Member Info for 5x5Croire

Hope the Parmo chef guy up in the north east isn't too devastated by the current price. We seem to have lost a few good & hopeful folk along the way.

If you have sometime to spare this weekend, take a look at De Grey. Looks excellent and not suffering the Lassonde curve orphan period. PI's on Hotcopper are all over it.

Right! ( I think ) Thought they'd already had $10bn, last month from shorting the Mag 7. Expecting rinse & repeat then?

What are you expecting annoyingdevil, short term correction or a crash?

Been topping up on Jupiter fund, rather than BlackRock, Ned seems to know what he is doing. More chance of making the right choices than I have. Over 9% in de grey, looks a better Aussie option than GGP, open cast mining always cheaper. Guys on Hotcopper are very excited about DEG, no wonder looks huge.

The Real Thing? Pierre Lassonde, Eric Sprott, Michael Oliver, Luke Gromen & Ned Naylor-Leyland

https://www.youtube.com/watch?v=Zw_WIfbvxuM

Topped up my fund managed by Ned. Lassonde says one final pullback, right so far.

Maybe Upside will have a fly over to see what's happening with the road.

Sorrento Resources Pty Ltd 11,143,234 18.42%

Bennelong Resource Capital Pty Ltd 7,736,013 12.79%

Holdings in ERW, as already posted

Safe to assume the loan is keeping the lights on.

All 4 companies are interwoven. GRE, UFO, ARV & ERW. Same issues at all too, the lack of cash for explorers is the norm., but the broken promises is common to all 4 too. In Feb GRE said they would drill the Osborne JV ( with ARV ) in March - no drilling yet. Why is ERW not getting on with proving up it's Li.....Worth getting the PI's views on Hotcopper - much less sniping and more exchange of info.than here.

The quarterly updates on ASX include cash flow and some expenditure figures, would be useful to have the same for

UFO.

Will be interested to see what you conclude Sin. Is it just a game of chess or is there an end game?

The lower aquifer has been a niggling worry, SD seems confident it can be managed. Nothing holding us back now.

Apart from RS moving his chess pieces, is the JV more to do with existing mining licences?

Li is still well down, the world and his wife are out looking for it, some are listed here:-

https://www.marketindex.com.au/commodities/lithium

ERW is supposed to have one of the best Li tenements already, next to Azure. Short of cash too, share price down over 50% this year. Nothing to be gained by 4 years of work at Pinderi Hills, just the usual Bennelong games.

Yes, I know Prospector. Was replying to this "and have gained $4m in cash. where are the downside to the deal?", which is incorrect.

Only cash coming in is AUD500k, so £250k for shares.

"We spend no money", that will be because we don't have any Nap.

AUD it would seem, so £2m in total, over 4 years. Lol! Smash and grab.

£0.5m that they don't even have!

Sorrento Resources Pty Ltd 11,143,234 18.42%

Bennelong Resource Capital Pty Ltd 7,736,013 12.79%

Holding in ERW.

Don't bother to tell holders here.

Https://hotcopper.com.au/threads/ann-errawarra-enters-into-strategy-lithium-jv.7970841/

Https://www.share-talk.com/cobra-resources-raise-600000-to-advance-the-boland-rare-earth-discovery/

Just needed the full link. It's from yesterday.