Member Info for PortfolioPower

Date Source Headline
14th Mar 2023 2:05 pm RNS Second Price Monitoring Extn
14th Mar 2023 2:00 pm RNS Price Monitoring Extension
14th Mar 2023 11:05 am RNS Second Price Monitoring Extn
14th Mar 2023 11:00 am RNS Price Monitoring Extension
9th Mar 2023 4:35 pm RNS Price Monitoring Extension
9th Mar 2023 2:05 pm RNS Second Price Monitoring Extn
9th Mar 2023 2:00 pm RNS Price Monitoring Extension
7th Mar 2023 9:05 am RNS Second Price Monitoring Extn

That £50k purchase this morning @ 1.65p looked exceptionally well timed...

@Connect1

Well you aren't in much of a different situation to Jim Mellon who has 27.9 Million reasons to ensure the deal is concluded at a significant premium to todays price if you take a look at the average of most of his purchases.

GLA

This situation looks similar to the process Amur (AMC) have recently done

Could be a very nice payout incoming here on a deal at a huge premium to SP.

No PI's wanted Amur due to country risk.

On a free ride here now from trading this over the past couple of days.

Main difference I see here to Amur is that CNR assets are far more valuable (debate can be had on final realisation value) and we have multiple interested parties.

Happy to just let the process play out now.

GLA

EQT looking good

@Tro

Agree with you on the bonds/treasury ETF front.

Could be a once in a decade or so opportunity to see those longer dated bonds really go on a sustained move up once the fed rolls over.

But we aren't quite there yet with interest rates. (Watching this space closely) and need to keep an eye on inflation so lots of moving parts.

I've therefore not entered any of those pure play long dated treasury positions.

Most of PF is tied up in short dated fixed income money market funds and PM's. Bit of trading cash for recent special situations. So ready to deploy some of that for similar opportunities but no real need to move anything around just yet.

Locking in those gains when in positive territory is what it's all about, on a free ride with KRS so playing with the casino's money there now.

GL

@Dai,
An added bonus about trading PM's or Commodities ETF's vs equities (especially AiM) is that no one really posts on their bb's on here. Some of them are classified as a higher risk profile, but imo, I wouldn't say they are any higher or lower risk than your average AIMer. Especially in this market.

They can offer the same level of volatility but without the same liquidity issues that your average backwater AIM share usually has.

@Tro
Another good day at KRS. Think we have both had a couple of decent trades on that one over the past year.

They are Leveraged against futures.

If you just want a non Leveraged exposure to Gold and Silver price take a look at

SGLP
SLVP

3GOL

3SIL

Nice moves

GOLD & SILVER moving nicely

Tro

Some gold & some KRS :-)

GLA

Good to see the pictures of all the drilling activities over the past few weeks.

A number of new zones are being drilled for the first time.

A new discovery zone announcement will really put a rocket under the SP.

MB is here to get these deals done and once Bhukia is across the line and PAT is the global Mid Tier operator he alway said we would become his legacy will be cemented.

Up there alongside the likes of GH imo as one of the best in the business imo.

@Mikecc

I will re post for anyone new looking in

-

Last time it looked like we were close to a breakthrough on breaking the deadlock on Bhukia this Company was trading around 60m market cap!!

That looked cheap at the time for a company on the cusp of getting an award of a.7.5m oz Gold Project. Sadly it all got pushed back in the courts and we have had to re group and seek out a legal team and funding.

Roll forward to March 2023 & We now have two significant recent developments & MB has struck two very significant deals

FIRSTLY >

> US$10.5 million funding secured to support all costs to pursue the legal conclusion of the settlement over the rightful legal ownership of Bhukia - A 7.5m+ million oz Gold resource

· All monies advanced through the AFA are non-recourse and only repayable in the event of a successful recovery pursuant to the Claim.

· Appointment of Fasken Martineau LLP ("Fasken"), a leading international law firm with extensive experience in mining, international arbitration and dispute resolution, as counsel to pursue our rightful Claim.

