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I tried multiple limit orders for lower and they just never get filled, even my limit orders at 0.08 - 0.082 range never got filled. So I've just had to buy in the open market.

Recent placing at KAT was 0.01p and the other thing is that I'm sure AIM rules prohibit any placings below 0.01p so probably further protection to the upside in that even of they raise more cash it would again need to be at a premium to the present SP.

Any.. GLA. It looks a great entry and I just noticed LW has joined in over there.

Hi swissy

There are some big traders in ARCM who will probably trade that sideways range of 165-185 until news.

When the bid last hit 1.6 lots of 1m tranches came flooding in.. then when the bid hit 1.85 the same tranches exited.... followed by a raft of negative posts... lol

You are correct that AA will be calling the shots in terms of what news is released snd when, the next news is probably going to come from their Botswana licence where ARC are about to drill themselves.

Can't say when KAT will release their next few updates but they are probably likely to be far more transformative to their SP in the very near term as a sudden volume spike and the MM's would mark it up sharply.

The MM's opened up the SP at MNRG yesterday c.40%+ and that was just on the indication that a new asset is about to be transferred into what is effectively a cash shell.

ARCM and KAV will play out over the next 3-6 months and are fully cashed up now so no concerns on that front. It's the prospect of landing on a Tier 1 discovery in both that the market will be following.

KAT is in the accumulation zone as once the new CEO is in then the media & PR will start and the SP should be well north of the 1p placing price by then. Its a micro cap so like HEX any real pressure on the buy side for a few sessions and it could easily double or more (especially from its present £1m market cap). The fact this is practically covered by cash lends me a lot of confidence that the opportunity is very much skewed to the upside.

Fig. 3 & Fig. 4 of the RNS are the most crucial parts for me as it shows the location of the samples over what is around a 230m area of outcropping.

Following on from this they plan a step-out program to broaden out this potential discovery zone and one imagines a drill program will follow up on this.

At the moment it's a very promising start over a relatively small area.

If when stepping out they see a continuation of similar results this could have very exciting potential given the proximity to Azure and the cash that's been thrown at that.

Artemis found 4% Li2O - a promising area near to Azures find .

Only rock chip samples at this stage however.

https://www.londonstockexchange.com/news-article/ARV/rock-chip-results-from-mt-marie/16461072

Don't need me to tell you how AIM works Dai.

Buy on the lows on the chart ahead of news when already cashed up is about a good as it gets.

Would personally like to see them nail down a JV for EH with one of the local Aussie silver comps. Most likely to be another junior or mid tier when EH would sit well amongst their existing projects and where they could quickly add value.

> Silver Mines Ltd ASX: SVL

> Manuka Resources Ltd ASX: MKR

> Boab Metals Ltd ASX: BML

> Investigator Resources Ltd ASX: IVR

Silver mines would have the cash to move quickly, the others are in the region, Boab are fairly near to EH and investigator owns the Paris silver project, a potential 1-million-tonne-per-year mine, which the company says is the highest grade non-by-product undeveloped silver project in Australia.

Following an extensive infill drilling program in late 2020, an updated mineral resource estimate of 18.8Mt at 88g/t silver and 0.52% lead for 51.1Mozs and 97.6kt lead was reported in June 2021.

Anything over about 50g/t is generally considered high-grade when it comes to silver

Elizabeth Hill has thrown out some ultra high grade drill results in its history, far higher than IVR's Paris project.

IVR sits at around 85m market cap

EH requires lots of expansion drilling of the surrounding halo region to model up a increased JORC model and / or PFS/PEA.

They probably have a fair bit of data from previous drill campaigns that sits in the core sheds that as yet hasn't been amalgamated into any new block modelling, but could be used to incorporate into a new data set.

That would probably mean a drill campaign with a minimum spend of £4-5 million.

