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RNS for TD either Friday or Monday?

Will this be followed up with a DM style video talking about helium shows in the mud or will they confirm that Baker Hughes have successfully taken over from the rig crew and wireline logging has commenced.

They never even got to that stage under DM's watch.

Dai,

From what I understand the company has advised that it is expected to take 2 weeks from spud date to reach TD at 1100metres into the basement.

The basement has never previously been drilled.

On the way down they are targeting multiple stacked reservoir targets that previously produced helium shows.

They have Geolog on site for the mud logging.

Once TD has been reached Baker Hughes will then take over to run wireline logging and then following the wireline logging they are looking to run their RCI tool to take gas samples under reservoir conditions.

Baker Hughes are expected to take two weeks to complete all the various target logging. That will be around a month from spud.

They are taking two sets of samples form each target with one set of each sample then being sent for lab analysis.

They have said they also have a field spectrometer so once the first few samples are available no doubt they will be running tests in the field once the machine is set up and calibrated.

Given the expected timeliness not sure we should be expecting any 'helium shows' to be announced yet anyway until Baker Hughes are into their work program unless they are going to comment on the mud logging on the way down to TD. But after last time they may be not keen to announce anything until the 3rd party analysis is underway by Baker Hughes.

LW

It would have been fair to use the charts over the past year.

However, I don't think looking at the chart this close to a potentially major inflection point is helping much.

Placing so close to spud hasn't helped matters either.

As they say.. "The drill is the truth machine".

On all drill shares the rule tends to be follow the money in the run up to results and it appears to have been leaving.

If this had not been so manipulated in the past. I'd say that holds true, but the games that have been played previously have made this one impossible to have a strong conviction one way or another

I.e. I'm neither long nor would I particularly want to be short right now either.

Some interesting chat on Hotcopper for BKT which has gone into a trading halt pending announcement on financing for their mine which is just down the road from ACP.

Big discrepancy in market cap between the two.

It's just not clear where ACP are in the process of securing funding or a JV partnership?

Still watching from the sideline.

It's still falling.

Tro - tough ti call the bottom on this one?

Are they close to getting the funding they need?

> Feasibility study details..

US$882m pre-tax cashflow generated from initial 17 year mine life utilises just 25% of the resource, which remains open in multiple directions offering significant further upside;

· Estimated pre-tax NPV of US$358m and IRR of 91% with scope for further positive improvement upon economics in near-term through delivery of optimised DFS

· Staged ramp-up planned to facilitate near term production with 60,000tpa graphite concentrate to be produced for the first four years (Stage 1) before increasing to 90,000tpa (Stage 2)

· Capital cost estimate for Stage 1 is US$38.6m, which includes a contingency of U$S4.1m or 15% of total direct capital cost, a slight increase on the scoping study allowing for the staged ramp up

· 1.6 year payback for Stage 1 (after tax) based on an average sales price of US$1,179/t

· Stage 2 expansion is expected to be funded from cashflow.

@mischief

Saw one poster describe it as "Horror Zonte minerals"

Been a rough couple of days over there and no follow up RNS to update the market has created that uncertainty.

Just popped on my RNS alerts to give me another reason to check my sell recommendations from a couple of weeks back at 314p

Its since tanked-80%

SP now 52p down from 314p

Quite creative really.. do a very small raise, get that one away easily into the volume and at higher SP to churn quickly leaving no overhanging stock that isn't well into the money, and can likely go back to those same flippers and likely get a bigger placing away (probably £700kish) should do it.

Gets the company the funds it needs to repay their loan in Q1.

Didn't kill the SP momentum in the same way as it would have done if they raised a full £1mil when the SP was on its knees.

Pretty decent effort if they can pull this off from what looked like a desperate situation a few weeks ago.

Perhaps the likes of MSMN should be taking note.

For IOG... its too late.

That's a 10 x bagger now for anyone who took a chance on the lows when it looked like game over.

Since then a potential JV.

They have done a modest raise.

Given the volume since they could likely have churned that small placing and maybe even get another one away.

Seen both the good and bad side of AIM over the past week for sure.

