Member Info for VernetLes

Ouch!

Wonderfully naive presentation.

S&M would have been better off finding a clean vehicle in the plc space to advance their bittensor ambitions.

With Mike Edwards and his daughter holding a very significant chunk of the equity they likely continue to hold influence.

Not interested in buying back in here.

Mcap at 1.5p - £20m

Unless news surprises that's plenty.

8 trading days left

Yes, but even so Ujo is hardly overpriced imv

The politics will change in due course.

14 to 10.5 retrace done.

Sp should move on now.

Drill is a long way off but tend to agree w Serif that they might have let Wuhai into an AMI deal of sorts.

Still too early to get involved again at the moment...likely the sp drifts a little

The fundamentals look very strong.

each 100$ rise in the gold price adds $3m to the gross value of the tsf dump in situ at 100k ozs and 30% recovery . It's the right time to be moving the economic feasiblity forwards.

Gold price tracking steadily north $5,068

Not yet js. drilling end of year. looking to get on board sub the placing price if poss

Fair comment. Me too.

Modest but growing divi.

Grossly undervalued but that is the Aim for you.

Patience given some retail have bagged up etc.

A new Tr1 anticipated maybe with 15% stock traded in a month or so.

Given the share price low of 0.5p last summer, raising at 1.2p is a good outcome. Well done Will.

No rush to buy the shares in the market just yet.

GLA

Divi should be comfortably up at 0.25p/Q come year end.

At 48m shares Martin Ooi will be pulling in £50k a year income.

Is going to take a very juicy offer for him to part with that holding imv

Ghana operations took the shine off what should have been combined op profits over £3m.

Gold price across Q3 is looking like ave. 5k against 3.8k Q2 or 30% uplift.

New jorc to come for the Tsf .

£9.6m annualised operating profits with £4.7m cash at hand.

Great find Flombo!

Market is forward looking so a strong Q2 should give confidence. We can do the numbers for 1/2 yr upfront.

Having raised FY26 expectations, Q2 should be super good.

Nice divi 5% annualised yield will do for starters and attract a broader investment community.

Let's see.

Expectations?

Divi upgrade, buy back programme, possibly both.

Tsf development forward plan would be a big win.

Gold price consolidating around $5k

Big churn of stock recently.

Gold likely average $5,000 Q3

just steady state production will deliver handsome profits from that Ghana inventory into doré