Member Info for SomersetUK

Yes Paulo is invested and he will also benefit from options which he has a chunk of (this is old news but most of the options are still live):

‘ The Company (AOGL.LON) advises that it has today issued a total of 377,429,232 options to directors representing approximately 10% of the issued share capital of the Company; this is further to the RNS of 30 April 2019 setting out the intention to issue such number of options to incentivise the Company's executive team. These options vest subject to a minimum closing mid-market share price hurdle for a consecutive period of 30 days of 0.28p per share, being twice the 0.14p exercise price, and then vest in three equal tranches over 3 years from 1 June 2019’

So, he really needs the share price to be at least double what it is today for at least 30days.

This is going to happen.
3 month to go maximum.
Surely at the very least this will be a double your money event. Looking forward to it! GLA

So, with today’s notice of exercise of warrants, that’s £318,338 injected into the company bank account in the last 30 days. This is GOOD news.
Great to see warrants being exercised: confidence in the company.
Great to see a cash injection.
Great to see warrants being cleared out too.
After a day like today across the markets let’s look at the positives!

‘Mr Austin has significant management and operational experience in a career spanning four decades across a range of commodities, but with a particular focus on GOLD’
Yet further confirmation that this is a serious gold play.

This is a good thing. Let’s get them cleared out, get the money in, and move forward.
It is quite usual for their to be a future trigger in place to force warrants that have been granted to either be exercised or forfeited. And it’s usually when the share price has moved up that this happens.

‘Our COVID cure’ seriously?
Another totally misleading statement.
Guys, I was seriously considering investing a lot in this tomorrow but this now looks like coordinated professional ramping.

I quote: ‘ Vela has invested £250,000 in Mode, from the Company's existing cash resources. Vela has subscribed for 500,000 new ordinary shares of 1p pence each in Mode, at a price of 50p per share valuing Mode at £40.3 million.’
Not at 1p per share. At 50p per share.

I agree, I put quite a lot of thought into choosing Metal Tiger or Power Metal.
PJ running Power Metal made it a no brainier.
Seems to be one of the few very credible charismatic mining entrepreneur CEO’s on AIM.
I know he used to run Metal Tiger, but that is a loss for them and a gain for Power Metal.

Yes if this had been an RNS by one of the other many AIM listed gold stocks we would have seen a 20-40% move today.
There is even one mining company PAT that went up 160% in 2 days on the back of nothing, nothing had changed, no RNS and no news, just very cleverly organised group ramping I think. You may have seen that.
Funny old game, but AEXG will have its day. And their gold assets and plan and massive cash pile in the bank is very real. Slow and steady with this one!

There are dozens of gold focused companies both on AIM and other stock exchanges who are using modern mining techniques to find further gold veins and gold rich ore from old workings and within and around old mines.
Check out the video on Gibb River Diamonds (listed on asx) for example where they have made an exciting discovery at their Edjudina Gold Project, WA. It looks post apocalyptic. And yet they have found a LOT of gold right around old mine workings.
Or perhaps AEX listed in U.K. and Canada who have just announced today some exciting finds right around the old Nalunaq mine in Greenland.
Happening all the time!
Alba is doing the same and good luck to anyone selling before the news hits. Can you handle the fomo?

Yes I am on ii and just paid 1.33

That’s a great RNS with some serious Gold results!!!
Only the beginning of what this Gold mine will keep giving us. It’s been worth the wait!!!

Hi Napthman
I am invested in a few of the companies you are invested in.
I am invested in CGNR. And you are not.
Many of your posts on the boards of the companies you are invested in are helpful and positive.
Why do you keep coming back here just to sl@g off this company? I just don’t understand your agenda.
Good luck to you, but please stop coming back here just to do pointless harm and act like a troll. Surely this is beneath you?

Yes it’s looking like the GGP type of trading size and volume. Must be a good sign if the big players are getting involved.
There are a lot of mining stocks on Aim spiking/rising in the past few days. Some have real substance behind that (others seem ramped beyond reason) and UFO has to be one of the strongest in the pack.
Plenty will make this run and run. GLA

I agree. I have held for a while, been stung by the BOD with their recent very knock down price share placement and money raising, and whenever I return to check out any company related thoughts from the ‘in the know’ pi’s it’s only chat about anything but Scotgold! It’s quite unusual on LSE, but I appreciate everyone likes a chat!

I think this has already been discussed on the forum.
But just to cover it off again, 41 million shares being released to warrant holders, when on a quiet day like Friday 141 million shares were traded makes this a non event.
If and only if the owners of the new shares decide to trade some of them, it will be a blip in the trading day and barely noticed.
The MMs will be starting to hoard shares now in anticipation of the next RNS and the subsequent share price rise, so I would imagine they would soak any shares up next week that they can get their hands on.
Next RNS will be with us soon! Hold and accumulate!!

Yes it is! But we need some news soon please BOD!
When that RNS comes this will surely fly.

Seriously Turbo? That is utter utter nonsense.
I was in BZT and am so relieved to be out.
There is NOTHING good there. House of cards.
Please ignore that persons post everyone.
Steer well clear of BZT and focus on how lucky we are to own a piece of OMI.

I am not sure any more cash would be needed.
Sounds like it’s raining cash on OMI.
If the project had more cash today could they even utilise it? They know what they are doing and it’s all appropriately financed and all on track. It’s going to be a VERY good year ahead with this one.

That’s great knowledge and feedback. Thanks!