Member Info for Shakeyerbooty

More money in the coffers and warrant shares will be gone in a day or two.The big news is still to come.

4 0f the top 8 risers today have had less trades than us,so your statement makes no sense.

It certainly has Brad and also compared to OMI which has an even higher valuation.Based on multiple mineralised veins with exceptional grades,an existing Jorc of 200,000 oz Au,aiming to be upgraded to at least 350,000 oz,this is seriously undervalued.

"The Paranaíta Gold Project represents an exceptionally compelling opportunity, and with the recent appointment of Paulo Misk as our Brazil-based CEO, we now have the team in place to deliver on our ambitions. Our fully funded exploration campaign is progressing rapidly: we have completed 3,100 metres of trenching, identified multiple mineralised veins with visible gold, and now have two drill rigs operating on site. I look forward to providing regular updates to the market as we build momentum and create value for all stakeholders."

We've only had 18 trades which is something I still can't fathom out why, as the recent placing was over-subscribed.

Absolutely huge grades.No wonder it's visible.

The programme aims to expand the current resource from 210,000 to ~350,000 oz Au under the JORC code, and fast-track a PEA for a high-grade, open pit mine producing ~20,000 oz Au/year. The priority is the high-grade TP2 - c.106,600 oz @ 16.65 g/t Au and TP3.2 (within TP3) - c.34,600 oz @ 1.35 g/t Au zones, two of the six identified targets along the 8km mineralised corridor which has 15+ high-grade gold occurrences and historical sampling up to 135 g/t Au.

What do you mean,so what? The market knew on Friday and yet we're 14% up today.Haven't you got some nuts to bury or better still do some research?

You do realise it's less than 1% of the shares in issue.Try reading some RNS's and see how undervalued this stock is.

Looks like the RNS machine is being oiled now.Hopefully we'll get grade results from the 68 samples next.

I like OMI which does have several projects on the go now but when it started its rise it didn't,It has no Jorc but is expecting an MRE in the next month or two on its Pepas project.

OMI ?

With a Jorc already of 200,000 oz Au this is ridiculously undervalued compared to some other miners with no Jorc who are valued in excess of £70m.A similar valuation here would give us 11p and that's before the Jorc gets increased to 350,000 oz.Some spectacular grades here and hopefully the 68 samples will show us some more.Results from these are well overdue.Perhaps they're having a second look because they can't believe their eyes lol.

Even Dr Remington (a highly respected poster on OMi) was impressed by the gold grades here.

I'm expecting some big'uns in there and can see this ten bagging like OMI.

The grade results from the 68 samples must be imminent as they were expected to be in 30 days from 1st October.

What I can't understand is if the recent funding was over-subscribed (i.e peeps didn't get what they wanted),then why are we getting so few trades when this is fantastic value.Doesn't make sense to me.

Bailiff-As far as I'm concerned it's just the small placing churn.Once gone,we should be on an upward trajectory path now we've got the 30 yr MR in the bag.

Never mind 20p-a few weeks ago some peeps thought this would be 50p (£40m m/c) on grant of MR.That would now equate to 40p per share.Funded to progress,licence for 30 years,surrounded by mining giants,less than 100m shares in issue,Axis acting for a stalking horse,over-subscribed placing etc.This is a bargain if ever I've seen one.

A stalking horse whom Axis are building up a stake for,then unless they participated in the over-subscribed placing,their percentage holding would have gone down.Clearly this is not what a stalking horse would want,hence I believe we'll see a TR1 shortly showing Axis increased holding.This is one of the easiest holds out there and I'm surprised there is not more PI interest.