Member Info for Simms45

Good to see some decent trades today but thought we would push to 13p. Tomorrow is a new day and looks like the recent churn is over so looking very positive for the rest of the week to make up some time!

We hit nearly $50m free net cash in just 3 months? We are printing cash. we are worth barely £400m so less than 2 x our net cashflow. Metals have not even got started with La India, Abra and Dupax. If all come good we are looking at over $800m+ BY 2028 and Darrens target of £2bn market cap will be smashed and could be double that. That works out to be a 10x from todays valuation in less than 3 years and all Darren needs to execute on his plan that is sweetened as we have almost unlimited cash to make everything happen. We have no lenders, no debt, no placings and mostly institutions/Drachs robbing gullible pis who do not know the real value. Feels a bit like the time Russia handed out vouchers to citizens and the likes of jim Mellon etc robbed all these people. Same is happening today.

Depends how you look at it. The step up was due to indigestion of Condor and once that overhang was completed you need to remember Condor was a steal so the rise simply moved Metals to what marriage value of what both companies was barely worth. It looks like a spike but we are massively undervalued on all metrics except perhaps sentiment. We are just in the next phase of churning over some investors. We still have a background buyer but picking up in less quantities. Once the slack is taken up we will progress. Dupax, movement of La India, people looking towards $800m free cashflow and dividends in 2028. We are not far away from next movement towards 20p

Hold on as we head back to 15p. Drachs will no doubt resume buying while pis are fast asleep. La India will be up and running in no time and Dupax etc could be announced. If drachs is sneaky they can capture some more stock before pus wake up :)

Exactly. I suspect the Runruno mine is written off but is still a valuable asset but accounting often distorts reality. Key is cashflow coming in the door as we know AISC is around $1100 and we are selling over $3000 so very simple calculation. Sure plant and equipment get written off at breakneck speed in accounts but they normally operate for a lot longer than the accounts write them off.

Great to churn as many pis who want to get off the train, bigger gains are ahead as new investors pile in. We are Barely valued more than 1.5 x cashflow today, let alone in 2 years when we might be close to $1bn+ Zin free net cashflow. Its crazy we are where we are but bargains for those looking ahead , and especially probable dividends as early as 2028!

Darren has smashed it out the park yet again. Just keeps hrys better! 20p does not seem that far away on the back of these results. Hold those tickets as institutions will be hoovering up

Everything on the ground is lining up perfectly. Gold mine is being loaded onto ship, gold price at an almost all time high, Metals pushing on into FTSE 200 and drowning in cash, that will attract more institutions, Drachs building a stake when it can and current shareprice ar bargain basement prices. Whats not to like?

It is tricky as time stamps are often out of synch so a trade can start 8am and not finish until 4pm and i am not sure if final price is actually an average of trades in that time. However most of the time its possible to tell. For me it is £50k trades to watch that represent someone accumulating or not. The rest is just PI stuff. I am monitoring if the large trades equal the small trades inbetween as most pi trades are bought by MMs who are buying for the larger traders.

Askari look to be skating on very thin ice. I mean Harry has done the hard graft and has connections so idea this outfit can rock up and landgrab is ridiculous. Once finance is signed this outfit will disappear and all their licenses will be revoked. I do sadly wonder if the push now to cancel licenses is to satisfy banks who are ridiculously cautious and maybe Askari was hoping for a pay off or something else.

I remember Harry boasting company value has risen from £20m to £45m but never mentioned shareprice fell drom 2p to .5p. Quite frustrating when he focuses on metrics that do not benefit shareholders. One question to anyone who made it to the AGM. Was there a real sense this is beign signed August or another can kick for September, then October….. been here many times but while i am confident in the ending not confident when but any off the cuff comments or was Harry in London for his broker meetings for his final mates rate placing?

Well another £200k buys after hours to add to earlier buys in the day. Only difference to last few weeks is there has been a bit more headwind and this buyer has dialed down amount purchased each day so net result has been more balanced, albeit a little down. Still at sone point the sellers will move on and these shares are essentially taken out of circulation. Im certainly planning to hold for bigger rewards in the future as the pi pool reduces and more institutions buy in.

Another £100k picked up by buyer this afternoon who seems to be learning how to Let pis get nervous and keep the price they pay low. Be interesting any afterhour buys reported. More being transferred from nervous nellies to long term holders the better.

Good to see the hoover back on and another £200k snatched from pis. Not as much as previous raids but i suspect the buyer has worked out to stoke a little fear and then swoop in. 15p incoming!

The hoover is back and cleaning out poor pis who were tricked into selling last few days. Nice to firm up the 13p backstop. We will be back to 15p quite soon!

Everything is in this update so we are now into final weeks before finally Kefi transforms and will easily surpass my 10x target over next 2-3 years. Particularly liked the line about declaring a special dividend in 2028 after full year of massively profitable production! Personally here for the minimum .5p dividend (equivalent to todays share price). Price will start climbing today!

Looks like the hoover was back today taking advantage of all the lemmings, although less than previous sessions. They probably worked out £150k is a good place to build a position. Odds on we open nice and blue tomorrow :)

Quite chunky purchase today 1,350,000 @ 15.55 so quite an anomally. Could be bargain hunters swooping while a lot of investors flap in all directions. Personally the pull back was expected but only a short-term blip. I guess some traders will buy back in to catch the wave higher.

Drachs etc have paused and its left now to short-termers trying to play a trade. Its possible Drachs has stopped as results are imminent and they cant trade. I suspectbuying will resume. Could also tactical by recent buyer as they were super keen offering fixed price on 1-2m. It is not just Drachs so i think its fair for a little retrace and to move on. Still massively undervalued and Notice price firmed today after morning. Feel momentum is back as buyers pickup a bargain.

Makes me laugh when investors, after horse has bolted, crows about selling at the peak lol, never at the moment they sell :) Next push will come shortly and just like broomtree probably look a bit foolish but always good to clear out deadwood and push on. Metals is an absolute bargain if we pencil in 400k ounzes and Drachs or other investors pile in before we enter ftse 200!