Member Info for PortfolioPower

I think they would be utter fools not to take advantage of the momentum and raise some more cash.

The recent placing down at 0.065p was oversubscribed and it's multibagged from there.

They should raise while the going is good as they can potentially fund a small RC drilling program but if they want to do some deep Diamond drilling they will need to raise at least another £1m+

They could easily keep raising small amounts into this kind of volume as it's getting churned through quickly and no one minds when the price has shown so much strength almost everyone should be 'in the money' or on a free ride now so raising some more cash now gives them greater optionality.

Then US election to get through

So keeping plenty of powder dry,

Although I did add some size into BP on Tuesday as seemed a no brainer.

Kev,

Thought I was late to the party at 0.12 and now looking back wish i had taken a bigger position as its been a text book rise. But I've also been banking gains and no one should ever be afraid to take a profit.

Especially on AIM

Who knows what the upcoming budget will say regarding AIM shares

We shall find out on 30 October

We need alot more details of a drilling program for

Exploration Licence 08/3497

However, the market has clearly liked the potential here and momentum has followed through as each level has been taken out.

PortfolioPower

Posted in: GBP

Posts: 3,980

Price: 0.20

No Opinion

RE: Huge traded volume again26 Sep 2024 14:12

Exploration Licence 08/3497 is undoubtedly showing signs of hosting the largest anomaly, I would imagine this is a high priority target for the initial drill program.

52/4391 and 08/3744, adjacent to 08/3497 show signs of 4 further priority drill targets and adding these brings together a compelling land package that potentially hosts multiple mineral rich deposits.

PortfolioPower

Posted in: GBP

Posts: 3,979

Price: 0.1575

No Opinion

RE: Breakout25 Sep 2024 11:23

If the February highs get taken down then we are firmly into breakout territory here and next targets would be around the 0.4 levels.

Looking strong so far.

PortfolioPower

Posted in: GBP

Posts: 3,979

Price: 0.1225

No Opinion

RE: Ggp20 Sep 2024 11:01

Enjoying seeing this rise for all that are in.

The junior gold exploration sector has taken a bit of a kicking over the past 3 years despite the gold price strength.

Crypto, NFT's, lithium, helium, AI and all sorts of alternative speculative asset classes have turned investors heads over this period and enjoyed their time in the sun.

I think we maybe at the very beginnings of a major rally in the gold juniors.

It is long overdue a dramatic turnaround in fortunes.

Would love for one of these little micro cap goldies to go on a major multi- month news driven rally to really wake the wider market up to just how oversold this sector is.

GLA

Dai,

My Phrase 'going back to the well' was merely a metaphor for needing to raise more cash at some stage.

The original subscribers will be pleased with how things have gone over the past few weeks and could probably be easily tempted to take another scoop!

I did mention this around 0.1p

It's the Gold license that's got all the traders piling in.

More specifically it's callum baxters involvement

He was the geologist that discovered GGP's Havieron multi million oz Gold deposit in western Australia.

This new licence package he has been working on for sometime and has sold into GBP who are planning to drill up sometime in Q4.

Nothing has happened with the oil license for a while but all that could change

They have removed the old BoD

New BoD in.....but.... the new BoD are well known small cap traders.

It's a very interesting mix.

So far so good off the back of some strong ramping.

The drill bit is the truth machine as the saying goes.

Definitely no overhang at GBP.... that got burned through quickly and seems to be moving freely on normal market trading pressure.

Probably get to the stage when they may even consider coming back to the well for some more cash as the interest shown since the new licence acquisitions and BOD changes has been so strong.

WBI Up 10% on the day now.

Might not be that much overhang if forward sold stock and just churning the book now.

Worth keeping an eye on volumes

-

"Pleased to announce"

Anyone?

The ramping over there this week has managed to successfully grt the SP off the floor.

Hmmmm........ I wonder what the next news will be.. :-)))

Nice one GB.

