Member Info for panda1

They needed to sell EH so it could be developed quickly and brought back into production. There was little point selling it to another tiny company that will take ages to do much due to lack of capital. I think it would have been better to have held on to it in case there was a big increase in the silver price that would have got the UFO share price up. This is a pointless deal for shareholders and smacks of desperation

what a terrible deal for a silver mine in a precious metals bull market.

it certainly shows you can't trust the directors to secure a deal for han**** on good terms for shareholders

May be better to hedge by buying out of the money puts so the company will continue to enjoy the upside from a rising gold price but will have some downside protection as insurance

Looks like Myles has invested in #THX. He has a big following so should see lots of other people buy into THX https://x.com/MylesMcNulty/status/1900491886986457172?t=6inihbIyM_CQKhD5XRuYJA&s=19

The Riversgold share price has performed badly on the ASX and the market cap is only just over £1million.

Riversgold owns 80% of the project and Aussie investors tend to be more knowledgeable about mining than those that invest on AIM

Hannam messed up badly at MNRG/AMG as they failed to raise the finance and the acquisition fell through.

Hopefully they will fo a better job for CMET

The spot gold price is currently trading at a new all time high of $2945 😀

What is the probability of the next RNS being 'suspension pending clarification of financial position'?

The company originally applied for the mountain use permit in 2022 so after 3 years of waiting it seems unlikely it will be granted due to local opposition to mining in the area

A bit more info about COR's executive director and largest shareholder:

Paul Forrest's involvement with the Saltfleetby Gas Field has been significant, from its acquisition in 2019 to his strategic roles in companies associated with its development and operation.

In May 2022, Paul Forrest, through his company Forum Energy Services Limited, sold Saltfleetby Energy Limited to Angus Energy plc for approximately £14 million. This transaction granted Angus Energy full ownership of the Saltfleetby Gas Field, a significant onshore gas asset in the United Kingdom. 

They want to achieve the best results possible not just get the drill programme done in the fastest possible time.

As it's the first time Mbe has been drilled the geologists want more time to interpret the core as it's being drilled to optimise the drilling of subsequent holes.

I think it's the correct decision at the moment and they can bring in a second rig later on in the campaign if they want to.

The nominal share value is 0.01p

I'd be surprised if there isn't a placing soon

Today's news about a $200million investment into a lithium JV in Nigeria is very interesting for us given the good lithium drilling results THX has had in Nigeria. https://www.yicaiglobal.com/news/chinas-canmax-to-invest-over-usd200-million-in-nigerian-lithium-jv-despite-weak-prices

https://thorexpl.com/news/initial-drilling-results-from-thors-lithium-prospects-return-significant-intersections-of-mineralised-pegmatites/

Interesting analysis HarChris on the value of Douta.

The company seems a screaming buy at the current low market cap given the huge profit margins from current production with gold approaching $3000. I think the news flow in the coming days from the Q4 financials and the Douta feasibility study should give the share price a big push. I'd also be surprised if Segun didn't find some people at Indaba that are now buying shares in the company

The low market cap is an illusion. You need yo look at the enterprise value which is the market cap plus debt which shows a very different picture.

They seem to be connected and motivated to pick the pockets of unsuspecting ordinary investors. I cant think of any other reason that would motivate them to post unrelenting positivity on companies that have diluted shareholders to oblivion so their investments become almost worthless

Yes he was. NTOG was another one of his disasters.

The same pattern keeps repeating with unrelenting positivity despite the company diluting shareholders to oblivion

I remember Orslega being ultra bullish on Northcote Energy of Shoats Creek fame which then morphed into Mayan Energy.

I couldn't understand how he seemed so content to post positive comments every day despite placing after placing which saw the share count reach many billions and the share price crash until it became worthless. His behaviour remains a mystery to me, especially since he is doing exactly the same thing with RRR 🤷

They seek him here. They seek him there. Those shareholders seek him everywhere. Is he in Lambeth? Or is he in DRC? That damned, illusive Mr Bell.