Member Info for Andrew1987

Tb. You are constantly telling people how great it is and how we all have to wait just a bit longer to see (after 13 years), so my questions are for you. I may or may not contact NLR directly, that will be my business.
So, again, can you answer the following, if you can't, i suggest you stop pumping the stock up. And trojan, i'm not winding anyone up, i'm looking for answers that will help all the shareholders on here. Simple questions. I stay outside Glasgow, not RG10. In tyndrum plenty of times. Could be at the mine in an hour. Looking at rocks won't help.
1. Where has the 3M went?
2. What's the current burn rate of cash per month?
3. How much money does the company have in the bank?
4. What's the anticipated income over the next 1-3 months and when will it cashflow? Whats this based on.
5. Will NLR as the largest shareholder hold an EGM?
6. Is the much promoted exploration scheme, now dead?
7. If the business runs out of cash due to lower than expected returns, what access to further funding does the directors/shareholder have?
8. Will the company be taken private in any eventuality?

P.s - A more successful mine

https://youtu.be/hEj4ghi7x4Y

Good idea, lets not waste time.
Get us answers to the following:
1. Where has the 3M went?
2. What's the current burn rate of cash per month?
3. How much money does the company have in the bank?
4. What's the anticipated income over the next 1-3 months and when will it cashflow? Whats this based on.
5. Will NLR as the largest shareholder hold an EGM?
6. Is the much promoted exploration scheme, now dead?
7. If the business runs out of cash due to lower than expected returns, what access to further funding does the directors/shareholder have?
8. Will the company be taken private in any eventuality?

That's a basic start. I'm sure others will want more. If everyone is as good as you say, and all the gold is in the ground just waiting to be picked up after 13 years, and everyone is honest and honourable then answering shouldn't be an issue. It should be a priority.

TB you might well be stope mining soon, we all know that, but according to the latest RNS, the business is at risk of folding. I’m looking for answers as to why we let it get this bad after 3M was pumped in, and what they intend to do about it. Saying we are going to do the same as we said before, isn’t exactly inspiring resolutions. Let’s paint both sides.

Tb you're starting to sound like the used car salesman that phones to tell you he's got a beauty on the lot... only for it to be rusted underneath. I'll visit when NLR is there to answer my questions. Until then, why let poor phil talk on endlessly about mining plans that we've heard a million times on youtube or other. And yet, still no profit. I don't wish to berate you my friend, but we need more than the offer of a visit or another promise.

Samson, if only. Could of lost 10x that quite easily. Lucky to cut and run when I did. I, more than most wanted this to be a success, but i'd rather call a spade, a spade than others loose more for inconspicuous reasons. It's the nature of it that stings more. We backed them, for what treatment in return.

I don't mind some risk. I do object to dishonest intentions.
In the words of our national bard... Is there, for honest poverty,. That hings his head, an' a' that?
I wish you well TB as I know I won't be the only one down just now.

If he has a cheque sitting to cover my 4k loss on this stock, i'll be there. And that loss was buying cheap and getting out quick. Otherwise, why waste my time.
All these issues that previously stopped them producing are solvable TB. With enough determination and forward planning. Snow should never stop the mine plan. No matter what.
On a side note, There's a saying, if you're going to fail, fail quick. Not 13 years later.

George, I avoid crypto like the plague. Once governments issue their own CBDC, bitcoin etc will evaporate. They will ensure it. I wish you well.

I'd happily go and meet him. But he might be so happy with the questions I ask. I actually think Phil can do a decent job but the team is too small and not robust enough to iron out problems quickly. Time is money in this case and time has been burnt. I'll give you an example.... snow stopped access to the mine last year. Snow. I'd of simply watched the weather, got the material in you need in advance of the predicted weather, get an off road tracked vehicle to transport the people. Simple stuff. But it isnt getting done. It seems like it's ok to shut down and burn time. Someone needs to be up there shouting that it's not ok to stop for snow etc.

TB with all due respect, you have been telling us we will see soon enough... for long enough. I think you're a decent enough guy but you don't do yourself any favours with that patter. Lets debate the facts. Rightly or wrongly, good or bad... at least it would be factual and honest. This is what the company needs now. Direct discussions. No more selling the dream of jam tomorrow. Lets face where we are, talk about it and put a plan in to get it right. All this smoke and mirrors has damaged the company and leaves it with no credibility when it needs it the most.

