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wouldn't be surprised if our near neighbours anto***asta weren't monitoring developments extremely closely

anto have also made announcements to the markets they have set aside £3.5 billion for mergers and acquisitions.

@LW

Omi on the move again today also.

Posted about GSCU on here when it was 1.1p.

It's starting to prove up a district scale discovery

They have gradually acquired all the licences, part of which was previously mined by their neighbours ANTO who only really scratched the surface back in the 1980's before concentrating on their other land holdings nearby (and you can see how their SP has done since the 80's!!!

Sam has hit some fantastic grades that far exceeded what was believed to be in place.

It's more than interesting as Sam Garatt was part of the discovery team at Havieron and Gervais heddle is also invested.

No one wanted it when it was 1.1p and only me and Tro were posting over there.

could well be the next solg

could also see some serious interest from their neighbours anto***asta.

and given anto have committed to develop the region, they will be keeping a very close eye on this ground .

q) what have anto set aside for m&a?

a) £3.5billion.

plenty of scope for potentially one of the biggest jv deals in the london junior markets history

gla

Interesting to read that the crypto crowd over on the ARB bb are starting to take a look at both gold and gold miners.

Interesting to see that even they are musing that we could see a big cycle out of US tech and into gold miners at some stage as the disconnect grows ever larger.

When Orwell put pen ro paper it's was meant to be a 'warning' for the citizens .

Not a 'playbook' for the ruling classes.

The irony of course is that in true 'Doublethink' style it's has ended up as both :-)

Another RNS just landed today @ 16:24

24 February 2025

Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara")

Statement regarding John Wood Group PLC ("Wood")

Sidara notes the recent announcement by Wood and confirms that Sidara made a preliminary approach to the Board of Wood regarding a possible cash offer for the entire issued share capital of Wood.

It's the net debt burden which is the present drag on price. If they can aquire the company for anything around £1 they can easily restructure or clear.the debt and add significant value post acquisition and then have a stake in strategic UK oil n gas assets.

Exactly. and they are at a huge advantage to anyone else now, even if a UK Private equity firm were to come in late in the piece, as the Saudis have already done their DD and know exactly what they are getting.

They can probably sell a dream of bringing back the glory days to Aberdeen abit like how football fans get excited by a Saudi takeover. :-))

Https://www.kitco.com/news/article/2025-02-21/us-stock-market-wealth-skyrockets-expert-warns-correction-imminent-time

The UK continues to be pillaged

Last year Sidera were eyeing up a bid at 230p

Wood therefore allowed them access to all the Financials and Sidera completed their DD,.but decided against it at that time.

They are now back at the negotiation table.

I wonder what price would be acceptable to get the deal done.

More UK oil and gas assets flogged on the cheap no doubt. ( to the Saudis this time!)

You couldn't make this up really.

RNS just landed at Wood Group confirming that the earlier T/O talk rumours..... are in fact true.

Well done to those who scooped some on the lows

A fair few shorters caught out over there today.

Looks like a few caught out on the short side :-)

John Wood Group PLC

LON: WG

BIg intra day spile up

Well done to those who took a punt on the lows.

WOOD group

On a rip... big spike up there

2 year chart for Gold looking really is looking strong

Tagged $2950/oz again today

@LW

It's done great with an OMI sized move... albeit at a far steadier climb without the high octaine volatility of a small cap.

It's managed to get through the crucial levels of £50-100m market cap where the small cap funds take positions and take up the heavy lifting from the retail punters down on the lows.

It's move started around the same time I put a marker post over on GJGB regarding both Gold price and the juniors.

The price differential is now even more stark between the two right now.

It has slowly edged back into the buying zone as now the JV drilling with Anglo American is finally up and running and they have hit some decent grades with the first drill and they are free carried on the drilling for getting on for the best part of $90 million dollars drill spend.

Their licence area is smack bang in between 2 x Tier 1 mines, I'm not sure it's gonna drift all the way back to previous recent support levels as IF they hit another lot of decent intercepts the market really will have to start to take notice.

It's given some decent trading ops, but if they can keep getting repeat hits, there may come a time to go long...... and stay long as a True Tier 1 is valued in the $billion+ range.

Hi Dai,

Looks like the profit taking over the last couple of weeks has slowed right down today.