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No getting away from it, this is what Aim management tends to do. Will struggle to find one that doesn't award options at a board level.

At least they have skin in game now and incentive to ramp this up so that if there is good news forthcoming, especially around Thermo Fischer JV, they'll want to ensure they're positioned beforehand like anyone else who has invested here.

Bigger picture they are still delivering a commercial product with proven science that improves the outcome for patients undergoing transplants, in partnership with a company valued at $200bn+. The potential speaks for itself.

Let's see what news they now deliver.

Time for a new thread away from some of the typical infighting.

In case anyone missed significance of Kobold, they are backed by Jeff Bezos and Bill Gates, valued at $2.96m. https://www.mining-technology.com/ai/ai-kobold-537m-funding/

For them to be injecting this cash here speaks volumes.

Huge news, especially when you consider this is only one part of the portfolio at this market cap - market had effectively discounted Konkola West entirely.

For Kobold to be injecting up to $6m has to be best case scenario for shareholders. As well as being non-dilutive, with Kobold being such big players backed by likes of Jeff Bezos and Bill Gates is a big stamp of approval. Not many other micro caps can claim that.

That guy says same thing on every share, I think there's something wrong with him?

You can tell he hasn't even read company's RNSs.

If he had he might have clocked the gold exploration program fully funded (9th Oct). Drilling underway. Cash in bank from both raise as HarChris mentioned plus from selling stake in Bres. By the standards of Aim this is highly liquid.

Seems like a heck of an opportunity to take advantage of this retrace and be in effectively at same price as the IIs and insiders.

To be honest did not expect to be able to buy at this price again but here we are and have taken opportunity to add.

Looking at wider market, it's true nothing comes close to the value seen at this market cap.

Funded drill underway.

Gold in ground.

Prime assets in Nevada.

News this quarter.

Firm buy imo.

Yes the 1.3 options are only ones below current share price, afaik. 60m outstanding. If all of them were exercised company would get £780k.

Rest largely issued to employees and at a significant premium to today's price.

Worth noting where annual report says 'Stg' they mean sterling. They've formatted the currency a bit weirdly, I guess the guy writing it didn't have £ sign on his keyboard lol. So "Stg 0.04 pence to Stg 0.8 pence" should read as £0.04 - £0.80. Either way multiples of today's share price. Will be party time if any of those exercised.

*these sites

Personally I'm here for the gold and minerals. If they get final JV for mill completed I'll see that as a bonus, if not it's immaterial vs potential of tese sites.. The company's recent RNSs are pretty clear the company's current priority is metals in the ground, which makes sense with gold price being what it is and the gamechanging climate for critical minerals that's developed over last few months.

Re gold - we have the big one coming up

28th September RNS:

"All permits are in place with authorisation to drill at the Rhyolite Dome gold prospect received, ensuring the programme can proceed without delay."

With all these assets, those drill results to come, and further drill for gold now underway on that high priority Rhyolite Dome, market cap ludicrously low.

Worth noting if warrants are redeemed, the company will be banking some cash from each redemption. Plus most priced not all that far away from current share price, so much better than some of these other stocks with ultra low value warrants.

It is very interesting to see the language used in this RNS, you sense they are dropping heavy hints here about what lays ahead, and in so far as they are permitted with lab results to follow, excitement seems palpable.

"visually mineralised veins"

"Significant potential for further resource growth"

"This corridor has 15+ high-grade gold occurrences and historical sampling up to 135 g/t Au"

"multiple additional targets across the broader project area, we believe there is significant potential for further resource growth"

and of course that visible gold. Cannot ask for much more than that.

Always good to see directors with skin in game and to hear about new institutional investors coming aboard at this key stage for the company. Cash banked now removes any lingering uncertainty, added together with Storm investment now very liquid for next phase. With insiders and IIs positioned and MRE to follow, the brakes are off.

Jurisdiction wise personally I'd swerve OMI, the cartels run certain regions unfortunately and with that comes a fair bit of risk. There is also the potential messiness from breakdown in US relations unfolding at the moment https://www.bbc.co.uk/news/articles/c709w5v9dq9o

Of all the South American countries Brazil considered prime for mining and enabled a giant like Vale to thrive.

Valuation wise though you are asking the right questions. I've been in micro caps where I've found myself second guessing something that looks too cheap, only for those stocks to go on to multi bag, turning out market was simply wrong. Micro caps like this tend to be too small for the IIs and have no analyst coverage, which sometimes leads to these huge value disconnects and therefore opportunities. Trick is finding them. Jan ticks all the boxes imo.

The Minestarters investment was a huge red flag. So utterly out there it raises questions around inducements. Because of that and Wade's track record at Focus Xplore, not surprised to now see more cash going out the door on an investment that raises more questions than it answers. £5 million spent in last week alone is an eyewatering amount of cash proportionally for a company with market cap this size. Talk of 10p dividend now that appeared on here clearly absolute fantasy.

I keep coming back to some of the historical site numbers they've shared, and how you just don't see grades this high on a valuation this low. You sense much of the hard exploration work already done with those millions spent, so when drilling commences can be properly targeted.

Then before drill of course we have news on samples within next couple of weeks. With it being so near surface that we have visible gold even at this stage, I reckon these results alone might be the thing to jolt the market to what we have here. With this newsflow to come, potential for upside here seems significant.

Definitely just sector turbulence, even giants like Fresnillo taken a bit of a beating over last few days and that's FTSE100. Since start of week we're down about same as Barrick, can't be too bad.

This has now fallen too far, with these top tier grades and silver looking as bullish as ever, seems and ideal time to buy.

Missed the first pump here and have been waiting even since for a retrace, happy to get in at this level.

I know it doesn't really need saying on this board but this gold market is a genuine gamechanger for the company.

All that hard work, acquiring of assets and investment undertaken when the wider world wasn't really paying very much attention. They've been plugging away at this for years, even when gold a fraction of today's price. Now we are reaching stage of all of it coming to fruition, at same time as entering what is shaping up to be the best gold market in history. Could not be better positioned here.

When precious metals and rare earths are absolutely sky rocketing, this is where the company's focus should be. Total no brainer, market could not be better positioned.

Let's be frank about this, on the other hand this tokenisation stuff is a load of b*llocks. Almost if they are looking to chuck money at something. Metals vs digital tokens are two entirely different investment bases. It really does not look good they are still trying to pretend FDR didn't happen while making announcements like this.