Guardian Metal Resources Share Discussion Threads

[the count of monte_cristo] 22/2/2024 08:28

Let the buying commence:)

[metis20] 21/2/2024 20:23

Great interview - same as in #144

A one hour interview with CEO Oliver Friesen

The interviwer, Charles Archer wrote, "I chatted to @GoldenMetalRes CEO
@oliverjfriesen at length last night (20th Feb), covering the investment case for one of the best mining stocks on AIM today.

[the count of monte_cristo] 21/2/2024 19:55

My buy was for 55,000 at 15.5p.

[smart48] 21/2/2024 17:04

Managed to pick up a further 19k shares this pm.
Loved Oliver’s latest interview,
Could really motor on further good news as relatively small free float of shares, plus growing demand from US investors.

[rolo7] 21/2/2024 16:00

could not buy 10k number of shares earlier looks good for 20p

[someuwin] 21/2/2024 15:49

Moving up on small buys.

[the count of monte_cristo] 21/2/2024 15:39

GMET covered from 3 mins 20 seconds. US buyer and well followed stock picker John Feneck, load up before the yanks do:))

[the count of monte_cristo] 21/2/2024 14:22

By Charles Archer in the Telegram group.

Okay, so (my opinion, Oliver holds the cards) you have a timeline of events where you need to crystallise value as you go:

Strategic placing with HNWs/family offices (March-April) I asked OF directly in the interview and of course he could not confirm but given the assets this is exactly what i would do. Worth noting POW managed similar with Saudi and UK investors recently, similar connections. One of the key attractants is that GMET has a sticky share register - POW, OF, a handful of HNWs are not going to sell regardless of share price action, so you want to expand the register with the right people; this may take time

Warrants exercised sometime in H1 as market cap rises. You will have just over £5 million if you assume they all get exercised and share price goes over 17p so all in the money. This may initially hit the mcap, but longer-term you can then market the company as warrant free and you have £5m to get drilling

The grant funding at some point in Q2. Would expect an update soon, but remember even after funding awarded, may take months to actually get the money.

Then you have the five targets at PM to drill, just one of which could double the current 2017 resource. Garfield you have an area to target of overlapping uranium/porphyry which is coming close to drill ready with expert narrowing it down. These are the two flagships and while everything is for sale, Oliver will not let them go. CEO knows the first target to go after at PM, and will soon know the first exact target for Garfield.

Then Golconda, only 100-150m (from memory) below surface to get to mineralisation, so very much a case of stick a drill in, prove there's 'something' there and sell it to Barrick/Newmont. Most likely Barrick, esp given OF's previous work history. Then Kibby, my guess would be that the company will take whatever deal comes to drill the brine target that was previously missed - this is non-core and staked for pennies. Again a 'for sale' sign on the door for anyone who wants it

OFC, this all assumes every target/asset comes up with the goods, but the general idea is that you might have £5m from warrants, a further £2-5m in a strategic placing, and then some more from selling Golconda. I think it has a long way to run given location/geography and if by July you know warrants are exercised, grant funding is coming, and the share register is strengthened AND no dilution soon it all sets up for a tidy H2.

With the very strong CAVEAT that it is early days and you are still at the mercy of the drill bit, I think 30p by the end of the year is very reasonable and much longer-term a £100m mcap is achievable. But you will have some volatility. I think one key factor to remember is that getting grant funding does not equal mcap rise (look at Blencowe). Drill results do - and the drill is yet to go into the grounf

OTOH, I know some small cap operators in the US have got hold of £20-30 million of grant funding....

[metis20] 21/2/2024 13:34

Thanks for the link TCoMC.

Some details:-

The UNTESTED conductive anomaly extends through the GMET claims Kibby North and Kibby South (3:10 in the video).

KB2-02 was drilled, by the holders of the adjacent licence, about 250m from the GMET Kibby south boundary (5:30 in the video).

This hole intersected 170m of lithium rich clay and also lithium brine but it did not go as deep as the conductive anomaly - (c5:10 in the video).

The section AA' shown in figure 3 is about 500m south of KB2-02 (8:00 in the video) This section includes a very strong conductive anomaly that is very likely to be lithium brine, which, I assume, from what is said in the video, is of much higher concentration than the brine already intersected by KB2-02

[the count of monte_cristo] 17/2/2024 10:50

#gmet #gmtlf CEO @oliverjfriesen
provides a detailed technical breakdown of yesterday's RNS covering the Company's 100% owned Kibby Basin #lithium Properties.

Watch the ~10min long video below (tilt your phone for full screen).

[the count of monte_cristo] 16/2/2024 08:26

So, our closest neighbour is American Lithium Corp, I had a look at them and will share what I found...

Market cap: 210m C$ (123m GBP)



They have a couple of projects, the TLC lithium project in Nevada is the most advanced and is at PEA stage. Recent Feb 24 presentation provides a lot of detail.



The US DoD are also backing US lithium exploration to increase internal production.

DoD Enters Agreement to Expand Domestic Lithium Mining for U.S. Battery Supply Chains











Some lithium growth projections.

[someuwin] 16/2/2024 07:24

Amazing location. Surrounded by Lithium majors, close to the enormous Thacker Pass (largest known lithium deposit in the US and one of the largest in the world) and close to Tesla Gigafactory...

[metis20] 16/2/2024 07:18

Extract:-

"Considering the lithium enrichment encountered in brines and clays in KM22-02 above the main target conductor which demonstrate the prospectivity of the entire basin, Golden Metal considers there is compelling evidence indicating a high likelihood that the untested target conductor (Figure 3) is also caused by lithium brine mineralisation."

Quite a stream of updates over the past 6 weeks - copper, silver, gold, uranium, garnet and now lithium.

[the count of monte_cristo] 16/2/2024 07:14

decent rns

[the count of monte_cristo] 15/2/2024 08:19

I'll pm you mate.

[rolo7] 15/2/2024 08:04

telegram group what is that?

[the count of monte_cristo] 15/2/2024 06:06

Thanks, I will share on the Telegram group.

[rolo7] 14/2/2024 22:10

A nice write uphttps://investingstrategy.co.uk/mining/investing-strategy-the-golden-metal-resources-edit/

[the count of monte_cristo] 11/2/2024 02:31

Removing the garnet will reduce wear and tear, its a very hard material used in abrasives. Nice kicker into the project to further improve the profitability.

[rolo7] 09/2/2024 09:28

Up gmet goes, reduction in waste material as garnet instead I read on a tweet.