Member Info for ShadowLess

"The trouble, of course, as an existing holder, is that the assets are such that this company could transform any day" spot on bothercom, and everything else you said,

What is grinding me is the fact that the team actually believe they have done a stellar job and have taken the liberty to reward themselves accordingly !!

Https://anewfn.com/

its free and gives you level2 functionality. How accurate? not sure

@Gibdog101 & @HarChris I agree that there is more upside potential here and could get very interesting in the next 12 months, the big downside is AV and the management, I get that they may have navigated difficult times in the past, but they differently rewarded themselves handsomely for (as TDT said) doing their job or should I say not doing their job!!!! Sorry for the rant!!!!

Positive note: should have some good updates with I hope milestones ticked off which will help the bottom line - caveat to this is, AV keeps his hands in his pocket and stops negotiating some other crazy scheme to rip shareholders off!! Again sorry for the rant!!!!!! I will go back in my hole now!!

Have to say this is a great board with knowledgeable people,

Agree with what most people have said here, The SP is where it is due to, shareholder dilution, selling pressure, and market skepticism.

1 - Their recent attempt to clean up the balance sheet has come at a cost of us shareholders 60 m shares at 3.85

2 - Major holders, looks like they are selling - for example Canaccord selling down its position below 5% ??!!

3- Jig plant and ore sorter - over promising and under delivering - The jig was on schedule and commissioned in mid 2025 although we have seen improvement of the phased commissioning, fines, and technical issues has effected throughput.

I am hoping there will be a rerate later in the year with operational update , Ore Sorter is commissioned and the SQM partnership at Lithium Ridge yields resource definitions. Maybe even earlier with Goantagab outcome. The caveat to this is if ATM can stop "dipping" into shareholder-backed debt and start generating some cashflow. I am hoping they are cleaning the decks and will become more operational independent once the jig is fully operational, ore sorter and Goantagab is sorted elc, elc...... All I need now is the courage to follow my belief and add more!!

Funny old game!! I brought more at 24p a few weeks ago to increase my average and thought that was a little expensive, but looking back I should have sold my misses and put it all in here!!!

Helpful, what is your take on the resolutions? if any?

Unfortunately, past and present performance suggest you both might be right!!

Not sure how to read these resolutions:

1- optimistic view - they are clearing the decks for the expected DRC payment and other projects

Resolution 9 : CANCELLATION OF THE ENTIRE AMOUNT IN THE SHARE PREMIUM ACCOUNT SUBJECT TO COURT CONFIRMATION (A response to this proposal is mandatory)

and ability to buy back shares

2 - pessimistic - Potential of billions of new shares , thus massive dilution - creditors are losing confidence- never heard of Challenge Holdings Ltd - first time they have mentioned a creditor before, sign that Challenge was paying fast - (although payment in shares does mean they expect the shares to rise)

Either way, they are preparing for something big to happen this year!!

Sorry Gibdog101, yes 'or cash'

Jimzi, I think so to. If Andrada fails to meet milestones or if the Namibian Competition Commission blocks the deal, Andrada might have to buy back ACAM's shares, on top of that a extra 24M shares at 3p to be added at some point.

Its a shame!!! was hoping it will consolidate and drop a little so I can add more!!!!

@Ezhik, spot on, thats the challenge for me too, try not to get too emotionally attached to a share, the flip side is you invest in a share because one has some attachment to it in the first place, I am in RRR, due to management incompetence I have very little emotion any more and have no problems selling at perceive tops, I am no trader by any means, but ironically, buy buying on lows and selling when there are spikes have made me more money in RRR due to management incompetence!!!!!

That being said, planning to have a core holding in OMI and add/sell when it seems right. Seingred sometimes gets a bad rap on the board, but the strategy of de-risking buying low, selling high is sensible, unfortunately I haven't the time or skill to time it right .

correction on my part,

pepas could have 1moz (high grade/surface), include apta, el cedro we could have 2moz+. therefore even with todays mc we could see 130m to 160m not including the other projects. (that's the problem with *** packet calculations )

Hello breaktwister,

I have 2Moz written down, if this is wrong than I stand corrected will check, may have included APTA in the 2Moz expectation, no attempt at ramping or deramping

Added a few more, was rather late, should have added on the drop, was waiting for anything below 23p. Markers I am looking out for are:

1 - Looking at the charts, bouncing around the 23p/24p until further news, I suspect people are holding on until the MRE and confirmation of 2Moz

2 - RNS today was positive and land increase validated their convictions further

3 - Looking at short positions for the last few weeks, there are no significant short positions , therefore the big boys are not betting against a fall

4 - Accumulation from major institutional holders / no big sell off

5 - order books, people would like to snap this up at 22.5p

6 - news flow is expected in the Q1/Q2 - (hopefully positive), whatever the news is, will cause some price action to trade in, if it is your thing- as above signs indicate a positive

The risks are:

1 - Geopolitical - Trump, elections

2 - MRE process - may not include the surface grade highs or average them down as statistically insignificant - below 2Moz

3- expectation of some kind of raise in the middle/late in the year, I still think they need to do at least a PEA if not a full PFS

4- once the MRE is released and if positive, sell off, of holders who held in the 3p- 5p range

5- gold price drop?

For me, as it stands an MC of 200m to 250m is a reasonable figure, IF the MRE confirms resources size of +2Moz , and this figure does not take into account the other projects.

Current indications suggest potential for all the other projects, which could add to the MC significantly, 500m is not in the realms of fantasy, plus the fact that they have recently raised cash, medium term 500m is possible.

Final thought:

The fact that they also announced a 65% increase in their land titles today is a huge "sleeper" piece of news. It suggests they aren't just looking at a single mine, but a massive district.

@helpful, thanks will have a good listen tonight

@Helpful, thanks, I was really referring to the A Memorandum d'Entente with the DRC Ministry of Rural Development. My doubts and suspicions could be misplaced, but tangible outcomes from the DRC, AB has struggled to get us over the line.

I am still hoping to be proven wrong, and maybe in the next few months (hopefully will start sooner) results will happen that will increase shareholder value.

For me this housing development project is a bit of a distraction, sounds very exciting, bout no formal contract has been signed between RRR and other parties--

I couldn't catch it properly but I think I heard -

Court arbitration: AB has had word about some kind of announcement, AB states in the video that it is 8/9pm and too late for anything to be announced, could be tomorrow ( would be today 25/11/07 ), depending upon where RRR is in the queue, therefore expect some announcement in a few days. AB is also extending his stay to investigate potential mines.

Banburyboy, I hasten to add, there is still opportunities to make money on RRR, if you piled in at the low of 0.2 and sold now that's +50% . PS: "Shadowless you learn fast" this statement is your biggest blunder you have made...... amongst many ;-)!