Member Info for PaulFG

Gosh darn it but I've gone and bought another chunk myself.

I reckon there's a raft of good news/PR heading our way

- Update from Charles Archer - bound to be ultra bullish

- Infill drill results - perhaps not the best grades (as signposted) but for the intelligent they're bound to see the resource impact

- the JORC

- and we're almost within a month of the hoped for DFS publication.

First Interview of the day out of the bag: https://www.youtube.com/watch?v=aIti07SyuVI

Lots of potential reading between the lines in that one.

If I'm not mistaken it's important to remember also that the last update was I think in the main, if not totally, from rock chip samples - which the market generally discounts (me too) - so the fact we rose like 4p is pretty good, though I expect it might be as easily lost as it was gained.

Diamond drill results is what I'm looking for.

Doubtless OF & Co are making excellent progress with the Tungsten assets but when I read extracts like below I regret we don't seem to doing anything at all to progress Garfield 'n Golconda:

"Garfield was advanced considerably during the previous period. This includes several ground-based work programmes which were subsequently followed up with further staking increasing the overall size and prospectivity of the project. Multiple porphyry targets were generated by follow up geophysical surveys and in particular at the High-Grade and Power-Line Zones. Inversions completed over the magnetic results confirmed the presence of two buried and sizeable magnetic anomalies which are found directly underneath considerable zones of copper anomalism (in rock and soil) at surface within the two zones. The Pamlico Gold Zone was also discovered during the period which presented both high-grade copper/silver and gold at surface within this area.

....

Guardian Metal is also the operator of the Golconda Summit Project which is held under an earn-in right from the mineral claim owner under an option agreement. No work was completed on the Golconda Summit Project during the period."

Well boys 'n girls, we're finally launching the major infield test on Boland.

As exciting, we're progressing the new tenements:

"We are also very pleased to have a NTMA in place with the Barngarla People for the New Tenements, where we have demonstrated high grades and massive scale potential. We look forward to working in collaboration with the Barngarla People, the landowners and the Wudinna community to advance this significant opportunity."

Stakeholder engagement process commenced to proceed towards the testing of priority targets: Head, Gillespie and Stokes"

Personally, I'm very excited to see work done on Gillespie.

I mean you'd expect this to recover, and beyond, sharpish, especially once they start to drop expected RNSs this qtr.

The combination of Sprott sales and the wobble over the export challenges clearly shook some people - but the volumes haven't been crazy.

Thanks @Jigger, not necessarily more detail, but more explanation, words, photos/diagrams, and much better laid out than the RNS (why can't they use bullet points in RNSs?).

Upcoming:

"Concluding Remarks

• 2025 results have significantly advanced Amaroq’s understanding of its satellite gold projects, identifying multiple new targets for growth across the Nanortalik Gold Belt.

• Follow-up work is planned on the highest-priority prospects, including drill planning at Vagar Ridge and further surface exploration across other emerging zones.

• Over the winter, Amaroq’s team will integrate new data and refine drill targets ahead of a potential maiden satellite drilling programme in 2026.

• Exploration activities were delivered on time and on budget, meeting the objectives set out for the 2025 campaign.

• These results reinforce the strong upside potential within Amaroq’s gold portfolio and the Company’s strategy to grow resources beyond Nalunaq through systematic exploration across Greenland.

• Additional assay results and updates from Nalunaq and Nanoq will follow in Q4, completing a comprehensive overview of Amaroq’s 2025 exploration progress."

I agree Cul, but honestly I get the impression each season is preparing for the next. I would like to see a lot more diamond drilling with long-term bankable results - yes I know I'm being terribly impatient. But I feel like I've been here for years - we've eaten a mountain of cash, had numerous raises and my gut is asking why aren't we further along?

I know the management have a very conservative 'steady-Eddie' approach, and the location limits the amount of activity we can conduct annually . It's almost like these are teasers preparing us for the main event.

I've just woken up in an impatient disposition this morning...

No complaints with their progress on gold production though.

Some great gold and copper grades announced today. THOUGH I would have preferred more detail in the RNS.

Interestingly, I do remember Rick Rule mentioning in a Sunday Roast recently that 'they' were having some issues with Malawi at the moment, it was around educating the government around best mining practices - I guess this is what he was perhaps talking about.

Could also explain the Sprott reduction.

Not sure anything can be 'safely assumed', but likewise I've also topped up this morning.

May also be an element of frustrated impatience with the 'jorc within days' comment Sapan made on October 12th.

I am comforted by 2 things here, specifically around the Sprott transactions:

- the market appears to be easily absorbing their sales, granted they appear to have a disciplined sales approach,

- there is no knee-jerk sales reaction to the RNS s.

Then again, this close to the DFS, and potentially even closer to a revised JORC, why would you sell now?

Saw the 5m trade the other day. Now we know who sold, wondering who picked up that chunk.

My biggest concern with AMRQ is the cash burn rate. They get through a lot of money each year so I really wanna see decent revenues coming from gold sales.

Also would be great to see some good drill results, have to admit I've not been overly impressed with results to date.

We know/hope there's great potential there and I feel that's fully reflected in the sp, but we need to see them deliver good assay results.

In the summer meetup in Mayfair, RV did indicate there were some warrant holders that literally had to wait until the last moment before they decided how many warrants to exercise - so I expect we'll see some sort of RNS sometime in the next couple of weeks clarifying the situation. If nothing else eventually it'll be swept up in the regular Total Voting Rights RNS.

All that said, it will be good to have all this behind us, if nothing else so we can all chat about something else - and looking at the activity timetable through to April 2026 we're not going to be lacking in topics.

Interestingly these guys are reducing - I'm wondering if they were just there to facilitate the potential RIO takeover - which I think we can pretty much rule out at this stage.

@reserved agreed, there are many variables and many combinations thereof.

I just don't want SVML to be a passive participant.

To be clear, because I've seen everyone getting this wrong recently, including the Stockbox podcast over the weekend. The RIO stake in SVML is down to 18.45% as they didn't take part in the last placing: https://www.lse.co.uk/rns/SVML/holdings-in-company-4tzpq4ln634heq8.html

I can't see any buyer of the RIO titanium business being interested in just taking 18.45%.

Therefore, I think there's a good possibility that Chinalco make a bid for the business if discussions proceed successfully with RIO or equally that RIO sell their stake to another interested party (Japanese?) that then goes on to make a mid of the business.

What would be even better, but I think it's unlikely unless the SVML get on it, is that SVML buy back that 18.45% in a GGP-Newmont type move. And then put the whole business up for sale.

I'm coming around to thinking that the fun for the SVML team is FINDING & PROVING large scale deposits and I think they're putting increasing effort into their GRX venture in Germany.

Yes great cash injection