If we had achieved a JORC asset in the last 5 years then price of gold would matter. New asset depending on amount of drilling and excavation already completed. But from what they have published +2 years away. Mutsk who knows how far away they are. They have promised a 3D model 5 months ago and have not delivered. The promised a mineral and resource definition statement a year ago and have not delivered. So far this year no plans to progress the asset and we have just lost a months drilling time. Though potentially the high gold price might temp a buyer for Deli. ......
Yep I really think if they communicate a plan then people would stay. But the way the shareholders are being ignored who can blame them. In respect to Mutsk their lack of communication has to be accepted as decision by the board to keep quiet.
The BB's are for posting views, positive and negative, but I do take exception to being challenged about why I'm invested, that's my business, nobody else's (even though I have explained more than once). Then when challenged about his position here, he dissappears. Fair enough I'm not going to get into pointless arguments but I do expect posters (those worth their salt) to be able to stand their ground and defend their point of view - if you can't accept that then don't have a go at others for posting their views.
Nothing but sells today by the looks of it, think your spot on, pi's getting fed up and cutting their losses. Oh well, Birdy will no doubt deliver what he promises and this will ten bag before you know it!.
Disco, I am not a fan of blind optimism myself. I think and fully understand your frustration, as I think it is matched with mine and most of the LTH's. I also hate the (Woooosh, Bang Crackle Fizzzz) of the ramping, but everywhere you look its always present. I think the reason for the silence is both the result of not being able to answer your questions and not wanting to argue. All I can say it best of luck to us all!
Jibber, Not having a pop for his positivity, just his ramping and constant questioning of why I'm still invested. Yet when I put forward questions as to what Birdy has done and why Castaway is still here..........silence!.
Disco, you cant fault Castaway from trying to be positive and hopeful. Its not him who deserves your wrath, its the Board. Your comments about the Board are spot on, and its time we all vented at the board directly, not on here and not each other! We need answers and a plan, now!
You're still evading my question - why are you still here? You have been ramping IMV, according to you Birdy was going to turn this around, well don't see any sign of that do you? Why don't you tell us all what Birdy has actually done in terms of enhancing shareholder value........all he has done is give himself a share option, diluted the shares for some token drilling at Mutsk, given himself £150k pa and failed to deliver what he promised. Rather than deliver a game changing investment by March at the latest, he spent a couple of minutes striking up a deal with himself to make it look like thay have been working tirelessly on our behalf.
Looking at the sales since the RNS I would say many have decided to jump ship. There is just no revenue or likely hood of revenue being generated for this year or next. Management wages will consume what left of the funds. In 5 years no JORC at any asset. Deli they are unable to sell for over two years. and Mutsk in 5 months they have failed to deliver a 3D model and clearly by their lack of communication have no plans to progress this in the near future, and now a new project we will throw our remaining cash at where if we hit anything our rewards will be limited. But either way Birdy looks good. I am seriously considering putting this down to a painful learning experience.
We can only continue to wait and see if our fortunes can be turned for the better. Anything is possible on AIM, providing the correct team is in place within a company to maximise then realise the potential of its assets. Give Birdy a few more months here I reckon, see if our current woes can be overturned, along with the opinion of many shareholders, myself included.
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