Member Info for SLATZILLA

Bigsmoke

My gut feel is they're being careful about what they release in the lead up to the year end accounts at the end of the month. As you say, there's plenty to shout about, but I believe they're managing the flow of information intentionally right now.

Can't remember the last time I saw a day with as low volume as this...

AllThatGlitters

We all feel that pain mate, hold strong, and remember some of the other lines from the poem from which your username is taken.

From the ashes a fire shall be woken, a light from the shadows shall spring....

Fell,

I think the volume on these buys and sells is too low to read anything into, if I'm honest.

Metals One is in a familiar pattern. The share price drifts down, spikes briefly on an RNS, then resumes the slide. That happens when selling pressure consistently outweighs buying interest. With no news catalyst to attract new buyers, sellers have to keep lowering their ask until someone bites, and market makers widen the spread to reflect the thin, one-directional flow.

My current thought is there's potentially a lot of good news in the next six months. South African gold, North American gold, and North American uranium could all move the share price materially if results are positive, which I strongly believe they will be. But the path to that news is long and uncertain, and in my view there's unlikely to be any sustained upward movement unless something significant breaks in the short term.

That said, we're due the year-end December 2025 results by the end of June, and I think that release could generate some short-term positivity. My expectation is that the books will show a meaningful improvement, demonstrating cash position, tighter control, and a credible route to shareholder value, alongside what will likely be a portfolio update. The accounts don't need to show shovels in the ground, improving fundamentals and directional progress on the projects should be enough to move sentiment.

Any positive project news between now and then would compound the effect, provided it shows Metals One moving forward toward cash generation.

So for now, I'm sitting tight and not sweating individual buys and sells, or a drifting share price on quiet days. End of June is what I'll be watching.

Thanks for sharing Chilli. Where did you find this information? Would love to read the original source if you're able to share.

What are your thoughts on this based on what you've shared? Looks like there's a hearing scheduled for tomorrow which could be important, although it looks like LBR have already begun paying creditors which would support the notion that the deal is going through.

Tbf they've already issued an RNS on the Barbroom acquisition, but it was definitely subject to a huge amount of scrutiny from the Vantage Goldfields team - look at their announcements from the later part of April. Then the review adjourned until the 8th May, no news since etc.

You could argue they've already done an RNS on Barbrook. The next one will be Section 11 finalisation where the transfer of a mining right is approved by a Minister - their governmental green light (apologies if this is common knowledge, I'm learning as I go).

Still, Metals One confident enough the deal will go ahead to talk about near term cashflow is hugely positive.

Holy Smokes! In my opinion one of the biggest genuine catalysts for the stock is the Lions Bay play in South Africa. I've been concerned that it might have fallen through given the negative press in April and the silence since the May 8th adjournment, so was really looking out for Dan to let on what's happening in today's interview.

Transcript relevant to LBR

Lions bay has bidded for and been successful in acquiring a Bar brook mining asset in South Africa, some 2,000,000 Oz, so we're in the process of closing that deal, waiting on the Section 11 notice from the minerals department, and hopefully we can bring that into production later this year.

When asked about whats going to keep you busy in the next 3-6 months: 'It's nurturing the guys down at Lions Bay resources in South Africa. Let's make sure we complete the section 11 notice. Let's get on the ground and start operating. That's a great opportunity if we can bring that in to the early cash flow from the tailings facility. And then get into the underground at Barbrook in the new year.'

Barbrook is still live.

LBR has been successful in acquiring the Barbrook asset, subject to closing.

The process is now focused on Section 11.

They are targeting production later this year.

They see early cashflow from tailings before moving underground at Barbrook in the new year.

Confidently bullish for the first time ever on this stock.

Did anyone watch? Very intrigued to know what our mate Dan had to say about athe Lions Bay scheme.

Why do you think the price is so much higher in the US?

New RNS - https://otp.tools.investis.com/clients/uk/metals_one_plc/rns/regulatory-story.aspx?cid=2778&newsid=2058526

Confirms Dan Maling is speaking at the US Investor Conference tomorrow, and will be speaking specifically about the Vantage Goldfields situation. The RNS states that 'Lions Bay Resources is acquiring the Barbrook Mine assets'.

We've heard nothing on the Vantage Goldfields play post the 8th May adjournment. Could this be confirmation that the deal is still alive? The wording 'is acquiring' is really positive for the situation in my opinion.

What's your take?

Long time reader, first time poster. Thanks for having me on the message board.

What are people's thoughts on the reason we have had no news from the adjourned MIMCO/Vantage Goldfields situation?

There has been radio silence from literally every outlet on this matter since 8th May, be it formal or informal, from any party involved in the deal. I find this silence odd - if the deal had been rejected, surely we would have heard about this by now from one of the involved parties. Remember back to when Vantage released an aggressive corrective release ref MET1/LBR - they didn't hesitate then... so why the silence now?

The 10 day silence may be because there are legal matters to attend to before any update can be issued to market, especially given the sensitivity around the Lily Mine disaster. External comms need to be clear to manage stakeholder expectation. Surely if the review resulted in a - 'No, business rescue not going ahead', that would be public knowledge sooner because the stakes are lower. A, 'Yes, go ahead', materially changes a lot of things and I can imagine that those changes need to be planned out and legalised prior to comms being issued.

What are your thoughts?