Member Info for tbcx

Imagine, REDC was trading at 11p in March. As of yesterday close morning (with new ticker) it's 147p. It's done 14 bags and counting.

That was a cash shell just like this. Same chairman and major shareholder as we have here, David Williams.

David Williams has invested significant amounts of his own cash here. Has to be a good sign, doesn't it?

I distinctly remember last summer this was a genuine 5 bagger on Juno run up alone. Now with the Gorge campaign just getting underway, you never know, might even see something similar this time around. We already have some clues pointing to Gorge being a potentially significant discovery. One thing's for sure, the company certainly has the right team on the ground in Australia to deliver some results here.

I remember looking at NEO last time it was being pumped on this board. Cursory DD and it was a hard no. Red flag #1 being the fact it was cross ramped in first place. Anyone who followed the story of GCAT knows how NEO will end up.

Anyway shortly after I dismissed it, sure enough it suspended for not filing it accounts. For the second year running. lol

Would sooner buy GEO than NEO. Fraction of the price, ex-GGP personnel, jurisdiction, no Jason Brewer. And Australia vs South Africa, well enough said really.

Callum Baxter is certainly one to watch. His track record speaks for himself.

David Williams well and truly proved himself with that one. REDC was a clean shell just like this. Interestingly, of the two this started out with more cash. Suspect he's been saving this one.

Very interesting stuff. Newsflow keeps on coming here. And further hints about the potential district scale of the mineralisation.

Plus with fully fledged tungsten drilling campaign set to start next month, big phase for the company coming up. All getting quite exciting now.

Very good stuff thanks. Despite the headlines, it seems if anything, going forward the security situation will be vastly improved.

With those measures taken, it does make you think, what better further way for the government to demonstrate the country is open for business than giving the greenlight to a major new gold mine.

Frasers another potential candidate. They have track record of acquiring bike businesses.

One way or another, this gets acquired. More a question of when - rather than if.

I do think market has missed the significance of this agreement. KGHM are pretty much the biggest name in mining in Europe with a multi-billion dollar valuation. It adds tremendous credibility here to enter into this commerical agreement.

Key part is KGHM will now have a interest in investing into the property. And not to get too far ahead of ourselves, let's say they find enough copper to ultimately warrant building a mine. (That must be their aim, otherwise wouldn't be worth the bother. It would then be KGHM responsible for mine capex. Meanwhile we'll have our adjacent tungsten property and potentially more gold/silver in additional nearby areas under the company's ownership.

GWMO could then enter to a further partnership to process our metals in tandem with KGHM - while only paying a fraction of the cost of going it alone.

Interesting to hear him quite directly referring to meeting with "stakeholders involved in permitted process".

We are very close.

When in doubt here I just look to the only other UK plc I'm aware of that Eric Sprott is invested in, Galantas Gold.

I'm sure some of you have seen it, but that did pretty much nothing at all last year, share price in the doldrums, long term holders were probably fed up, and nobody else was paying much attention to it at all. Not unlike Landore right now.

Fast forward to the start of this year, Sprott & co invested a load of cash into it, and the company used that as springboard to transform into a near term gold production story. I imagine anyone who sold Galantas last year must be totally kicking themselves.

In fairness we could probably do with some similarly ambitious management, but considering the calibre of investors we have on board here and that deal-making track record, I'll remain happy to hold shares here alongside them to see where this goes.

Could be a decent entry point here, with not long to wait to start getting newsflow back about some of these gold projects.

Market cap just £1.6m.

Nice, a genuinely massive slug of cash raised, and at $C0.55, equivalent to 30p a share.

Good sign to see Eric Sprott continuing to load up too. Adds tremendous credibility here, can't go wrong with following this guy.

These were absurdly good numbers delivered by the company today, coupled with this latest cash injection from Xinhai (I've frankly lost track of how much cash we have now but let's just call it an absolute boat load), credit to them for getting to this stage. Near term catalyst too with final feasibility coming up and we are looking at a fully de-risked story here.

I really don't want to jinx it, but there's a real sense here that the company are now are edging very close to delivering that blockbuster permit news. Today's RNS seems like the final step at the end of a long and hard fought road.

The language around the permit in RNS in particular interesting, reading between the lines the wording around that seems more bullish than ever. May well be looking at final opportunities to add here before we that get final sign off, and the rocket under the share price that'll follow.

Risk/reward does look good at this price.

The company still have Pitombeiras, it hasn't gone anywhere.

What changed was last summer, they made the decision to acquire gold projects, starting with Paranaíta which completed last August. That's when I first invested here. If you want to talk about share price, just look what has happened since they acquired that first gold project in August. Market loved the expansion and pivot towards gold.

Since then they've expanded further with second gold project. The company went from just owning Pitombeiras before last summer, to now owning a significant land package of different gold projects, and it's those that are rightly the company's current focus and which resources are being used to develop.

These buys really flying in now. Another £60k+ bought in two trades today. Yet still hugely under the radar.

Good question. Either way I've taken advantage and added more this afternoon. Would feel rude not to.

Totting up this $17m cash injection announced today, together with earlier cash from Xinhai a few months ago, massively de-risks the company - to an extent I don't believe is anywhere near reflected in today's market cap. And we're still left with far more on the books to realise value from.

It's quite striking when you look at peers to get a sense of value here. Cora in Mali has less gold than Dowke - yet that is valued ~50% more.

With our updated MRE coming, factoring recent drilling results and signs the mineralisation goes much further than previously envisaged, I would say we stand a very good chance of increasing that 1.4m oz even further. Positive news on that front - with any luck should - take this into blue sky territory.

If you think I'll debase myself by engaging with you, you're mistaken.