Member Info for PortfolioPower

@LW

Yes agree re cora needing that licence. There was a £100k trade over there about 3 weeks ago at 2.50p.

Have taken a starter position In CGNR as any farm in news will 10 bag it, just like what happened with ORCA when I flagged that on here back in 2023. That went 2p to 25p in a flash on farm in news.

Suspect there is some shorts who have got overly greedy and just like on ORCA when they were revelling in the take down to 2p then need to cover in an illiquid stock hard to buy in size on the lows (just like OMI was) just sees it fly up quickly as fhe valuation of the underlying asset is many times what the market cap is.

Like the fact CGNR are also remodeling over 30,000m of historic drill core working not only towards a resource upgrade for the gold but also modelling in the zinc and antimony and analysing the core logs to identify the high grade zones as primary targets for their next drill program.

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 fostercille 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.

They should never have done the JV with Demir who arent even a mining house when Anglo Asian were originally interested and wanted to take it into productuon but Demir offered more money and seemingly wasted it on some crazy step out hole project probably hoping for a Hollywood hit...(drilling in the wrong direction anyone?)

CGNR has also previously hit 100m long gold intercepts. What could they throw off it they actually did some deeper drilling down to 400m?

First job is to land a partner which with gold on a rip it shouldn't be too difficult to structure a deal as the asset level and if they were super clever they could even offer some sensible priced warrants much higher up that would comfortably get 'into the money' if the SP does do a 10 x allowing an almost free ride investment for a finance partner or JV partner to come and farm in and add significant value.

Next release a resource upgrade and identify all fhe high grade zones from previous drilling to establish new targets with a high chance of further success.

Then get the drilling back underway with gold on a rip this should wake the market back up.

So far I've just taken a starter position to have some skin ahead of any developments.

Many similarities to the situation OMI we're in when they were 2p and certain posters were trying their hardest to deter the bargain hunters.

I wouldn't be surprised if they haven't had talks with Lundin mining, as the prof sold them his zinc mine in Ireland for c.$125m and Lundin were making over $47m per annum in free cash flow at one stage so know how to lucrativly monetise

@ID78

LEX is another back on the watchlist.

I've held it twice previously in 2022 when they were releasing regular drill results from their US projects and then start of last year.

Their Harmony JV could prove very good but I'm sure you've noticed that out of the 'headline' 6.02 Moz of gold with an average grade of 6.47 g/t. 4.88 Moz at 6.48 g/t gold is located in a Buffer Zone currently held by Harmony, and 1.14 Moz at 6.41 g/t gold is located in the existing JV area (the area covered by the Jelani Resources Prospecting Right), giving net attributable total resources to LEX of 2.72 Mt for 0.56 Moz of gold.

So whilst it's great lex have 0.5moz exposure to this JV the terms upon which they can monetize this involve getting it to a bankable feesabilty stage and this will require further cash imput and being a minority party to the JV they don't have the optionality to do a deal with anyone else to progress it and I'm guessing if they don't keep up the payments to progress they will have to surrender to harmony. However, If they can progress this then their share of the gold will increase to 10.78 Mt for 2.24 Moz of gold should the JV parties proceed to future production.

With infrastructure and shafts already in place this is a sizable project that could be potentially advanced to production fairly quickly as the gold price must be making the economics of doing so very attractive.

Their other white river targets look interesting

They own 74% here

Bothaville has just had an exploration target modelled up.

They plan to upgrade this to a full Maiden resource.

So I'm guessing they will arrange the finance and then get the drills out in the field.

Their website appears to be down atm.

I think Trek is a holder but im sure I read a comment from him stating that he believes they are just about to announce a fund raise.

Probably to fund the drilling of Bothaville and their other WRE targets.

If they can convert that resource 'target' into a compliant resource that could unlock a lot of potential value.

In general I would like to see the whole sector moving & not just the junior exploration comps.

If the whole sector start to move it'll be good for everyone including KEFI & CGNR so good luck!

Pedro

FWIW.. I sincerely hope your bet with KEFI works out.

Agreed, I posted late yesterday that they had booked out Booth 2348, as the PDAC website had been updated.

Canadian market seemed to like it.

SP chart looking very strong.

Almost identical posts to what we saw over on OMI when I was loading up at 2p & 3p & 4p over there.

One of the posters who inferred it was going lower is now boasting about having made over £150,000 now that the price has moved back up.

