Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It's just a shame your chips cost about a hundred quid per chip. Lol.
Hi matey. Yes, good news today and pleased that they drilled south after it looking like the right place to do so following their last efforts. Surprised only three holes overall are being drilled, but winter is closing fast, so they can't really do more now. Left it far too late again. I think the RNS was rushed out prior to the GM as well, because they could easily have waited for the results from the second hole, or from all holes upon drill completion. Of course, now we don't know how good the remaining two of three are, so that leaves it up in the air, which is typical of the BOD. I voted 'no' to the proposals a couple of weeks ago and the 'incomplete' news today just reaffirms my decision. If the gold information finally revealed from the three drills is significant, then it makes even more of a mockery of the placing at 0.015p, which, as we know, is already viewed with complete disgust anyway by existing shareholders. With the bad taste still in our mouths, the BOD has not justified the need to gain the authority to issue further shares, in my opinion. Today's news is promising, but it is only a third of the offering. It smacks both of desperation and being sly, just before they need a positive result tomorrow.
That probably many of the trades showing as sells in the .018's are actually buys as the Ask comes down to meet it..... ho hum up yer b#m...
LoL :-)
Rushed out for that purpose IMO hence it's incomplete - not changing my NO vote registered with my broker ... they'll need to do better than this & can ask permission as & when they identify a valid reason with good purpose - last placing really showed them up - again IMO
Stop being so cynical. With the increase this morning the curry sauce on my chips will be free!
Good timing - RNS with good news comes out the day before the GM to seek authority to issue more shares!
RNS out good news
RNS step out drilling - looks good but still voting NO to them being allowed to issue more shares like confetti without a sound & clearly plausible, profitable purpose. So hacked off with the performance here over the years, Slowey should be fired IMO.
Required. Winter approaching, so we'll have to complete the step-out drilling shortly or the guys will be turning blue. Good luck all.
Preferential mates rates. I'll give you a bag of gobstoppers for them Morv.
Ha ha. They look as if they've brought their families with 'em as well. Another day trip at our expense.
lol, sorry about that, i will be back in soon, i just need to sell my Knutsford Leather shares first. m:
Given the latest Mutsk photos I really think Birdy and Ed have a sound plan with the step out drilling. You can see the entire Senior team discussing were they need to go. I cannot fault them. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSomWte4MW4BANskufooLhPbzhRruikoGgjqNuVP-mqHQqViQ4g
We might as well have fun. Birdy is, at our expense. The step-out drilling is probably just a couple of Armenians each with a teaspoon and a corkscrew. Classic case of overkill by Ed. One geyser would usually have been more than enough. Lol. Particularly 2014 stylee, when the BOD did just enough to do nothing. Pmsl.
Howl.
Thanks, it'll fookin' collapse now. Lol. The remaining shareholders are straddling the abyss, with lapping flames teasing our nether regions. I'm staying! Lol. Morv, in all seriousness, fully understand why you have sold. I wish you well. Cheers matey.
LoL :-)
That is me out, sold up at 08:00:43. had enough, too stresfull. M:
We also need good overall grades or there won't be any point in continuing with it. Let's see then eh? If we are due a change in fortune for the better then it has to be now.
I also expect there to be no news about the JV until after the step out drilling results are published. If they hit Gold then I would expect Georaid to want to keep their 20% and will commit to equal financial contributions here on in. Potentially it may also capture the intention of other interested parties also. Of course if come back empty then we may see the opposite would result and a desperate additional drilling programme suggested to find the edge of the ore body . hence the potential dilution.
He also mentioned the Directors 40% pay cut, but not the facts about their increased unauthorised bonus payouts or the fact that over the last two years the administration costs matched physical exploration costs. On the up side I have been bombarded with bullish news on gold for the last month. If they do come back with hitting gold on the step out drilling it may generate significant activity, though little movement due to expected dilution and number of shares in issue.
He looked embarrassed talking about Orogen and misnaming the neighbouring project didn't do him any favours. I wonder how much he was paid to say all that nonsense? Shares in issue? Cash reserves going forward? Oops, forgot to mention. I am literally grimacing. Lol.
That's probably what the 0.0249 ers were told!