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Looking like the start of a break out move for the SP

Nice 1 Mannnan

Spotted you in BMV on Friday

Was out most of today

Woah... that one really ripped from mid morning

Well played!

First mover worked well for those who held Centamin.

Multi multi bagger that had first mover advantage in Egypt and eventually got taken out for £2.5billion

(Gold price has more than doubled since.)

First mover advantage appears to be paying off for KEFI and they are arguably in a far more riskier jurisdiction given all the well documented political shenanigans over the years. (Doesn't stop me holding there either.)

The market will eventually get comfortable with it all.

Even exploration companies operating in the DRC like Rome Resources are up 42% YTD and thatshistorically been about as risky as jurisdiction on the planet.. :-))

We are much safer here and the government wants the in country gold mining to happen so they can get a slice of the action and help their currency, something that doesn't happen when its artisenal miners operating with no license.

So, they want this to happen.

ORR have submitted a very sensible mine plan with ultra low cost initial capex with a modular build out that can grow organically.

The documents have been submitted

None of us know when the EL will land

Shame that today's update landed when the wider market is taking a kicking.

Thats happened a few times here now.

Doesn't matter in the wider scheme of things.

All good exposure and the BoD can start giving some consideration to some proper marketing now this validates the work done so far

GLA.

"When factoring in the other projects we are looking at a 3 MIL ounce gold company in short order which now only needs to the EL granted (this quarter too) and then it's a completely different beast"

-

ABSOLUTELY!!

To have this confirmed so early ahead of the additional drilling means we could ultimately be targeting a much larger MRE as all the drill results come in and are modelled up.

Analyst at Greenwood capital SP targets of 6.6p+ if all of that plays out.

No longer is this purely a concept

Proper multi million oz Definition finally taking shape here now.

As many know, Im heavily invested in both KEFI and GGP and OMI .

All have been great for my PF, although they move at different times, that suits me .

For those looking for additional multibagger gold ideas, worth taking a look at ORR (Oriole resources)

Multiple transformational catalysts due to land include:

Moving from initial 'pit shell concept' to more than 2,000,000+ oz JORC defined ounces of gold (and remainng open in all directions with further upside across a district scale very low cost highly economical shallow open pit operation, JV in negotiations with government support for operational development and ML to be granted.

High-Grade and Bulk Tonnage potential drill results confirm high-grade 'bonanza' veins (up to 51.30 g/t Au) within broader lower commercial-grade, near-surface zones (with large drill intercepts upto 86.5m in width!!! over a large multi kilometre strike)

All upcoming newsflow due to land in both this and next quarter.

Both my GGP/OMI & now KEFI have recently re hit their 2020/21 chart highs with ORR just quietly progressing matters under the radar whilst we've all been busy here and the ORR chart set up looks ready for a sharp run back up

> Many posters have conservativly calculated 2 - 3p very near term targets, (10 x )

> The recent professional analyst coverage has set even more bullish SP target prices of - 7p / 6.6p over the next 12 months.

Yes - Thats 20 x bagger plus return potential.

With drill results, massive resource upgrade, ML and moving from conceptual exploration company to mid tier developer all to look forward too.

Worth a position in ORR imo.

(Late night post so as not to upset anyone)

GLA.

Thats got things moving nicely 📈

Have a great weekend all

No one wanted OMI at 2p

It went a few months where there was barely any trades.

Then all of a sudden it was 100%+ up and everyone wanted in and it was off to the races.

Then it was 250%+ up and even more PI's wanted in.

Then it was 500%+ up and getting the attention of those that had never heard of it.

Spoke to many over there who wish that they had loaded up on the lows, but I guess its just typical PI psychology.

The very best of the stock pickers that I've witnessed over the years tend to be pretty good at peer analysis & compare market caps and relative valuations / average gold in ground per oz & what decent grades look like and how they will translate when modelled into a resource.

The average gold in ground per oz value for early stage West African gold exploration companies is c. $59/oz

So a circa 2 Mil oz defined resource if confirmed should be valied 'around- $120 million.

Again, if open in all directions then much further upside is on offer and a premium should be attached and priced accordingly.

Those early stage 'in ground' valuations shoot up massively when moving from 'explorer' into 'developer' and onto 'producer' and a route to mining is established , then the valuation multiples really start to kick in with ranges of $150-$450 per oz for developers and double that again for developers.

For example Centamin was producing around 400,000 oz p.a from their Egyptian mine when they sold to AngloGold for $2.5 Billion and that was when the Gold price was half of.what it is now

At present, my own market screener has this as a top tier pick vis a vis all sector peers.

