Member Info for zebbo

ARCO invested over $100M in prelim exploration on our Jameson Land acrage, thats c$330M in todays money. If it was not for restructuring and strategic priority changes they could have been sat on billions of bbls of P2

Shame we now have to prove it for them....:-)

I am expecting news over the next week or so. Hoping for a positive outcome :-)

Lets hope we get an update on the initial clean up/s at Raglan. Ie a week running pay dirt. Feels like Ragalan could be worth the current SP as it stands

Now hes set the hare running on returning value, it would be good to understand the "how" & "when"

Can sell 200k, max buy 50k, looks like we are skewing to the upside. Overhang must have cleared this morning

Feels like a significant drop with zero news

Although I say 1p. These could explode massively if we get positive commentary and US buying

I expect the SP to start grinding higher to provide a more risk weighted outcome vs the 2 drills. Expect this will be well North of 1p. Baring any other pos/neg news

No better time to start a buy back IMO.

So, one of the things Im expecting to see / have communicated is gold per metric ton. I cannot belive the current project owners are selling up if there is good gold in the ground.

If commercial gold (ie profitable) gold is proven, then the deal sounds like a very positive move

RatT2, your response is subjective. I just summariesd the accounts (you know, whats in black and white)

Picked up more whilst there is blood on the street. If they come back in a week and say the ground is good. It will be the greatest thing since sliced bread

"Thought this was one of my 90% ish AIM losers but just seen its a -77.28% one"

RESULT :-)

Moving on from the knee jerk panic merchants

A more real concern is how come they got all that equipment and land with a licence for buttons. Maybe because the original project owners could not find any gold. Stands to reason, sell of dud land

Or large background buyer. Either way nice to see blue on the screen

Yes, all explorers need to raise cash. Thats the nature of the beast. If you worry more about cash than the opportunity, you are more than likely in the wrong game

That to one side, EST only raise what they need to

David_82, thats why Saba have taken 5%. There is lots of value to unlock here

All good, steady away. No mention of Saba :-)

More good news, just wondering if I should make a bid for such an undervalued company :-)

Just to be clear, as some are already talking about fund raise doh.... The balance sheet is very healthy

Mcap £20M

Assets £42M

Comprehensive profit £5.3M inc Currency tailwind

Cash £1.7M