Member Info for PortfolioPower

NT to buy for size.

No surprise!

There is a trapped short in play here.

Expect to see a few de ramping posts as they need to buy all of the available free float and will try anything to deter new buyers.

A huge squeeze about to play out imo.

Bears on the run panicking now about a farm in deal landing as communicated by the company yesterday.

Same over a TRP recently, when their farm in news landed it did 500% in a single session

Same at ORCA when their farm in landed which everyone said would never happen.... it did more than a 10 x bagger.

Farm in landing here will blow the doors off!!!

GLA

Both technical & fundamental factors plus the expectation of a JV/Farm in deal and resource upgrade model that's presently being worked on.

Ultimately It was waay oversold on low vols with a few shorts in play so these tend to bounce nicely as the reversal kicks in.

Podcast out yesterday probably woke a few more up :-)

CGNR playing out nicely as anticipated

Ticking up on almost every buy

Classic bear trap reversal playing out atm.

Gold price just keeps edging up.

https://www.kitco.com/charts/gold

It's been a relentless almost 45 degree chart over the past couple of years.

Podcast out today.

https://youtu.be/07kMxQbjPXU?feature=shared

"In this episode of The Midweek Takeaway, we’re joined by Senior Geologist Kevin McNulty and CFO Cathal Jones from Conroy Gold and Natural Resources to discuss the latest developments at their Discs of Gold project. With the re-logging of drill core well underway and a 3D geological model under construction, Conroy Gold is laying the groundwork for the next phase of investment. We also explore the potential recognition of Clontibret as a strategic minerals project under the European Critical Raw Materials Act, particularly with antimony playing a crucial role in the project's economics. As the company continues discussions with potential partners, we break down what this means for investors and what key milestones to watch for in 2025"

On another run.

looking strong this month since the pullback end of Jan

Be good to see this back at 8-10p ahead of any Farm in / JV deal landing

Then 30p-40p on deal news

+

Resource upgrade to look forward too

Potential analogue to fosterville gold mine. Not my words but the words of ex barrick gold (Marion.)

If you offered anyone the opportunity to go back prior to before Kirland Lake got involved and drilled deeper at Fosterville you would take it

Potential here is off the scale

Instant 500%-1000%+ SP rise from JV/ farm in.

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Quite easy to see this trading back at 20p-40p range.

All ahead of a deeper drilling program.

Hit fosterville style mineralisation across a multi kilometre gold trend and a GGP. Style rise would be looking conservative.

GLA

They will be looking to put out a compliant resource over the coming months that covers only a small fraction of our total land holdings.

The recent drill results has meant the BOD are happy to keep going with the drill as the size and scale becomes better understood.

Once a MRE is released for APTA / PEPAS This should underpin the valuation in line with other multi million oz resources within region.

Remember, the above licences are only a fraction of the whole ANZA area that OMI control within the mid cauca belt.

We are yet to see what PEPAS 2 reveals.

Is there the potential for another Buriticá / continental gold situation here?

Many here have always thought that's the case.

Not even taking into account El Pantono in Argentina next door to a 6Moz+ Tier one gold mine.

All to play for and lots to look forward too.

GLA

If a JV where 'nothing happened' with a non mining house delivered a 10 x bagger in the last Gold junior cycle.

From today's battered down valuation expect far greater gains this time around.

According to the naysayers ORCA was finished and had zero chance of landing a farm in.

Farm in lands does 10 x bagger.

GGP had newcrest 'walk away'

Does a 157 x bagger

Easy to argue that a fair few 'walked away' in the history of Fosterville.

Here is the Technical report for Fosterville from 2008.

https://www.sec.gov/Archives/edgar/data/72931/000120445908001100/ngxexh9925.htm

Kirkland Lake spotted the potential.

Fosterville had plenty of partnerships and history of exhausting the lower grade open pits

Its when they finally starting exploring much deeper and discovered the high grade zones

The rest is history culminating in an $11billion merger with Agnco.

GLA.

@Bonker99

I remember you and I both calling the floor on FRES SP in March last year. Think you and LWHL were the only other positive posters over there at that time when i was loading up at 440p

Have enjoyed a nice recovery since

I maintained at that time that the sector recovery would be lead by the majors and mid tier and then eventually spill into the junior space.