A JV with any of the above in return for £4m+ free carry and get the rigs back onto EH would be an exciting prospect given some of the previous drill results from EH rank up there with some of the highest grade silver intercepts reported in recent memory.

Not sure what the potential Target resource could reach with the Halo all mapped in. Possibly it would now inevitable also incorporate the much wider munni munni PGM's license into an potentially greatly enlarged combined resource.

I noticed you in a few shares I'm interested in.

What's the latest with TRP?

I noticed GBP had a recent spike up and straight back down off the back of developments in Namibia.

I was surprised TRP didn't catch much of a bid.

What's the latest plans from JA?

Accumulation zone down here at a very nice discount to the recent 1p placing.

Dai

Are you still in, and did you grab some on the recent low.

It's bouncing back nicely.

Yeah only a couple Dai so I thought id use that to my advantage and take a couple of top ups well below the recent placing price.

I had had a limit order to take some anyway that came into range today but didn't get actioned for whatever reason and just expired at the end of the session so I've still got a bit of extra dry powder before I get to a full position.

Well they either need to get it back into their control first or be paid the £798k.

Either one of those things will there or thereabouts should double the SP.

Just waiting on the next red dot

That's it Dai.

A further £1.875m into the bank and they have just raised £850k on top of the cash held and the m/cap is just a shade over £1m and they are also owed £798k in payments under the terms of their JV partnership which looks like unravelling so they will either get that payment in or regain control of a gold asset with over 500,000+ oz Gold JORC Resource.

Link even :-)

They've just done the raise at 1p to aquire the new assets Dai.

That's in the missing RNS

Details of which are in fhe lonk below.

https://polaris.brighterir.com/public/katoro_gold/news/rns/story/xljg7pr

Dai,

It's taken quite a bit of digging around at KAT to find information. But I'll start putting some more up over there at some stage.

As i understand it....The issue is that if management is changing and it's someone who is also a director with another listed entity and also assets are coming in from another listed entity they are not allowed to make forward looking statements about this type of transaction in the same way as they could if they were bringing in someone or some assets that aren't connected to other listed companies without getting approval from both nomads.

Unfortunately that can mean deals are being negotiated and the market isn't kept upto date until both parties are happy to announce things as and when they are at the point of completion.

This also applies in some respects to ARCM and the land they have in a JV with Anglo American.

They could already have world class intercepts from their first drill hole, but if Anglo decide they don't want to release the assay results to market just yet, then the junior partner on the JV has to suck it up..... for now at least.

@LW

Re KAT

LC is going - both him and his sidekick are being moved on.

Paul Johson and Gervais heddle have been getting involved behind the scenes.

The whispers are that some assets from POW will be spun into KAT.

Two of the old school GGP guys in there arm and LC on fhe way out.

Can be hardly any aim participants who are aware that changes are afoot..... but they are.

But I imagine there will be plenty of coverage when news lands.

And.....

Won't be surprised to see a wall of cash from some of the old GGP crew going in once all is revealed.

Oh... and the name is about to be changed also to Katoro Global.

-

Some of these BOD restructuring plays can be amazing. - thinking about the likes of ZpHR when they were 0.5p then Colin Harrington was made CEO and a name change and they flew up to 8p (presently 5p)

@Dai,

Re KAT - the market cap is fully covered by cash held -

Recent raise at premium to present SP.

Just waiting on new CEO appointment before they can start the announcements.

It's got some very shrewd backers in GH and PJ and the same Purebond guys behind KAV.

Trading at a discount to the recent raise just like KAV until its SP doubled.

Tro,

Did you buy some MNRG the other week after mentioning them on here?

Practically my entire portfolio was blue yesterday (apart from just one share)

Definitely feels like the markets have turned a corner recently.

Especially the small caps where some have been doubling over the course of just a few sessions.

Its good to see funds flowing back into AIM.

Plenty of UK companies still look very cheap compared to their USA based peers.

FTSE100 looks to be trending towards yet another new all time high.