Member Info for Phoebus

Thankfully only 3.5 more sessions until we know the result and markets should rebound hard.

Morning Morning. There seem to be some serious issues with the chat on this site at the moment. Offline for ages and then post not showing properly. Hope they get it sorted soon.

If someone showed you the ORR chart and asked you 1) Are we in a gold bull market? 2) Has the gold price recently hit an all time high? 3) Is ORR doing any drilling? 4) Is ORR a gold miner? I think you'd probably get all the answers wrong.

How on earth this has dropped from 0.65 to 0.38 in a flash is totally beyond me. Absolutely ridiculous as is the £5.6M market cap. This looks WAY better than PALM. IAMGOLD farm in asset looks excellent and lots more projects on the books including shares of JORC resources. Net JORC resources of 55 KOZ Au at Anabat, a 1.2% NSR on a JORC resource at Muratdere equating to 2.4 KOZ Au, 47 KOZ Ag, 2 KT Cu, 200 T Re, 77T Mo, plus 136 KOZ Au non-JORC at Hutite.

How on earth this has dropped from 0.65 to 0.38 in a flash is totally beyond me. Absolutely ridiculous as is the £5.6M market cap. This looks WAY better than PALM. IAMGOLD farm in asset looks excellent and lots more projects on the books including shares of JORC resources. Net JORC resources of 55 KOZ Au at Anabat, a 1.2% NSR on a JORC resource at Muratdere equating to 2.4 KOZ Au, 47 KOZ Ag, 2 KT Cu, 200 T Re, 77T Mo, plus 136 KOZ Au non-JORC at Hutite.

There are a few and this is definitely one of them IMO.

Definitely not. Takeover now would be a travesty. Do the drilling, prove up a multi-million ounce resources, issue an (even more) eye-watering NPV and once the SP has re-rated massively THEN we get a takeover offer. This looks to have such low risk and such massive upside I cannot for the life of me understand how on earth this is so far of investor's radar. Utterly astonishing. There must be some very lazy investors around, too busy watching flashing numbers and salivating at Zak Mir's pretty doodles to do some proper research. The investment case here is obvious. VERY STRONG BUY

Agreed. I will also not be joining Telegram as London SE is already a well established and transparent public forum with a significant user base and I see no reason to move elsewhere.

I see major mining company Teck Resources owns a decent amount of ORR. Very few LSE gold juniors have a major like that on the share register. Yet another indication that ORR is one of the best plays on the LSE.

So you must have a good idea as to how CGNR's geology and state of play compares with the Dalradian story. Interesting to see you have plumbed for COBR and THR among the Australian explorers. I'm favoring ECR and WSBN based on proximity to major mines, Ballarat and Fosterville for ECR and Telfer and Havieron for WSBN. SGZ looks good, but not than many ounces for the market cap. AAU is waiting on that big dividend so that should do well.

Actually, I'm glad almost no-one has cottoned on yet. Make cash elsewhere and then pile it in here. How's it going to look when resource passes 2MOZ of super shallow super cheap to recover gold in a Tier-1 location and PEA shows an NPV of near $1 billion net to LND? Drill's turning and investors are asleep. I'm grinning.

CGNR certainly looks like it has the potential to be as big as Dalradian's Curraghinalt monster. If we get anything near that it should blow well past 200p. Any others look good to you? I have also taken a stake in OMI which looks like a monster.

today. LOL

Dibs, have you been researching just CGNR or across the gold sector? I've been looking far and wide at LSE gold shares and this is one of my top picks. 500KOZ+ JORC resource, JV pending. Current market cap looks far too cheap vs peers.

Super surprised we didn't get some more upward movement today. Great looking zinc asset and drilling results should be getting very close.

Having been sat in the 10-12p range for several months the SP suddenly started to soar higher on October 13th reaching 30p on the 14th. On the 15th the company was suspended citing the following reason, 'Due to the Covid-19 travel restrictions to China, the Company auditors have been unable to conclude the annual accounts till date. As a result, under the required Listing Rules, the Company has requested the suspension of its listing until such time that the accounts can be published. When such accounts can be audited and published, the Company will request the exchange to continue the trading of its shares.'

https://investegate.co.uk/g3-exploration-ltd--g3e-/rns/suspension-of-listing/202010151025392036C/

Now we get another RNS which states that, 'On 13 October 2020, by order of the Grand Court of the Cayman Islands, the Company was placed into official liquidation and ... were appointed as joint official administrators.'

Are you happy with that chain of events?

Sorry folks. That last comment was regarding OMI not PAT or GGP. My mind's jumping all over the place at the moment with all the research. LOL. You're in OMI aren't you Enrico?

Enrico, it seems that the free float here is already fairly low due to certain large holder like Newmont. Wasn't a figure of 40M shares mentioned recently? Furthermore, it sounds like a lot of PIs with major holding are sitting on their hands and waiting for significantly higher prices or a takeover, myself included, which means the effective free float is actually much lower. As drill result begin to reveal the scale of the deposit investors will have to scramble for an ever decreasing pool of free shares, which should send the SP vertical.

Not sure all GGP investors are the same though. There will be a lot of well researched longer termers in there, but with the amount of coverage and size of SP increase it has had I think a lot of herd numpties will have jumped on board the GGP bandwagon without knowing what they're really doing. Same with every rags to riches stocks on AIM.

How on earth is PALM at a higher market cap than ORR?