lol. No need to be cryptic!
Hang in Long Enough
Song by Phil Collins
The signs are getting clearer, clearer than you need
The writing's on the wall, for you to see
You never thought you'd ever get the taste
You never thought that it could be this good
Just tell me what you want and I'll find the key
Reach out and touch it's all yours.
If you hang in long enough, you'll do it
Just hang in long enough
You're down on the ground, or so you say
You'd sell the hole in your pocket, if you could find a way
Don't ask me how I know, you don't want to hear
It's been a long hard road, and the end is getting near.
You never thought you'd ever get the chance
You never thought your break would come along
If you tell me what you want, I'll find the key
Just reach out and touch it's all yours
Remember.. Winston Gold, who we acquired Gold Ridge off, has a 12m market cap on Canadian exchanges.
Read the bullet points if the project they kept for themselves . It’s like a mirror image of Gold Ridge .. plenty upside to come here imo.
Money man. They plan to fund all the drilling and such by creating revenue from the Gold waste and easy to extract / visible gold.(watch video)
Ceo said just 3 weeks ago on video below, no placing unless for acquisitions..
And as others have said, it’s main market, different process for placings.. hence they left warrants above for when price stable above funds can trigger.
I tweeted a PDF that Stirling Bridge Resources account complied. Shows the bullets and Gold Ridge project basics.
Look at the candles on a chart of days after the first initial rise on EUA and VAST recently.. then the subsequent days that followed. This is the churn.. the period between short term speculators dumping and solid long term positions being taken.
That’s where we are now, and it will breakout soon.
Remember this line from Mining Review when it does!!
“ be the largest single export revenue generator in the country.”
I've been accumulating these over the last 5 or 6 weeks near these lows.. why?
Well.. we all know about what they have at Gold Ridge and that is the big attraction.. but the simple fact remains that the market had mis priced this when switching to main market listing imo.
When they were listed on NEX and had projects on the go, it was trading constantly over 1.25p. Majority of time above 1.5p, even as high as 2.5p.. it fell off towards the end before listing main market. Why?
Because at that time Gold Ridge was not in action.. the main project they were involved in was the Uranium project with Mkango. Some Government regulation came in force which prohibited any further Uranium exploration and the project was paused. Consequently the price dipped to around 0.7 - 0.6p.. around this time they started making moves on Gold Ridge and switched to main market from NEX.
Since then the market has been pricing this as a cash shell. If you watch the last proactive video Rolf says after 6 minutes the valuation is cash shell with a slight laugh and sly smile on his face.
More facts.. Rolf bought £25k worth of shares as recently as 2018 at 2p. Winston Gold, who MNRG acquired Gold Ridge from last year, took $500k payment for the mine in shares of MNRG.. at a price issued of 1.75p.
Look at the shareholder capital page on the website, and see all those directors warrants? .. the ones at 2p and 3p were issued back when it was not being priced as a cash shell. We have some at 0.6p which will be a great source of funds if triggered.. let's face it, those warrant holders are not going to apply for the shares unless the price is stable and trading well above the trigger price. As you see in shares such as EUA right now, all the warrant holders are triggering their warrants from 0.6p.. knowing full well that the price looks stable and will yield profit for them.
So my guess is.. this is heading back to at least the levels it was on NEX in the short term. Which is above 1p and maybe more. Then once up there and stable they can get a lot of funding to take on more projects and fast track gold ridge into a revenue generator.. if they haven't already done so by monetising all the waste dumps and pillars. The future looks solid here and if you are getting in now you have caught the market offside in it's valuation of this company. DYOR etc..
Previously the Company's announcement of 30(th) September 2019 confirmed one sample taken from a boulder on the side of the waste dump, which originated from the pillars left behind from internal mine workings at level 6, returned an assay of 115 ounces per tonne gold (3,949 g/t).
In addition to this one-off very high grade gold sample our contractors identified visible gold within level 6 and whilst assessing the pillars. As a result the Company decided to implement a fast track review of the pillars' gold mineralisation, which may provide an additional, potentially significant and relatively near term revenue opportunity for the Company, alongside processing of gold in the waste dumps which we are preparing for in parallel.
Newly main market listed. Previously was trading on NEX above 1p+
Rolf CEO bought 25k of shares last year at 2p
Winston Gold accepted 1.75p for MNRG shares for $500k payment for the Gold Ridge Project
1.4m in funding (not certain it will be needed) in warrants triggered only above 0.6p then 2p and 3p
4m+ Cobra shares, which accounted for circa 1/3 of MNRG market cap as of yesterday. Cobra suspension lifts soon after fundraise to buy Australian mine. Price should appreciate.
Proactive video in October, CEO said no raise needed unless for acquisitions. Currently priced as a cash shell (6 minutes in his own words)
Looking to self fund Gold Ridge through sale of Gold from 5 waste dumps and pillars of mine on 5 levels. Processing plants nearby identified.
Tiny market cap and directors have plenty skin in the game.
Cobalt project on back burner, Uranium project with Mkango halted due to Government regulation. Could change anytime.
Look at it this way.. for a small miner to expand and fast track the projects.. theres 1.4m in cash waiting above here in warrants.
If they trigger them, then no placings.
If they trigger them, vote of confidence in what they are doing.
But the company suffers some dilution.,
Anyway the first trigger is 0.6p and he won’t trigger until stable well above ..
Starbuck posted this yesterday. Seriously you must consider this in light of yesterday’s news.
The grades here are world class .
If we compare solg which had a m cap of over 500 m still in exploration their grades (AVG) was 1.3 g/t .
Kefi grades are (AVG) of 2.3 g/t .
That's around 13 tons of ore per Troy Oz compared to 30 tons at solg.
Process costs of 200 dollars per oz.
With gold at 1389 a Oz that's some profit.
105 m oz at market value of 1.56b.
All the permits and finance imminent. Production in 2021.
This is a screaming buy at 9 cap .
Takeaways from video.. please watch.
Self funding plan from visible gold and waste.
NO raise unless for further acquisitions.
6m onwards.. CEO says we are valued as a cash shell.
Remember, they also have cobalt and uranium projects on the back burner..