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That 8,400,000 transaction at 0.0214p was me and it’s a buy, at this level it seems a bargain, but alas we need news on those state approvals which (hopefully) are fairly imminent. Recent share subscriptions have been at a relatively low discount to the SP so (again, hopefully) there will be no substantially discounted equity raises and also a few hundred k here and there against a £10m MCap isn’t too bad.

You should do a lot better than 5p if we get non-dilutive funding, which IMO is more likely than a placing. It’s not a dawg, they just need to plug a short term funding keep and re-evaluate the overall financing model, hence the smart appointment of Mr Graham Bird.

Charles Archer interview with Paul Welch on The Sunday Roast Podcast Midweek Takeaway posted today - very informative and interesting. It’s on YouTube

Problem is they can’t do an equity raise below 5p (the nominal value of the shares) so they would need to do a share reorganisation first and that would need the passing of a shareholder resolution. If only they’d announced a placing at the same time as the trading update 4 weeks ago, they might have raised at 10p a share - I guess they didn’t anticipate the reaction to the trading update would be so severe

Tightening the spending belt this month, at less than 1.2p a share, added more at this bargain price. Gold price has dropped recently, so what? We’re not a producer, it’s what the price is 2 years from now that matters, especially as we are now fully funded.

Sorry, warrants are exercisable within 2 years at 0.0125p not 0.00125p. Once these clear I would expect the SP to rise significantly particularly if the current WTI price remains above $85 (which I think it will for the remainder of 2026, even if the strait of Hormuz opens this week - which IMO is unlikely as Trump needs an out where he doesn’t lose face) and production increases as anticipated by the company and as per the Charles Archer article. Provided the current free cash flow is maintained and there are no fundraises in the short to medium term, this could re-rate substantially. Don’t know what the share price target by various experts is, but 0.05p doesn’t seem overly optimistic, but BUCE needs to continue to build shareholder confidence and that won’t be achieved immediately

Looks like a pump and dump but probably isn’t as warrants from last placing kick in at 0.00125p so these may have been sold with the company raising more cash along the way - maybe!

The RNS was on 21 April and 3 weeks later we are no further forward. They have done nothing since meanwhile the SP has tanked further so that any placing is going to be mega dilutive. They should have done the placing at the same time as the trading update when the SP was 15p, they could have probably got it done at 12p and we’d be OK. Alas, I think the way the news was released and subsequent inaction suggests more is afoot. Hope I’m wrong, but…..

Fantastic RNS. Even at the lowest end of the oz spectrum. We are looking at circa 7,000 oz. Let’s say gold price drops to £2,000 (no one is even predicting this) then that’s 14m of revenue for a £3m MCap company. Even on this most eyeore calculation the company is significantly undervalued. If we go midway and say 100,000oz that’s 200m of revenue. Amazing. Now I know there’s the cost and time of getting the gold out of the ground and there will be funding to achieve this, but still , with time and patience this looks like it can only go one way from here. But the market hasn’t latched on, what am I missing?

If only Oak Bloke had grinded the numbers when ONDO was over 30p! I wonder if he’s trashing it now so that he hopes the SP drops further (it has) and he can bag himself some cheaper shares….

Oak Bloke is always wise after the event. He was plugging Belluscura until that went under and has been plugging Kazera Global until that stalled and is going nowhere. Oak Bloke, the Captain Hindsight of AIM

The reason the SP tanked was because of a short term funding gap / requirement to facilitate the growth plan. Now a few posts are (assumingly) suggesting that the leakbot was a pile of c*ap all along, while running on 2 AA batteries when it should be using a different battery- you’ve got to laugh ….Sort the funding and this will recover nicely

They won’t delist, they need 75%+ of the votes and they just haven’t got them. The equity raise cannot happen below 5p so I think the SP will rise in due course to facilitate that. Once placing done and cleared this should recover nicely as funding will be sorted and next phase of growth can happen

The RNS said equity finance but they can’t do a placing at less than 5p or issue new shares via a CLN at less than 5p (bring the nominal value) unless they do a share reorganisation first, which takes time and (I think) requires the passing of a shareholder resolution, bearing in mind the current financing gap is short term. The problem is they probably didn’t expect the SP to tank below 5p so they have a conundrum. Interesting to see how they get around this…..

The CLNs have been converted at 0.1p or thereabouts so the fact the SP is 0.2p tells you that no one with any ounce of sanity is going to pay more than that when there could be repeated CLN conversions to come. IMO when they cannot find any alternative sources of funding (and they won’t) the company will have to cut costs even further and probably delist.

Just watched the presentation which was very informative and he dealt with the questions very clearly rather than in the subdued way he did on Stockbox. The company has a plan for growth and it all makes perfect sense to me. Bitcoin opportunity is dead, ORR is key (brought to the company by PM through their relationship with Hunting) and acquisitions doing well especially with oil price at US$90 per barrel. Net monthly cash flow in April 2026 expected to be US$200,000 with production to increase to 200 bpd by the end of 2026. The ambitious 5,000 bpd target will necessitate acquisitions and they are focused on the right opportunities.

PW presenting to investors and potential investors later today. His last Stockbox interview wasn’t great as he was floundering when asked probing questions about numbers. Today is a chance to be more engaging (pun intended) and be more convincing about the numbers, projected revenues and cash flow etc. I know he can’t divulge a lot outside a RNS but he can be more overall reassuring especially in current high WTI price environment. Less general waffle and more specifics please. Right, Tony45 over to you lol

Looking like a weekly programme of CLN conversions of £50,000 - who’d be daft enough to invest. Last time they got the shares for around 0.1p and sold them (3 business days later) for around 0.23p; this time they’ve got them for around 0.1p again - wonder what they’ll sell them for, assuming not all already forward sold. I’m in the wrong business; and actually, this behaviour is blatant, disgusting and immoral.

Come on Janiax, this company isn’t in a great place and the current funding they have is classic death spiral financing. If, a big if, they secure better financing terms elsewhere (good luck with that) then they might extend the cash runway a few weeks longer but unless that happens the SP trend is downwards unless the revenue streams significantly improve and the company veers towards being cash flow positive.

They didn’t clear the CLNs, they sold the shares that they acquired by converting £50,000 of the CLNs leaving more than £4 million of the CLNs intact. Please be accurate as details matter.