Old joke....sgz, you mean?

I've mostly sold George. Why hold what will become delisted. Or trudge along at pennies. There will be people buying in at this price hoping it will return to 50p or 60p and they will sell out. Thinking they are so clever that they won't wait for every oz to be extracted, just wait for good news then sell. But, I don't believe the good news will come now. The requirements for success are going to be 2-3 years now, in the making. So much would have to go the right way for that length of life, with more chance of problems as we have seen from 13 years.
I'll entertain you with a short story as it'll be worth more than any holding here. There was a snake in a glass jar and a young boy. The snake was stuck and called out to the young boy to put his hand in and pull him out the jar. The young boy said, "if i put my hand in, you'll bite me mr snake".... to which the snake replied, "of course i wont, because your saving me". So the young boy put his hand in the jar and the snake bit him. The boy cried.. "mr snake, you bit me, you said you would not poison me or bite me"... to which the snake replied... "im sorry, i couldn't help it, it is just my nature, a snake will always be a snake"
Moral of the story.... a failing company like this can sell you the world, but unless they actually make changes, they can't change who they are. They didn't mean to fail. It's just who they are. They arn't capable. If NLR was serious, he would change it all, top down. He won't due to "relationships". Not ruthless enough. I'd tare the company to pieces getting results.

When will he be there? Would be happy to meet with him and ask him a few questions directly.

Good idea George. Some accountability would go a long way

TB reveal yourself.... old joke.
TB if he is as indeed honourable as you say.... let's here from him. Why the pump and dump if he is so honourable? Why raise 3M knowing trouble was ahead whilst having your employees promote a 1 billion pound business. Actions my good man, actions.

The simple and most obvious outcome is administration so that NLR can purchase the assets for pennies, leave behind other shareholders of the current company holding the bag, leaving behind debt, leaving behind public scrutiny. Then via 100% ownership, pump in the money required to see it threw. Would I be surprised, no.
Anyone who thinks this wouldn't happen, ask yourself what you would do to save 20M

A bit of late night reading, looking at the forecast mining plan:
March onwards the plan is to target 430 east between april - july. 430 west was what caused the lack of production for feb/march projected at 8/gt AU and east is projected at 12g/t Au so not much better. I am not hopeful for 430 east to produce anything meaningful if at all if 430 west is anything to go by.

The last quarter of 2023 (barring no bad weather again and if the company even gets that far)the plan is to LHS 445 east.... except the ramp to 445 east isn't even complete. So before the last quarter stoping plan commences, there will need to be a break in production of ore to finish the ramp to that level.

So to summarise,
1st quarter - Move 3000 tons of useless material out the way to allow drilling to commence in 8 days even though we post videos that drilling has commenced on twitter for PR reasons!. This quarter is a right off.
2nd - mine potentially low grade ground.
3rd - Prepare a ramp up to 445 to allow mining at the end of the year, essentially halting production to do so, as we have seen them do before under the guise of mine improvements.
4th - If weather permits, mine 445 if everything else has went to plan to allow it and we don't get snow in december like most years.

Oh and find the money to pay back the borrowed 500k and money to run the mine in-between this "plan".

GOOD LUCK

Samson, Perhaps the lawyers haven't yet responded as they weren't put in funds. If you recall, a fee of 10k was requested and an additional bill to "richie" was to be paid in order to receive the appropriate advice and to pay for previous discussions. The first step proposed by the solicitors was to join the board meeting to minute them. Or "paper them" as they put it. Which essentially means, take minutes to ensure the directors cover themselves by doing what they should be in the meeting. The solicitors would nudge them in the right direction to cover themselves and then note it in an appropriate format to mitigate future litigation. A bit late.

Blakeney, the e-mail thing could be a complete fraud. The emails might be 100% inaccurate and all made up..... but Scotgold themselves have now said the company may struggle as a going concern. The in's and out's of what advice the directors sought, is background noise compared to this announcement. I still think questions may be asked about the directors actions but that's for another day at the moment.