Member Info for Zesty514

If MEGA are prepared to do all of the mining work for only half of the gold, they must be confident there is A LOT of gold in this shallow pit mine. More than enough to make it very profitable for their 50% stake.

4 months? That's is excellent news, thanks for highlighting this

Getting closer to 2 April, with all objections to the mining licence already removed, is that the day our mine gets rubber stamped?

Not long now...

MEGA recently bought a 10% stake in Riversgold. What does that tell you about their commitment here SM?

Yes apparently there's a war going on and now they're bombing all the oil infrastructure. We don't live in a bubble mate

Yes Dream's example missed out Riversgold. Of the 200 billion, Mega gets 1 billion, Riversgold gets 800m and Oracle gets 200m.

What's your buy-in target SM, and if you haven't got one why the hell are you here?

9% pure profit of a new gold mine for perpetuity and zero costs. Oh no what a terrible mess we are all in 😂

Yes Stock moron, I do

The MRE chat is so weak I'm embarrassed for you, try something new

No one said it's guaranteed, need mining licence approval first

9% of a gold mine is still a **** load of gold. and it's 100% profit to oracle. anyone trying to frame that as a bad thing is not shuffling with a full deck.

Its actually 9% as Goldbug pointed out yesterday. Because 1% of Oracle's 10% must be reinvested into project development.

But that 9% is pure profit worth at least 10x our current mcap every year, according to conservative figures posted earlier.

Hope no one followed Punter's tip on 80M, looks like another pump and dump over there

No idea why anyone selling right now. I've heard a few say they don't trust Lenigas, so maybe that is a factor in people's reticence here, but who knows. ISA renewal is coming soon, so could see fresh powder from PIs...

The MRE will have the biggest impact on share price. At the moment we have a 10% free carry of a gold mine. But only the MRE can quantify what that is worth.

I'm not sure the SP will drop back after mining licence is granted and share price pops. As Instis will be able to invest from that point. But then this is Aim and everyone seems to think short term so it probably will happen that some sell the news. Just remember what the news is - basically a golden goose that will keep laying

StokieGuy, just to add to your note about ownership, mega did recently buy a big chunk of RGL shares. 10% if I remembered that correctly

StokieGuy, just to add to your note about ownership,

Seems the SP is stuck until the mining licence is approved, which many expect to happen on 2 April. Or we hear some news about Thar project soon, which seems less likely. Not long now for Northern Zone news at least...

It's still valid to feel frustrated by lack of news on Thar and Blue Rock, Steve.

I only got involved recently and was attracted by the gold, but I understand lth frustration on lack of news.

But I think all of that frustration will go once we get that mining licence and the SP starts to re-rate. Not long now...