SECONDLY

> 18 million secured via JV with Moydow to prove up and develop Cascades Gold mine to 2Million oz JORC resource

JV is on 80/20 basis & should Moydow fail to spend the full 18 million on the project over the next few years then PAT'S ownership increases to 60% so Moydow can't just sit on our assets and they clearly want to get a move on with confirmation that they are cracking on with a big 10,000m drilling program at cascades.

In summary.

Looks like MB has secured two truly excellent deals here that don't require the company to have to do placing after placing as they would never have been able to generate 18million cash to develop cascades gold mine on our own

Plus a further 10.5m has been secured to settle our resolution over our legal ownership of bhukia.

MB has somehow got this company fully bank rolled through these two deals so a nice free ride from here.

Looks severely undervalued at these levels

GLA

Expect news to spread over the weekend once people have had chance to digest the latest developments

GLA

Present market cap is just a mere 6m!!!!!

Last time it looked like we were close to a breakthrough on breaking the deadlock on Bhukia this Company was trading around 60m market cap!!

That looked cheap at the time for a company on the cusp of getting an award of a.7.5m oz Gold Project. Sadly it all got pushed back in the courts and we have had to re group and seek out a legal team and funding.

Roll forward to March 2023 & We now have two significant recent developments & MB has struck two very significant deals

FIRSTLY >

> US$10.5 million funding secured to support all costs to pursue the legal conclusion of the settlement over the rightful legal ownership of Bhukia - A 7.5m+ million oz Gold resource

· All monies advanced through the AFA are non-recourse and only repayable in the event of a successful recovery pursuant to the Claim.

· Appointment of Fasken Martineau LLP ("Fasken"), a leading international law firm with extensive experience in mining, international arbitration and dispute resolution, as counsel to pursue our rightful Claim.

SECONDLY

> 18 million secured via JV with Moydow to prove up and develop Cascades Gold mine to 2Million oz JORC resource

JV is on 80/20 basis & should Moydow fail to spend the full 18 million on the project over the next few years then PAT'S ownership increases to 60% so Moydow can't just sit on our assets and they clearly want to get a move on with confirmation that they are cracking on with a big 10,000m drilling program at cascades.

In summary.

Looks like MB has secured two truly excellent deals here that don't require the company to have to do placing after placing as they would never have been able to generate 18million cash to develop cascades gold mine on our own

Plus a further 10.5m has been secured to settle our resolution over our legal ownership of bhukia.

MB has somehow got this company fully bank rolled through these two deals so a nice free ride from here.

Looks severely undervalued at these levels

GLA

Floor in at WBI?

Is seller finally done?

As soon as the selling pressure stopped SP has reacted positively.

Need to put a marker post down at point of trade.

Vast 0.62p
OMI 8.55p

I see.VAST needs cash to repay its Swiss lenders or they lose their non profit making mine (that had a 3 year life of mine, 3 years ago)

MM's clearly supporting the SP at the present range.. (I wonder why..lol)

GL

Let's see what your 4k in VAST is worth in say 6 months time and same for OMI.

I'll do a monthly update each month over the next 6 months for comparison

Good update that dispels any doubts the market may have had over the Majors moving into phase 2.

Once news sinks in and the market reflects that we have 2 of the top 3 gold miners in the world now advancing our ANZA project with a further 20m spend, not some 500k spend for a couple of small holes, but 20m and 150 strong field crew moving on ANZA things should start to gather pace over the coming weeks and months ahead as the work progresses at ANZA.

GLA

Good update

In Summary....

Share price needs to rise over 100%+ just to start to correctly price in just one of the Company's assets and even then that doesn't reflect the value for HG that will be going into production and generating cash.

Any guesses for potential NPV for HopeGorab once in production to combine with BDO realisation valuation for Mankayan?

Looks very undervalued here atm.