Member Info for SonOfABoo

A small fortune. If Goldgeezer has gone bearish, its probably rocket ship time here IMO.

We have Inverse Goldgeezer.

This guy sledges SRB as it 8 bagged and made PIs a

The mood here is so bad the next move is up on good news?

The Comms here are a joke, let's not pretend they are bad by accident, they ate bad / vauge by design.

As soon as the Ore Grades / Recoveries improve, you'll see Comms improve remarkably.

It's clear to me, even reading between the lines as we've not be explicitly told, that the Ore Oxides have tailed off unexpectedly or the Ore Oxides at the end of the pit aren't leaching / behaving the way they thought they would. That's put us back months here.

If the 1 / 1.2 g/t Ore Oxides behave better / as expected, this could rocket in no time.

These are the gambles we take in life. I topped up a bit today fwiw to anyone.

So, after troy ounces and Dore conversation...we think approx 430 troy ounces of .999 gold? Approx $1.4m of revenue, circa $700k per month. Maybe enough to keep the lights on without more dilution while (if) they can ramp up production. At a MCAP of £6m...hardly a disaster.

There's clearly ore grade and / or recovery issues at the mine. They need into better Ore which could x4 those numbers if it works out when / if the new pit offers up 1% grades with decent recoveries. If that happens the SP will track the production numbers.

The issue here, is obviously trust...there's very little of it between shareholders and management based on even recent history, the 1,000 ounces a month by Christmas chat has been a PR disaster.

Still in fake it till you make it mode, god forbid they actually stumble onto 1,000 ounces plus per month when they stack the better Ore, we won't know what to do with ourselves.

Playing Devils Advocate, the tweet is probably just been issued with best intentions to assure people that production still continues?

There's issues here, but this maybe a case of damned if you do, damned if you don't.

To anyone who caught that dip.

@7.54. As someone has already pointed out today, this can lose you 90% or gain you 900% from these levels.

It's a great 'gamble' actually as long as you gamble responsibly.

If / once ot stabilises, you'll know the placing / restructure price.

I still think there will be more to this than just an 'average placing' to me thos smells like a share restructure of some kind...and considering how many large shareholders there are here, they'll be involved IMHO.

Complete collapse incoming here.

Major shareholders will have no choice but to prop it up at these prices.

To me I still say the market has gotten wind of a placing incoming and they are front running the savaging.

If its a placing / restructuring coming, let's hope its a 'painful' one and they get rid of the Gold Swap while they are at it and take the hard decisions all at once. Punters may think that's painful, but will reap rewards in the future if they leave a clean debt free vessel to get on an explore / produce.

Whatever is coming, I can't see anything other than a placing / debt restructuring at this point, the SP 'knows' IMHO.

This is my bull case thesis here, may sound bearish to some, but anyway here it is:

There will be further dilution, expect it. This may be the gold sway, it may be further working capital, but it's coming. My worst case scenario when all is diluted and generating positive cash is 2b shares in circulation. At its current MCAP of £6m, its not that 'big a deal' and still leaves plenty of room to go to 3, 4, 5p a share / £60, £80, £100m MCAP if / and / when they sort out there production / costs issues (if they have any). This is bullish, because if I'm wrong, and it's 'only' another 200 / 300m shares issued from here, then the story is better for returns.

Okay, the Comms here are a bad joke, they clearly have issues on grade, ore grades, and recoveries they aren't telling us about, the Major share holders could screw us and take us private at any point (btw as per Shanta, there's not much we could do if they decided to), and the market clearly has serious trust issues with the BoD and the Comms they pump out.

But that said, it's remarkably still worth a punt at these prices IMHO for a 2, 3, 4 bagger should they get their act together, even wife a dilution drop.

If you go on recent satellite images, they are building, and expanding a lot of Heap leach capacity there, and stacking lots of new Ore, it could be one of these shares that stinks the place up until the point it doesn't...

P.S. I have gambled what I'm willing to lose.

Forward selling will be obvious if you see big chunks appear after / before hours trade's, that is MMs already taking / placing big chunks of the placing with shares probably 'borrowed' from a large investor, or even a nominated account holder once the placing shares come out they'll replace the 'borrowed' shares and pocket the difference.

The SP dump here I'm going to suggest a placing / capital reorganisation of some description will be will be with us next week. That's my spideysence, no evidence based hunch.

It's AIM, anything os possible through the spectrum of positive to negative.

You are more spinning a roulette wheel on AIM than you are investing nowadays. Sometimes, after years of dilution companies can make it, Serabi for example, SHG transformed for example (then went private so PIs didn't benefit), it may come good here if we get a 'fair wind' but good now for me will be 3-5p if then can sort out production / costs and grow cash, because I doubt dilution has ended, be it another placement / gold fix debt deal or whatever.

Don't look at AIM with the eyes you look at for normal life, because not all on AIM.is what it appears, sometime the most basics can be the opposite of what you believe.

Shares by Major Shareholders can be 'lent' out to shorters for example, could be naked short selling, people on here saying one thing, but selling out on the others side...you have to suspend belief sometimes investing / betting on AIM.

Beyond that, we 'only' traded what? £200k today maybe? Easy to sell into cancelling out the buys.

This will move when the operational performance improves, not before.

As we enter June this is still in firm "fake it till you make it territory".

The Comms are a shambles, the details are allover the place, god only knows what's happen8ng with the Ote and Recovery rates.

We may still stumble on to the company "making it" bitgpdonly knows when that will be.

PIs getting bored and taking their cash elsewhere.

"North West"*

For anyone else wondering, if you type "Homase Mine Ghana Goldstone" into Google maps and zoom in, you will see the Leach Heap Pad extension in progress. This is to the North East of the Site, and is distinguishable by the black liner being installed, at a rough estimate, it appears the Leach Heap Pad capacity is expanding by some 25/35% (approx).

Could be getting into the 'fun zone' here if the next update is good, and is a coherent read.

Https://www.mining-technology.com/news/ghana-gold-board/?cf-view

Very positive IMHO. A country increasing their gold holdings by encouraging companies to increase production. A very small discount 'for the house'. Great stuff.