Member Info for volmer

I wish you all a happy, healthy and prosperous 2021. As those of you who were part of our Action Group in 2020 know, last year was a year in which Metals Exploration was deeply engaged in debt refinancing and also had its operations affected by covid.

I am looking forward to the Q4 2020 results later this month. Hopefully, they will be one of the best quarters as a number of improvements have been made to the processing plant.

Then I think we will all be looking for gold recoveries to improve towards the planned level. If this can be achieved, gold production of at least 80,000oz should be in sight. Assuming a price of gold of $1900 we could be looking at a share price some multiples of the current price. All IMO. Please DYOR.

Les

There is so much good information on the company’s websites and on this discussion board about the company’s business. The company’s management is very communicative with shareholders. Excellent! But there is one big gap - the breathalyser.

Is it a major business project? We do not see a separate business unit devoted to the breathalyser. Nor are we aware of any workplan and associated news flow. It seems the project is going through three stages but what is the current position, what remains to be done before launch, what are the launch plans? Will it affect us as individuals as well as shareholders?

I think we are all interested in these milestones not just from an investment viewpoint but also due to disruptions in our lives that the virus has wrought.

As mentioned previously the UK and Ireland is the company's home market where its directors, staff and many shareholders are located. The company uses the infrastructure of the the UK and it is in everyone’s interest to use the breathalyser to improve our lives.

Please GB can you help us to understand the company’s way forward with the breathalyser?

Many thanks.

GB many thanks for the information. My questions were directed to the breathalyser and not to the water applications as testing people for COVID appears key to getting the epidemic under control.

Yes, I could not understand why the ticker RCR is described as Tomlinson Limited on the a d v f n website.

The confusion was not limited to the UK. As mentioned earlier the Hot Copper site showed a market cap of some A$231m earlier today. This has now been corrected.

All very confusing and, I believe, this is why Rincon's share price increased by only 50% on the first half day of dealing. It has been flying under the radar on it's first half-day of trading.

We should see a more realistic price for Rincon tomorrow and in the following days. This should also be reflected in a higher price for Gunsynd tomorrow!

It's a must see - the presentation given by the Chairman. https://www.youtube.com/watch?v=pTTzpTQnEks&feature=youtu.be

He explains all the tenements with Westin having a 25km strike length and Laverton having already seen drilling results including 7m @ 15.9 gms per ton. Exciting times tomorrow once we see how Rincon's share price closes.

A new company presentation was given today.

https://www.youtube.com/watch?v=pTTzpTQnEks&feature=youtu.be

Rincon rose to 30.5 cents in its first day of trading. There was a lot of confusion at “Rincon Resources” in Australia on Hot Copper which shows a market capitalisation of A$231.5. Clearly wrong. It should be nearer A$15m or £8.8m.

Once this confusion is sorted out and Rincon gets the correct publicity its share price should find a proper level, which could be much higher.

Will Rincon see 80 or 100 cents, which would value it at £27m. Hardly expensive when you compare with Artemis £75m and Wishbone is valued at £18m.

Tomorrow should see more price action on Rincon. 100 cents maybe not, but it could come close. GUNSYND's share price should benefit once the confusion surrounding publicity for Rincon is cleared.

Garry, I cannot agree more. The UK and Ireland is the company's home market where its directors, staff and many shareholders are located. The company uses the infrastructure of the the UK and it could be argued that the company hasa responsibility to serve this market first. A successful roll out of the Microtox BT in the UK would be a first class endorsement for sales to any other market in the world.

Whilst China and the USA are larger markets, they will not go away if the company commences sales in the UK and Ireland first.

Please GB, can you clarify the marketing intentions for MicrotoxBT?

Many thanks.

A new high grade discovery by Eagle Mountain.

https://newswire.iguana2.com/2fee0049d633f441/announcements/em2.asx/6A1013236/EM2_Announcement_6A1013236.pdf?download=1

Artemis nearly bought Rincon last July here is the analysis of Rincon that Artemis issued at that time.

https://www.asx.com.au/asxpdf/20190716/pdf/446mywqyt7yzgy.pdf

You can see why some at Artemis wanted to buy Rincon. Also, Rio Tinto tried to buy the three projects but were pipped to the post by Rincon. To me this looks very good indeed.

For those that have considered the political/country risk for Metals Exploration, it is interesting to note this continues to be relatively favourable. OceanaGold has a mine in the same district as that of MTL's Runruno and had encountered local problems relating to the renewal of the FTAA that enables a company to operate a mine. Two days ago the following item was reported.

"OceanaGold has been informed that the Office of the President of the Philippines has directed to complete the renewal of the Financial or Technical Assistance Agreement,"

It is good to have a favourable operating environment as other issues appear positive or moving in the right direction, e.g, gold price, progress in processing, resource available and potential for growth. Gold production has been hit by covid and other factors this year but I am hoping to see a record gold production in Q4 2020 and likewise for the year 2021.

I hope DVRG can provide the test. https://www.bbc.co.uk/news/uk-england-birmingham-55280142

apr, another set of excellent analysis and posts. Let's not to forget the management. The management team at Rincon are also the management team at Tesoro Resources where the share price has increased 10 fold in the past 12 months.

On the question of how many shares GUN get in Ricon, it does not have to be an equal allocation for all applicants. In view of GUN's support for Rincon in the past and being currently a 28% shareholder, I would expect GUN to end up with between 15% and 19% of Rincon.

Following on from Rincon and Angold listings, there is also GUN's holding in Empress Royalty also due to be listed in Toronto in December.

All the focus is naturally on Rincon but let's not forget the investment in Federal Gold to be renamed Angold. Their 2 flagship properties – Dorado (Chile) and Iron Butte (Nevada) are in elephant country – districts hosting multiple 10Moz+ Au deposits.

Angold is making a reverse takeover of ZTR Acquisition Corp. The RTO price is Canadian 40c. New shares are being issued and it looks likely that GUN will add to its holding. In the GUN presentation they show peer companies to Angold being valued at around 5X to 10X the 40c valuation of Angold. News of the completion of the ZTR RTO should come any day now.

So it could be a double whammy - Rincon and Angold.

It is understandable that the company cannot sometimes comment beyond what is in the public domain. What I cannot understand is why the company is not using PR to promote Microtox BT. Other companies with their inferior tests are using the media to promote their products with considerable marketing success. Why does Deep Verge not promote Microtox BT using PR? Is there any form of restriction on DVRG in targeting the UK market for cv testing? The excellent recent presentation said the company was targeting large markets (China, USA) and the UK was not among them, as far as I could understand. THE UK is the 6th largest economy in the world and a showcase for innovative technology.

I expect GUN to end up with between 15 and 19% of Rincon and we will know in a weeks time.

Interactive charge £10 a month for a trading account and ISA. This includes one free trade per month. Other trades are £8 each regardless of value of trade.

Lee, a good post.

Hi DJG123 and others,

I have read the comments on HL not offering Aussie trades. In a separate project I had with Metals Exploration we found certain difficulties with HL arranging votes on behalf of clients. I use Interactive Investors who proved a superb service and also trade in ASX stocks as well as an "offline" broker. If a broker does not provide the service you want just change it. There is no point in being loyal to a poor service provider IMO.