Member Info for PortfolioPower

While you do your crying

I'll do my buying

Very Happy loading up at this level for incredible gains over the month and years ahead.

GLA

Clearly not going to delist just because the SP is oversold.. that's not how markets work.

This reminds me of the very best premium pandemic bargains I picked up

What an opportunity

GLA

This is how big big money is made out of global events.

Taking advantage when the market is able to serve you.

Just grabbed a massive chunk.

In markets Never bet on the end of the world / doomsday scenario

It only happens once, and if you win, you won't be around to collect anyway.

GLA

Been a decent set up over the past week.

This could move rapidly on the right News.

Hi Mickey

Noticed you were in here so thought I'd take a closer look.

Only just started my research but look at the number of Majors that sit next door to Bassala. All potential JV partners. If MB decides to go down that route.

The initial shallow drills demonstrate commercial grades and if the follow up RC / DD program confirms these continue at depth we would surely be looking at potential multi million oz resource..

Given the strike length of the Gold system, it could potentially host more than one multi million oz deposit.

The geology of the region certainly suggests PAT are in the right place, the grades prove the discovery and at commercial grade. The next phase of drilling looks very exciting.

Will look to start a position here as the floor looks to be in and I have been buying up some juniors recently which I believe to be exciting as this sector is massively over sold and the GDXJ miners saw the largest inflow of cash last month since the start of the pandemic, that coupled with the fact gold has recently broken its extended down trend and is now starting to look very bullish.

GLA.

Yes, the BBC seemed to put a slightly negative spin on the talks, saying "talks ended without agreement" whilst on CNBC they reported as if the talks had gone well.

Who knows, unless you were party to the actual discussions.

What I do know is that I'm just sat on the sidelines like many I suspect waiting to jump in if a way forward is reached that sees troops retreat and russian sanctions lifted.

Who wouldn't want to be in for the ride back up under those circumstances.

GLA

VERY delayed worked order just printed up

23-Feb 17:07:36 0.95 32,878,000 Unknown 312.34k

That's the second one of that size alongside a couple other 6 figure trades.

There has been some other selling pressure that just looks like normal trading, but evidence that a large chunk of the placing appears to have been churned already now.

Could be very close to brakes off time with just a little bit more buying pressure.

Got this one on my watch list and have been reading up over the weekend.

The Upside here could be off the scale if a JV deal is done in India for Bhukia.

I also like the look of Basala, that looks to be a large Gold system being proven up.

Those aside, it looks like even if PAT did nothing at all for the next two years they have a free ride at Labola and will own 20% of a Gold mine that will be going into production with PAT earning 20% of the proceeds of the gold production with an option to increase this to 30%.

Does anyone have any estimates on what the open pit production at Labola is likely to be?

Could we be looking at 100,000oz p.a. over say 8 year mine life with an AISC of say $900oz.

Even if PAT were receiving 20% of those kinds of revenue, that's massive and could be used to fund Basala into production.

I will keep doing some more research, but a RNS confirming a solid PEA for Labola could double or treble the SP here overnight and at the same time put a floor under the SP at the enhanced value.

Seen it happen with other shares when a PEA is announced as the MM's generally gap the SP immediately to the new fair value of the asset.

Difficult to estimate at this stage but it's clearly being worked on at present.

I will keep researching into the other projects, but I like what I've seen so far.

GLA

Either way, usually when an agreement on a sale / deal is annouced (regardless of when it's likely to complete) the SP generally gaps immediately to the price agreed.

@cyber

I agree, I don't think there is anything stopping another Major tabling an offer for say $500m.

It makes no difference to them whoever they have to pay to get the asset., I.e 50% of the sale proceeds to AA if a deal concludes prior to June 1st 2023.

But it would make a BIG difference to XTR shareholders if we sell to a rival before 1st June next year, as 50% of the those sale proceeds would have to be paid across to AA. (We would effectively only get half). Something to bear in mind.

