Member Info for perroverde

Exactly my point, it's very encouraging to see.

And the July 25 warrants have till July 27 so are less likely to be exercised just yet.

The May 24 placing had 108m warrants at 0.35 which expire next week. Quite a few have already been exercised, so perhaps 50m or so left? The more recent ones. though in the money, are less likely to be exercised just yet.

Well spotted!

And meanwhile the G11 share price keeps on rising, hitting 0.7 yesterday (Friiday), which likewise may or may not be related to Stonepark. But if it is…

Once those polymetallic licences are added to the mix (and it looks like they surely will, and v shortly) this will look v attractive to international JV partners. And in that context one can't help but look over at Gates’s/Bezos’s Kobold African AI resources venture. That company is already valued at $3bn yet has little or none of the giant historic data bank that BOD has to work with, and its African operation is working in a way shonkier postcode (DRC) than Botswana. where there's geopolitical and relative economic stability (and little/no corruption). While not suggesting a $3bn valuation is justified here (any more than it is for Kobold mind you). It would only take one enlightened billionaire to realise what could happen here.. .

AUC/anyone - have you any thoughts on these musings: 1) why ARK didn't contribute their share of the cost of the latest Stonepark drill? I am wondering did they choose not to or were they told/asked not to? - Perhaps it was in the light of 2) Could the delay on Stonepark drill result announcement be linked to a deal of some sort brewing with GLEN strongly rumoured to be selling Pallas Green, would it not make sense for Stonepark, being slap bang next door, to be included in a package with PG (Stonepark presumably being easier/cheaper to bring to production than PG) and ARK's stake included too? 3) GLEN is buying its own shares back by the day in £millions chunks. ARK's stake in SP - even at a significant premium to the £/EUR11m JT is rumoured to have turned down a few years back - would be back pocket change to them. The presence of a pesky 23% minority shareholder in the background is unlikely to be an attractive attribute to a would-be buyer of PG/SP. Either way, there is a strong sense of something brewing. Meanwhile the share and its price seem to staying well under the radar of the market.

Very very interesting. That new makeup is going to court the attention of rich partners methinks.

Yep please. My telegram is the same as my profile name here with an @ on the front of it.

Agree. I was expecting something on Stonepark - AUC's point ref G11 is very valid - but this'll do to be going on with. Botswana a much much better postcode to be operating in than Zimbabwe (which may yet prove good for ARK but who knows).

Mcap still under £2m even after the last few days' gains. Totally under the radar.

G11 announced positive drill results at Ballywire yesterday. I can't post a link to it here but if you look at the announcement, 'exhibit 6' on page 5 (the interesting stuff is always at the back!) map shows a clear North-East trend - straight into Stonepark.

Roll on the Stonepark drill results, hopefully not too long now.

Interesting podcast (pretty long but very upbeat).

Jonny I'll give you a hand!:

Mcap circa £1.5m.

No debt

Low overhead

Recent placing done

Drill results for zinc at Stonepark imminent (well, sometime very soon, should be in Q4).

Stonepark is right next door to the huge Pallas Green zinc deposit owned by Glencore who are effectively majority partner in the background on Stonepark.

Lithium licenses in Botswana and Zimbabwe now being evaluated.

Big proportion of shares in hands of 'directors, friends and family' so tiny free float.

But it's priced at less than the cost of a shellco listing. Myopic markets!

Jonese - there is no 'wall of loose shares' here. Most of the £250k of placing shares went into directors/friends/family hands and will not be sold or traded. It's a very very illiquid stock and it can move (up or down) on very small volumes. I'd love to think that someone's accumulating shares, but even then, anyone wanting to acquire a serious stake (or the whole company) would be very unlikely to do so by buying shares in the market when nearly half of the share capital is in those same director/friends/family hands.

You tube Interview on s t o c k b o x with JT out today.

Quite an interesting listen.

I doubt there's many newbies here DVH - it's so far under the radar it's practically invisible! A good proportion of the shares are tightly held (notwithstanding overhang from loosely-held placing shares of course), and let's face it there's only £1m or so worth of them out there lol. One day soon it'll take everyone by huge surprise. Hopefully, anyway!

Can't disagree with the principle of what you're saying DVH, BUT the latest drift pre this news came post the placing, some of which presumably caused overhang which days like today will help clear. MCAP of £1m (give or take) limits the level to which it will drop before people (me included) start buying. Some argue that 'the market is always correct', but the market can also be myopic, and in this case £1m is simply too low given the assets and circumstances. Here's hoping for an early Christmas present lol.

RNS (not showing here on LSE) that G11 has finally announced it will drill at Stonepark this quarter and that Arkle's 23% share is fully funded. Remember that Arkle controls full metal rights to its stake (thanks to a cheeky clause inserted in the agreement by John T years ago). Mcap just over £1m, no debt, virtually no overhead...

The last fundraise was done largely for the participation in the Stonepark drill. Apparently the NomAd (bizarrely) wouldn't let the company say so because G11 hadn't specifically announced/agreed the actual amount required. So it should be at least mostly covered already, so hopefully little or no dilution required to cover it (especially when the Mcap is down at £1.2m!)

DVH I think it's important to differentiate between the actuality of imminent drilling by G11 at Stonepark and JT's use of the Annual Report to make politically-charged points, which as we know he does like to do.

First Equity research note out this morning.

Not much new but highlights the extraordinary value discrepancy between the mcap of £1.4m (scarcely a bare listing value) and the asset base.

Saying a more realistic value based on peers should be £5m-£10m and a 1.35p target.

Sounds about right Echo.

Apparently engagement with the RSA authorities on TR has at last re-started and Zimbabwe progressing well. So news (some of it potentially pretty dramatic)could arrive anytime - but then this is Africa so who knows how long we may have to wait!