Having had a great run over at OMI recently having scooped some up at 2-4p range the signs are there that the juniors are primed to make a move and as we know, when they recover, the snap back tends to be rapid.

GLA

Marian (ex barrick gold) who has recently joined appears to have a strong conviction that if they drill deeper than the existing pit model of c.100m down to 300-400m that there is a high chance of hitting fosterville style high grade free gold style mineralisation.

Marian also sits on the board of PDAC where they are exhibiting in a couple of weeks.

The new chairman has basically gone on record to state after the recent placing that there will be no more of that and they will fund the next stage either via JV or finance partner at the assets level.

Reminds me of when GGP decided to drill deeper under the permian cover at Havieron when everyone said it was a 'tough sell.'

All the bashers were repeating 'newcrest walked away' after their initial shallow drilling program

At this stage the share price at GGP dipped to all time lows and it was arguably an even tougher sell than CGNR as they had no defined resource to underpin any value, far tougher access and work environment, even when Newmont came in as JV that was for Ernest Giles, very few folk were saying that drilling deeper at Havieron was going to work out.

Very few other than the GEO's.

Anyway, all of that to look forward too.

Farm in deal first see this open up 500%+ or possibly more as the more folk say it isn't likely to happen the far bigger the re-rating is

Like TRP farm in announcement last year 500% in a single session.

The more people argue is won't happen the bigger the re rate.

£15m market cap for starters wouldn't be out of the question with a farm in deal.

GLA

"Oh yes a funding agreement or a JV. That would do the trick wouldn't it"

YES,

You're slowly getting it, although I don't really want you to. :-)

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That's exactly how it works.

Even TRP shot up 500%+ on the 10th January last month when their Farm in agreement RNS landed.

And there were hundreds of posters saying it would never happen over there.

GL

The fact you fail to understand that a farm in agreement or finance at the asset level landing will dramtically move the price to the upside just like we saw at ORCA demonstrates that you don't / won't understand and likely never will.

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I'm not hear to change your stance

I'm here to profit from it.

@Mrdigit

I remember the days when GGP was too small to be on the radar of any funds and holders were peeved when it didn't get a particularly good rating from rick rule.

Ironically it's now forming part of the sprott gold juniors ETF!

I remember during the meteoric rise when the GDXJ first bought in which catapulted the shares higher.

Signs of institutional block buying of OMI stock is an excellent indicator of SP trajectory and this all seemed to kick off the other week whe we saw some dark pool liquidity that's nor been seen since OMI last ran up to 45p.

It's definitely edging onto the radar now!!

GLA

Just sounding now like there is some pathetic shorts who have got overly greedy and just like on ORCA when they were revelling in the take down to 2p. They got their karma and then some!

The smart ones closed out and moved on profits banked.. The ones that didn't and advertised their perilous position by their repeated inane posts getting repeatedly 'triggered' by any prospect of a sharp reversal from the prospect of a farm-in agreement found themselves horrendously exposed & needing to cover in an illiquid stock thats hard to buy in size on the lows (just like OMI was) leading to a sudden and rapid increase in share price as the valuation of the underlying assets is many times what the market cap is.

2p to 25p on farm in news over at ORCA.

Same situation coming here.

Chart is no different to any other junior exploration company that's been around for a long time. Most are defined by periods of aggressive price and volume spikes on the chart at defined inflection points.

EUA was said to be a classic example of rolling short covering pushing the price higher and higher all the way to a crazy 1.5bil market cap.

More often than not fundamentals go out the window to both the upside and the downside often massively overshooting in both directions.

When OMI was 2p-3p range, no one wanted it. In fact there was a couple of posters practically begging folk not to buy at that time.

To be precise probably only 4 or 5 traders that I know were actually buying it at that level (all with excellent track records in this space) even though some days there would be little to no trades often for a day or two other than a few speculative buys.

Since raising £800k and getting back onto the field with a single rig the market is piling in en mass, but the cheap entry isn't available over there anymore even though it looks obvious now that it was a good opportunity.

The initial big move up has been missed by those who were unable to spot the opportunity on offer.

Same will happen here.