Member Info for PortfolioPower

@pickuzawinnah

Thanks and same here.

This feels for more solid now with the three Gold mines all about to go into development phase and we are clearly massively undervalued at the present market cap which has them ridiculously priced at just 8m each!

That's a severe discount by any measure to fair value with MRE's held and established JORC resources with multi million oz of Gold which is why I have been happy accumulating at this level

I bought into Cora this time last year at just above 7p ahead of their assays, which were very decent initial result, backed up by more decent results and it went on a lovely run up to about 20p.

Then the Quirk's dropped the details on the proposed term sheet to fund the build out at which stage I completely closed out rapidly as it just looked so one sided, overly greedy and didn't appear to leave anything on the table for PI's.

Looked a very poor move by Cora, well lionshead aka quirks

They have since fallen all way back to 7p.

Jurisdiction shouldn't phase anyone

KOD has seen a decent 21%+ bounce in the past week having sold off purely down to jurisdiction.

I'm not ready to consider Cora again just yet, but HUM is looking cheap atm and can't see any reason why it shouldn't recover back to the 20p+ range

GLA

Hi Elingles.

I think you are right, we do have a raft of expected updates and it will be great if we can land these on or around the new ISA tax year to coincide with the planned corporate update presentation.

Hawiah is presently part-way through its Preliminary Feasibility Study so expecting an update on this which often sees an resourse upgrade at PFS stage.

TK is going through the satisfaction of the conditions precedent process, and the monthly ministry of mines update next week should hopefully tick a few more boxes off, I.e insurance & contractors update on final costs.

I think many might have missed just how far advanced JQ is. We already have the PEA, funding is in place and no issue and we have been given a heads up that we should be expecting the ML.

I'll be happy to see the SP making some steady progress back towards the 1p range over the next few weeks and I'm sure all those presently on the sidelines will start jumping in then.

GLA

"With the recent appointments to strengthen the team this is starting to have a material impact on progress on the ground helping GCAT to achieve its milestones"

VSA Capital Target Price 4.2p.

Can see Caracal being a regular feature on the dauly risers list now over the coming weeks.

Zak's initial target of 1.4p then 1.9p ATH looks good as we recover from this grossly oversold position

Well done to anyone getting in at these basement prices.

1.08p PAID

Literally just warming up here with the news incoming now.

It's simply the multiple sets of anticipated game changing news flow incoming that now makes this a very strong buy and those that understand won't delay in position taking now.

Next stop:

- Assay results
- New potential Gold discovery Zone
- Q1 production numbers
- Potential Resources upgrades

All due over the next week or two.

Best get some skin in the game if wanting to ride thei back up to the ATH of 1.9p and then onwards to the VSA Capital year end target of 4.2p

GLA

Alongside the Mandatory update to the ministry next week

Hawiah news is also due any time now.

"The metallurgical test work completed for the heap leach plant showed excellent gold recoveries, and the initial recoveries from the first 5,000t processed on site are firmly in line with this."

'General Manager of the Kilimapesa Gold Mining and Processing, Riaan Lombard said: "The commissioning of this new facility enables us to treat the 40,000t of low-grade material stockpiled over the last few months and is another key milestone in the major expansion program currently being implemented at our Kilimapesa Gold Mining and Processing Operations."

Today's RNS is confirmation if any was needed that we are set for ongoing production increases as we move through the year.

As each successive heap leach module coming on line brings with it a nice production uplift.

Great News!

"The Company is pleased to confirm that construction of its new heap leach plant is on schedule and is expected to positively impact cash flow, in line with the Company's projections. This underscores the Company's commitment to increase production to 24,000oz pa at its Kilimapesa Gold Mining and Processing Operations.

The heap leach process, with its operational efficiency gains and low operating costs, will enable Caracal to maximise the gold recovered from our Kilimapesa Gold Mining and Processing Operations"

@Suggins

Maybe a question for JB or Andrew Raca at VSA
To ask, the only other thing I could think of (and it's all speculation), is that when we kicked Novum out, they have just sold off any stock they had left. Not sure if you noticed, but there appeared ro be a large off book transaction a week or so ago, which would have definitely been a Tr1 size unless it was a sale between the brokers who have just gentle fed these back into the market in an orderly manner.

VSA oe Clear capital might be able to clarify for certain.

Another strong day.

Nice and calm bb also.

Everyone must be relaxing, feet up with their favourite drink whilst casually admiring the chart here with a confident assuring smile. :-)

GLA

We know that Goldplat have sold $450k into the market having received shares instead of cash for their final tranche payment, (no issue with that as it preserves GCAT's company cash)

If Goldplat's core holding has remained the same, and they simply sold the $450k they had been given in new shares then I don't think they need to issue any Tr1.

The rest has just been the last of the placing shares which were unsubscribed, which look fo have been drying up now, but which have offered the present opportunity to accumulate below the 1.25p buy in price of ORCA, who hold 10% and have done their research.

The SP has now started to tick back up, so looks like the bottom is in.

By any metric, this is grossly undervalued and a proper re -rating back up towards the ATH can't be too far away now.

GLA

Chart starting to look a lot better now over the last week as the buyers are moving in ahead of the assays stated to land before end of Q1.

I noticed Zak has covered GCAT today having picked up on the recent bear trap reversal. Stating a break of 1.10p opens up a clear run to 1.40p

If the assay results are decent that should hopefully do the trick and then immediately back to back with these we should be getting the Q1 production update within days of the Assay results, hopefully taking us back towards the ATH of 1.9p which would still look cheap given all the progress made since listing.

Thanks

This really has moved up strongly

Wish I had taken more a few weeks ago!

Just starting to take a look at this one, Are the individual projects held separately within SPV's to allow an individual project level farm in to occur and what level of funding are we looking at needing for a horizontal drill, multi well establishment and FPSO?

Is there a CPR setting out all the project costs?

Do we think they are initially looking to raise for a drill and then seek a JV if successful or look to secure a farm in?

It's an interesting company as I can see the government wanting more new North Sea exploration now.

We definitely need these type of short cycle fields to come on stream as part of our wider mix of energy security

@LoA

I think that's because these are two different metrics of measuring future value being adopted by the two different reports.

The NPV8 of $348m based upon a spot price of gold at $1750 is typically adopted by the financiers for resource developments.

The research note valuation is based upon the free cash flow enabling a Dividend of 0.9p p/share to be paid which at present similar sector priject yeilds equate to a share price of circa 9.5p

Whilst the fixed costs and overheads can be accurately modelled into both of these projections, they do use a conservative price of Gold in both.

If Gold rises to $2500 the free cash flow generation would move from circa $75m pa. To nearer to 110m+ p.a.

That would equate to a much higher SP, but it could also be argued that a higher gold price may also see increases in some of the other moving costs such as labour.

Whenever I look at any broker analysis on a individual stock its generally good to take the consensus view.

The good things is that they are all in agreement that the upside is many multiples from here combined with a nice dividend payment.

Excellent point made.

The current drill program and pending assay results are designed to be confirmatory of both a new discovery zone and modelling towards a resource expansion to 2Moz+ Gold.

The present market cap is insanely cheap if this is a new hit & extension

Should be at least double just for starters.

The artisanal zones nearby the mine which have never previously been drilled which were very high grade at surface and could run down to significant depth.

Really looking forward to the incoming assays now and a potential large open pit extension to our existing operations and resource upgrade.

GLA

I agree

As its clear inflation is going to see a huge rotation into this sector

Anyway....

ORCA were very happy loaded up here big time at 1.25p so it's nice getting in below the institutions.

1p PAID so I'd suggest don't delay.