No RNS

The Company is pleased to announce it has agreed a further extension with Alpha & Mercuria to 30 November 2023.

Tick tock

Tro,

OMI has been destroyed by the change in the political regime in Colombia which has resulted in Newmont & Agnico ( both number 1 and 3 Gold miners in the world ) placing ANZA into 'care and maintenance' for the time being.

That's caused the project to grind to a complete halt.

I sold out at 10p earlier this year having traded it up from 6p and had many previous trades the best being getting in when the double JV was announced and it flew from 2p to 40p.

Now back at 2p and market cap pretty much covered by cash at bank.

Zero premium for a potential multi million oz Gold deposit due to the present uncertainty.

If they can break the present impasse with a fresh funding package agreed.

OMI would rocket for sure.

On watch list for now whilst it's getting bashed up and the CEO is getting all the blame :-)

Safestyle Down - 42%

on RNS news that it needs to raise cash to 'strengthen its Balance sheet'

Its SP is now down 90% YTD..

Market cap of just £3.7m is priced to fail / administration territory.

Tro,

That's right, that TornadoTony, Strummerjones, wasarunner, theaccoutant, Djryan (aka Thepublican.)

All names i remember that had been LTH's in HZM and sone also did well in GGP likely making tidy 6 figures on the way up.... only to get whacked by RMM and then HZM mistakingly thinking they were 'safer' investments.

I posted yesterday that I thought some of them needed to step back and clear their heads.

HZM has since tanked another -70%

It does feel like another SXX type situation and those that would have witnessed that type of scenario before would have likely got out sooner rather than later.

Worrying that no further RNS has been issued on the back of a further dramatic SP collapse

Probably some low ball offer will be made now by the Majors (probably Glencore) that the PI's won't be able to vote on as suspect all the majority of the stock will be finding its way into the hands of the majors and it'll be a take it or leave it lowball offer with no alternative option.

A bit like when sonala (BCN) was sold on the cheap as the Chinese had managed to increase their holdings to 60% of the voting rights and offered a very lowball £250m for what many valued as a multi £billion pound asset.

Glad that non of us was in there as most that were all seemed to have substantial amounts locked up in the belief that all was well.

No one wants a RMM or an ADV or a SXX or HZM.

But they do make for cases studies as to what can go wrong and how quickly it can happen.

Shocking scenes taking place at HZM.

All the day traders / hot money has jumped into ORCA for the pump taking place there.

Still watching from Sidelines Tro.

That nagging persistent seller has probably triggered a group of PI's to also sell which has accelerated the move down from the recent highs and those that were hoping for a positive market reaction on Spud have probably also moved to cash.

Almost retesting the July low on that No rig RNS.

That created a short term trade but also undoubtedly some trust issues imo.

Maybe also a fair amount of stale bulls given the twice bitten thrice shy.

One thing with He1 is to expect the unexpected as there has been so many twists and turns since the IPO.

If they do hit a discovery after flushing out weak hands the move will be far more powerful than if the book was full of traders waiting to sell on news.

GL.

I'm hearing noises that there may be some planned changes to ISA and pension rules coming in that remove the present annual contribution thresholds for UK investors if they are investing info UK listed companies.

Would need to see what that looks like, but if suddenly you can go from putting £20k pa into an ISA and suddenly you can put £500k in one go and enjoy tax free capital gains on the new contributions that could create a huge wave of liquidity for UK stocks.

Been a rough year so far for AIM shares.

The AIM all share index is now down 20% from its February peak.

AIM is down 45% from its September '21 high.

Things like HZM where £200m of shareholder's value is wiped out in a flash certainly don't help

The AIM index has recovered 3 times in its history from lower levels than today and gone onto do 100% moves higher.

After the dot com boom

After the 2008 Global financial crash

After covid

It's heading down and will rebound again at some stage after whatever you want to call the present 'cost of living crisis / interest rate adjustment/ inflationary petiod' war in Ukraine period.

Hard to call the bottom on these things but the one thing that never changes is that even in bear markets you still get individual stocks who will buck that trend and go on a rip when value reveals itself to the upside.

Proper Falling knife stuff atm.