No issue with anyone making money but it will be very duplicitous to argue that there isn't the opportunity for a rapid 10 x.from these levels and then come back later claiming that you had been secretly loading up.

To mitigate against any price fluctuations I am doing what I did over at OMI.

Starting by firstly getting some skin in the game then plan to scale in over the coming weeks.

If an RNS lands and the price is 6p/7p/8p /9p I'll still be happy to add as I will have got my cheap ones tucked away and the share will be off on a rum with momentum taking it higher.

£15-£20m for a proven resource with the direction gold is heading isn't unreasonable.

Yes partnering with demir was a huge mistake and hindsight is always 20/20 just like OMI who had Newmont who drilled 'in the wrong direction' and hit a duster, then OMI raise just £800k and with a single drill wirking in the field hit a 100 metre long intercept and the shares have gone from 2p to 14p

Both company licenses are former Antimony mines where they are now discovering gold trends

Even the most bearish of posters believes its likely that CGNR will either get a partner and or be able to raise £1m.

If OMI can take just £800k and put a single rig on site and create value, then from a standing start market cap of £1.5m, its really not difficult to envisage CGNR being able to make some sizable gains from here.

My screener is flagging CGNR as the most undervalued Gold Junior with a proven resource on the London market.

If it was being brought to market for the first time tomorrow with the JORC resourse they already have and the potential across a 40km+ gold trend it woild probably IPO around £20m market cap.

Markets often have things mispriced to the downside, but when they do the correction to fair value often results in a violent re-rating.

I posted a little snippet over on GGP earlier as a reminder of when GGP was 0.29p and rampers were looking for 0.6p and so many sold at 2p and missed our on the really big re-rate as most were happy with just a 5-10 bagger.

If CGNR go on to prove up a district scale discovery with multiple clontibret analogue this will probably surpass the value that we saw when the profs other venture the zinc mine 'Arcon Resources' was sold to 'Lundin mining' for c.$123m back in 2005.

The present valuation is a gift.

Flashback Friday for a bit of retro charting fun

https://youtu.be/gJ-0kRFr-EQ?feature=shared

When the shares were 'holding the 200 day line around 0.29p'

"Looking for 0.6p over the next 3 to 4 months"

:-))

15-20p is actually very interesting range.

Never mind the junior exploration funds starting to nibble. Once this hits c.£50m market cap many of the generalist micro cap and special situation funds will be obliged to start buying as it will be ticking all their indicators / metrics.

Not just that, but there are many small cap traders who use stock screeners to identify £35m+ market cap stocks that are on a absolute rip that look good candidates to load for the above scenario.

This is now right on the cusp of being flagged up on the radar of a much wider (global) market.

Almost perfect timing as Gold stocks become back en vogue as Gold continues to set new ATH's right throughout 2925

GLA

O Canada!

Our home and native land!

True patriot love in all of us command.

With glowing hearts we see thee rise,

The True North strong and free!

From far and wide,

O Canada, we stand on guard for thee.

God keep our land glorious and free!

O Canada, we stand on guard for thee

:-))

I don't know, but PDAC website is showing them as having a booth allocated at the exhibition?

OMI are exhibiting at the PDAC conference in Toronto, Canada from the 2nd to 5th March so only a couple of weeks away.

Guessing some of these intercepts are going to make for interesting discussion around Booth 2348!

The Gold juniors haven't even got going yet.

When gold eventually goes through $3000 and the tech space cools off, I can see the whole gold sector waking up massively.

Those that played it well last time should do even better this time around as so many unloved bargains out there atm

OMI > 34% up over in Canada atm.

Looking like another strong finish to the week for Orosur.

31% up on TSX now.

Nice :-)

31% up on TSX now.

Started scaling into CGNR

Massively oversold and battered down to effectively break up value.

517,000oz gold JORC on just 20% of one license where they hold all the licenses across a 44km trend line.

Massively unloved just like OMI was at 2p when no one wanted it.

Now it's 12p crowd piling in.

OMI - 25% gsp up on the TSX.

.....It's funny isn't it.... things really took off on fhe Agnco RNS..

Sometimes it's some left field news that puts a rocket under the SP, the MM's opened it up about 100% and then all of a sudden everyone wanted in paying many multiples of what they could have bought it for just a few days earlier.

Present SP action is just part of a normal re-rating process.

Seen this at each level on the way up over the past few months.

GLA