Member Info for Simms45

Great to see those shares out of the market as that held up today. We might see some positive momentum now.

I dont think we will be in the .7s for much longer as new investors arrive to replace some those exiting. More news due in next few weeks and plenty investors will be waiting to move in.

I think next news could be further update on Saudi, credit for investors, credit approval for second bank and then further updates on investors credit sign off. i think once people know this is happening the share price will start to take off as it has a massive amount of catching up to do. If it was not Harry and his historic rose tinted glasses i suspect we would be closer to 2p by now but investors are wary but todays market cap of £34m is ridiculous. It should be easily £50m-£100m going into this finance and then £150m once manu has his cash in the bank :)

We should quickly go past 1p as we should get RNS with credit approval to investors and even a proper sign off from second bank. Most investors will know this is pretty much now in the bag so better to get in now before 1p is hit. Much easier to 10 bag .7 than 1p and with a good tail wind and Saudi moving could easily hit these levels later this year but just the final hurdles now to fix TK proper and then Saudi will finally get some valuation. Saudi even as exploration if spun out would be worth easily £75m but today valued at almost nothing. Things will change soon. Hopefully manu has been one of those canny fence sitters and now bought in. You never know :)

Probably why andy flintoff ran a mile immediately after court case came to light as if Eqtec come good on this as is likely in some sense, it could tip Logic into receivership. Eqtec introduced the party who then signed binding agreements and then Logic assume that all investment made by Eqtec is not payable? Somehow that does not land too well but at same time Eqtec should have had deeper leverage to stop this from happening. I suspect a settlement will be hammered out as already by now the case will largely be known. Just depends if Logic want to gamble they might get a better outcome than settle now.

This is a huge win for Kefi as it shows our land packages are drowning in high grade minerals and we are hitched to the massive Artar who have limitless cash to make this happen at high speed. If and when Kefi spin off or list on Saudi just Hawiah in 2-3 years could be worth many billions and our stake of 25% considerable. So much news building now and just a shame TK was not nailed before Hawiah as todayd news would have doubled the share price post TK but its still a rise we will have once TK is financed, and hopefully we get news of credit approvals very soon. Now is the time to invest for those smart enough to have been sitting on the fence.

Calibre flying high. Once difference in value was not so great and shows what happens when you get your finger out and get on with selling gold. Anyway Condor are now pun money for Calibre and my original hope was an all share offer for Condor. For Calibre its obviously a good deal to grab 1m ounces, start shipping ore to La Libertad and use proceeds to pay for a mine at La India from proceeds. Basically a free mine for Calibre if they want it.

Lets hope so. Maybe monday the wait will be over!

Good mix of buys and sells today. Hopefully we finally flsuh out the 25p resistance and push on. I expect a friday push on chance anything is announced on monday. My expectation when a deal is agreed likely to be a monday but lets see what happens over the next period.

The logic case looks a pretty clear case on the face of it.

Eqtec and logic were in partnership and Eqtec made to Logik and incurred costs on behalf of Logik as part of the SPA. Logic failed spectacularly to make good of the SPA and Eqtec extended this so many times but they failed.

To cap it all off Eqtec introduced a buyer to the project and Logic then tried to cut Eqtec out and signed directly to sell the project and have done this without the approval of the stakeholders.

On every level logic are in the wrong and are trying to wriggle out of this. Logic can only argue some minor points but the topline is Logic tried to royally screw Eqtec over and probably hoped that Eqtec would have gone bust from withholding this deal and money knowing it would have a huge impact on the financial standing of Eqtec.

Certainly interested to learn how Logic think they can do this and that any buyer of the site could do this without Eqtec involvement. The question will be how much of the £4m we are suing for we will get. Interestingly Andy Flintoff immediately dropped off being a director as he had just come into £10m from his TopGear disaster so he got out thinking it might protect his money but he was a director at the point of th ecase so theoetically if the company is liable its directors might well be liable for any shortfall. Hopefully this will be resolved shortly and historically with Eqtec in the US when we have a patent battle we won and now have a great position in the US market.

If the France news drops all bets are off. One of those projects is €40m and we are barely £4m market cap. This is just one of a dozen projects in play or close to financial closure. Certainly getting exciting but equally hoping the current share price is around in next few weeks so i can top-up. I thought Interims should be out this week but maybe with their recent simplification of debt they have not had time to finish.

Next week is almost upon us. I sensed Condor would be looking to announce something this month. Falling into March is possible but the advanced discussions seemed a lot further down the road and with 2 serious parties it seemed more about price. Could see a friday rally on the chance this gets wrapped up by end of month. GlA

If the estimates are correct anyone investing today could reap a minimum .66p dividend within 5 years. Obviously things need to go to plan but with JQ and Hawiah bearing down it could be a minimum dividend. If that happens and at a yield of 5% the share price should be 10-20x from today by that point. I personally like the idea to be able to reap a yearly dividend equal to my initial investment every year and have my capital multiplied for a 5 year horizon. Obviously risks are around but if Harry pulls this off he will have shown an incredible persistance to make this happen. Everything falling into place and we are still a £30m market cap company with multiple billions of gold incoming in the not to distant future. Looking forward to seeing how the next 4 weeks unfold.

Wasn’t it the purpose of this tiny raise to get rid of YA II PN and Riverfort who are loan sharks? Its a shame the share price came off the high of 3.1p at the open but while i cant stand the dilution and how that has properly cucumbered shareholders who are not able to average down we are at a bonkers valuation that for someone could be a very large multiple this year. How Palumbo and co have treated long term investors is shocking but today is an entry i am envious of as sadly my average is still coming down but we really need to see otherside of 10p that should come about from North fork, Logic agreement or even a decent interim projecting decent revenue from France, Italy and US contracts.

The rise today was tiny given how it looks this could be tied up in 2 weeks. Obviously the Harry discount is still at large but we hopefully we punch through 1p this week as it would be better to steadily rise up to financial closure. Still incredible we are as low as we are but thats AIM for you these days.

£250k bought at 3.1p this morning to explain the jump. exciting times ahead.

This will rise now for the next 2 weeks. I certainly expect we will pass through .8 and towards 1p very shortly. we are told equity investors will sign in next 2 weeks and presumably second bank has already given verbal agreement. We are landing $390m fund raise and we are worth only a 10th of that. once all organised Kefi will bill for its time on the mine just like any supplier to TKMG but we own 70% of it. Things will radically change over the coming weeks.

Weird yesterday this was 2.4p? Not complaining we open at 3.0p. Its so painfully low even 10p would not do it justice and would anyone notice anyway. Time for Eqtec to bring out the interims and update on Northfork. 10p would not be unlikely if we get our stake known.

Wherever it ends up i hope something is announced this month. Many suitors, all presumably have made offers but its now down to acceptable price that is way more than book value. Everything is coming together and hopefully 30p by the end of the week. Remember if Calibre did make an offer presumably it would be a takeoffer offer but we will need to get a lot closer to that likely takeover price or calibre will struggle to sell it to investors to pay over 100% premium or likely more. We will see what this month brings.

Whats key here is that equity investors will be signed within next 2 weeks and reading between lines this should mean second bank debt should be formally announced prior to that? should be a pretty robust rally next 4 weeks. Enjoy the ride!