Member Info for Adw198

@dvharrison Yes I was also in SHG which was another dirty takeover from insiders - after years of shareholder support they took it private just as the glory days and gold bull run kicked in. Expecting something very similar here but at least this one is predictable

2.5p - 3p would be rejected? I think that’s bold without knowing DOIDs intentions. That would represent a big profit for them - granted I don’t think they’re here to buy and sell shares. They’re here to build a copper business, which is why I think they’ll take us out and for less than that. The alternative is for the first time we get a serious alternative buyer - which as I say would be a first post FS19 / FS23. Either way they’re sat on the Board so will be well aware of interest / rival offers.

Loads….yet you sold shares last, as you (claimed) you did when it was. >18p

What’s your average here EC?

The company have confirmed there’s a funding gap. It would be very optimistic to think that since Novembers trading update we’ve not only found the trebling £6m of revenue, but surpassed that to such an extent that we’ve extended the runway. We are indeed speculating about the performance this year but there’s no RNS to point to around material revenue. I suspect we won’t hit the £6m and thus the runway is shorter.

How much are you down here, Simon?

And what’s makes you confident you’ll get your losses back?

@luqs

“I don't know people come on these boards to spread total lies”

“Target price increased shows significance of the deal”

Can you please direct me to the increased target price?

34%, ok thanks, accepted.

My assertion that they call the shots still stands. They’ve got 2 members on OUR Board, ie those 2 members get to see the extent of any / all interest and have a third on any vote. They haven’t been appointed to sell shares at a profit. Just look back as to why DOID bought in to begin with.

Whats the official plan for funding the $230m build

cost and what’s the plan to keep the business going?

Im a novice on here but my god it’s so obvious DOID will make a lot of money and PIs won’t.

All very promising for the medium - long term.

But there’s a short term funding requirement and even that’s based on a forecast trebling of revenues - from unspecified sources.

This remains a massive high risk high reward stock imo.

Hi Tinkle,

Fair post that, but for me the elephant in the room is DOID. I don’t think they’ve bought in for a trade so we need to look at their motives and likely actions. I’m sure they could be tempted by a massive offer but realistically they aren’t going to sit back and let others take us out - and they own enough to call the shots.

They’ll be no final permits because we haven’t got the money to pay for them. I agree no bank will lend till they know they’re in place - but no bank will lend $110m to a company like us who’ll probably need to report a going concern risk (again) at results time anyway. Basically we aren’t getting funded so the for sale sign is already up. My contention is DOID are the only likely buyer.

Why would there suddenly be a bidding war now?

@ac123, good post that, a bit of analysis and reality on the company and SP - a nice break from SimpleSimon and the rest playing out their c**k measuring contest.

I’m a newbie here, so am blessed with a low average. It absolutely stinks of the typical AIM jam tomoz con job, but all it needs is some updates on the AA drilling and we’ll fly. I certainly won’t be hanging around for long but I think the tide is about to turn - the health of (Doctor) Copper will see to that.

@researcher1

That’s a very honest and fair appraisal and one I share.

The major problem we faced on Tuesday is still there now - which is a cash runway until only Q2 25 and uncertainty over whether this years trebling of income (on which that’s based) will come in. I’m expecting poor annual results and managed to get rid of half of mine at 16p yday for a fair result. Hoping for 1 more spike before results to cash out tie rest - was hoping for the US patent RNS to help with that.

Love how EC has dumped some of his but continue to spam us telling us how great the future is with no analysis of why they aren’t announcing material£ contracts. If this had a 2 year runway I’d be all in but alas it remains a race against time.

All very well having these NPVs and speculating about takeover prices but why isn’t anyone asking why DOID aren’t bidding? Nobody is close to this than them. To me it’s blindingly obvious they’ll take us out, I just hope it’s soon rather than later because I can’t imagine the $4m lasting that long.

Bit of an aside but if the granting of the patent was deemed price sensitive ie released through an RNS, how was he able to confirm the US one on the interview?

Are there any budding weathermen who can let me know when the rainy season ends? The lack of any update following an apparent February meeting with Anglo is now looking pretty worrying. I do wonder if the new licences we partly raised money for were a classic AIM bit of misdirection….

yeah breast cancer is such a niche market isn’t it.

you got sacked for being a ******, doesn’t look like you’ve learned from the episode. shame your kids are being left to run feral whilst you log on to announce a placing and celebrate the spread of cancer.

So we lost £21m in 2023 but have made savings that are expected to save £3m. That would give a loss of £18m, but we expect to tripe revenue (recognised) to £6.6m. Ignoring the fact it’s recognised not received that gives a loss of £11.4m from a starting cash point of £15m.

So we better hope the next trading update / results don’t downgrade revenue or the runway will begin to look very short. They’ve also said they expect to break even end of 2025. If we assume (guess) costs stay static at £18m, then we’d need to again treble the revenue going forward.

We need to get a commercial move on.

I’m newly invested here, it seems the Swedes selling out is what dragged the SP down as that was some serious selling pressure. Whilst the raise stunk of the usual self serving AIM BS, it’s behind us now (and gave new investors a good entry).

Im confident sentiment will soon return and excitement will build. My only slight concern is the lack of a drilling plan with Anglo. I think Im right in saying they’ve got 3 years to do their drilling and I just hope it’s not been put on the back burner this year. Seems a bit quiet on that front.

Hopefully when the rain stops we can get moving!

We definitely need some substantive news around commercial progress. Without that then the concerns might not be around the fundraise, but the lack of being able to get one away. I’d imagine the market will want some concrete evidence of commercial progress, details of which are worryingly vague in my opinion. All feels a race against time.

This clip reminds me of the message board here. I’m not sure who is play which role but jesus there’s some weirdos knocking about just posting the same drivel hour after hour!

https://m.youtube.com/watch?v=1nSYZVsHnVU&pp=ygUSc2NvdHRpc2ggcHViIHNjZW5l

@bantham I agree there’s a lack of a documented plan to make this a commercial success. There’s no doubt they’ve struggled to make inroads which is reflected in a repeated trading update downgrades. It’s hard to have any confidence in this years projection which then shortens the runway. As you say, the bigger worry than a raise is a failed raise, hence I’d prefer the former.

Hopefully we get some deal dominoes lined up!