Member Info for 8ead

The raise was for working capital - to get us here and to acquire the additional 20% of NLZM.

I would imagine with the equipment and contractors we have paid deposits etc but the full cost wil lrequire the $7m plus the $5m sat in warrants to be exercised at 0.165.

BZT also has roughly $1.8 in Bkackstone shares as a last resort hopefully before another placing.

With all the work going on, the images, podcasts, hiring etc, its impossible to think this isnt round the corner, I tihnk that is what is adding to the patience being tested.

My main hope is that the time lapse is a reflection of the poor financiers putting bigger deals ahead of ours and not Colins team. Because if we can keep to rough timings outlined here then this is certainly going to be a 15 - 20 from here over the next couple of years.

Wouldnt mind the initial 3 - 4 x rerate that should come at groundbreaking to happen now though.

GLA

Its more money than ill ever have and I know he has skin in the game, hence my resilience here.l and my defense of him to other over the last 6 months.

Its not even the length of time its taken, others have taken years.

Its his petty peddling of binding terms, imminent, round the corner, any day now!? in his stupid podcasts, to keep us dangled like little fish.

If he had been more transparent and said from October, likely take 6 to 9 months to complete and we will move along with project to keep times x, y and z.

We would all respect the transparency and heads up a lot more.

So many other shares I could have spread across (but thats on me) but I bought into his timings bullsh*t so more fool me I guess.

I piled in here, the project is brilliant and so simple to execute, I couldn't not.

Will keep my seat in the waiting room for a while yet I guess

Its the longest road ive ever known, never single a single corner to go round yet....

Waste of fresh air, why bother say ing such nonsense when you cant even get a decent finance agreement in place after 7 months. he is just proofing all his doubters right

Or be like mike abd add more waffle to the chat 😅

@news do you think Bird sells BZT before Phase 2? once we have explored a little more?

Margin, its actually crazy to think that especially when in fairness to Colin, he has pretty much moved the mine to production phase without the agreement signed.

What more proof and security do they need.

The financiers are absolute ar** holes

I agree Afp has potential B Pos but if the timedeam of yhis finan e is anything to go by its a couple of years and AFP still have quite abit of drilling to which means Placings & Dilution to fund.

I will be investing once that has happened once or twice and they are further on though, but just watch list for now

RMC I am going to have to agree with you, when you look at it like that. It is ridiculous! I forgot it even gave us the terms of initial $3m and the $4 based on stages. So the drawdown didnt even need negotiating much.

It has zapped me of alot of confidence in Bird and his team, I am so close to taking my Blue investment and just moving on at this point, I only haven't because the day I do it will most likely happen.

To see so many shares I have earmarked move onwards and upwards while this languishes and sentiment is exhausted is a tough pill to swallow.

To be in a binding term back in October 25 with 100% offtake agreed and it now be June is genuinely pathetic.

Have you seen what you have reduced your shareholders too?

An endless road of Donalt trump impressions about a sand road. Just to keep the endless wait and boredom at bay.

I think Westeros waited less time for the Night King to re appear......

Int the mean time.. Prem, AFP, XTR all up 40% in the last month, I could do with getting my kitchen sink back if we are waiting much longer Birdy!

I think the finance guys are laughing at you at this point, 😂 whatever 'protocols' they have are terrible if it take 2 months AFTER DD and technicals are all finished and approved.

Just fund it your self from your Ken holdings 😉

I cant stand your constant negative posts RMC but that did make me laugh,

It is a brilliant operational update and very bullish, it complments the fact the sleeping quarters, kitchens, mess etc are all arriving on site for htis weekend and Colin stating he is bullish on budget and time.

Just the crippling anxiety over the Finance RNS being released to contend with.

But the boffins at the top of the food chain dont care about our timings, lets see what tomorrow and htis week brings.

Fantastic update and really good visibility operationally to us shareholders to see updated progress on the ground.

Eastern that is a very good point....

Further to that surely if a bridging is needed while he get the powers that be to sign off they could use £1.8m Mankayan shares sale to move this too first production.

He is running out of words. i am happy with him keeping momentum and keeping this moving, I did agree with his position on last weeks roast, it was the right move.

Having the Modular Camp units, is confidence too. My only concenr with timings slipping on finance, is are our fiancne partner difficult.

