Goldsworthy Drill Results, page-8

Don't hink they will report to be rubbish. Thgere will be a spin
Everything is all strategic right now coming closer to the option expiry.
There's a lot of announcements that I think are imminent before the 31st.
It won't surprise me at all if they come out very closely spaced to keep the momentum going.
Of course that's assuming they are positive,
$80 m market cap right now and not much money in the bank.

The company is likely to announce the receipt of the first tranche of $4 million on or before the 15th December

15 December 2024 - $1m
15 January 2025 - $1m
31 January 2025- $1m
and 15 February 2025 - $1m

Let's see what else will be released before 31 December.

GWE
Manganese
Mining Services contract
Placement funds

Anything else I have missed?

Be wary of increased volume. Not hard to get a number of shareholders to pump up the price to make options in the money.

I am not suggesting anything of the nature below but this is the stuff that happens on hotcopper and much more.

‘Dummy bids part of fun’:HotCopper trader guilty of manipulation

Liam Walsh Reporter

Jun 7, 2022 – 3.32pm

A trader who pumped up andthen sold penny stocks in sectors from mining to electronic goods has pleadedguilty to share manipulation, in a historic case involving posts on websiteHotCopper.

**riel Govinda, using theonline identity Fibonarchery, even once boasted: “Dummy bids are all part ofthe fun and games and cat and mouse of the stockmarket!”

The plea is the first under Corporations Actprovisions relating to disseminating information. James Alcock

The 40-year-old’s pleas to23 charges of share manipulation and 19 charges of illegally disseminatinginformation related to the manipulation, entered in Melbourne’s MagistratesCourt, could entail serious penalties of jail time or hefty fines.

The Australian Securitiesand Investments Commission, which announced the pleas on Tuesday and hadinvestigated the crimes, said it was the first conviction under the informationdissemination provisions of 1041D of the Corporations Act.

It comes more than sevenyears after the crimes were committed.

Pump and dump is when people hype up the stockto inflate its share price, selling the shares as they become overvalued. Newinvestors nurse subsequent losses.

Govinda’s charges related totrading in shares from September 2014 to July 2015 in 20 companies. All hadlow-level market capitalisations on the ASX, often in the sub-$10 millionrange, and some could fluctuate heavily.

Stocks targeted

He was dabbling in miningexploration and resource stocks including Brumby Resources, BBX Minerals, AVZMinerals, Zeus Resources, Stratum Metals, 3D Resources, Taruga Gold, HarangaResources, Regalpoint Resources, Altura Mining and Alchemy Resources.

Other charges related tomanufacturer of trucks to mining and construction industry ORH, environmentalconsulting and technology provider Pacific Environment, hot water and coolingsystems distributor Quantum Energy, tracking system developer Bluechiip andbiotechnology outfit Sun Biomedical.

Other technology-relatedcompanies whose shares were caught up in the trading were operator ofe-commerce brands Disruptive Investment, mobile phone supplier Cellnet andelectronic components maker Rectifier Technologies.

Share prices in many of theshares at the time of trading were often below 10¢ for the companies. Some werebelow 1¢.

The illegal trading involvedshare purchases worth $3.1 million, excluding brokerage. ASIC said Govinda used 13different share trading accounts, held in the names of relatives and friends,to manipulate the price.

He used techniques known aswash trading – buying and selling between accounts he controlled – which has oris likely to create a false or misleading appearance about active trading inthe market. ASIC said Govinda also used dummy bids for company shares, whichfalsely increased the perceived demand and so price for the stocks.

‘ASX Wolf’ civil case

The dissemination chargesall relate to posts he put on HotCopper, a website for traders notorious forinflammatory commentary. “He was seeking to increase (or pump) the share price,then selling (or dumping) the listed stocks at a higher price,” ASIC said.

The commission said themaximum penalty for each charge is 10 years’ imprisonment or fines of up to$765,000, or both. The matter had been adjourned to a mention hearing for July29.

Meanwhile, ASIC’s separate civil actionagainst Gold Coast-based share trader Tyson “ASX Wolf” Scholz has progressed with a seven-day trial scheduled to be heard from August 29.

Mr Scholz, who portrayed alife of share trading, yachts and Lamborghinis on Instagram under the monikerASX Wolf, has been accused by ASIC of carrying on a financial services businesswithout holding an Australian financial services licence by delivering trainingcourses and seminars about trading.

ASIC is seeking ordersprohibiting him from engaging in such activities. Mr Scholz is defending theaction and not accused of any crimes.

His barrister Robert Dick,SC, told the Federal Court in Brisbane on Tuesday that ASIC had “marshalled asubstantial body of evidence” including five lay witnesses and ASIC witnesses.