Member Info for Phoebus

I spoke to London SE earlier today and the chat has been put offline during market hours as the huge volume of market data recently is causing problems with live data for people trying to trade. They are close to implementing a fix, which is a good job as I missed chatting with everyone today. SP almost flat on the day despite a solid move higher on a positive and well worded RNS. Gold is only about 0.5% lower than when OMI hit 46p and drilling starts soon on our top 2% gold asset. This will rocket when SP starts to turn so don't get caught napping. You've certainly had a chance to top up. GLA

Indeed. Gold is where it was last Wednesday LOL. Major sector overreaction yesterday.

Short term? Presidents serve for 4 years. Huge amount more stimulus to come from both the US government and the Fed. Also, shares don't need an RNS everyday to justify a move up. WSBN is re-rating based on what is probably the most exciting gold narrative among LSE gold tiddlers and is doing so in the midst of a gold bull market with massive debt expansion coming down the pike to put it all into overdrive. Great looking investment here.

I can sell 250K in one go but can't buy ANY on quote and deal. Very bullish.

And LND is only £21M market cap.

I own both WSBN and ORR, but have much more in WSBN. ORR has some good intercepts on the program they share with IAMGOLD, but I am cautious of the modus operandi at Orriole. They seem to have a large number of projects, many of which have resulted in a decent gold resources being discovered, but shareholders do not appear to have benefitted as the working interests on successful projects seem to get reduced and/or turned into NSRs and then binned off. It does have a low market cap, but if ORR is just a project generator I'm reluctant to put to much cash in as I can't see how the SP will really go anywhere if the management are never going to see any project through.

Another option worth looking at is LND. Over 1MOZ gold JORC resource with drilling underway to significantly increase it. Resource is super shallow with expectionally high recovery rates hence very economical with NPV well over 10 times the current market cap before JORC upgrade. The asset is in Canada, a tier one location, and the billionaire gold and silver investor Eric Sprott recently took at near 10% stake.

Thanks for the heads up on TTAU, but it doesn't even have 1 OZ of JORC resources yet never mind 24 MOZ and the intercepts in the Align note are tiny. Not to say they won't do well, but like a lot of explorers they have a long way to go. LND already has a highly economic JORC resource under its belt with a leap towards 1.5-2.0 MOZ resource underway. At only twice the TTAU market cap and with massively lower risk LND looks way better value right now.

On yer velo. We already had a big retrace from 11p to 5.8p prior to the last RNS. Since then we've had a retrace from 12p to 8.5p and then one from 13.5p to 9.5p and back up. Looks like that RNS propelled us into a new range with higher highs and higher lows. Hardly surprising given that it confirmed four larger and shallower targets with similarities to Havieron on our licence which is only about 7 miles from Telfer. This will now be on the radar of a lot of gold investors looking for a rerun of GGP success and they will be looking to add heavily on any pullback. Stick to your technical interpretation if you wish, but I'm not prepared to get fancy here given the prospectivity and narrative in play combined with the difficulty buying when the SP starts to move north. Next RNS could drop any time and the SP may well open at new rally highs with no stock available. GLA

And it is red. :(

Is anyone else really starting to get annoyed by this share? Market just does not like it for some reason. Perhaps it starts with an A and ends with a B. Perhaps it should step aside.

Incessantly pouring cold water on the smallest of things is just as tiresome and rather hypocritical.

Impossible to buy on quote and deal.

Boost it into the 40s? SP will have passed the 40s by then. ;)

This will have a very good day again shortly, either today or very soon and then many more after that. Funny thing is people see the SP is down a bit and flake out on buying hoping for a slightly cheaper entry even though they're desperate to load up. Then it takes off again and they can't buy a bean until SP is WAY higher. Same old story.

Some decent volume here today and now a chunky 100K buy pops up from 09:50. Surprised we haven't seen more.

Assets are stranded unless you have the funding to unlock them. Once the deal goes through we will still have a 22.5% stake.

Arrogance is never a good look particularly when you haven't a clue who you're talking to.

Cheers. This deal is the clearly the key to unlocking not one but two major projects for ARS and will be a watershed moment for the company. I'm also struck by the similarities of Beutong with SOLG. Gold and silver ounces alone should get gold sector investor pulses soaring. Great looking investment.

Spot on Codjoe. I've averaged in over the last few days. Upside here is huge and downside risk looks very minimal indeed. If there's a delay, we hit 4p again and I buy even more. If not, $$$$$. GLA

Won't the BPC CLN note holders also be trying to exit before the spud date? Should stymie any rise.