I do see CB doing a deal with AA.

But in the event he does a deal with another major, it would likely be with a completion date set for 2nd June 2023 so that we don't have to pay 50% of the sale proceeds to AA.

I think it will become clear soon enough over the next few weeks that things are moving in Ethiopia.

I took a look at the 2 contractors websites to see what other projects they are involved with.

They are dealing with the construction of some of the largest mines presently under development in Africa and their clients are all the mid tiers and major mining companies operating in Africa.

GLA

Thanks Rob

Reading the buy back option again, it doesn't even need to be a 2mil JORC, as a decision to mine would also trigger the option

"Anglo Buy-back option"

"Under the terms the Bushranger Acquisition agreement, if a deposit of greater than 2 million tons of contained Cu equivalent (e.g. 450Mt @ 0.45% Cu equivalent) is ultimately identified, Anglo may buy-back 80% of the Racecourse deposit at fair market value as determined by an Independent Expert in accordance with the JORC and Valmin Code. Anglo and ProspectOre would then provide funding pro-rata to their interests, save that ProspectOre may decide not to provide its share of funding and be diluted, ultimately retaining a 0.75% net smelter royalty (NSR). If a "Decision to Mine" is taken by ProspectOre prior to the identification of 2 million tons of contained Cu equivalent, Anglo also have an opportunity to exercise the buy-back. Anglo have a once-only opportunity to exercise the 80% buy-back whether the opportunity comes through the discovery of 2 million tons of contained Cu equivalent or a decision to mine.



If Anglo does not exercise the buy-back and ProspectOre ultimately develops a mine, ProspectOre would hold a 100% project interest, less 3.5% in NSR royalties and a A$7.5 million development payment to historic holders (which includes Anglo).



Future Sale of Anglo Tenements

In the event that within three years of completion of the acquisition of the Anglo Exploration Tenements, ProspectOre sells the Anglo Tenements, ProspectOre must notify Anglo of the sale and if the sale value is more than A$100,000, an additional payment is due to Anglo equal to 50% of the sale value in excess of A$100,000. If the sale value is less than or equal to A$100,000 no further payment is due to Anglo"

...........So the Crunch clearly comes as we edge towards the '3 year period post sale (next June) as I can see it. Well surely much sooner than then to allow them time to conclude the legals etc.

AA have a one time shot at closing out a deal in this time per3uod to buy back, after June next year, we can sell / JV with another major and won't have to pay 50% to AA, therefore the pressure will surely increase on AA to look to put an attractive package together before next year or potentially lose out big time.

The current spike in inflation we are experiencing has been created in the main by the present high energy prices.

This isn't something in itself that raising interest rates would correct.

It's also true that both the FED and the BoE seem quietly happy to let inflation rip for a little while due to the positive impact on their respective sovereign debt.

Russia is a whole different ball game.

Either way, higher inflation will be with us for a while yet and that will see the price of gold continue to rise.

Whilst I don't think there needs to be any rush to sell as the copper price is only going one way over the next decade, won't a 2mil resource immediately trigger the AA option?

Hope so Max.

Silver is rediciulously mis priced atm.

I want to see Gold move past the recent year high this week and hopefully through $2000 in March

This will drag Silver with it, I'm targeting $30+ silver over the next month or two.

Gold seeing steady inflows today driven by wider market anxieties.

Have loaded up on more SGLP & SLVP ETC's with the cash I was holding as a solid inflation hedge.

Simply incredible to watch the PM price action over the past few sessions.

The PM's starting to get bought back up now after the earlier US open sell off.

Suspect pressure will gradually start to build back up again after some earlier profit taking.

Silver & Gold breakout rejected on this occasion unfortunately.

The yanks bought the rumour over the past few weeks and sold the news earlier so that killed the action for today.

Let's see how things progress over the coming days & weeks as higher inflation starts to really kick in.

All the underlying macro factors persist.