Member Info for Rover62

We are still in the same position as Friday. Nothing has changed other than a few days closer to news.

My only wish is that I’d got some funds to invest. I’d topped up with all my spare last week.

Looks like a PI off loaded 1.35 million shares this morning.
Hope they just needed to get their cash for some reason.

License could drop tomorrow as part of an electioneering ploy!

I found this and do not understand
https://www.nsenergybusiness.com/news/horizonte-minerals-gold-boorara-gold/

Some mining concerns use NVP10 for their figures.

Why?
What would this do to HZM figures?

Seller maybe a distressed seller or someone who had sold a house and found a home to invest short term. May now need the cash for purchase of a new house. All possible.

If I remember The AA Ireland concern was sold off in 2016.
But that’s not the reason for the Mcap today.

If there were any, at at one part per billion. That would be 5000 Troy ounces, and at $11k.
£55m before capex to extract which is difficult. Not worth it.

When the question was asked I looked into it, but did not reply as I’m not sure what I was doing.
Not a single mention in any of the Amur literature.
From general geological stuff for this type of ore Rhodium could make up one part per billion.
That’s when I stopped research as it seamed insignificant.
I don’t remember the links, so please treat this as pure nonsense.

I wish. Mine 85p and I know a few here will be north of that by a long way.
Mine was at £2.05 but have averaged down over the past year.

To grow a few figures around for discussion.

NVP approx $450m
Capex approx $40m
Finance @75%
ACP needs to fund $10m
If equity raised dilution required @ current sp extra 200m shares
Therefore approx 600m in issue
Crude calc NVP div shares in issue 450/600
75 pence per share
More like a third of that
But 25 pence a share sounds good to me

*vale = value

I took time previously to read it. I agree with you that it will be some while before Amur converts the CLNs.
I personally believe it will be closer to the 3 year.
Reason is the Roper Bar project will need the cash to develop and then and only then will the true vale of the project be realised.

Absolutely no contradiction.

I’m just after the truth and a reasoned discussion.

When I had a day job (retired now), I dealt with specifications, so I like to have precision.

Unfortunately the related RNS had a statement which unless you read the full RNS could mislead a lot of investors.

I’m just making sure clarity is restored

Thank you for the clarification.

When do you think Amur will convert these?

NRR Roper Bar, Please correct me.

I thought we only got a 14% interest payment from the £4.7m we lent them for the first 3 years.
Only after this we can convert to a 19% equity stake. Only then will we start to see a $100m revenue stream.

I agree exciting times ahead, however, without news to backup yesterday’s rise I think we will have a few profit takers. The SP will retrace. I hope by not too much. As a LTH I’m holding.
Do not panic a rise will follow. Share do not go up in a straight line.

I got caught on AML with a big rise from a low. Then a share placing crashed the price. I lost loads. Always sell when on a decent profit as there are always other better opportunities.

Just took the plunge and topped up. 2 x 202k shares @2.47