Member Info for swest42

All agreed Hedge, but inexplicably look where we are. It's hard to watch TBH, its confusing, and the selling defies my personal logic.
Q1 MRE, best foot forward. GLA

Don't disagree with a word u said. First word I used was if. Guy pays ur money .. GL

If VM and Co. are really strategically aligned, a deal could already be ready of course, pending JORC (due diligence); its clear they've been consulting widely for some time
I note exploration managers are now appointed variously, IRR seems geared up ready for 'something more'... time will tell. GL

I would like to just add that when the MRE lands in Q1 I'm not expecting an immediate 'mega' boost to the SP (albeit that would be great). When previous RNSs have landed the reaction has been notoriously y muted here.
I think the SP action will move with an ensuing RNS on how the resource is 'moved'. I believe these conversations are continuing and where VM is concentrating. I'm looking for that follow on deal, this is where someone like Sumitomo will earn their spurs, looking at a strategic partner, someone like LG Chem or some such getting involved. Mine finance (producer) or just straight sell - TBC.
Once that deal, in whatever form, brings funds into the business CDI can be properly unwound, and eventually Chad can be looked at meaningfully.
Point is, that one initial (est H1) deal falls, 'the rest' is in place - right now.
Think beyond Li, Gold outlook remains strong. If IRR moves as a result of Ghana it could move v fast indeed. Thats essentially why I'm still here.
If others have jacked along the way due to SP FWIW I also understand that. Risk/ reward/ nerves / exasperation; that never changes. GL

struggling to make head nor tail of the trades, or if even they're accurately reported
best not to try, just sit tight for Q1

Always good to hear from you HF in these dark days SP wise
One point where we may differ, only opinion : unfortunately IRR have no funds to do anything with Chad at present and would be unwise to expend meagre funds there IMO.
The recent 'robust treasury' proved not so robust. Bordered misleading that comment AIMHO.
elsewhere all agreed - Q1 awaits. SW still on board. ATB

spot on ur last para Mike

Hi Weetsie
No officially I don't believe Chad is off limits. Do u happen to think we should we carrying on in Chad ?
Its my opinion that any more talking, or more pertinently expending money, on Chad is the stuff of dreams until we remotely have more funds. Where out iis are in all this is beyond me. Anyhow, focus MRE Q1. Potential still massive but I think we're sailing close to the wind financially. And why/ who this bloody seller is also beyond me ... GLA

FWIW IMO. Chad off limits until further notice. Parked. 2mill wont touch sides.
Q1>JV>funds into the business. And yes, this 2M represents the last batch of goodwill.
Mike we're jointly perturbed. GL

Hear u Mike, but why are we down here then ?
Don't be pressured to answer, I don't think there is a reasonable answer. How can the market value all the exploration spend since 2017 at virtually nothing, ? clearly SW is frustrated today (!) . GL

Personally I'd like to think a line has been drawn with this raise.
If its less potential and more cold hard deliverables hereon we'll be OK.
So, on that basis, Q1 starts in circa 7 weeks. I'm fully on board, but with family ISAs looking far from great, well lets just say its been a chastening experience of late. Sincere GLA and did I mention Q1? Oh ...Q1, Vince.

When were/ are Geodrill permitted to sell, it is in any way feasible the recent seller is Geodrill simply cashing in their invoices so to speak

absolutely

Agreed.
One other thing, I'm a big supporter but don't get me wrong. If Q1 doesn't happen 'in Q1', there will be a severe price to pay.
VM et al are very sensible, thats part reason why we're here, they know the gravity of the Q1 statement, I'm comfortable they've factored a buffer to that delivery, of course early delivery never a problem, that a possible here. GL

Its my very personal opinion that nothing on financing needs to happen or will happen pre JORC.
Post JORC, finance will be brought in by some sort of partnering / JV agreement. A conventional raise may occur post JORC, I don't think it will, but even if it does, it will be at an elevated (non dilutive) level, possibly at a premium to existing price causing a natural re rate.
A defining point for me is that its now clear we'll achieve Q1 JORC on present funds, thereafter the game changes.
The outlook is v positive IMO.

Pays your money...
My top up just went through at a whisker under 4.6, which being very open about it I said earlier in the week on here I didn't expect to happen

That MRE timeline finally confirmed very welcome, funds have clearly been carefully managed to get there.
Stacks up from here on in very well.
Priorities and plan remain steadfast : Ghana > CDI > Chad. Quiet discipline (from BOD and investors alike) is paying off.
GLA

FWIW I've placed a substantive top up (cheeky imo) limit buy order at 4.6, if I catch a brief dip great.
However, for a bit context thats the very lowest I can conceive here right now, and not expecting it to be filled. I'm some way up here so no harm in trying.. AIMHO etc GL

Haha I always get that feeling when I top up, so it's not just me. I think you'll be fine. In fairness Joey got someway towards his 4.1 last week but no cigar. Its simmering now pending news. As the wise often say ' buy on rumour sell on news '. We're in the first half of that maxim imo. GL

SXX happenings have not helped. Theres a mini storm atm, it will pass. Looking cheap here, GL