Member Info for smkr

Gold pumping!

BREAKING: Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in 2025 following a recent uptick in inflation

https://x.com/markets/status/1770513516249674110?s=46

Have some perspective. its about 20 grand of sells and they dropped the bid.

The interview yesterday was incredibly bullish. Like he said, can’t see anyone selling up now at this stage, at least not anyone who sees the potential anyway. If either of these parties conclude a deal it’s game on. From this cap .. it could be an EUA 2019/2020 moment

ZIMBABWE FOCUS POINTS

-First-mover opportunity for large bulk-mineable #gold discoveries

-3 proven exploration projects (Nara, Hillside, Leopard)

-Modern exploration funded by scalable contract mining

-Now generating revenue, with discovery exploration/drilling underway

More on what we're doing from our CEO Ben below ⬇️

#KAV #Kavango #Zimbabwe

https://x.com/kavangores/status/1770404716792442916?s=46&t=JspIXR8e-xqmKOo8mQXtrA

Hopefully any day!

Another day closer 👌

can’t believe some loons selling at this stage .. big things are coming remember the comments. producers in 24

https://vimeo.com/914560510

The long term investors, who requested to maintain their holdings after the first part of Decembers placing know more about this than us. They paid 4.25p while we were only discussing with LB Group.

They know what’s coming imo. plus as it says, we are nicely funded for any further work too, with those subscriptions and the Sheffield one other day.

“Following the announcement of a Subscription on 6 December 2023, the Company was approached by existing shareholders in the UK who wished to further support the Company and maintain their holdings. The Board concluded that this Placing, together with the Subscription, places the Company on a materially stronger footing whilst it seeks to conclude an offtake financing agreement to fund the total Project capital expenditure. As with the Subscription funding, the Placing funds will provide the Company with the ability to accelerate its plans for commencement of construction. These additional funds will also permit exploration drilling in conjunction with resource definition drilling to expand the mineral resources by stepping out and drilling at depth.”

Interview out

https://youtu.be/RuhSCTRn488?feature=shared

Brent oil has shot up this last week. Hopefully Star follows

Can’t be far away from these results now.. can we? Taking ages but will be worth the wait

A reminder of the basic terms of the talks with first funding party LB Group (£5bn market cap)..

You’d expect the new funder to be looking at similar levels of investment.

——

LB Group to fully fund the Project as defined by the IHC Mining independent Development Study

Report and Preliminary Economic Assessment announced in May 2022 ("PEA"), which is estimated to cost US$81 million. The JV will fund any expansion of the Project beyond the PEA parameters on a 50/50 basis.

Capital Metals to start earning its share of JV profits as soon as shipments begin, which could be within 12 months of the start of construction.

Bitcoin in the 90s? it only started in 2009

Yeah you were bricking it. I was getting bored of reading your rubbish but now you seem in a happy happy place lol

Remember.. they doubled the placing size in December after approach from long term investors. Who likely know a tiny bit more than us about the shape and size of a potential deal here.

They were willing to fund at 4.25p on the back of one Mou at that time. We know have two very interested and connected parties.

Here’s where you build some size before 4p’s come

“Following the announcement of a Subscription on 6 December 2023, the Company was approached by existing shareholders in the UK who wished to further support the Company and maintain their holdings.”

The £6m the raised from Purebond at 1p is about the total loss by the company since 2020. I think we will be fine a few month after it!

Https://x.com/hati_intl/status/1768564529707761698?s=46

Sheffield Resources Executive Chairman

Bruce Griffin most recently held the position of Senior Vice President Strategic Development of Lomon Billions Group, the world’s third largest producer of high-quality titanium dioxide pigments. Bruce previously held executive management positions in several resource companies, including acting as the Chief Executive Officer and a director of TZ Minerals International Pty. Ltd. (TZMI), the leading independent consultant on the global mineral sands industry, World Titanium Resources, a development stage titanium project in Africa and as Vice President Titanium for BHP Billiton.

https://www.sheffieldresources.com.au/site/about-us/board-management

It’s going to be difficult to build a decent position when one of these funders commits.

be nimble. last non strategic placing was 4.25p

Nice to see that blue colour

The exclusive agreement expiring strengthened their hand. They’ve now one potential funder investing into co, and another will be busy with their calculations again now.

Will be tens of millions in two stages to get them in as per the terms, if Sheffield proceed.

Placing with longer term investors just a few month ago at 4.25p. They won’t be short changed here in my opinion