Will take a look

Impressive rise and ongoing SP rally

Kev,

I need to do a bit more research into the agenda for COP29 which is happening in November

But I'm hearing there will be a focus on Carbon credits.

The two listed plays would therefore be Drax which is a 2.4billion market cap or WBI at just 12m market cap.

If this whole carbon credits thing becomes a global mandate it would probably move the needle on Drax.

But it could just be fhe major catalyst that finally causes WBI to go on a Major rally.

Certainly in fhe past when WBI has pumped its all been about the potential of their carbon credit business which some have independently calculated could be worth billions and even bill gates visited Gabon to asses the potential of their managed forestry.

I'll need to refer back to my notes on this over the weekend

Dai,

You asked the question and I did say they probably would.

There you go, as anticipated.....

Gross proceeds of £1 million (approximately $1.3 million) have been raised by way of a subscription (the "Subscription") of 357,142,857 new ordinary shares of 0.01p each in the Company ("New Ordinary Shares") at a price of 0.28 pence per New Ordinary Share (the "Subscription Price").

As far as I'm aware they are now out of the picture as the company subsequently started discussing debt financing at the project level via a bank.

That also never came to anything.

RNS for WSBN just out shows they were running on fumes before this recent placing. Tough markets out there atm. So I don't under appreciate the need for some of these small caps to generate some interest/ hype to draw in the traders to create some liquidity and interest in a stock even if they are gambling for a session or two, it's good to see some interest back in these micro caps as when they do move, they can move really quickly as we are seeing with TRP today.

it's been good good to see some nice strong movers over the past 2 weeks.

If you look back a few years through all the RNS they referred to a previous proposed JV with a company called balluga for £15m costs. That spiked the SP nicely, but they placed into it and again and then the JV never happened.

You have to go back over a decade to when they last actually got a drill underway and that definitely provided some excitement for the SP as you can see on the chart historically.

It's typical though recently of the company to provide scant details allowing speculation to creep in and everyone guessing.

Even the title the RNS leads me to question it more.

There we have it

London, 30 September 2024. Orosur Mining Inc. ("Orosur" or the "Company") (TSX-V/AIM:OMI), announces that it has raised the sum of £835,000 (before expenses) through a placing of 30,035,971 new common shares of no par value ("Placing Shares" or "New Common Shares") at a price of 2.78 pence per Placing Share ("Placing Price"), together with a grant of one unlisted warrant to purchase one additional common share exercisable at US$0.0494 (approximately 3.697p) ("Investor Warrant") for every two Placing Shares subscribed for (together the "Placing"). Completion of the Placing is subject, amongst other things, to admission of the New Common Shares to trading on AIM ("Admission").

The Company held cash of US$500,000 (approximately £370,000) as at 27 September 2024, and the additional funds will be used largely to progress the Company's Anzá exploration project in Colombia. Work at Anzá will include drilling at the Pepas prospect and the engagement of external consultants to examine results from 38,000m of drilling at the APTA prospect to determine if a Mineral Resource Estimate may be developed.

When CORA started to announce drill results on a regular basis back to back throughout the summer a few years back in the run up to their MRE that really helped to support a sustained multi month rally in the SP.

Barrick are still in Mali with a few other big players, not without issues as the bigger player can afford heavily armed security teams.

The whole district is laiden with gold deposits.

It would probably be more difficult to miss the gold that's outcropping at surface.

If they get the ML, all should fall into place as their funding is already agreed.

-

Re OMI.

If theycan deliver a string of quality drill results in fhe run up to a resource model it will underpin a share price at a much higher level.

BG hasn't mentioned it, but I don't know why they don't consider a JV with their licence neighbours Royal Road Minerals who are backed by sprout. They own the neighbouring adjoining license to PEPAS which has also thrown off some amazing drill results but more crucially RRM have around $14m in cash just sat in their balance sheet from memory. So could fund a major exploration drill program if the two were to work together.

Both have multibag potential if everything falls into place.