Member Info for Twohits

Like i said a few months ago, Laffer piqued my interest, but that wasn’t a a sufficient condition to invest. There was nothing else concrete to merit an investment. People can be bought. Laffer and co got tasty sign ons.

“ I like rocket emojis and multi-bagger chat as much as the next guy, but I also like to know what I’m getting involved with, it mitigates the possibility of me losing money…” Remember that?

You need to understand as many details as you can before you invest, not chase rainbows.

“I don’t think this got pumped as hard as some suggest, not in comparison to some other shares”

No, it was just the blind leading the blind.

Issuing warrants at 0.8p equivalent to the entire equity stack, tends to not be supportive.

They are poor results, anyone who thinks otherwise doesn’t understand the commercial viability of gold mining.

It doesn’t have to maintain $4 a share. It has to do that for the listing, but post listing it has to remain above $1. Hopefully all moot though anyway.

Anyone have any idea what’s going on?

Cheers novice, happy with that!

It will be a dual listing, this conversation is moot.

Yes it’s a valid point, but also therein lies the rub, HAMA have basically farmed out dilution. The gold play is not really a thing, hence them changing their name. They had a decent asset which has been sold for $1.9m, so as I said a couple of months ago this should essentially be viewed as a bitcoin treasury play. Only currently, there isn’t a play other than 20 bitcoins held in treasury.

I don’t have to be condescending, I’d rather not be, but when 2-bit chancers call me all the names they can muster, I stop playing nice. I don’t include you in that btw, you’ve mostly tried to engage in a cordial manner.

*65% down from its high.

Sharpey - you’re still fully invested in a share that is 65% from its high a couple of months ago. Lol. Proper savant.

Wildboar the deal was struck in cash terms.

“Hamak Gold and First Au Limited have entered into a binding terms sheet dated 15 May 2025. The terms give the right for FAU to progressively earn up to a 70% interest in 79 Resources Inc, the 100% owned subsidiary of Hamak Gold which directly holds the Nimba licence, through funding exploration work at Nimba as well as issuing up to £627,473 (A$1.3 million) of FAU shares (or combination of cash/shares) to Hamak Gold Limited over the next nine months. FAU will then have the option to further increase its interest to full ownership in the project should results justify, in return for continued project expenditure and the issue of a further £289,603 (A$600,000) shares in FAU, being a possible total consideration of £917,077 (A$1.9 million).”

It’s 101 stuff and actually worse than I thought. $1.9m total consideration!!

You did the first 35% tranche for $600k (+ a bit of cash) struck at $0.06, so you got 100m shares. If the share price is higher, (let’s call it 12c for simplicity), you get half the amount of shares. Your first tranche had gone up, but the remaining tranches give you half as many shares. You want the FAU share price to be as low as possible until your cash based share allocation is converted.

Enough now, this is too basic to have to be explaining.

Fair enough, that was quite cordial, but you don’t own 18% of FAU, the higher that share price goes the fewer shares you get. That’s what the clapping seals here fail to realise when the FAU share price goes up

They sold 210k it’s nothing. Probably had to rebalance given how much below 10% they went.

Yep you can thanks me for it later. I take it as read that you have no idea of the link between MAST and MET1. Newbs keep your powder dry and watch how this stuff works before you deploy capital.

And for the record you had no idea what percentage you were getting of FAU, i tried to help, but got a wall of abuse. Anyone thinking of getting involved in this scam read my posts and then google the fake sheikh that has given you the princely sum of £100k, when all the pumpers on here tell you “the qataris are backing it”.

Consider it pro bono work from me.

Lol - wee bit desperate fella

Oh and laffer won’t be tapping me up for advice, he’s too busy tapping you mugs up for money.

Because you all had no answers to my questions and were exceedingly rude. Now I’m enjoying watching it fall, it’s gratifying to be right.

I might have a punt at 1-h, purely because of laffer, but currently the only tangible thing this company has is 20 bitcoins and a small share in the company that took your mine off you for slightly less than $3m.

You all bang on about 100m balance sheet, how do you honestly think that works, do you think they just give it to you and you’re all suddenly in the money? The only way any fund mad enough to countenance giving a start up $100m would be through equity, in which case you’re all wiped out. Have a lovely weekend all.