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Looking very good indeed and the fact this is 200m from the first Rhyolite hole and the mineralisation is open really points to the Rhyolite discovery having significant potential . Very promising indeed and looking forward to the next set of drilling results news of which will be released soon.

Totally agree about Jelani and if it goes ahead (which there must be a good possibility of) then the potential numbers are mind boggling in the context of Lex. I’m hoping we have some news on the pre-feasibility study and potential mining application before Christmas or otherwise early in the New Year.

You would certainly think so and hopefully OceanaGold, the owners of the neighbouring Haile mine, will be very interested given they have a deep understanding of the geology of the area and gold deposits therein which have been lucrative for them.

The next expected news is the results of the Bara consulting study in relation to the Jelani JV and what the next steps are following that. All being well it will be to apply for a mining licence. At that point there should be an increase to the SP. Alongside that some news on the potential sale of US assets is expected although that may be a few months yet.

Stockbox interview with Charlie Long today: https://youtu.be/GTo4lj8PwMA?si=zSNgzZKu_GSrV-aH

I bow to your superior knowledge Irishdemon. I’m more of a long term holder than a trader, so grateful for you educating me.

To clarify, not by me though :-)

Nice £49k buy there at the end of the day…should be a very good investment!

Crazy to see the share price dropping by 10% this morning. Still, on the upside, it presents a great buying opportunity!

Beats me why anyone would be selling now, unless they desperately need the cash!

Fantastic results and even better than expected which justifies the bullish updates over the past couple of months. Will be interesting to see how the market reacts. Double edged from a long term perspective because based on this RNS I definitely wish to obtain some more shares at the current bargain price!

I’m expecting the RNS regarding initial assay results to drop tomorrow or perhaps Monday. Based on the extremely positive posts on Twitter, videos on You Tube, Stockbox interviews etc, I am expecting this to be a very good one and lead to a re-rate. Let’s hope so! GLA

All extremely positive and exciting. I’d be happy with Harmony paying 1% of that value!

Agreed, a very positive RNS and there is clearly a lot of confidence in the company by those in the know. The next 3-6 months should be very interesting indeed and surely it’s just a question of time before the market wakes up to the huge potential this company has! In the meantime it would be helpful if the company gave a further update as to how matters are going with the Jelani project and provided an estimated timeline on when they are expecting substantive news on this to be available.

Great to see the increase in share price over the last week or so (even at relatively low volumes) which is long overdue. For the first time in a while I’m standing at a profit but as a long term holder with a significant amount of shares who really believes in this company I’m not going anywhere soon. Despite the time that has passed we are at the beginning of the journey in terms of SP and this has every chance of trading at many multiples of what it is now. GLA.

The board must be pretty confident they will get an extension otherwise why bother commissioning an extensive (and therefore presumably expensive) study on the project?

Is there any reason why they won’t be able to extend the permit beyond next year?

Although trading volumes are still relatively low there has definitely been an uptick in trading over the last week or so, much of it buying. Encouraging and hopefully a little momentum is starting to build. I’m hoping we have an update on the Jelani study over the next month or so, which all being well will lead to some significant interest and a material increase in the SP.

Good coverage as you say Jungmana. It seems anybody looking at and commenting on this company is saying it’s hugely undervalued. Looking down this message board almost all posters are saying ‘strong buy’ too. It really is just a question of time before this 🚀

Looking into this further the broad estimated value of gold in the ground being around $100 per oz was determined (if that’s the right word) when the gold price was $1500 to $2000 per oz. Even if the cost of mining gold has increased since then the profit margin now must be significantly higher when gold is $4000. With a shallow mine would it be an exaggeration to say this could be $2000 (or even more) per oz. If that is the case the US portfolio based on ‘proven’assets is more like $420m or very broadly £300m or 17+ times the current value of the company. The ‘proven’ assets in the US may turn out to be even more than currently thought given the results of the latest drilling campaign. We then have the vast potential of South Africa. Truly mind boggling numbers and potential. Am I missing something here or is this one of the most undervalued gold miner/prospectors out there? With Mr Greenwood on board the market should soon wake up.