Member Info for 5x5Croire

Would say Max & Richard have the same objective, whereas Richard wants to join the Aussie Billionaires, Max just wants enough to be comfortable, with a few extra's.

Had a top up, good for 20-30% from here.

Yes, they seem to be working as a collective.

Greentech even put EH & MM on their plan of the area -
https://app.sharelinktechnologies.com/announcement/asx/12ca25e9a873a4daeb4a26aa3182f06f

Isn't greentech another Shemesian co.?

Think tax maybe the issue, would guess there are advantages to paying tax in Australia rather than UK?

Fenix have hedged until the end of 2023 at aud 173, so $116.
https://www.proactiveinvestors.co.uk/companies/news/1009952/fenix-resources-extends-iron-ore-hedging-with-new-swap-contracts-to-december-31-2023-1009952.html

"Work at the companies other projects, particularly Elizabeth Hill, continues in the background, so that they are well positioned to be quickly accelerated into production when the the capital from Han****’s production becomes available. This will allow the company to develop multiple income streams, spread across multiple commodities, protecting it against price fluctuations in a single commodity and thus providing a relatively stable and constant revenue."

Excellent!

RNS says more details to follow. Won't be deciding until I know what those details are. Seems to be many more trading halts on ASX than here. Likely ASX will get any news before us, not sure that matters too much.

SD confirms we are "In Play"

Thanks CJ, just had a look round Ember site, some interesting info. 1.30 pm battle has started for silver.

dx3 plenty of incentive to invest, but you sold.

Yes all down to the Iron Ore price. Would like to see the cash generated from Hank used to get Brockman going, it's huge. EH too if we can open cast mine it.

RM's saving grace maybe his ability to arrange a JV for Munni Munni, but the timescales on such a JV are long. This is the deal he did with Rio in 2020 for Bluejay -

"Terms of the Agreement - Rio Tinto may acquire up to a 75% interest, in stages, in the Enonkoski Project by sole funding US$20.0 million in project expenditures or cash equivalent payments over three stages:

· Stage One - Rio Tinto can move to 51% ownership by spending US$5.0 million by November 2023. Of this $5.0 million, $0.4 million is expected to be spent by 30 March 2021

· Stage Two - 65% ownership for further expenditure of US$5.0 million by November 2025

· Stage Three - 75% ownership for further expenditure of US$10.0 million by November 2029

· Beyond Stage Three, each party shall fund its respective 75%:25% share of project expenditure or be diluted"

The JV GGP has with Newcrest has moved very quickly, but only because Telfer is in need of feeding. This would not be the case with Munni Munni, which would require considerable Capex. I'm not saying it won't happen, but it's 10+ years away.

I hope we move to Brockman soon. EH could prove to be much bigger than is known now, the grades are outstanding. Hope we dump Vivash, was never needed.

Think Tacet is spreading doubt, as the price is not dropping to the level he wants to buy at.

"Bluejay Mining plc, the AIM and FSE listed, and OCTQB traded, exploration and development company with projects in Greenland and Finland, announces that it was notified that on the 31st December 2020, Mr Roderick McIllree, Chief Executive Officer of the Company, sold 20,000,000 ordinary shares of 0.01 pence each in the share capital of the Company ("Ordinary Shares"). The shares were sold at 14.5 pence per share, a 2.225 pence premium to the closing day's price of 12.275, to a single entity via an off-market transaction." RNS

4 Jan 2021.

Note the timing while markets closed

So what do you think AAL want Tacet?

If your post 21.56 was directed at me Max, I have never said I was selling or leaving, you couldn't be more wrong, but then you often are.

No I'm in and well down, started to buy back at 1.20 all the way down to 0.40, expect it to come good despite all the issues.

None of your business. How many are you holding? Which is none of my business!