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Annual report update due shortly so let's see what that shows.

Expecting more M&A to be on the horizon

Possibly a placing incoming at UPL of the back of that volume?

Let's see

Good post Sotolo.

Markets are forward looking.

Best to discuss management strategies moving forward

US CPI data coming in higher

All looking good.and then a slight push down on the gold Price to $1847 at US.market open

Looks like the floor in on WSBN now
Should be good for a healthy climb back up at they move through their drill programs in the Patersons Range.

Not sure about UPL, notice the volume of those delayed sells.

@bladderman

What do you make of all those delayed sells popping up?

Obviously not party to ongoing negotiations

But to get this deal done,.my understanding of the framework has to be something along the lines of

New holdings company to be registered in India.(so they can tax locally) I believe this is a crucial part of any deal.

Ownership of licence to be freely transferred into the new co.

Pat will own 100% from the outset, but likely have to conceded a percentage of the newly established holding company to the state to get them on board as a joint venture and.so that the state can share in future profits.

Plan will be float bhukia (possibly on domestic exchange) and raise all the development capital through to mine build out.

All jobs ro be created from domestic labour force

Could provide employment for 1000+ skilled workers.

New company would become the Indian equivalent of a Centamin (CEY)

Pats ownership would be worth many hundred millions.

Just need the update to confirm agreement is reached and then it will be game on

MB has pulled off a deal like this previously to resolve a similar dispute

Let's see if he can repeat previous success

GL

Yes

Roll on phase 2 and be good to see you back 'in the money' bhargav

GL

I think we are all well aware of how other explorers business models work.

I particularly Like OMI as exploration is fully funded by Two Global majors.

We don't have to raise to drill up ANZA.

Agnico/Newmont will be funding this and about to sign off on the next $20m drill spend.

That's why we are here.

GL

Due to release the plans for the next drill program and multiple targets at:

> Red Setter - Gold/ Copper
> Cottesloe - Silver
> Anketell - Gold / Copper

Also MT surveys and target modelling covering these land packages in process of being completed.

GLA

You can probably get 7% in a Zimbabwean or Turkish savings account

Less risk than cosmos, but still an awful idea.

I'll leave it with to figure it out why.

Even 4% in a UK savings account is returning inflation adjusted return of minus -6%

Neither have the potential to multibag your position many times over like OMI does.

That why folk invest in gold and gold explorers

Wildy and irrationally swinging from curmudgeon to unbridled exuberance probably best summed up depending on their position at that moment in time.

Keeping a close eye here as any positive update on a result for Bhukia and this will multibag in a flash.

Anyone on the short side here would be destroyed/ruined in a millisecond as the market would habe to price in the value of a 6-7million oz asset which I recall MB as going on the record as stating would 'add a couple of zeros' to the market cap here

GLA

Newmont's annual report is due out shortly

I wonder if their gold resources and reserves held has decreased again as it has been falling back since 2019 and probably explains why they are out there embarking on a buying spree.

Cerro Negro in Argentina right next door to our El Pantano is becoming an important mine for them with 6-7m oz Gold and 50 moz silver.

They have been buying up land around the region and our El pantano land package neighbours their mine, probably why BG stated they are interested in what we have.

Also once they have a legal % ownership of ANZA we'll start to see this feature in their reports and expectations for this tier 1 project.

There are not many projects around globally with the potential to be genuine tier 1 assets.

We definitely have that at ANZA.

News due

Need to be stay alert and nimble but lots of chartist predicting the pullback to $1800.

Absolutely no concerns for those holding and not trading as the same chartist are saying retest of that $1800 then gold going on to establish New ATH's.

Those glued to screens will be scaling in as the price action unfolds.

it can be dangerous waiting for a price to come to you as when it doesn't you can be left kicking yourself

GLA

Start of New thread

Feel free to shout out any contenders to potentially do the next 'vast style rise'

They might fit nicely into the capitulation box where literally everyone has thrown in the towel in and therefore any good news sees them multibag.

Interested to hear all ideas / thoughts?

First majestic have pulled back the same amount of FRES over the last month.

Just need the support level to go in on PM'S.

Gold going sideways atm.

Seen some saying it could re test c. $1800 before then going to set a new ATH.

Been a chunky pullback across priducers over the past couple of weeks.

If they pull silver back to $20 and fres re tests 700 I'll be back with a full position.

Could be wishfull thinking as often waiting for a price to come to you can result in missing out completely so I'll most likely be scaling in tranches

GLA

@DrR

Another good post

Two out of the three largest Gold Miners in the world are here as they understand better than anyone on this bb the opportunity and they don't get out of bed for less than 10 million ounces

If this was coming to market now as an IPO with a new joint venture between Newmont/ Agnico and project spend commitment of 100m from them all free carried it would be many multiples of present market cap

The fact we have had the delays just makes this an even more compelling opportunity at just 14m market cap.

GLA