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Napth you don't think we need a ceo now? We need a ceo to be taken seriously and do pr and news like today and last week and be the focal point for deals
Something is very wrong here,we get news of a Jv and the price declines,what is it that myself and others are missing, because this does not add up.
Markets deal with facts is there more going on behind the scenes and its not good 🤔
Get a ceo to take a salary when its clearly not needed.
Yes great idea
@uktrader
Can you tell us what deal you would have found acceptable?
On your past posts, a £1m payment per day would have been no good. Wouldn't it?
Hurry up and get a decent ceo if this is the best JX they can hatch up god help us
Something not right with the clowns running this outfit
Bfd valids points
Explorers do exploration. Majors don't. Junior explorers are tiny market cap until they hit a payload. There money is just as good as anybody else's. If it doesn't work out they go out of business so they are incentivised to try harder.
I think people may be annoyed at the size of this jv company they smaller mcap than us. Not exactly a major willing to plow money into it. How they will get the funds I don't know? But if it's just for Lithium only and was only deal on the table fair enough
I'm gonna buy, not quite yet, price isn't quite right.
I'm so loaded, can't wait for it to get there to fill my boots.
Just not yet but soon honest.
Do these fools think anybody believes a word they post when they write this kind of garbage
Bishop
Pls explain what you think is wrong with the RNS?
It looks decent to me.
I wonder if the person buying 15m had a little prior knowledge
"Errawarra has immediate plans to commence exploration for lithium on the project."
what happens to the share price if we went to get a jv for han**** before end of may?
would we really sink below 0.15p?
might we bounce up to 0.3p from here?
Market doesn't like the news or is it a tree shake from brokers? I think if it's just for lithium it's ok deal today
Good to flush out the weak hands today.
UFO going to have a very, very strong year.
Its a shemasian company. Its worthless, to you, as an investor. To him however its a bottomless trough swill in...
Amazing how many donors there are that are willing to keep the trough full.
Yes may test new lows then and only then i will buyinto it , as people jump the gun it will be around 012p
This is probably the easiest and msot straightforward of all the JVs to come hence the quickest. Watch this space for more and bigger ones (which take longer to finalise). Just over a week since ML... 1 JV in the bag.
😂😂😂😂😂 bishop now you sound silly. Get them while you can
The_Bishop. Just my opinion but I think you've called this one wrong. But as you say, time will ...
ATB, FG
I think the Markets know better, hence the dip in the SP.. Frankly and honestly, I'm still holding out for 0.1p but will settle on 0.13p which will net me about 75m shares once purchased.
Time will tell.....
As i read it.
We're getting a cash injection of 500k in the form of a subscription for shares. Ok fair enough we're diluted as part of this so this effectively nets itself out to 0.
We are however getting someone contracted to spend $4mil on drilling in return for 50% of the area. Now if they don't find anything we've given away 50% of not very much.
If however they do hit something good then we've had the initial work done for us which we currently don't have budget to do. So we give up 25% or 50% of something (depending on how much they've spent) instead of sitting on 100% of land which may or may not have anything.
I'm seeing this as more of a positive than a negative
I spoke too soon
The SP has just gone positive
Took an hour for the market to absorb the deal.
Thanks petej247 :)
Yeah we all need a break.. When you look at the valuations out there in tech or other sectors and you look at mining companies like ours it just doesnt add up. Either we are all super early to the party or we are all mad and wrong lol