They are people far beyond me, but in an officially released RNS, they completed their own DD and technical assessments back in April so what are they dithering over for nearly two months?? Are they trying to strong arm CB into a better deal knowing he has pushed on with the project, so they can leverage the fiance better?

i really would of enjoyed a pint with a nice heavy paper sum sat in my ISA but that will come.

If it came to it to get to push us to production anf first concentrate on track, whats another 3b shares between friends ay! 😂

I wouldnt be concerned / am not concerned

After over 1 Billion shares have changed hands this week, it wasnt going to continue.

The fact a large seller who likely had warrants sold 50m shares last night and it was fully absorbed, tells you the markets stance.

We sit and wait, the Level to order books still has depth at 0.11 abd 0.12.

Large Asks at 0.95 so the fact we havent unbound back to last weeks levels should provide the confidence this is the new base and now we wait for till it lands.

That is my interpretation but as other below have their own perspective best to DYOR

I wouldnt be concerned / am not concerned

After over 1 Billion shares have changed hands this week, it wasnt going to continue.

The fact a large seller who likely had warrants sold 50m shares last night and it was fully absorbed, tells you the markets stance.

We sit and wait, the Level to order books still has depth at 0.11 abd 0.12.

Large Asks at 0.95 so the fact we havent unbound back to last weeks levels should provide the confidence this is the new base and now we wait for till it lands.

That is my interpretation but as other below have their own perspective best to DYOR

Adding further to additional capital, I did not include the 1.8m mankayan shares, so if this hits any stumbling we have 5m warrants priced in and nearly 2m mankanyan shares. thats almost the equivalnet of the CAPEX we are signing off with our undisclosed commidity trader

Nothing is ever smooth in Aim or mining, this is is genuinely as close as its gets,.

There will certainly be something 'left field' whether its a machine breakdown, efficiencies, even staffing, currency movement is something very difficult to account for. I am just hoping in the 6 zillion years we have sat waiting on this finance, they have accounted for most and have decent contingency.

I am expecting this PJ - Re drawdown at least one staged for full operational Capex. My hope or assumption is that the finacne is coming from the commodity trader, therefore will be very involved in the project and aligned with same outcome. Making lender approval almost a tick box exercise for a drawdown.

These really are golden tickets, brilliant to see the Level 2 and new base level form.

Today, tomorrow or one of the 5 days next week are certainly going to be one of my favourites in a long time :) (I sincerely hope!) DYOR

I may be wrong but I dont forsee a further placing or dilution, near or long term....

- We had one in april, provided us some working capital and cleared costs.

- the off take and £7m finance is for 100 % offtake.

We have 3b warrants outstanding at 0.165 so at rebate they will be exercised and provide another £5m working capital.

So everything from my point of view is priced in accounted for and once we have first concentrate/sale, we are on free cash, so no need to raise for phase 2.

In Summary - Absolutely Golden situation!

Tomorrow or Friday?

Or Next Week?

Its holding very well, big chunks beiing absorbed, 25% in 2 days. Going to be sme launchPad to Fly from 🚀🚀🚀🚀

Exactly my thought Process and assumption - 0.3 at Good RNS - 0.35 on exceptional Terms afte spike and settled.

It depends how well they can stick to the current timings and plan (so far skeptical ha) uf we see first concentrate and sale in Q4 then that would breed alot fo confidence into the market of it being on track and I would see the climb steady to 0.5 (Circa £100m) I do thinkg the £150m is on repeat and optmistically around this time next year. So anyone investing now or after finance is still doubling on mny times more their money.

I bought my first 1m here at 0.27 Just over 6 years ago, will be nice to see that dusty boy go blue.

Thankfully my main holding is already in blue from here.

I just meant on release on off this finance RNS - I believe it will rerate to between 0.3 and 0.4 on the very first day / couple of days.

Once they have been hoovered up, this will continue to fly through to 0.5 / 0.6 at first concentrate in the weeks or month or 2 to follow and nvever look back. which is then where I see £150m MCAP.

I was eplying to individuals who think it will be sat in the 0.2s (still great) where as I beleive on an strong finance agreement and reputable Trading partner this sits minimum in the 0.3's.

All irrelevant for me, I wont sell till after first concentrate, repeat sale. Too scared to miss full realisation price. 0.6 is my target exit.

Hopefully Christmas time

The Finance is just the first post where we enter the Race to win the big money!

DYOR not advice GLA