A good place to be if looking to protect downside risk whilst maximising the upside potential.

ORR is by any metric a genuine multi bagger opportunity

GLA

I remember when GGP was just £15m market cap and was about to transform from a 'concept' into a multi billion dollar asset.

Not many could see it at that time.

Same situation here.

ORR has the potential to transform into a multi million ounce goldie with mult- billion of 'in-ground gold resources' to be exploited.

A mid tier multi million oz gold developer on sale for early stage Junior money doesn't come along that often.

A simple 10 x bagger may be grossly underselling the ultimate potential here.

Said the sane when I loaded up on OMI at 2p range 18 months ago and that did a 10 x and then some.

ORR has easily the same potential as newsflow over the coming weeks should start to see the true valuation unlocked here and it could be a lot more than a 10 x bagger if the deposit remains open in all directions and we have a truely district scale opportunity here.

GLA

"The region has in recent decades been shown to host numerous high-grade tier-1 gold and silver deposits, the two largest being:

> Anglo Gold’s Cerro Vanguardia mine

and

> Newmont Mining’s Cerro Negro deposit.

Other substantial projects include

> Yamana Gold’s Cerro Moro

and

> Pan American Silver’s Manantial Espejo silver deposit."

We know from previous interviews going back a long way that BG has often let slip just how much Newmont really likes the look of our licence.

Well their Cerro Negro mine isn't far away & they certainly have plenty of experience and technical knowledge of the region

Tro,

Not sure of you are still following ORR?

MRE update news on their recent expanded drilling cant be far away on that one now.

Think you were in when they did their last big run up a couple of years ago when it did about 400%+ rally

Seen a lot of drilling since so could be a decent MRE upgrade incoming.

Middle Easten Oil is not just good for making Diesel

A Lot of Helium is also released as the oil and gas is pumped out, the trapped helium released is a significant by product for the producers in the middle east region.

All that Helium supply that the semi conductor manufacturers in south east Asian countries were worried about receiving, can now be released to them

Precious metal miners and airlines flying ! :-))

Helium and oilers in deep negative territory

Nice move back up today.

GLA

If I do manage to get some at a c. 25% discount to NAV and if it then moves back to NAV over a 12 month period, id have another decision to make.

If I can scale in for a few tranches s at a c. 25% discount and if it goes 30% discount id take another tranche as id get an even better dividend and have some optionality.

So watching it again .

As one day.... i'll be doing a little less trading....

But for right now... there's a few more trades in me yet ! :-)))

Trek

Think we both managed to buy some SUPR when it was trading well below NAV in the 60's and throwing off a double digit yield.

I sold mine as it flew up so quickly I took the capital gains plus divs at that time.

If it starts getting near to paying double digit dividends again i'll be back in within a flash

Notice they have recently drawn some new debt so obviously on the lookout for some cheap property where the opportunity presents.

Obviously I could have just held through all the cycles and will probably do so this time if a double digit entry presents itself again as its times like this that having some boring high yield plays in the portfolio, that require very little monitoring are more appealing

Re. PYX

Looks like a MM squeeze

See these kinda reversals when the MM's are holding very thin amounts.

A very greedy spread.

ASK marked up sharply on a bit of buying pressure

If you can engineer a completely free ride that's got to be the only way to play it atm.

Looking forward to seeing some new appointments to strengthen the BoD

The BoD needs to be significantly bolstered.

A simple CEO & FD combo plus a couple of part time NEDs is fine only for the operations of a very small cap exploration company looking to raise funds again and again

However a proper full scale mining company doesn't run with just a couple of guys at the helm.

Firstly some new management with extensive experience of running day to day ops for mining companies needs to be brought in.

Once a proper management structure is in place it should lay the foundations for a new CEO.

Certain CEO's are brought in to raise finance.

Certain CEO's are brought in to run mining operations

It's horses for courses and I recall somebody mentioning years ago that the market will no that there will be no more placings at the point HAA hands over the batton.

A new CEO coming in and this would rocket.

📈

Would have thought based on guidance anytime over the next couple of weeks.

But could land any day now.

Last year alone I had.

1 x 20 bagger

3 x 10 baggers

Numerous other multibaggers.

All indisputable facts, all recorded.

Loaded the boat on FRES down at 450p

Its all in my posting history, the receipts are all there.

Im already massively up on FRES

I wll be even more massively up on FRES in another 12 months :-))

GLA

Heavy buying of Silver on that dip

Precious metals looking a bit firmer since London markets close yesterday