Member Info for Sharpey

Sam has funding for Phase III exploration. There's no funding for extraction. So even if Phase III confirms this is a big site with high grades they still don't have funding yet to get it out of the ground and to market. When they announce Phase III results AND money for extraction then this will fly. Patience is needed!

“With capital raising conditions still challenging..."

That's the key issue here. You can have the greatest drill results in history but if there's no money to get it out of the ground and to market it's worthless!

I just topped up 135k at 2.07!

GLA!!!

All these trades at 3.39***. The ask is 3.4p so clearly MMs don't want the ask to tick up. What a joke!!!

Break that and then 🚀🌙

Yes please!!! I defo think this has bottomed. I've just had a cheeky top up at 0.59p!

Such a ridiculous spread. MM are the real criminals!!! Absolute thieves!!!

...It's a classic mistake made by retail investors. I was 25% down on Fresnillo at one point. But I held and 12 months after that the price had tripled! I didn't make 200% as I took some out to invest elsewhere but I was up 150% overall.

https://www.ft.com/content/0b4be1bc-1790-49bc-b5c6-bfff2e52e02b

Additionally, all existing shareholders on the register, immediately prior to this announcement, will receive a free 1-for-1 warrant at the Issue Price ("Existing Shareholder Warrant").

· All warrants are exercisable for a period of two years from the date of this announcement and are subject to a one-year lock-in from this date.

The relevant parts of the RNS are above. My reading of this is we have two years from 3 July, so until 3 July 2027 to buy shares at 0.8p BUT we can sell them from 3 July 2026. So the lock in period is not one year from buying date, it's 3 July 2026 regardless of when you bought the shares. So you could buy on 4 July 2026 and then sell on 4 July 2026.

Agreed. I invested in GSCU, HAMA and MILA based on tips then research. In my experience with FRES the market takes a while to wake up to good news from miners.

@chimers - Not free. The free existing shareholder warrant gives shareholders as of 2 July the right to purchase shares up to their holding quantity at 0.8p/share.

"All warrants are exercisable for a period of two years from the date of this announcement and are subject to a one-year lock-in from this date"

My reading of this is that we can wait until 3 July 2026 (within 2 years of the announcement) to buy shares at 0.8p and we can then sell on 4 July 2026 (day after the announcement) at the market price. I suspect on 4 July 2026 this will be a lot higher than 0.8p!!!

@Fyoz - sorry. I can't key up 🤣🤣🤣. Like @SirJames I'll take £1.66 then Jim!!! 🎯 Better than my bus fare home 🤣🤣🤣

Mine is £750m market cap so £2.5/share

...the CNBC ticker!!! Serious exposure to retail investors now. Just need the institutional investors to jump in. 🚀🍾🥳🎉

Hamak now worth more than Mila, £11m vs £4m!

Hands up if you're going to exercise your Existing Shareholder Warrant of 0.8p 🙋I don't mind having my money locked up for a year if that's the profit!!!

One q I had though. The RNS said the offer was open for two years from 3 July 2025 but you can't sell for one year from 3 July 2025. So does the mean I could exercise my warrant on 3 July 2026 at 0.8p/share and then sell at the market price on 4 July 2026?

…auction call. Could be a big rise after that.

…2.6p sell, 3p buy!!!

@Emiraati - Idiot! AJ Bell saying up 50%!

I meant you think there's $1.2bn of gold.

@unsophisticated - so is your target price £2/share/£1bn market cap if you think there's $2.1bn of gold?