to raise funding to provide additional working capital to finance its ongoing activities. The management team has successfully raised funding for exploration projects in the past, but there is no guarantee that adequate funds will be available when needed in the future."

The feasibility study is based on a very high grade area of the deposit containing 27.6 million tonnes at 22.3% titanium, 0.57% vanadium and 43.7% iron ore. Presumably the lower grade areas of the deposit are not thought economic to mine at present

I had a good read of the PFS for the Barrambie project. It is based on a titanium grade of 22.3% with 0.57% vanadium and 43.7% iron ore so not very comparable with Pitfield based on the drilling results. I think given what Shaun Bunn has said in the interviews the focus is still very much on finding a copper deposit at Pitfield. If he really thought the company had just discovered a large titanium deposit that would be commercial to extract then I think the focus would have switched to that.

Hopefully he will get what he is looking for in the next drilling campaign!